Question 1

What is the median home price in Richmond, Utah in 2026?

Accepted Answer

As of November 2026, the median home price in Richmond, Utah is $535,000, which is 2.9% above the Utah state median of $520,000. Home prices in Richmond range from $429,000 to $1,349,900, with an average sale price of $561,150. These figures are based on recent closed transactions in the Richmond real estate market.

Question 2

Is Richmond, Utah a buyer's or seller's market?

Accepted Answer

Richmond, Utah is currently a buyer's market. Key indicators include an average sale-to-list price ratio of 98.6% and homes spending an average of 58 days on the market. Richmond’s median home price is roughly 16% below the Utah average and homes stay about 35% longer on market, yet they still close near list price.

Question 3

How long do homes stay on the market in Richmond?

Accepted Answer

Homes in Richmond, Utah spend an average of 58 days on the market before going under contract compared to the Utah state average of 70 days (17.1% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Richmond, Utah?

Accepted Answer

As of November 2026, there are 11 active homes for sale in Richmond, Utah with 10 new listings added recently. In the most recent reporting period, 6 transactions closed in Richmond. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Richmond, Utah?

Accepted Answer

Yes — Richmond currently has 10 new listings recently added to the market, with prices starting from $429,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Richmond is $535,000.

Question 6

How does Richmond compare to the Utah state average?

Accepted Answer

Richmond home prices are 2.9% above the Utah state median of $520,000, with a local median of $535,000. Homes sell faster than the state average — 58 days in Richmond vs 70 days statewide (17.1% below average). The sale-to-list ratio is 98.6% locally vs 98.5% statewide.

Question 7

Are homes in Richmond more expensive than the Utah average?

Accepted Answer

Yes, homes in Richmond are more expensive than the Utah state average. The median home price in Richmond is $535,000, compared to the statewide median of $520,000 — a difference of $15,000 (+2.9%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Richmond than the rest of Utah?

Accepted Answer

Yes, homes in Richmond sell faster than the Utah average. The average days on market in Richmond is 58 days, compared to 70 days statewide (17.1% below average). This faster pace signals strong buyer demand in the area. Overall, Richmond is currently a buyer's market.

Question 9

How have home prices changed in Richmond over the past year?

Accepted Answer

Home prices in Richmond, Utah have increased by 68.5% over the past year. The median sale price went from $350,000 to $589,900. This strong appreciation reflects growing demand in the area. Check the Richmond market trends section above for detailed charts.

Question 10

Is the Richmond housing market heating up or cooling down?

Accepted Answer

The Richmond housing market is currently heating up, with prices up 68.5% year-over-year and days on market decreasing by 66.9%. Overall, it is a buyer's market. Richmond’s median home price is roughly 16% below the Utah average and homes stay about 35% longer on market, yet they still close near list price. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Richmond home prices this time last year?

Accepted Answer

In October 2025, the median home sale price in Richmond, Utah was $350,000. Today, the median is $589,900, representing a change of +68.5% ($239,900 increase). During that same period, the average days on market went from 117 to 39 days.

Question 12

What is the current market outlook for Richmond, Utah?

Accepted Answer

Richmond’s residential market is currently in a cooling phase. The median closed price of $439,900 is 16.2% lower than the Utah statewide median and has dropped sharply—down 59.3% from the previous month—signaling price pressure amid limited buyer activity. Homes are lingering longer, with an average of 87 days on market, about 35% more than the state average, yet the sale‑to‑list ratio stays high at 98.4%, showing that when a buyer does appear, they are still willing to meet near‑list prices. The limited supply (11 active single‑family homes and only 11 transactions in the last three months) further constrains the market.

On the macro side, financing costs are climbing; the 30‑year mortgage rate has risen from 6.38% in March to 6.81% in September, reinforcing the downward pressure on prices. Unemployment is modestly improving, with the national rate slipping from 4.3% to 4.1% and Utah’s steady at 3.6%, but consumer and real‑estate sentiment indices have edged lower, indicating cautious buyer confidence. Combined with the city‑specific guidance that Richmond remains an agricultural‑heritage community with ongoing agent verification, prospective buyers should expect continued price moderation and longer search times, making it a buyer‑friendly window if they can secure financing before rates climb further. Richmond is currently a buyer's market. Richmond’s median home price is roughly 16% below the Utah average and homes stay about 35% longer on market, yet they still close near list price.

Question 13

What are the key highlights of the Richmond housing market?

