Richmond Housing Market Report – June 2026
Here's a look at how the Richmond, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 83
- Median Sale Price: $600,000
- Average Sale Price: $630,099
- Average Price Per Sq Ft: $518
- Average Days on Market: 62
- Sale-to-List Price Ratio: 106.9%
Month-Over-Month Trends
Compared to May, the median sale price in Richmond moved 0.5% up (from $597,000 to $600,000). The number of homes sold was 10.7% up compared to the prior month (75 vs. 83). Average days on market shifted 8.8% up (57 days to 62 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 14.3% down (from $699,990 to $600,000). Sales volume is 16.9% up year-over-year.
What This Means
Richmond's housing market is showing mixed signals as we head into summer. While sales volume jumped 10.7% month-over-month and is up 16.9% year-over-year, it's important to note that prior data collection issues mean we should focus on price trends rather than volume spikes. The more telling story is that median prices are down 14.3% annually, dropping from $699,990 to $600,000. This suggests the market has cooled considerably from last year, likely reflecting the lingering effects of higher interest rates that have dampened buyer demand since mid-2024.
On the positive side, homes are selling above list price with a 106.9% sale-to-list ratio, indicating some residual buyer interest and competitive conditions among active properties. Single-family homes dominate the market at 65 of 83 sales, and the $518 per square foot price point remains relatively affordable for the Bay Area. However, the uptick in days on market from 57 to 62 days suggests properties are taking longer to sell, which aligns with typical June seasonality but also reflects the broader inventory overhang—with 245 active listings, sellers have less negotiating power than they did a year ago.
Richmond Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94804 | 40 | $547,777 | $538 | 71 |
| 94801 | 16 | $542,500 | $402 | 78 |
| 94805 | 15 | $672,000 | $676 | 33 |
| 94803 | 6 | $720,500 | $410 | 50 |
| 94806 | 6 | $789,000 | $404 | 58 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 65 | $641,000 | $552 |
| TOWNHOMES | 7 | $515,000 | $348 |
| MULTI_FAMILY | 5 | $605,400 | $358 |
| CONDOS | 4 | $512,500 | $454 |
| CONDO | 1 | $435,000 | $501 |
| LAND | 1 | $225,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 3 |
| $300K - $399K | 8 |
| $400K - $499K | 8 |
| $500K - $749K | 41 |
| $750K+ | 23 |
Current Active Listings
As of this report, there are 245 active listings in Richmond with a median asking price of $599,000 and an average of 92 days on market.
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