Richmond, IL
Housing market overview · Updated weekly
$305,000median sale price
Homes sold
3
Last 12 weeks
Days on market
50
Average pace
Active listings
5
1.7 months supply
Sale-to-list
100.8%
Above asking
The Richmond housing market is currently classified as a strong seller's market with a median sale price of $305,000. Prices have risen 67.1% compared to last year, with homes spending an average of 50 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Richmond
There are currently 5 homes listed for sale in Richmond, Illinois. The median listing price is $130K.
Active listings
5
Homes on market
Median list price
$130K
Avg. days on market
50
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $305,000, up 67.1% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 50 days on market before going under contract.
Is Richmond a buyer's or seller's market?
With 1.7 months of supply, Richmond is currently a strong seller's market.
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