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 Sep 2026
Richmond favors sellers and competition is intensifying. Here's the picture:
Based on 171 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through September 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 $580K — down 13% from $670K in October 2021. Over that stretch, the median peaked at $739K in June 2022 and bottomed at $580K in September 2026. That puts today's price about 11% below the area's 5-year average of $649K. 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 $3,095 today, up 35% from $2,300 in October 2021. Most of that increase comes from mortgage rates (3.1% then vs. 7.0% now), not prices — at October 2021 rates, today's median would run about $1,991/mo.
Seasonally, the three months ending in October have been the busiest stretch for closings in Richmond over the past 5 years (about 213 sales in that window on average, vs. 156 for the stretch ending in February), while competition has run hottest in the stretch ending in June (59% of homes selling over asking on average). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
Richmond favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.
At $580K, Richmond's median sits about 67% below the Bay Area average of $1.77M. 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 currently favors sellers:
Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.
At $580K with 20% down at 7.4%, your estimated total monthly cost is approximately $3,998:
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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