$5,284 Closing Credit*
$445,000
1,743 SqFt
4 Beds
•2 Full Baths
Silas Pierpont Hale, Listing Office: Ridgeline Real Estate
Is Richmond, VT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, VT
How much do homes in Richmond, VT cost?
Median Sold Price
$552,500
$306/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$128,000(+30.2%)
Key Takeaway
Homes in Richmond have sold for 30.2% more than they did a month ago.
Summary: The median home sold price in Richmond was $552,500 in November 2024, up 30.2% from last month, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $469K | $552.5K | +17.8% |
| 3 Bedrooms | $545K | $495K | -9.2% |
| 4 Bedrooms | $380K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Richmond housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bolton | $165K | $710K | +330.3% |
| Hinesburg | $471K | $1.1M | +145.2% |
| Williston | $377.5K | $572.5K | +51.7% |
| Richmond | $424.5K | $552.5K | +30.2% |
Housing Supply in Richmond, VT
How many homes are available in Richmond, VT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Richmond real estate market had 10 homes for sale in November 2024, a 9.1% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richmond 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 20%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 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. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Richmond in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Richmond, VT
We’re sorry, we don't have information for this market at the moment
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