Current Price

$366,217

1 Month Forecast

â–² $372,768

1-Year Forecast *

â–² $389,750

5-Year Forecast *

â–² $439,381

"Is it a good time to buy homes in Richmond?" "Does investing in real estate in Richmond (Minnesota State, Stearns County) worth it?" According to our live Forecast System, buying a house in Richmond is a acceptable 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 Minnesota State, Stearns 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 366,217 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 439,381 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +19.98% meaning that investing 100000 USD today may yield a profit of 19,978 USD by 2031.

Current Median Listing Price: 366,217 USD Median Listing Price Per Square Foot: 203 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 (Minnesota 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: $389,750* (upside of 6.4%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $368,694 $371,095 $368,694 $371,095
2024 $349,444 $366,217 $349,174 $366,217
2023 $336,188 $350,345 $336,188 $351,197
2022 $315,696 $336,332 $315,696 $342,524
2021 $275,613 $313,102 $275,613 $313,102
2020 $252,373 $273,570 $252,373 $273,570
2019 $236,186 $251,365 $236,186 $251,365
2018 $225,494 $235,213 $225,494 $235,213
2017 $212,844 $224,709 $212,844 $224,709
2016 $193,993 $211,810 $193,993 $211,810
2015 $189,722 $193,362 $189,356 $193,362
2014 $185,657 $189,507 $185,657 $191,264
2013 $180,538 $184,859 $180,538 $184,859
2012 $168,132 $180,096 $168,132 $180,096

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 $366,217 USD.

What is the average price per square foot in Richmond?

According to Walletinvestor the median price per square foot in Richmond is 203 USD.

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

Yes. The Richmond home prices may rise from 366,217 USD to 389,750 USD in one year.

Is it profitable to invest in Richmond homes?

Yes. The long-term profit potential is +6.43% 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 424,303 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 497,781 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 9524. largest city in the United States, located in Minnesota State.

During the last 12 months the real estate prices in Stearns, 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 0.932% to 366,217 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 7.336% in 2021
  • 5.526% in 2022
  • 7.646% in 2023
  • 8.246% in 2024
  • 7.816% in 2025
  • 4.586% in 2026

Based on our Richmond real estate market research and report the predicted sales prices will increase by 86.415% in the next 10 years.

Over the last 12 months, the value of homes in Richmond fluctuated: increasing 3 times and decreasing 1 times.

Richmond (Minnesota) 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 372768 337355 408181
September 2025 374449 354603 394294
October 2025 376137 350184 402090
November 2025 377833 350251 405415
December 2025 379536 345758 413315
Richmond Housing Market Forecast with Real Estate Prices for 2026
January 2026 381227 347298 415156
February 2026 381601 345730 417471
March 2026 382800 348348 417252
April 2026 384526 364146 404906
May 2026 386259 350337 422181
June 2026 388001 365885 410117
July 2026 389750 359740 419761
August 2026 391508 369192 413824
September 2026 393273 361418 425128
October 2026 395046 370158 419934
November 2026 396827 370637 423018
December 2026 396531 360050 433012
Richmond Housing Market Forecast with Real Estate Prices for 2027
January 2027 395602 367910 423294
February 2027 394675 362312 427038
March 2027 393750 370125 417375
April 2027 392827 364544 421111
May 2027 392660 368315 417005
June 2027 393514 358491 428536
July 2027 395288 367223 423353
August 2027 397070 365702 428439
September 2027 398861 358975 438747
October 2027 400659 379825 421493
November 2027 402208 363194 441222
December 2027 404021 369276 438767
Richmond Housing Market Forecast with Real Estate Prices for 2028
January 2028 405843 381087 430600
February 2028 407342 379235 435449
March 2028 407816 383347 432285
April 2028 406861 367395 446326
May 2028 405907 385612 426203
June 2028 405594 370307 440881
July 2028 406409 375116 437703
August 2028 407673 370167 445179
September 2028 409327 374944 443711
October 2028 410589 372815 448364
November 2028 411921 379379 444462
December 2028 413778 376952 450604
Richmond Housing Market Forecast with Real Estate Prices for 2029
January 2029 415643 394861 436426
February 2029 417518 390796 444239
March 2029 419400 396333 442467
April 2029 421291 391801 450781
May 2029 423190 382564 463817
June 2029 424510 402860 446160
July 2029 424303 383570 465036
August 2029 424156 385982 462330
September 2029 424402 389177 459627
October 2029 425152 391565 458739
November 2029 425946 394852 457040
December 2029 427866 393209 462523
Richmond Housing Market Forecast with Real Estate Prices for 2030
January 2030 429795 397990 461600
February 2030 431733 406693 456774
March 2030 433680 398118 469241
April 2030 435635 408190 463080
May 2030 437576 393818 481333
June 2030 438004 406906 469102
July 2030 439381 409942 468819
August 2030 441362 417969 464754
September 2030 443352 412317 474386
October 2030 445351 422638 468063
November 2030 447359 404859 489858
December 2030 449376 412527 486224
Richmond Housing Market Forecast with Real Estate Prices for 2031
January 2031 451402 424318 478486
February 2031 453437 418522 488352
March 2031 455481 413577 497386
April 2031 455142 409627 500656
May 2031 454075 426376 481774
June 2031 453011 424471 481551
July 2031 451950 427996 475903
August 2031 450890 426542 475239
September 2031 450698 417797 483599
October 2031 451678 427739 475617
November 2031 453715 409251 498179
December 2031 455760 430694 480827
Richmond Housing Market Forecast with Real Estate Prices for 2032
January 2032 457815 432636 482995
February 2032 459880 435966 483793
March 2032 461658 433035 490280
April 2032 463739 429886 497592
May 2032 465830 422508 509152
June 2032 467551 429679 505422
July 2032 468095 423626 512564

> Page 2: detailed data / price table <

Best Richmond property forecast, Richmond house price prediction, Richmond housing forecast, Richmond property investment tips, Richmond prediction, Richmond real estate analyst report, Richmond property price forecast, Richmond housing index forecast tomorrow, Richmond real estate technical analysis, Richmond property future price, Richmond housing projections, Richmond property market prognosis, Richmond expected house price.
How will Richmond house price increase? Will Richmond real estate prices go up? Will Richmond real estate prices fall? Will Richmond house prices drop? Will Richmond house prices rise? Is Richmond housing price going up? Is it time to buy a Richmond home? When will Richmond house prices go down? When will Richmond real estate prices drop?
* 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.