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!