How much does it cost to buy a house in Richmond, MI?

In July 2026 Richmond homes were listed to buy for a median price of $320K, which is a 8% decrease to June 2025 last month, and a 8% decrease to July 2025 last year. The median value of a home listed to buy in Richmond in July 2026 was $179 per sqft, which is a 4% decrease to June 2025 last month, and a 4% decrease to July 2025 last year.

Is it affordable or expensive to live in Richmond, MI?

It is affordable to live in Richmond. Buying a home in Richmond is 1% less expensive compared with the national average.

Is it a good time to buy property in Richmond, MI?

Yes now is a good time to buy property in Richmond, in July 2026, homes in Richmond have decreased in value (price per sqft) by 4% in the last year compared with July 2025.

Are home prices dropping in Richmond, MI?

Home price are dropping in Richmond, in July 2026, homes to buy in Richmond have decreased in median list price by 3% compared with June 2026, one month ago.

Is the Richmond, MI housing market slowing down?

The housing market in Richmond is slowing down. In July 2026, homes to buy in Richmond spent an median 49 days on the market, a 28% decrease from July 2025 last year.

What are the best and safest places to live in Richmond, MI?

The best and safest neighborhoods to live in Richmond in July 2026 are Butler Ridge, Clear Creek, Indian Village, Downtown Rochester, Detroit Golf, Brookwood, Palmer Park, Virginia Park, Green Acres, University District, Barclay, Northeast Warren, New Center, Jefferson Chalmers, Seminole Hills, West Village, Morningside, East English Village, Eight Mile Wyoming, Far East Side

How much money should I make to buy a house in Richmond, MI?

In July 2026, Richmond homes were listed to buy for a median price of $320K, with 25% down you would need $2.02K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $69.3K.

Is it a good time to sell my house in Richmond, MI?

Yes now is a good time to sell your house in Richmond, in July 2026, homes in Richmond have decreased in value (price per sqft) by 4% in the last year compared with July 2025.