$5,926 Closing Credit*
$499,000
1,361 SqFt
3 Beds
•2 Full Baths
Judy Wolf-Seigel, Listing Office: Coldwell Banker Realty
Is Richmond, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Richmond was a Seller's Market.
Key Takeaway
Richmond is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richmond, FL
How much do homes in Richmond, FL cost?
Median Sold Price
$544,833
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,833(+10.5%)
Key Takeaway
Homes in Richmond have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Richmond was $544,833 in November 2024, up 10.5% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $205K | -4.7% |
| 2 Bedrooms | $280K | $360K | +28.6% |
| 3 Bedrooms | $465K | $520K | +11.8% |
| 4 Bedrooms | $540K | $595K | +10.2% |
| 5+ Bedrooms | $582.5K | $620K | +6.4% |
Summary: Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Fairway Estates | $500K | $567.5K | +13.5% |
| Richmond | $493K | $544.8K | +10.5% |
Housing Supply in Richmond, FL
How many homes are available in Richmond, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 113 | +2.7% |
Summary: The Richmond real estate market had 113 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 50 | 48 | -4.0% |
| 4 Bedrooms | 41 | 41 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Richmond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Richmond in November 2024, down by 40.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 58% were sold at asking, and 8% were sold over asking.
Days on Market for Richmond, FL
How long does it take to sell a home in Richmond, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 42 Days | +60.9% |
Summary: Homes in Richmond had an average of 42 days on market in Nov 2024, up by 60.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Richmond are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Richmond; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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