North Richmond currently leans toward sellers, with the market gauge indicating a seller's market. However, conditions are less intense than in prior periods. Months of supply has climbed to 6.4, well above a year ago, giving buyers more options even as sellers still hold an edge.
Looking at a rolling three-month view through May 2026, home values and pricing show mixed signals. The typical home value is about 8 percent lower than a year earlier, and the median list price is down more than 12 percent year over year. At the same time, the average sale-to-list ratio has edged above 104 percent, and about two-thirds of recent sales closed above asking, highlighting that well-priced homes still attract strong offers.
Activity levels have shifted notably compared with last year. Active listings are up roughly a quarter year over year, while homes sold have fallen by more than 20 percent, and median days on market have surged to about six weeks from just a few days a year ago. Pending sales, though still relatively low in number, are up sharply compared with last year, suggesting more buyers are re-engaging as inventory builds. Whether you are a buyer trying to time your move or a seller aiming to stand out in these changing conditions, Agent Pronto can connect you with a local agent who understands the North Richmond market.
