$8,609 Closing Credit*
$725,000
3,482 SqFt
5 Beds
•2 Full Baths, 1 Partial
Chandie W. Hupman, Listing Office: Keller Williams Coastal Area P
Is Richmond Hill, GA 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, Richmond Hill has remained a Seller's Market.
Key Takeaway
Richmond Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richmond Hill, GA
How much do homes in Richmond Hill, GA cost?
Median Sold Price
$434,916
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,346(+9.1%)
Key Takeaway
Homes in Richmond Hill have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Richmond Hill was $434,916 in October 2024, up 9.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $290K | N/A |
| 2 Bedrooms | $178.5K | $458.3K | +156.8% |
| 3 Bedrooms | $310K | $338.9K | +9.4% |
| 4 Bedrooms | $419K | $450.1K | +7.4% |
| 5+ Bedrooms | $492.4K | $524.9K | +6.6% |
Summary: Richmond Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 156.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in Richmond Hill, GA
How many homes are available in Richmond Hill, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 278 | 288 | +3.6% |
Summary: The Richmond Hill real estate market had 288 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 82 | 84 | +2.4% |
| 4 Bedrooms | 130 | 128 | -1.5% |
| 5+ Bedrooms | 56 | 67 | +19.6% |
Summary: The Richmond Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 59 | +5.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Hill, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.
Summary: A total of 59 homes were sold or pending in Richmond Hill in October 2024, up by 5.4% month-over-month. Of the 59 sold homes, 32% were sold under asking, 54% were sold at asking, and 14% were sold over asking.
Days on Market for Richmond Hill, GA
How long does it take to sell a home in Richmond Hill, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 26 Days | -56.8% |
Summary: Homes in Richmond Hill had an average of 26 days on market in Oct 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richmond Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 59 homes were sold in Richmond Hill; 5% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024. 
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.