Current Price

$337,467

1 Month Forecast

â–² $377,875

1-Year Forecast *

â–² $406,804

5-Year Forecast *

â–² $502,521

"Is it a good time to buy homes in Richmond?" "Does investing in real estate in Richmond (Illinois State, McHenry County) worth it?" According to our live Forecast System, buying a house in Richmond is a good short-term (1-year) investment*. The Richmond average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Richmond" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Richmond in Illinois State, McHenry County. If you are looking for homes for sale with good flipping profit, Richmond can be a profitable property investment option. The median price of an average house in Richmond was 337,467 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Richmond" area is 502,521 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +48.91% meaning that investing 100000 USD today may yield a profit of 48,910 USD by 2031.

Current Median Listing Price: 337,467 USD Median Listing Price Per Square Foot: 187 USD

Richmond Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Richmond (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Richmond Price Target

Richmond median home price target in 12 months: $406,804* (upside of 20.5%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $366,235 $375,027 $366,235 $375,027
2024 $315,898 $337,467 $315,898 $337,467
2023 $295,500 $314,282 $295,360 $314,282
2022 $279,911 $296,367 $279,911 $301,497
2021 $247,839 $276,521 $247,839 $276,521
2020 $223,210 $244,010 $221,871 $244,010
2019 $213,250 $222,003 $213,250 $222,003
2018 $206,634 $211,666 $206,634 $211,666
2017 $190,443 $205,602 $190,443 $205,602
2016 $185,349 $189,372 $185,349 $189,372
2015 $178,229 $184,659 $178,229 $184,659
2014 $164,680 $177,498 $164,680 $177,498
2013 $145,361 $163,894 $145,361 $163,894
2012 $144,946 $144,900 $144,900 $147,272

Questions & Answers about the Richmond Housing Market Forecast

How much does an average home cost in Richmond today?

The value of an average home (the listing price) in Richmond is $337,467 USD.

What is the average price per square foot in Richmond?

According to Walletinvestor the median price per square foot in Richmond is 187 USD.

Will the median listing price of homes in Richmond grow / rise / go up?

Yes. The Richmond home prices may rise from 337,467 USD to 406,804 USD in one year.

Is it profitable to invest in Richmond homes?

Yes. The long-term profit potential is +20.55% in one year.

Will Richmond house prices fall / drop?

No. See above.

What is the predicted price of a Richmond home in 2030?

The predicted home sales price of a Richmond home in 2030 in Richmond is 472,003 USD.

What is the predicted price of a Richmond home in 2035?

The predicted home sales price of a Richmond home in 2035 in Richmond is 626,663 USD.

Will real estate prices decrease in Richmond?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Richmond is the 9596. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in McHenry, Richmond decreased, looking at the past 12 months.

According to Walletinvestor's Richmond real estate market research, home values will increase in the next 12 months.

Median home values decreased by 8.967% to 337,467 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 21.656% in 2021
  • 20.966% in 2022
  • 20.916% in 2023
  • 21.286% in 2024
  • 22.346% in 2025
  • 19.046% in 2026

Based on our Richmond real estate market research and report the predicted sales prices will increase by 547.936% in the next 10 years.

Over the last 12 months, the value of homes in Richmond fluctuated: increasing 4 times .

Richmond (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Richmond Housing Market Forecast with Real Estate Prices for 2025
August 2025 377875 348779 406972
September 2025 380745 352951 408540
October 2025 383637 350261 417013
November 2025 386551 353307 419794
December 2025 389487 357159 421814
Richmond Housing Market Forecast with Real Estate Prices for 2026
January 2026 391170 364962 417379
February 2026 392305 365236 419374
March 2026 394676 363891 425461
April 2026 397674 370632 424716
May 2026 400694 380259 421130
June 2026 403737 383147 424328
July 2026 406804 367751 445857
August 2026 409894 384070 435717
September 2026 413007 382857 443156
October 2026 416144 389926 442361
November 2026 416437 386037 446837
December 2026 414896 385439 444354
Richmond Housing Market Forecast with Real Estate Prices for 2027
January 2027 413006 390290 435721
February 2027 412090 389013 435167
March 2027 411407 383020 439794
April 2027 410508 383825 437191
May 2027 409308 372879 445736
June 2027 409113 372293 445933
July 2027 410507 376025 444990
August 2027 412674 376771 448576
September 2027 415808 388781 442836
October 2027 418966 377070 460863
November 2027 422148 381200 463097
December 2027 425354 401109 449600
Richmond Housing Market Forecast with Real Estate Prices for 2028
January 2028 427692 405452 449932
February 2028 429182 398281 460083
March 2028 430570 398277 462862
April 2028 432410 394791 470030
May 2028 434633 401601 467665
June 2028 437704 395247 480161
July 2028 441028 410598 471459
August 2028 444378 401718 487038
September 2028 447101 424746 469457
October 2028 449136 416349 481923
November 2028 450948 420284 481613
December 2028 453018 425384 480652
Richmond Housing Market Forecast with Real Estate Prices for 2029
January 2029 454629 417349 491908
February 2029 456919 433159 480679
March 2029 459845 419838 499851
April 2029 462794 421605 503983
May 2029 466309 440196 492422
June 2029 469205 428854 509557
July 2029 472003 441323 502684
August 2029 474570 445147 503994
September 2029 475982 432668 519297
October 2029 476718 443348 510088
November 2029 477503 448853 506153
December 2029 481130 437347 524912
Richmond Housing Market Forecast with Real Estate Prices for 2030
January 2030 484784 449879 519688
February 2030 488466 446458 530474
March 2030 492176 467075 517277
April 2030 495914 451281 540546
May 2030 498058 473155 522960
June 2030 499503 468034 530971
July 2030 502521 453777 551266
August 2030 506338 478996 533680
September 2030 510184 481103 539264
October 2030 514059 480645 547472
November 2030 517963 491547 544379
December 2030 521897 477536 566258
Richmond Housing Market Forecast with Real Estate Prices for 2031
January 2031 525861 499042 552680
February 2031 529855 500713 558997
March 2031 530229 503187 557270
April 2031 528267 489175 567358
May 2031 525860 495360 556359
June 2031 524693 486390 562996
July 2031 523824 474061 573587
August 2031 522679 491841 553517
September 2031 521151 476853 565449
October 2031 520903 490170 551636
November 2031 522678 474069 571287
December 2031 525437 497589 553285
Richmond Housing Market Forecast with Real Estate Prices for 2032
January 2032 529428 484956 573900
February 2032 533449 488105 578792
March 2032 537500 492350 582650
April 2032 541583 511795 571370
May 2032 544559 500994 588124
June 2032 546456 515308 577604
July 2032 548223 513685 582761

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.