The Richmond housing market is very competitive. Homes in Richmond receive 4 offers on average and sell in around 24 days. The median sale price of a home in Richmond was $710K last month, up 11.8% since last year. The median sale price per square foot in Richmond is $517, up 11.2% since last year.
What is the housing market like in Richmond today?
In March 2024, Richmond home prices were up 11.8% compared to last year, selling for a median price of $710K. On average, homes in Richmond sell after 24 days on the market compared to 19 days last year. There were 61 homes sold in March this year, down from 69 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$710,000
+11.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Richmond, CA
$710,000
+11.8%
United States
To compare other locations to the Richmond and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Richmond add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Richmond housing market?
Richmond is very competitive. Homes sell in 18 days.
0
100
82
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 18 days.
Hot homes
can sell for about 9% above list price and go pending in around 10 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Richmond
Explore recent offers and recently sold homes in Richmond
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$950K Offer
Sold for $1.25M
3bd | 2ba | ~2,250sqft
Over List Price
5%
Days on Market
6
Competing Offers
4
Down Payment
—
Katy Polvorosa
Richmond Redfin Agent
My buyer offered cash, right where the comps came in. There were 2 other offers that were considerably higher.…
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Richmond housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Richmond.
Risk Factor
Flood Factor - Moderate
39% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Richmond has a moderate risk of flooding. 1,783 properties in Richmond are likely to be
severely affected
by flooding over the next 30 years. This represents 39% of all properties in Richmond. Flood risk is increasing slower than the national average.
41% of properties are at risk of wildfire over the next 30 years
Fire Factor
Richmond has a moderate risk of wildfire. There are 2,919 properties in Richmond that have some risk of being affected by wildfire over the next 30 years. This represents 41% of all properties in Richmond.