Is Richmond Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond Hill is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Richmond Hill was a Seller's Market.

Key Takeaway

Richmond Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Richmond Hill, GA

How much do homes in Richmond Hill, GA cost?

Median Sold Price

$436,137

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,201(+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 $436,137 in November 2024, up 9.1% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$290K
N/A
2 $555K$229K
-58.7%
3 $312.4K$340K
+8.8%
4 $419.9K$450K
+7.1%
5+ $500K$525.4K
+5.1%

Summary: Richmond Hill 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 58.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 5.1%.

Housing Supply in Richmond Hill, GA

How many homes are available in Richmond Hill, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
282276-2.1%

Summary: The Richmond Hill real estate market had 276 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 87
-12.5%
3 8484
0.0%
4 125115
-8.0%
5+ 6470
+9.4%

Summary: The Richmond Hill 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6238-38.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond Hill, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Richmond Hill in November 2024, down by 38.7% month-over-month. Of the 38 sold homes, 45% were sold under asking, 37% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
176 Days90 Days-48.6%

Summary: Homes in Richmond Hill had an average of 90 days on market in Nov 2024, down by 48.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Richmond Hill are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 38 homes were sold in Richmond Hill; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from Savannah Multi-List Corporation, Georgia MLS, Hinesville & Liberty County Multilist, and First Multiple Listing Service Inc. for the period 12/01/2022 - 12/01/2024

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2024 Savannah Multi-List Corporation. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Copyright Hinesville Area Association of REALTORS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:16:09 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX 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. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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