Home Values

Richmond Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$324,500

  • 17.8% 1-year change
  • 7.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in Richmond is $324,500. Richmond home values have gone up 17.8% over the past year and Zillow predicts they will rise 7.4% within the next year. The median list price per square foot in Richmond is None.

Foreclosures will be a factor impacting home values in the next several years. In Richmond 2.0 homes are foreclosed (per 10,000). This is greater than the San Francisco Metro value of 1.3 and also lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Richmond is 4.9%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Richmond homeowners underwater on their mortgage is 16.2%, which is higher than San Francisco Metro at 6.1%.

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Relative ZHVI
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Richmond Market Overview

Data through May 31, 2015
  • $324,500 ZHVI
  • 7.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $330,450 Median sale price
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Richmond Market Health

Data through May 31, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 16.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.9% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 homes Richmond
1.3 homes San Francisco Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Tiburon $1,942,000
Kensington $837,800
Berkeley $830,700
Name Median ZHVI
Albany $745,600
El Cerrito $628,400
Hercules $416,600
Name Median ZHVI
El Sobrante $395,000
Pinole $374,300
San Pablo $264,000

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $283 Median sale price / sq ft
  • No data Listings with price cut
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Richmond Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,955 Richmond
    $3,198 San Francisco Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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