The typical home value in
Richmond West
is projected to be
$670,500
for the month of
March.
February’s
finalized data reported the typical value of a home in the
city
to be
$625,000—down
5.3%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$563,500
in
Miami-Dade County
for the most recent reporting period.
That number is expected to float around
$565,250
in
March.
Richmond West
had
37
new listings and
31
listings that went under contract in
February,
decreasing
the area’s total available inventory to
113—down
0.88%
from the previous month. Inventory is projected to have further
decreased
in
March.
Of those
113
active listings,
17.7%
reduced their price in the month of
February.
The median listing price for homes in
Richmond West
grew
5.01%
from
January
to
February,
bringing the current median listing price to
$629,000.
Based on projected data for
March,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
rose
year-over-year. In
February 2026,
the median time for a listed property to go pending was
84
days, compared to
77
days in
February 2025.
In recent months the median number of days from listed to pending appears to be increasing.
That trend is predicted to have carried through to this
March.
