Is Richmond a buyer's or seller's market right now?

Richmond is currently a balanced market with 4.7 months of supply. Homes are selling at 99.9% of list price, and 16.7% go pending within two weeks. The Ridley Sell Score for Richmond is 50/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Richmond?

The median home price in Richmond is $519,000, up 18.1% year-over-year. The median price per square foot is $171. Homes sell in a median of 87 days with a sale-to-list ratio of 99.9%.

How much does it cost to sell a home in Richmond, Utah?

On a $519,000 home in Richmond, a traditional listing agent charges around $15,570 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $41,520 or more. With Ridley Essentials ($999) you save $14,571, and with Ridley Pro ($3,499) you save $12,071 while getting full agent support.

How does Ridley's flat fee compare to a traditional Richmond agent?

A traditional Richmond listing agent typically charges 3% of the sale price — about $15,570 on a $519,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $14,571–$12,071 compared to a traditional agent.

How long does it take to sell a home in Richmond?

The median home in Richmond currently spends 87 days on the market before going under contract, down 9% from last year. 16.7% of homes go pending within two weeks. At a 99.9% sale-to-list ratio, sellers are getting very close to or above asking price. Only 28.6% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Utah?

No. Utah does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $519,000 home, that could save you up to $12,071.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Utah. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $15,570 commission.

National/Utah

Richmond, UT

Is Now a Good Time to Sell in Richmond, Utah?

The median home in Richmond sells for $519,000 with prices up 18.1% year-over-year. The average seller pays $15,570 in commissions — Ridley’s flat fee saves you $12,071.

Richmond Real Estate Market Conditions — April 2026

50out of 100

Ridley Sell Score

How it's scored →

Moderate

50/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Richmond market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Don't count on bidding wars — price to attract offers rather than leave room for negotiation. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors buyers

4.7 months of supply — near the balanced threshold of 5 months. Utah average is 3.9.

Price MomentumFavors sellers

Prices up 18.1% year-over-year — vs. +5.4% statewide.

Seller LeverageFavors sellers

Homes selling at 99.9% of asking — buyers are negotiating 0.1% below list. Utah average is 98%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Utah average of 16.1%.

Sale SpeedFavors buyers

87 median days on market — 13 days faster than the Utah average.

Market UrgencyFavors buyers

16.7% of listings go pending within 2 weeks — vs. 18.7% statewide.

Price StabilityFavors buyers

28.6% of listings have dropped their price — accurate initial pricing is critical. Utah average is 20.8%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$519,000

+18.1%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-9%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$171

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

99.9%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

4.7

Balanced

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Price Drops

Percentage of active listings that had a price reduction.

28.6%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

16.7%

Slower pace

12-Month Price Trend

$805,000 → $519,000

▼35.5%

$800K$700K$600K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Richmond — delivered monthly.

Your savings

How much can you save selling your home in Richmond?

The average Richmond homeowner saves $12,071 by selling with Ridley instead of paying the traditional 3% listing commission on a $519,000 home.

$0Estimated savings

That's a dream family vacation — save 2.3% of your home value

Your Richmond home value

$519,000

$50,000$10M

Traditional Agent (3%)

$15,570

Ridley Pro (flat fee)

$3,499

Ready to sell in Richmond?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Richmond?

The total cost to sell a house in Richmond in 2026 ranges from $999 with Ridley Essentials to approximately $15,570 with a traditional 3% commission on a $519,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$15,570	$3,499	$999	$0
Buyer agent	$14,5322.8% avg	$10,380~2% avg	$10,380~2% avg	$14,5322.8% avg
Closing costs (~1.5%)	$7,785	$7,785	$7,785	$7,785
Total cost	$37,887	$21,664	$19,164	$22,317
Net proceeds	$481,113	$497,336	$499,836	$496,683
You save	—	$16,223	$18,723	$15,570No support