The Richmond housing market is very competitive. The median sale price of a home in Richmond was $705K last month, up 17.5% since last year. The median sale price per square foot in Richmond is $340, up 7.3% since last year.
What is the housing market like in Richmond today?
In May 2025, Richmond home prices were up 17.5% compared to last year, selling for a median price of $705K. On average, homes in Richmond sell after 6 days on the market compared to 6 days last year. There were 38 homes sold in May this year, up from 37 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$705,005
+17.5% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Richmond, OR
$705,005
+17.5%
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 Portland add value to a home.
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How hot is the Richmond housing market?
Richmond is very competitive. Homes sell in 6 days.
0
100
88
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 5% above list price and go pending in around 6 days.
Hot homes
can sell for about 10% above list price and go pending in around 5 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Richmond, OR
105.6%
+2.4 pt
United States
Home offer insights for Richmond
Explore recent offers and recently sold homes in Richmond
Recent offers
Offer Not Accepted|
5 Weeks Ago
~$500K Offer
Sold for $475K
3bd | 1ba | ~2,500sqft
Over List Price
0%
Days on Market
28
Competing Offers
3
Down Payment
~20%
Lora Smith
Richmond Redfin Agent
Shortened inspection period, limited repairs to health and safety items, shortened closing timeline. Offer was contingent on their sale closing on departing property.…
More
Offer Not Accepted|
6 Weeks Ago
~$500K Offer
Sold for $550K
2bd | 1ba | ~2,000sqft
Over List Price
5%
Days on Market
6
Competing Offers
5
Down Payment
~20%
Lora Smith
Richmond Redfin Agent
Wrote no repairs to be asked for
Increased offer price
Shortened inspection period
Offer Not Accepted|
8 Weeks Ago
~$650K Offer
Sold for $700K
2bd | 1.5ba | ~2,250sqft
Under List Price
5%
Days on Market
5
Competing Offers
2
Down Payment
—
Christopher Rowley
Richmond Redfin Agent
View houses in Richmond that sold recently
Recently sold homes
SOLD JUN 26, 2025
VIDEO TOUR
$390,000 Last Sold Price
2 beds
2.5 baths
957 sq ft
2454 SE 47th Ave, Portland, OR 97206
Darryl Bodle • Keller Williams Realty Portland Premiere
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
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Richmond has a minor risk of flooding. 231 properties in Richmond are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Richmond. Flood risk is increasing slower than the national average.