Homes for Sale Under 700K in Richmond, MI

60 Homes for Sale

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Richmond, MI Housing Market Overview

Richmond is a buyer's market right now. Homes are sitting on the market for 65 days on average. With 6.7 months of supply, there's less pressure to rush and more room to negotiate on price and terms.

Status

Buyer's Market

Days on Market

65

Inventory

20

Sep 2021Mar 2024Mar 2026

Median Home Price

$187,000Down 0.34%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
20 Up 0.05%
Newly Listed Homes
9 Up 0.50%
Months of Supply
6.7 Up 2.90%

Housing Demand

Homes Sold
3 Down 0.00%
Sale-to-List Ratio
98.6% Up 1.62%
Homes Sold Above List
0% Down 20.00%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

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  • mls-imgIDX Logo
    Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 22, 2026, 12:00 AM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. ​© 2024 Realcomp II Ltd. MLS. All Rights Reserved.
  • mls-imgIDX Logo
    Based on information from MiRealSource through Oct 22, 2026, 12:00 AM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2026 MiRealSource. All Rights Reserved.
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Richmond, MI Housing Marketlink qauare
Homes Available icon

60

Homes Available

Median List Price icon

$ 187,000

Median List Price

Avg on Market icon

65 Days

Avg on Market

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