The Richmond housing market is somewhat competitive. The median sale price of a home in Richmond was $295K last month, up 35.9% since last year. The median sale price per square foot in Richmond is $178, down 4.8% since last year.
What is the housing market like in Richmond today?
In October 2024, Richmond home prices were up 35.9% compared to last year, selling for a median price of $295K. On average, homes in Richmond sell after 20 days on the market compared to 7 days last year. There were 8 homes sold in October this year, down from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$295,000
+35.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Richmond, MI
$295,000
+35.9%
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 somewhat competitive. Homes sell in 19 days.
0
100
67
Somewhat 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 6 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 19 days.
Hot homes
can sell for about 3% above list price and go pending in around 9 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.
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.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Richmond has a minor risk of flooding. 85 properties in Richmond are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Richmond. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Richmond has a moderate risk of wildfire. There are 1 properties in Richmond that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Richmond.