Market Overview
balancedRichmond’s median home price is just above the Utah median (+0.2%) but homes linger 16% longer on the market, indicating a slightly tighter local market than the state overall.- •Median price $520,000, only $1,112 above the Utah median, with a 26.6% month‑over‑month decline.
- •Sale‑to‑list ratio remains strong at 99.2%, showing buyers are still willing to meet asking prices.
- •Average days on market 83 days, 16% higher than the state average of 72 days.
- •Mortgage rates have risen from a six‑month low of 6.06% to 6.35% in May 2026, adding cost pressure for buyers.
Featured Homes in Richmond
Top-scoring active listings in Richmond
Deals & Lifestyle in Richmond
Best-priced homes and the outdoor lifestyle you're after
Highlights in Richmond
Luxury, new construction, scenic views and more
Frequently Asked Questions About Richmond Real Estate
As of May 2026, the median home price in Richmond, Utah is $520,000, which is 0.4% above the Utah state median of $517,990. Home prices in Richmond range from $429,900 to $827,000, with an average sale price of $510,728. 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 99.2% and homes spending an average of 83 days on the market. Richmond’s median home price is just above the Utah median (+0.2%) but homes linger 16% longer on the market, indicating a slightly tighter local market than the state overall.
Homes in Richmond, Utah spend an average of 83 days on the market before going under contract compared to the Utah state average of 72 days (15.6% 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.