Is Richmond, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
Since last year, Richmond has remained a Seller's Market.
How much do homes in Richmond, MI cost?
Median Sold Price
$225,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2021
Median Sold Price By Bedroom Count
# BEDS | Apr 2021 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | $99.9K | - | N/A |
2 Bedrooms | $170K | $182.3K | +7.3% |
3 Bedrooms | $193.1K | $233.7K | +21.0% |
4 Bedrooms | $267K | $243K | -9.0% |
5+ Bedrooms | $258.4K | $246K | -4.8% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Columbus Township | +30.3% |
Richmond | +16.6% |
How many homes are available in Richmond, MI?
Number of Homes For Sale
Mar 2022 | Apr 2022 | % |
---|---|---|
22 | 24 | +9.1% |
Homes For Sale By Bedroom Count
# BEDS | Mar 2022 | Apr 2022 | % |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
Mar 2022 | Apr 2022 | % |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Average Sale Time
Apr 2021 | Apr 2022 | % |
---|---|---|
22 Days | 6 Days | -71.7% |
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days