Accepted Answer

Key highlights of the Richmond, Utah housing market include: Median price fell 59.3% month‑over‑month, now $439,900 versus the state median $524,900.. Days on market rose to 87 days, 35.5% higher than the Utah average of 64 days.. Sale‑to‑list ratio remains strong at 98.4%, indicating buyers are still willing to meet asking prices.. Mortgage rates have risen steadily, with the 30‑year fixed climbing from 6.38% to 6.81% over the past six months.. Inventory is thin: only 11 active single‑family listings and 3 under contract, while only 11 homes closed in the last quarter.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Richmond, Utah?

Accepted Answer

Homes in Richmond, Utah range from $429,000 to $1,349,900, with a median price of $535,000. The standard deviation is $352,658, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What are the best schools in Richmond, Utah?

Accepted Answer

Richmond has 2 schools. The top-rated schools based on state performance scores include: White Pine School (55.3% score), 404 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Richmond schools and nearby homes for sale on Propaired.

Question 16

Are there STEM or specialty schools in Richmond?

Accepted Answer

Yes, Richmond has 1 school with STEM excellence indicators, including White Pine School. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 17

What is the internet quality in Richmond, Utah?

Accepted Answer

Richmond has an average broadband download speed of 2839 Mbps and 13% of homes have access to fiber internet. Top internet providers include Xfinity, Quantum Fiber, Utah Telecommunication Open Infrastructure Agency. This is above average for Utah, supporting remote work and streaming. Residents have an average of 9.3 provider options.

Question 18

Are single-family homes or condos a better investment in Richmond?

Accepted Answer

In Richmond, single-family homes have a median price of $535,000 (+16.3% YoY), while townhomes/condos are $1,600 (-99.5% YoY). SFRs sell in 32 days vs 20 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 19

What is the price per square foot in Richmond?

Accepted Answer

The median price per square foot in Richmond, Utah is $178. The average home size is 2,777 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 20

Is now a good time to buy a home in Richmond, Utah?

Accepted Answer

The 30-year mortgage rate is currently 7.34% and Utah's unemployment rate is 3.6%. Richmond is currently a buyer's market. Prices are rising at 68.5% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 21

When is the best time to buy a home in Richmond?

Accepted Answer

Historically, June offers the most new listings in Richmond, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Homes for Sale in Richmond, Utah

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Internet & Connectivity in Richmond

K-8 & Elementary Schools

North Cache Middle School

White Pine School

Featured Homes in Richmond

$490,000

$719,900

$1,300,000

$529,000

$559,900

$474,900

$429,000

$455,000

$1,100,000

$1,349,900

$529,900

Highlights in Richmond

$529,900

$1,349,900

$1,100,000

$529,000

$455,000

$559,900

$474,900

$1,300,000

$429,000

$490,000

$719,900

Other property types

$699,000

$529,900

$1,100,000

$1,349,900

$529,000

$455,000

$559,900

$474,900

$1,300,000

$429,000

$490,000

$719,900

Property Types in Richmond

Richmond Real Estate FAQ

Frequently Asked Questions About Richmond Real Estate

What is the median home price in Richmond, Utah in 2026?

What is the median home price in Richmond, Utah in 2026?

Is Richmond, Utah a buyer's or seller's market?

Is Richmond, Utah a buyer's or seller's market?

How long do homes stay on the market in Richmond?

How long do homes stay on the market in Richmond?

How many homes are for sale in Richmond, Utah?

How many homes are for sale in Richmond, Utah?

Are there new construction homes for sale in Richmond, Utah?

Are there new construction homes for sale in Richmond, Utah?

How does Richmond compare to the Utah state average?

How does Richmond compare to the Utah state average?

Are homes in Richmond more expensive than the Utah average?

Are homes in Richmond more expensive than the Utah average?

Do homes sell faster in Richmond than the rest of Utah?

Do homes sell faster in Richmond than the rest of Utah?

How have home prices changed in Richmond over the past year?

How have home prices changed in Richmond over the past year?

Is the Richmond housing market heating up or cooling down?

Is the Richmond housing market heating up or cooling down?

What were Richmond home prices this time last year?

What were Richmond home prices this time last year?

What is the current market outlook for Richmond, Utah?

What is the current market outlook for Richmond, Utah?

What are the key highlights of the Richmond housing market?

What are the key highlights of the Richmond housing market?

What is the price range for homes in Richmond, Utah?

What is the price range for homes in Richmond, Utah?

What are the best schools in Richmond, Utah?