$4,750,000
13,305 SqFt
12 Beds
#424069536, Louis Cornejo, Listing Office: Urban Group Real Estate
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 August 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
$1,702,000
$924/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$43,562(-2.5%)
Key Takeaway
Homes in The Richmond District have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in The Richmond District was $1,702,000 in August 2024, down 2.5% from last year, and the median price per square foot was $924.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $775K | $710K | -8.4% |
| 2 Bedrooms | $1.3M | $1.2M | -2.3% |
| 3 Bedrooms | $1.6M | $1.6M | -2.6% |
| 4 Bedrooms | $2.1M | $2.0M | -7.1% |
| 5+ Bedrooms | $2.1M | $2.5M | +13.8% |
Summary: The Richmond District housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest | $1.7M | $1.8M | +2.0% |
| Central Richmond | $1.6M | $1.6M | -1.8% |
| The Richmond District | $1.7M | $1.7M | -2.5% |
| Lake District | $2.1M | $2.0M | -5.3% |
Housing Supply in The Richmond District, CA
How many homes are available in The Richmond District, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 101 | 94 | -6.9% |
Summary: The The Richmond District real estate market had 94 homes for sale in August 2024, a 6.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 26 | 20 | -23.1% |
| 5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The The Richmond District housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Richmond District, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in The Richmond District in August 2024, down by 17.2% month-over-month. Of the 24 sold homes, 58% were sold under asking, 0% were sold at asking, and 42% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 22 Days | 14 Days | -37.8% |
Summary: Homes in The Richmond District had an average of 14 days on market in Aug 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 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 August 2024, 24 homes were sold in The Richmond District; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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