Is Richmond, CA 94801 a buyer’s or seller’s market?

The Richmond housing market right now

In the three months ending August 31, 2026, 49% of homes in Richmond, CA 94801 sold above their list price, the typical home went under contract in 30 days and there were 4.7 months of supply. Three to six months of supply is a fairly balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 34 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold faster (36 days then) and the median sale price rose 7% to $569,753. Overall, Richmond is more competitive than a year ago, so tougher for buyers.

Within Contra Costa County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Richmond ranks #309 of 1,069 CA ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Port Costa 94569 (0% sold over asking) or Discovery Bay 94505 (17% sold over asking), while Diablo 94528 (100% sold over asking) and El Cerrito 94530 (85% sold over asking) are even more competitive.