$10,000 Closing Credit*
$1,388,000
2,141 SqFt
3 Beds
•1 Full Bath, 1 Partial
#424080627, Alden P Wong, Listing Office: Compass
Is The Richmond District, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, The Richmond District has remained a Seller's Market.
Key Takeaway
The Richmond District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Richmond District, CA
How much do homes in The Richmond District, CA cost?
Median Sold Price
$1,806,750
$917/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$106,750(+6.3%)
Key Takeaway
Homes in The Richmond District have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in The Richmond District was $1,806,750 in October 2024, up 6.3% from last year, and the median price per square foot was $917.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $721.6K | $749K | +3.8% |
| 2 Bedrooms | $1.2M | $1.2M | +2.6% |
| 3 Bedrooms | $1.7M | $1.6M | -2.9% |
| 4 Bedrooms | $2.1M | $2.0M | -6.5% |
| 5+ Bedrooms | $2.2M | $2.4M | +12.1% |
Summary: The Richmond District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake District | $2.0M | $2.5M | +28.2% |
| Northwest | $1.7M | $1.8M | +6.4% |
| The Richmond District | $1.7M | $1.8M | +6.3% |
| Central Richmond | $1.6M | $1.7M | +4.6% |
Housing Supply in The Richmond District, CA
How many homes are available in The Richmond District, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 130 | -6.5% |
Summary: The The Richmond District real estate market had 130 homes for sale in October 2024, a 6.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 48 | 42 | -12.5% |
Summary: The The Richmond District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 38 | +40.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Richmond District, you could pay more than the asking price. 71.1% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in The Richmond District in October 2024, up by 40.7% month-over-month. Of the 38 sold homes, 24% were sold under asking, 5% were sold at asking, and 71% were sold over asking.
Days on Market for The Richmond District, CA
How long does it take to sell a home in The Richmond District, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -18.6% |
Summary: Homes in The Richmond District had an average of 27 days on market in Oct 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Richmond District are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in The Richmond District; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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