$3,266 Closing Credit*
$275,000
1,356 SqFt
4 Beds
•2 Full Baths
Jenny Wemert, Listing Office: WEMERT GROUP REALTY LLC
Is Richmond Heights, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Richmond Heights has remained a Seller's Market.
Key Takeaway
Richmond Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richmond Heights, FL
How much do homes in Richmond Heights, FL cost?
Median Sold Price
$275,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+10.0%)
Key Takeaway
Homes in Richmond Heights have sold for 10% more than they did a year ago.
Summary: The median home sold price in Richmond Heights was $275,000 in November 2024, up 10% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $230K | $218.4K | -5.0% |
| 3 Bedrooms | $258.5K | $275K | +6.4% |
| 4 Bedrooms | $252K | $290K | +15.1% |
| 5+ Bedrooms | $311K | $332K | +6.8% |
Summary: Richmond Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in Richmond Heights, FL
How many homes are available in Richmond Heights, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The Richmond Heights real estate market had 18 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richmond Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Richmond Heights in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Richmond Heights, FL
How long does it take to sell a home in Richmond Heights, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 53 Days | +89.3% |
Summary: Homes in Richmond Heights had an average of 53 days on market in Nov 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Richmond Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Richmond Heights; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.