Richmond, CA Home Values & Market Trends
Real estate market trends reflect that there have been 933 transactions over the past year in Richmond. The median value for residential home transactions that occurred over the previous year is $650,424.9. The number of current listings in Richmond is 74, and the percentage of properties for sale in the city is 74.00%. Richmond, CA currently has 109 properties in foreclosure, 8 bank owned properties, 19 properties headed for auction, and 74 properties for sale.
Richmond, CA Real Estate Market Overview
Housing Market Summary for Richmond, CA
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $660K | $616.4K | -6.60% |
Median Sold Price | $663.1K | $616.4K | -7.04% |
Homes For Sale | 39 | 63 | 61.54% |
Homes Sold | 820 | 821 | 0.12% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Richmond, CA
Richmond home values range from $122,184 to $3,684,240. The median estimated value of a home in Richmond is $650,424.9. The median list price of a home is 647,000, and the total count of properties in the city is 30,241.
- Pre-ForeclosurePre-foreclosure homes account for 0.27% of all residential properties in Richmond, CA with 94804 containing 33 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Richmond, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,050,250 in 94805 to the lowest home value of $414,750 in 94801.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Richmond, CA ranges from the highest value of $569,000 in 94805 to the lowest value of $358,100 in 94801. Bank owned homes and properties account for 0.03% of properties in Richmond, CA. There are 3 zips within Richmond, CA; 94804 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions94804 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Richmond, CA. Auction homes and other auction properties account for 0.06% of all properties in Richmond, CA. There are 3 zips within Richmond, CA; of those zips, the median estimated home value for homes going to auction ranges from $716,500 in 94805 to the lowest value of $416,000 in 94805.
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Guide for Richmond, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
Richmond’s real estate market shows consistent growth, with trends indicating increasing property values and demand.
This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.