Over the past year, typical home values in Richmond have dropped about 22.64 percent, landing around $550,000. Inventory has also thinned out, down roughly 42.86 percent year over year to just 16 homes on the market. New listings are lower too, falling about 14.89 percent compared with last year.
In March 2026, homes in Richmond were typically listed around $562,500, with properties spending a fast 13 days on the market. Even with softer prices month over month, about 52 percent of recent sales closed above the asking price, and the average sale-to-list ratio was a strong 1.035, showing buyers are still bidding up desirable homes.
Looking ahead to April 2026, typical home values are projected to ease slightly to about $545,870, and the median list price is expected to dip toward $545,025, with inventory edging down to around 15 listings. Compared with the broader Portland area, where typical values are near $523,862 and projected to move to about $538,294, Richmond sits a bit higher in price but is clearly in a seller’s market based on current demand. Whether you are a buyer working through limited choices or a seller navigating shifting prices, Agent Pronto can connect you with an agent who understands Richmond and can guide you through your next move.
