Richmond Housing Market Report – July 2026
Here's a look at how the Richmond, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 67
- Median Sale Price: $607,000
- Average Sale Price: $624,615
- Average Price Per Sq Ft: $474
- Average Days on Market: 58
- Sale-to-List Price Ratio: 104.5%
Month-Over-Month Trends
Compared to June, the median sale price in Richmond moved 1.2% up (from $600,000 to $607,000). The number of homes sold was 19.3% down compared to the prior month (83 vs. 67). Average days on market shifted 6.5% down (62 days to 58 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 0.9% down (from $612,500 to $607,000). Sales volume is 6.9% down year-over-year.
What This Means
Richmond's housing market is moving at a measured pace this July, with modest price appreciation but noticeably softer sales activity. The median price climbed to $607,000, up 1.2 percent from June and holding relatively steady year-over-year despite a slight 0.9 percent decline from last July. What's more telling is that homes are selling above asking price on average, with a 104.5 percent sale-to-list ratio, suggesting there's still solid underlying demand even if transaction volume is down. The inventory situation also bears watching, with 280 active listings providing buyers more options than they've had recently, yet many of those properties are lingering for 85 days on average before finding a buyer.
The month-over-month decline in sales volume from 83 to 67 homes warrants some context given recent data collection improvements, but the real story lies in days on market shrinking to 58 days. This indicates homes that do sell are moving faster, pointing to a market where well-priced properties still attract interest fairly quickly. With rates remaining elevated and summer typically being peak season, the slowdown in transaction count likely reflects buyer caution rather than exuberance. Single-family homes continue to dominate sales, and at $474 per square foot, Richmond remains accessible compared to many Bay Area communities, keeping the market grounded despite broader economic headwinds.
Richmond Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94804 | 32 | $549,000 | $515 | 53 |
| 94801 | 14 | $462,500 | $382 | 78 |
| 94803 | 8 | $792,500 | $458 | 56 |
| 94806 | 7 | $615,000 | $354 | 60 |
| 94805 | 6 | $703,500 | $619 | 45 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 42 | $614,500 | $511 |
| CONDOS | 10 | $437,500 | $424 |
| MULTI_FAMILY | 5 | $900,000 | $322 |
| TOWNHOMES | 5 | $646,900 | $446 |
| CONDO | 3 | $407,500 | $476 |
| OTHER | 1 | $825,000 | $322 |
| LAND | 1 | $190,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 2 |
| $200K - $299K | 1 |
| $300K - $399K | 8 |
| $400K - $499K | 13 |
| $500K - $749K | 22 |
| $750K+ | 21 |
Current Active Listings
As of this report, there are 280 active listings in Richmond with a median asking price of $599,000 and an average of 85 days on market.
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