$2,136 Closing Credit*
$179,900
2,640 SqFt
5 Beds
•2 Full Baths
Andrea Hertzel, Listing Office: Howard Hanna
Is Richmond, NY 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 has remained a Seller's Market.
Key Takeaway
Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richmond, NY
How much do homes in Richmond, NY cost?
Median Sold Price
$320,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,000(+17.6%)
Key Takeaway
Homes in Richmond have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Richmond was $320,000 in October 2024, up 17.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | - | N/A |
| 2 Bedrooms | $190K | $258.5K | +36.1% |
| 3 Bedrooms | $282.5K | $332.4K | +17.7% |
| 4 Bedrooms | $225K | $322.4K | +43.3% |
| 5+ Bedrooms | $275K | $668.7K | +143.2% |
Summary: Richmond 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 36.1%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes increased by 143.2%.
Median Sold Price Compared To Nearby Cities
| Richmond | $272K | $320K | +17.6% |
| Honeoye | $275.8K | $310K | +12.4% |
| Bristol | $252.5K | $260K | +3.0% |
Housing Supply in Richmond, NY
How many homes are available in Richmond, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Richmond real estate market had 12 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Richmond 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 66.7%, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Richmond in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Richmond, NY
How long does it take to sell a home in Richmond, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 7 Days | -68.8% |
Summary: Homes in Richmond had an average of 7 days on market in Oct 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
3 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 Richmond are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Richmond; 100% 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.
