Richmond House Market Report – March 2021

In March 2021, the Richmond house real estate market is classified as a Balanced Market with an absorption rate of 19%. 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.

207 house properties sold in Richmond during March 2021 based on MLS® records. There were 1,092 active listings at the start of the month. A total of 388 new listings came to market during the month.

The average house sold price in Richmond in March 2021 was $1,994,681. Sold prices ranged from $1,048,000 to $7,000,000. Data is sourced from MLS® board records.

In March 2021, house properties in Richmond averaged 28 days on the market before selling. With an absorption rate of 19%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Richmond in March 2021 was $1,994,681, up 32.3% year-over-year compared to March 2020 ($1,507,500). Sales volume was up 10250% compared to the same month last year. Data is sourced from MLS® sold records.