Monthly market wrap MONTHLY MARKET WRAP Richmond Townhouses · May 2026 Richmond held steady in May: the key market signals were mixed. Median sale price $567K ▼ -11.0% vs Apr Time to pending 16d ▼ 13 days faster vs Apr Sold over asking 50% ▲ +50 pts vs Apr Active listings 21 ▲ +40.0% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Richmond Townhouses · May 2026 Most Richmond townhouses are still selling over asking (50%). Price to invite competition. 99.0% average sale price vs. asking price Sold over asking 50% vs. a year ago -25 pts 103.3% 101.0% 98.7% Sold at asking price 99.0% May 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 Townhouses · May 2026 Richmond townhouses are closing +1.0% below asking. The list price has become a starting point. -$55K median sale price minus asking price Median asking price $622K Median sale price $567K $824K $672K $521K Sold Asking May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Richmond Townhouses · May 2026 Richmond townhouse values dipped -16.7% from a year ago. $567K median sale price Year over year -16.7% Homes sold last month 2 $713K $606K $499K $567K Feb 2019 Oct 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Richmond Townhouses · May 2026 The typical Richmond townhouse goes pending in 16 days, 50 days faster than last year. 16 days median time to pending Gone within two weeks 40% vs. a year ago 50 days faster 190d 127d 63d 16d May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Richmond Townhouses · May 2026 Richmond inventory is up 40.0% year over year, so sellers have more competition. 21 active listings Year over year +40.0% Months of supply 10.5 18 14 10 21 May 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 Townhouses · May 2026 Price cuts are rare in Richmond: just 14% of listings reduced their asking price, down 12 pts from a year ago. 14% of active listings cut their asking price vs. a year ago -12 pts Active listings 21 36% 27% 18% 14% May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Richmond Townhouses · May 2026 Richmond moves at two speeds: 40% of townhouses were gone inside two weeks while the rest sat longer. 40% of listings went pending within two weeks Median time to pending 16 days vs. a year ago -10 pts 41% 25% 9% Half of listings 40% May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Richmond Townhouses · May 2026 January is historically Richmond's calmest month for buyers: 5.1 pts less over-asking than May. January historically the calmest month for buyers Buyer's edge vs May -5.1 pts Years of Redfin data 10+ Yearly average J F M A M J J A S O N D -2.3 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 Townhouses · May 2026 Richmond townhouse values are up +7% over the past 10 years. +7% median sale price growth since 2016 Median price in 2016 $530K Average gain per year +0.7% $621K $507K $393K $567K Jan 2016 Mar 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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