Monthly market wrap MONTHLY MARKET WRAP Richmond Single-family homes · May 2026 The Richmond market tilted hotter in May: most key signals moved the seller's way. Median sale price $745K ▲ +14.6% vs Apr Time to pending 15d even with Apr Sold over asking 67% ▼ -1 pts vs Apr Active listings 69 ▼ -10.4% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Richmond Single-family homes · May 2026 Most Richmond SFHs are still selling over asking (67%). Price to invite competition. 107.4% average sale price vs. asking price Sold over asking 67% vs. a year ago +10 pts 104.9% 103.0% 101.1% Sold at asking price 107.4% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Richmond Single-family homes · May 2026 Richmond SFHs are closing +7.4% above asking. The list price is the floor, not the ceiling. +$124K median sale price minus asking price Median asking price $622K Median sale price $745K $715K $650K $585K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Richmond Single-family homes · May 2026 Richmond SFH values are climbing, up +19.7% in a year. $745K median sale price Year over year +19.7% Homes sold last month 51 $764K $668K $573K $745K Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Richmond Single-family homes · May 2026 The typical Richmond SFH goes pending in 15 days, 3 days faster than last year. 15 days median time to pending Gone within two weeks 36% vs. a year ago 3 days faster 35d 23d 12d 15d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Richmond Single-family homes · May 2026 Richmond inventory is down 53.7% year over year, keeping buyer choice tight. 69 active listings Year over year -53.7% Months of supply 1.4 139 110 80 69 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Richmond? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Richmond Single-family homes · May 2026 1 in 4 Richmond listings cut its asking price last month. 28% of active listings cut their asking price vs. a year ago -2 pts Active listings 69 27% 23% 18% 28% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Richmond Single-family homes · May 2026 Richmond moves at two speeds: 36% of SFHs were gone inside two weeks while the rest sat longer. 36% of listings went pending within two weeks Median time to pending 15 days vs. a year ago +3 pts 44% 34% 24% Half of listings 36% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Richmond Single-family homes · May 2026 January is historically Richmond's calmest month for buyers: 4.4 pts less over-asking than May. January historically the calmest month for buyers Buyer's edge vs May -4.4 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.8 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Richmond Single-family homes · May 2026 A Richmond SFH bought in 2016 has gained +76% in value since. +76% median sale price growth since 2016 Median price in 2016 $424K Average gain per year +5.8% $685K $583K $481K $745K May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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