Richmond, RI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Richmond, RI is $675,000, up 60.5% year-over-year. Homes sell in an average of 29 days with 9 active listings. The market is currently a strong seller's market.
$675,000median sale price
Is Richmond a buyer's or seller's market?
Richmond, RI is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
29
Average pace
Active listings
9
1.8 months supply
Sale-to-list
101.1%
Above asking
Richmond, RI market data
| Metric | Value |
|---|---|
| Median sale price | $675,000 |
| Median list price | $530,000 |
| Year-over-year price change | +60.5% |
| Average days on market | 29 days |
| Active inventory | 9 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 101.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated weekly
The Richmond housing market is currently classified as a strong seller's market with a median sale price of $675,000. Prices have risen 60.5% compared to last year, with homes spending an average of 29 days on market, indicating 1.8 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 9 homes listed for sale in Richmond, Rhode Island. The median listing price is $530K.
Active listings
9
Homes on market
Median list price
$530K
Avg. days on market
29
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 $675,000, up 60.5% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 29 days on market before going under contract.
Is Richmond a buyer's or seller's market?
With 1.8 months of supply, Richmond is currently a strong seller's market.
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