7 new real estate properties in Richmond, California have been added to Ofirio in the last 7 days.
Of those new properties:
Richmond, California has a high demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 48% higher than than the list price. The demand for luxury real estate is lower than the demand for “Under $300k” real estate by 1%. Homes in Richmond, California are on the market for 30 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the No HOA segment and it is 138% ($161,158) more than the week prior.
The average closing price for real estate in Richmond California has grown by 34% from the last week, which amounted to $786,848.
As of December 2022 Richmond, CA is a seller market which means homes sell faster at a higher price. In December 2022, 8 homes (27.6%) sold at asking price, 13 homes (44.8%) sold below asking price, and 8 homes (27.6%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price decreased by 9.2% from $650,000 in December 2021 to $590,000 in December 2022. The number of homes sold in Richmond, CA has decreased by 65.3% over the last year from 75 in December 2021 to 26 homes in December 2022.
Homes in Richmond, CA have sold for 8.1% less per ft² than they did a year ago. As of December 2022 the average price per square foot is $482.