Richmond Real Estate Market

Richmond Market

The median sale price for homes in Richmond over the last 12 months is $99,900.


The median mortgage debt is $186,351.

Additional Statistics for Single Family Homes and Condos in Richmond, IL
$194,080
Median Listing Price
263
Median Days on Market
33
Active Listings
27.3%
Distressed Listings
(foreclosures and short sales)
Richmond, IL Price Trends - Sold vs. Listed
The median list price in May for single family homes in Richmond is $224,990. The list prices increased by 1.58% from the previous month.

The price per square foot for listings in this area is $134.

The median sale price in December for single family homes is $198,000.

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Richmond, IL Market Inventory Trends

The number of active listings in Richmond increased by 3.8% from the previous month.

The median number of days active properties have been listed is 259. This is much longer than the national average.

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Richmond, IL Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.