Richmond, RI housing market update: January prices higher, mortgage rates at 6.00%
Richmond, RI – March 5, 2026 – January 2026 data pointed to a higher median sale price alongside low sales volume and a roughly six-week median time on market. Mortgage rates re…
In Richmond, RI, recent market signals point to higher sale prices while transaction volume remains limited. Redfin’s January 2026 snapshot reported a $452,500 median sale price, 6 homes sold, and a 42-day median time on market. Homes closed at about 99.0% of list price, suggesting buyers are still seeing only modest leverage even as conditions stay selective.
Top takeaways
- Prices: Median sale price was about $453K in Jan 2026 (+50.3% YoY).
- Tempo: Median days on market was 42; sale-to-list was around 99%.
- Rates: Freddie Mac’s March 5, 2026 weekly average was 6.00% for a 30-year fixed and 5.43% for a 15-year.
What’s for sale
A Zillow search showed 7 results, spanning entry-priced land to higher-end homes, giving buyers a mix of property types rather than a deep bench of similar listings.
- Land: Options around $235K (about 5 acres) and larger acreage around $950K.
- Homes: Single-family listings around $510K to $790K, plus a multi-family around $675K.
Keeping an eye on potential new supply
For residents tracking projects that could shape future inventory, the town’s online agenda center can be a practical way to follow Planning Board and Zoning Board discussions as items move through review.
What are buyers and sellers noticing right now: more price cuts, or more showings?