$9,499 Closing Credit*
$799,900
3,950 SqFt
5 Beds
•4 Full Baths
Ashley Johnson, Listing Office: eXp Realty LLC
Is Richmond Hill, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Richmond Hill, GA
How much do homes in Richmond Hill, GA cost?
Median Sold Price
$430,190
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$30,298(+7.6%)
Key Takeaway
Homes in Richmond Hill have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Richmond Hill was $430,190 in September 2024, up 7.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $684.1K | +280.1% |
| 3 Bedrooms | $310K | $333.6K | +7.6% |
| 4 Bedrooms | $419K | $450K | +7.4% |
| 5+ Bedrooms | $491.2K | $524.4K | +6.8% |
Summary: Richmond Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 280.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in Richmond Hill, GA
How many homes are available in Richmond Hill, GA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 275 | 284 | +3.3% |
Summary: The Richmond Hill real estate market had 284 homes for sale in September 2024, a 3.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 82 | 83 | +1.2% |
| 4 Bedrooms | 121 | 130 | +7.4% |
| 5+ Bedrooms | 63 | 61 | -3.2% |
Summary: The Richmond Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 61 | 51 | -16.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Hill, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Richmond Hill in September 2024, down by 16.4% month-over-month. Of the 50 sold homes, 48% were sold under asking, 36% were sold at asking, and 16% were sold over asking.
Days on Market for Richmond Hill, GA
How long does it take to sell a home in Richmond Hill, GA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 145 Days | 41 Days | -71.9% |
Summary: Homes in Richmond Hill had an average of 41 days on market in Sep 2024, down by 71.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richmond Hill has remained consistent over time.
Summary: During September 2024, 51 homes were sold in Richmond Hill; 6% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.