DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Jul 2026
Richmond is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:
Based on 194 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through July 2026
See how prices, monthly costs, and mortgage rates have moved in Richmond.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
The median sale price in Richmond is $644K — down 6% from $685K in September 2021. Over that stretch, the median peaked at $739K in June 2022 and bottomed at $590K in January 2024. That's right in line with the area's 5-year average of $652K. Each point is the median of a rolling 3-month window of closings, so the curve runs smoother than any single month; the multi-year direction is the signal.
What buyers actually pay has moved more than the sticker price suggests: a typical monthly payment (20% down, principal & interest) is about $3,309 today, up 43% from $2,313 in September 2021. Most of that increase comes from mortgage rates (3.0% then vs. 6.7% now), not prices — at September 2021 rates, today's median would run about $2,174/mo.
Seasonally, the three months ending in August have been the busiest stretch for closings in Richmond over the past 5 years (about 224 sales in that window on average, vs. 156 for the stretch ending in February). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
Richmond is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.
At $644K, Richmond's median sits about 64% below the Bay Area average of $1.80M. Richmond is among the most accessible parts of the Bay Area.
By home type:
Prices in Richmond depend heavily on home type and specific neighborhood. Median sale prices by type:
Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.
Richmond is one of the Bay Area's more competitive markets:
Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.
At $644K with 20% down at 6.71%, your estimated total monthly cost is approximately $4,180:
HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.
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