Richmond Housing Market Report – May 2026
Here's a look at how the Richmond, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 75
- Median Sale Price: $597,000
- Average Sale Price: $650,681
- Average Price Per Sq Ft: $502
- Average Days on Market: 57
- Sale-to-List Price Ratio: 105.6%
Month-Over-Month Trends
Compared to April, the median sale price in Richmond moved 3.3% down (from $617,500 to $597,000). The number of homes sold was 6.2% down compared to the prior month (80 vs. 75). Average days on market shifted 3.4% down (59 days to 57 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 2.9% down (from $615,000 to $597,000). Sales volume is 11.8% down year-over-year.
What This Means
Richmond's housing market is cooling noticeably as we head into summer. The median price dipped 3.3 percent month-over-month to $597,000, continuing a gentle downward trend we're seeing year-over-year as well. While sales volume dropped 6.2 percent to 75 homes, the more telling indicator is that homes are spending slightly less time on the market—57 days versus 59 last month—suggesting inventory is moving, just at a slower pace. The strong sale-to-list ratio of 105.6 percent shows sellers still have some negotiating power, but that advantage is narrowing compared to earlier in the year.
The real story here is the growing inventory imbalance. With 216 active listings on the market compared to just 75 sales, buyers have genuine options for the first time in a while. Properties are sitting about 98 days before finding a buyer, which is substantially longer than sold homes' 57-day average. This inventory overhang, combined with the slight median price decline, suggests we're moving toward a more balanced market—better news for buyers than sellers right now.
Richmond Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94804 | 33 | $597,000 | $508 | 58 |
| 94801 | 20 | $460,000 | $420 | 72 |
| 94805 | 14 | $830,000 | $623 | 45 |
| 94806 | 5 | $720,000 | $421 | 54 |
| 94803 | 3 | $775,500 | $486 | 40 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 51 | $700,000 | $530 |
| CONDOS | 13 | $450,000 | $467 |
| MULTI_FAMILY | 3 | $930,000 | $520 |
| LAND | 3 | $200,000 | N/A |
| OTHER | 2 | $1,335,000 | $241 |
| TOWNHOMES | 2 | $427,500 | $311 |
| CONDO | 1 | $346,500 | $409 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 1 |
| $200K - $299K | 3 |
| $300K - $399K | 7 |
| $400K - $499K | 12 |
| $500K - $749K | 25 |
| $750K+ | 26 |
Current Active Listings
As of this report, there are 216 active listings in Richmond with a median asking price of $591,000 and an average of 98 days on market.
Thinking About Selling Your Richmond Home?
If you're a homeowner in Richmond considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Richmond and throughout Contra Costa County — get a no-obligation cash offer today.