Richmond, MI Real Estate Market Summary – September 8, 2026
In Richmond, MI, the real estate market has seen a total of 10 homes sold in the past 30 days, averaging a pace of 1 every 3 days. The average living area of the homes sold is approximately 1,915 square feet, with a median sale price of $262,250.
| Metric | 30 Days |
|---|---|
| Number Sold | 10 |
| Sold Per Day | 1 every 3.00 days |
| Average SQFT | 1915 |
| Median Sales Price | $262,250 |
| Average Sales Price | $346,900 |
| Average Price Per SQFT | $185 |
| Average Days on Market | 18 |
| Average Year Built | 1968 |
Richmond, MI Single Family Home Analysis
For single-family homes, there were 8 sales recorded, with an average living area of about 1,945 square feet. The median price for these homes was $293,750, and they had an average of 21 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 8 |
| Sold Per Day | 1 every 3.75 days |
| Average SQFT | 1945 |
| Median Sales Price | $293,750 |
| Average Sales Price | $381,875 |
| Average Price Per SQFT | $200 |
| Average Days on Market | 21 |
| Average Year Built | 1962 |
Richmond, MI Condo & Townhome Analysis
In the condo and townhome segment, 2 properties were sold, both with an average living area of 1,793 square feet. These homes had a median sale price of $207,000, and they were on the market for an average of 10 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 2 |
| Sold Per Day | 1 every 15.00 days |
| Average SQFT | 1793 |
| Median Sales Price | $207,000 |
| Average Sales Price | $207,000 |
| Average Price Per SQFT | $125 |
| Average Days on Market | 10 |
| Average Year Built | 1992 |
Buyer & Seller Analysis
- Pace of home sales is 1 every 3 days.
- Average days on market for all homes is 18.
- Median sale price for single-family homes is $293,750.
- Condo and townhome homes have a median price of $207,000.
Conclusion
Overall, the Richmond, MI real estate market shows a consistent pace of home sales across different segments. With varying median prices, buyers have options in both single-family and condo markets.