Market Overview
balancedRichmond’s median home price is about 1% below the Utah average, but homes linger 41% longer on market while sale‑to‑list ratios remain near parity.- •Median closed price is $520,000, just $5,000 (‑0.9%) under the state median.
- •Prices surged 9.8% month‑over‑month, outpacing the broader Utah market.
- •Days on market average 92 days, 41% longer than the state’s 65‑day average.
- •Single‑family homes sold for a median $526,150, up 13.2% YoY, with $197 per sqft.
- •Mortgage rates have risen from 6.06% to 6.50% over the past six months, adding cost pressure.
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Frequently Asked Questions About Richmond Real Estate
As of July 2026, the median home price in Richmond, Utah is $427,000, which is 18.7% below the Utah state median of $525,000. Home prices in Richmond range from $365,000 to $775,000, with an average sale price of $548,074. These figures are based on recent closed transactions in the Richmond real estate market.
Richmond, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.9% and homes spending an average of 80 days on the market. Richmond’s median home price is about 1% below the Utah average, but homes linger 41% longer on market while sale‑to‑list ratios remain near parity.
Homes in Richmond, Utah spend an average of 80 days on the market before going under contract compared to the Utah state average of 61 days (32.1% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.