All Home Types
Richmond, MI Housing Market
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.
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
Richmond Migration & Relocation Trends
In Sep '24 - Nov '24, 21% of Richmond homebuyers searched to move out of Richmond, while 79% looked to stay within the metropolitan area.
- Across the nation, 0.84% of homebuyers searched to move into Richmond from outside metros.
- Los Angeles homebuyers searched to move into Richmond more than any other metro followed by New York and Washington.
Where are people moving to Richmond from?
- 79% of Richmond homebuyers searched to stay within the Richmond metropolitan area.
- Traverse City was the most popular destination among Richmond homebuyers followed by Cape Coral and Saginaw.
Where are people from Richmond moving to?
Number of People Moving to Richmond
least
most
People are moving to Richmond from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 531 | ||
| 2 | 468 | ||
| 3 | 458 | ||
| 4 | 397 | ||
| 5 | 261 | ||
| 6 | 158 | ||
| 7 | 115 | ||
| 8 | 112 | ||
| 9 | 94 | ||
| 10 | 73 | ||
People are leaving Richmond for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 161 | ||
| 2 | 143 | ||
| 3 | 117 | ||
| 4 | 112 | ||
| 5 | 104 | ||
| 6 | 92 | ||
| 7 | 88 | ||
| 8 | 77 | ||
| 9 | 51 | ||
| 10 | 49 | ||
Methodology
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.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Richmond.
Provided by First Street Foundation
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