Richmond House Market Report – April 2021

In April 2021, the Richmond house real estate market is classified as a Balanced Market with an absorption rate of 12.7%. The market in Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

146 house properties sold in Richmond during April 2021 based on MLS® records. There were 1,152 active listings at the start of the month. A total of 349 new listings came to market during the month.

The average house sold price in Richmond in April 2021 was $1,970,386. Sold prices ranged from $1,200,000 to $5,674,285. Data is sourced from MLS® board records.

In April 2021, house properties in Richmond averaged 20 days on the market before selling. With an absorption rate of 12.7%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Richmond in April 2021 was $1,970,386, up 137.4% year-over-year compared to April 2020 ($830,000). Sales volume was up 14500% compared to the same month last year. Data is sourced from MLS® sold records.