Real Estate In Richmond is a balanced market favoring buyers. There is significant amount of homes for sale in Richmond, and buyers are not in a rush to buy yet. There is a 6.99 months supply of inventory on the market in Richmond on December 31, 1969.
Now is the Time to Buy! The average market time for a Single Family Homes to sell in Richmond last month was 37 days. It took on average 34 days to sell Richmond Condo, Townhouse or a Duplex.
The number of home sales in Richmond from August 1, 2019 through August 31, 2019 was 5 units. That is 1% above the number of homes sold last month in Richmond.
The average price per square foot in the area is now $91/Sq.Ft, which is 19% an increase from last month.


In Richmond there were 1 units sold in August in the price range between $62,500 – $147,250 with an average of 1 bedrooms and 1 bathrooms and average Square footage of 740SF.

In Richmond there were 3 units sold in August in the price range between $147,251 – $305,999 with an average of 4 bedrooms and 2.4 bathrooms and average Square footage of 2,447SF.

In Richmond there were 1 units sold in August in the price range between $306,000 – $380,000 with an average of 5 bedrooms and 2.1 bathrooms and average Square footage of 1,689SF.

The middle price range had the most activity. Homes up to $305,999 were on the market on average 43 days and sold an average of $239,166.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Richmond. Search all Richmond homes for Sale on propertyup.com If you are considering viewing Richmond, you may want to do so now!

Richmond
Jul 1, 2019 – Jul 31, 2019
Aug 1, 2019 – Aug 31, 2019
Month
July
August
Average Listing Price
$302,484
$308,917
Median Sales Price
$193,557
$232,000
Month supply of inventory
7.5
7
Market Time Detached
66 days
37 days
Market Time Attached
5 days
34 days
Inventory
71 properties
91 properties
Low price range
$70,000 – $131,779
$62,500 – $147,250
Low price range market time
43 days
34 days
Low price range units sold
0
1
Low price range bedrooms
2
1
Low price range bathrooms
1
1
Low price range approx sqft
1,011 SF
740 SF
Mid price range
$131,780 – $251,778
$147,251 – $305,999
Mid price range market time
92 days
43 days
Mid price range units sold
3
3
Mid price range bedrooms
3.3
4
Mid price range bathrooms
2
2.4
Mid price range approx sqft
1,690 SF
2,447 SF
High price range
$251,779 – $310,000
$306,000 – $380,000
High price range market time
19 days
19 days
High price range units sold
2
1
High price range bedrooms
3
5
High price range bathrooms
2.6
2.1
High price range approxsqft
1,958 SF
1,689 SF