Is Richmond Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond Hill is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Richmond Hill has remained a Seller's Market.

Key Takeaway

Richmond Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Richmond Hill, GA cost?

Median Sold Price

$275,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$25,040(+10.0%)

Key Takeaway

Homes in Richmond Hill have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 -$524.9K
N/A
2 $157K$206K
+31.2%
3 $199.9K$230K
+15.1%
4 $275K$310.5K
+12.9%
5+ $320K$378.4K
+18.3%

Median Sold Price Compared To Nearby Cities

Pooler-Bloomingdale
+12.9%
Savannah
+11.7%
Richmond Hill
+10.0%

How many homes are available in Richmond Hill, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
116109-6.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 10
-100.0%
2 00
0.0%
3 4040
0.0%
4 5748
-15.8%
5+ 1821
+16.7%

Number of Homes Sold

Mar 2022Apr 2022%
3926-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond Hill, you could pay more than the asking price. 84% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
4 Days83 Days+1830.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Richmond Hill are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Richmond Hill, GA

There are 109 homes are for sale in Richmond Hill, GA real estate market. The number of homes for sale in Richmond Hill, GA decreased by 6% between March 2022 and April 2022. In April 2022 median list price was $275,000 and the average listing age was 83 days. Listing prices have changed in this real estate market between March 2022 and April 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 31.2%, prices of 3 bedrooms properties went up by 15.1%, the cost of 4 bedrooms properties went up by 12.9%, prices of 5 bedrooms properties went up by 18.3%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 100%, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 15.8% less available, the quantity of 5 bedrooms homes went up by 16.7%. While more than 21 listings in Richmond Hill, GA in April 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 2 were sold below.

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