Richmond, MI
Housing market overview · Updated weekly
$227,350median sale price
Homes sold
4
Last 12 weeks
Days on market
38
Average pace
Active listings
21
5.3 months supply
Sale-to-list
98.7%
Below asking
The Richmond housing market is currently classified as a leaning buyer's with a median sale price of $227,350. Prices have fallen 34.3% compared to last year, with homes spending an average of 38 days on market, indicating 5.3 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 21 homes listed for sale in Richmond, Michigan. The median listing price is $355K.
Active listings
21
Homes on market
Median list price
$355K
Avg. days on market
38
Days until sale
New this week
5
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 $227,350, down 34.3% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 38 days on market before going under contract.
Is Richmond a buyer's or seller's market?
With 5.3 months of supply, Richmond is currently a leaning buyer's.
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