Richmond Real Estate
Welcome to Richmond, Rhode Island Real Estate
Richmond's Thriving Market: What Buyers and Sellers Need to Know
Understanding Key Market Metrics
The Richmond, Rhode Island real estate market is dynamic, and understanding key metrics is crucial for both buyers and sellers. Currently, the Months Supply of Inventory stands at 3.09, indicating the balance between supply and demand. [cite: 278, 292] A lower number like this typically signals a seller's market, where there are more buyers than available properties. [cite: 279, 293] This is further supported by a 12-Month Change in Months of Inventory, which has decreased by 16.49%, suggesting a market becoming more competitive. [cite: 280, 294, 295] The Median Days Homes Are On The Market is only 22 days, reflecting the high demand and quick pace of sales. [cite: 282, 296, 297] For sellers, this means properties are selling quickly and likely at favorable prices. Buyers need to be prepared to act fast.
Richmond's Home Values and Sales Trends
Current Market Snapshot
Richmond's real estate market shows significant appreciation. The Median Estimated Home Value in Richmond is $509K, with a 10.2% increase over the last 12 months and a 16.53% increase over the last 24 months. [cite: 523, 524, 525, 526] This upward trend indicates a strong return on investment for homeowners. The Median Sales Price is $421K, showing a substantial 32.23% increase over the last month. [cite: 530] The Median List Price is even higher at $950K, with a 66.7% increase over the last month and a 58.33% increase over the last 12 months. [cite: 531] These figures highlight the increasing desirability and value of properties in Richmond.
New Listings and Market Activity in Richmond
Explore Current Opportunities
There are several new listings in Richmond, offering a variety of options. Recent new listings include properties at 500 Kingstown Rd, 7 Fern Rdg, and 3 White Hawk Rdg, with prices ranging from $329,000 to $1,900,000. [cite: 539, 545, 556, 557, 326, 333, 343, 344] These listings feature various property types, including condos, townhomes, and single-family homes, with different amenities and features. For example, some properties offer luxury living with access to amenities like golf courses, pools, and spas, while others provide a more traditional family home setting. [cite: 545, 546, 547, 548, 549, 550, 551, 552, 588, 589, 590, 591, 592, 593, 594, 595, 362, 363, 364, 365, 366, 367, 368, 369, 370]
Richmond, Rhode Island: A Closer Look at the Neighborhood
Community and Lifestyle
Richmond is more than just a place to live; it's a community. The median estimated home value in Richmond is $509K, and the town has seen a 10.2% increase in estimated home values over the past 12 months. [cite: 786] The median list price is $950K, reflecting the area's desirability. [cite: 786] Richmond boasts a median home age of 39 years, with 77% of residents owning their homes. [cite: 786] The town also demonstrates strong community engagement, with significant values in building permits issued. [cite: 786]
Contact Juli McIntosh Today
For expert guidance in the Richmond real estate market, contact me today.
Juli McIntosh
Realtor, RE/MAX Advantage Group
Rhode Island Real Estate License: RES.0044817
Work: (401) 954-4880 | Fax: (401) 921-2553
Email: mcintoshmakeithappen@gmail.com
Website: https://juli-mcintosh.remax.com/
Most Popular
101 Kingstown Road
$589,900
Most Expensive
1172 Main Street
$1,350,000
Least Expensive
464 Gardiner Road
$89000
Richmond Listings Summary
Richmond - Town vs. County Stats
Avg Price in Richmond: $771,700 / County Avg $724,600
106%
Avg Taxes in Richmond: $6,600 / County Avg $7,800
84%
Avg Sq. Ft. in Richmond: 1,732 / County Avg 2,074
83%
Avg Price per/sqft in Richmond:$446 / County Avg $349
128%
Avg Year Built in Richmond: 1984 / County Avg 1994
99%
Avg Days on Website in Richmond: 86 / County Avg 35
246%
Richmond Real Estate Market Health
New Listings
Reductions
Foreclosures
Short Sales
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the
