Park Plaza, Richmond Housing Market · 2026

Data through Jul 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

Park Plaza, Richmond Market Snapshot

Park Plaza 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 6 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through July 2026

SalesWhat are homes selling for?
Median Sale Price
$548K
Down 2.2% from July 2025
Down $12K from July 2025
Homes Sold
6
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$3,585/mo
6.71% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$2,831
  • Property Tax$571
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
9 days
30 fewer days than in July 2025
Homes sell in a week or two
Sale-to-List Ratio
105.8%
Up from 104.1% in July 2025
Selling 6% above asking
% Sold Over Asking
66%
66% of homes sold above their asking price
Active Listings
3
Down 35.7% from July 2025
About 1.6 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Park Plaza.

Median Sale Price
Down 2.2% year-over-year in Park Plaza. Based on 6 sales in the last 3 months.
Homes Sold
Total Monthly Payment
Estimated monthly cost is down 3% from a year ago in Park Plaza, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.71%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Park Plaza, Richmond

Is now a good time to buy in Park Plaza, Richmond?

Park Plaza, 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.

How do Park Plaza, Richmond home prices compare to the Bay Area average?

At $548K, Park Plaza, Richmond's median sits about 70% below the Bay Area average of $1.80M. Park Plaza, Richmond is among the most accessible parts of the Bay Area.

Within Richmond, this area trades about 15% below the city-wide median of $644K.

How competitive is Park Plaza, Richmond for buyers?

Park Plaza, Richmond is one of the Bay Area's more competitive markets:

  • Homes sell about 6% above asking on average
  • 66% close above list price
  • 9 days typical time to go pending
  • 22% of listings have had a price reduction

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

What will my total monthly cost be on a median-priced Park Plaza, Richmond home?

At $548K with 20% down at 6.71%, your estimated total monthly cost is approximately $3,585:

  • $2,831 principal and interest
  • $571 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
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.”
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