Richmond Housing Market Report – March 2026
Here's a look at how the Richmond, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 53
- Median Sale Price: $660,000
- Average Sale Price: $820,602
- Average Price Per Sq Ft: $519
- Average Days on Market: 56
- Sale-to-List Price Ratio: 105.2%
Month-Over-Month Trends
Compared to February, the median sale price in Richmond moved 7.1% up (from $616,500 to $660,000). The number of homes sold was 3.6% down compared to the prior month (55 vs. 53). Average days on market shifted 18.8% down (69 days to 56 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 1.5% up (from $650,000 to $660,000). Sales volume is 25.4% down year-over-year.
What This Means
Richmond's housing market is showing mixed signals this March, with sellers gaining some ground while overall activity remains sluggish. The median price jumped 7.1% month-over-month to $660,000, and homes are now selling above asking at a 105.2% ratio—a seller-friendly dynamic that's refreshing for a market that's been under pressure. The fact that days on market dropped nearly 19% suggests spring seasonality is kicking in, with buyers emerging as weather improves. However, year-over-year data tells a different story: median prices are up just 1.5% while sales volume has cratered 25.4%, indicating this isn't a robust recovery but rather a seasonal bounce in a fundamentally slower market.
The gap between median and average prices—$660,000 versus $820,602—hints that luxury sales are propping up averages while typical homes sit lower in the mix. With 171 active listings at a median asking price of $540,000, there's a significant inventory-demand mismatch. Sellers seem optimistic, but the extended DOM on active listings suggests they may be overpriced relative to what this market can absorb. For buyers, Richmond remains a buyer's market beneath the surface; for sellers, it's a moment to capitalize on spring momentum before the next wave of rate hikes potentially cools things further.
Richmond Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94804 | 20 | $679,455 | $561 | 44 |
| 94801 | 16 | $576,500 | $489 | 64 |
| 94806 | 9 | $800,000 | $443 | 59 |
| 94805 | 7 | $918,000 | $594 | 68 |
| 94803 | 1 | $3,200,000 | $327 | N/A |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 39 | $660,000 | $506 |
| CONDOS | 7 | $564,000 | $480 |
| MULTI_FAMILY | 3 | $2,050,000 | $906 |
| TOWNHOMES | 3 | $710,000 | $454 |
| OTHER | 1 | $3,200,000 | $327 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 3 |
| $400K - $499K | 5 |
| $500K - $749K | 25 |
| $750K+ | 20 |
Current Active Listings
As of this report, there are 171 active listings in Richmond with a median asking price of $540,000 and an average of 109 days on market.
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