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Featured local agent — Richmond, RI
Sarah Mitchell
Compass Real Estate · Richmond, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richmond, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$785,500median sale price
How is the Richmond, RI housing market right now?
The median home sale price in Richmond, RI is $785,500, up 33.0% year-over-year. Homes sell in an average of 40 days with 12 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, RI is currently a strong seller's market, based on 2.0 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
40
Average pace
Active listings
12
2.0 months supply
Sale-to-list
103.8%
Above asking
What does the Richmond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $785,500 |
| Median list price | $475,000 |
| Year-over-year price change | +33.0% |
| Average days on market | 40 days |
| Active inventory | 12 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 103.8% |
| Median price per sq ft | $350/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 7 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Richmond by property type?
How the Richmond, RI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $800,000 | $362/sq ft | 5 | 45 days |
| Condo / Co-op | $473,623 | $341/sq ft | 2 | 76 days |
Source: Redfin · Updated monthly
The Richmond housing market is currently classified as a strong seller's market with a median sale price of $785,500. Prices have risen 33.0% compared to last year, with homes spending an average of 40 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Richmond
There are currently 12 homes listed for sale in Richmond, Rhode Island. The median listing price is $475K.
Active listings
12
Homes on market
Median list price
$475K
Avg. days on market
40
Days until sale
New this week
7
Newly listed
What are homes worth in Richmond?
Zillow home value
$529,805
Source: Zillow Research
Which cities are near Richmond, RI?
Want a head-to-head view? Compare Richmond side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $785,500, up 33.0% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 40 days on market before going under contract.
Is Richmond a buyer's or seller's market?
With 2.0 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 $529,805, 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, RI is $473,623, compared to $800,000 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, RI is $800,000 (about $362 per square foot).
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