How much do homes in Richmond, IL cost?

Median List Price

$151,450

Based on all homes listed in the last 12 months.

Difference Since May 2020

-$43,500(-22.3%)

Key Takeaway

The list price of homes in Richmond has decreased by 22.3% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $73.4K$78K+6.2%
2 $94.9K$110K+15.9%
3 $221K$244.9K+10.8%
4 $264.9K$279K+5.3%
5+ $220K$285K+29.5%

Median List Price Compared To Nearby Cities

Bloomfield
+25.0%
Richmond Township
+14.5%
Richmond
-22.3%

How many homes are available in Richmond, IL?

Number of Homes For Sale

Apr 2021May 2021%
1514-6.7%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 660.0%
2 32-33.3%
3 440.0%
4 220.0%
5+ 000.0%

Asking Price vs. Sold Price

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Average Listing Age

May 2020May 2021%
160 Days89 Days-44.1%

Breakdown of Home Sale Times

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About Richmond, IL

Number of homes for sale in Richmond, IL real estate market have reached 14.

In May 2021 median list price was $151,450 and the average listing age was 89 days.

Listing prices have changed in this real estate market between April 2021 and May 2021: 1 bedroom properties prices increased by 6.2%, 2 bedrooms properties prices increased by 15.9%, prices of 3 bedrooms properties went up by 10.8%, prices of 4 bedrooms properties increased by 5.3%, 5 bedrooms properties prices increased by 29.5%.

The inventory of homes for sale in Richmond, IL between April 2021 and May 2021 decreased by 6.7%.

Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes became 33.3% less available, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes remained the same.

In May 2021, from all listings sold in Richmond, IL there were more than 1 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.

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