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Featured local agent — Richmond, CA
Sarah Mitchell
Compass Real Estate · Richmond, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richmond, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$700,000median sale price
How is the Richmond, CA housing market right now?
The median home sale price in Richmond, CA is $700,000, up 12.6% year-over-year. Homes sell in an average of 20 days with 142 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Richmond a buyer's or seller's market?
Richmond, CA is currently a strong seller's market, based on 2.1 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
67
Last 12 weeks
Days on market
20
Fast-moving
Active listings
142
2.1 months supply
Sale-to-list
105.6%
Above asking
What does the Richmond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $700,000 |
| Median list price | $621,500 |
| Year-over-year price change | +12.6% |
| Average days on market | 20 days |
| Active inventory | 142 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 105.6% |
| Median price per sq ft | $492/sq ft |
| Homes sold (latest month) | 67 |
| New listings (latest month) | 86 |
| Listings with a price cut | 26.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Richmond by property type?
How the Richmond, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $745,000 | $496/sq ft | 51 | 15 days |
| Condo / Co-op | $435,000 | $484/sq ft | 12 | 47 days |
| Townhouse | $566,750 | $452/sq ft | 2 | 16 days |
Source: Redfin · Updated monthly
The Richmond housing market is currently classified as a strong seller's market with a median sale price of $700,000. Prices have risen 12.6% compared to last year, with homes spending an average of 20 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Richmond
There are currently 142 homes listed for sale in Richmond, California. The median listing price is $622K.
Active listings
142
Homes on market
Median list price
$622K
Avg. days on market
20
Days until sale
New this week
86
Newly listed
Who lives in Richmond?
Population
115,396
Median income
$90,038/yr
Median age
37.6 years
Owner-occupied
52.5%
College grads
32.5%
Avg commute
34.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Richmond?
Zillow home value
$612,549
Zillow rent index
$2,562/mo
Price-to-rent ratio
19.9x
Price-to-income
6.8x
Source: Zillow Research
What is it like to live in Richmond?
Richmond is a community of approximately 115K residents with a median age of 37.6 years.The median household income is $90,038, which reflects a relatively affluent area with strong earning potential. 32.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 52.5%, showing a blend of owner and renter-occupied properties. The average commute time is 34.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Richmond offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richmond?
33 schools tracked · 15,843 students
The largest public schools serving Richmond, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Richmond High
Grades 9-12 · 1,341 students
De Anza High
Grades 9-12 · 1,103 students
Making Waves Academy
Grades 5-12 · 1,103 students
John F. Kennedy High
Grades 9-12 · 825 students
Summit Public School: Tamalpais
Grades 7-12 · 650 students
Aspire Richmond Ca. College Preparatory Academy
Grades 6-12 · 595 students
Aspire Richmond Technology Academy
Grades K-5 · 567 students
Grant Elementary
Grades K-6 · 560 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richmond, CA?
Want a head-to-head view? Compare Richmond side-by-side with any other U.S. city using our market-comparison tool.
Is Richmond a good real estate investment market?
For investors evaluating Richmond, the price-to-rent ratio of 19.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 12.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Richmond's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Richmond's median home price.
Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $700,000, up 12.6% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 20 days on market before going under contract.
What is the median income in Richmond?
The median household income is $90,038 per year.
Is Richmond a buyer's or seller's market?
With 2.1 months of supply, Richmond is currently a strong seller's market.
What is the Zillow home value estimate for Richmond?
The Zillow Home Value Index (ZHVI) for Richmond is $612,549, representing the typical home value in the area.
What is the median condo price in Richmond?
The median condo/co-op sale price in Richmond, CA is $435,000, compared to $745,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richmond?
The median single-family home price in Richmond, CA is $745,000 (about $496 per square foot).
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