Current Price

$484,011

1 Month Forecast

â–² $526,942

1-Year Forecast *

â–² $556,756

5-Year Forecast *

â–² $681,800

"Is it a good time to buy homes in Richmond?" "Does investing in real estate in Richmond (Rhode Island State, Washington 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 Rhode Island State, Washington 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 484,011 USD on 2026-02-15. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Richmond" area is 681,800 USD by 2031-02-15. For a 5-year investment the profit is expected to be around +40.86% meaning that investing 100000 USD today may yield a profit of 40,864 USD by 2031.

Current Median Listing Price: 484,011 USD Median Listing Price Per Square Foot: 269 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 (Rhode Island 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: $556,756* (upside of 15.0%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $518,740 $523,144 $518,740 $523,144
2024 $449,795 $484,011 $449,795 $484,011
2023 $418,647 $447,528 $417,923 $447,528
2022 $388,102 $420,748 $388,102 $428,128
2021 $339,572 $383,963 $339,572 $383,963
2020 $301,211 $333,636 $301,211 $333,636
2019 $294,471 $299,894 $294,471 $299,894
2018 $284,999 $295,086 $284,999 $296,137
2017 $263,671 $283,616 $263,671 $283,616
2016 $249,886 $261,772 $249,886 $261,772
2015 $237,263 $248,491 $236,914 $248,491
2014 $231,718 $237,430 $231,718 $237,457
2013 $220,456 $231,124 $220,054 $231,124
2012 $210,718 $220,655 $210,718 $220,655

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 $484,011 USD.

What is the average price per square foot in Richmond?

According to Walletinvestor the median price per square foot in Richmond is 269 USD.

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

Yes. The Richmond home prices may rise from 484,011 USD to 556,756 USD in one year.

Is it profitable to invest in Richmond homes?

Yes. The long-term profit potential is +15.03% 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 647,142 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 822,873 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 6450. largest city in the United States, located in Rhode Island State.

During the last 12 months the real estate prices in Washington, 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 6.874% to 484,011 USD, between 2025-02-15 and 2026-02-15

The average annual profit of property investment was:

  • 16.570% in 2021
  • 17.000% in 2022
  • 15.820% in 2023
  • 13.870% in 2024
  • 15.400% in 2025
  • 15.660% in 2026

Based on our Richmond real estate market research and report the predicted sales prices will increase by 305.600% in the next 10 years.

Over the last 12 months, the value of homes in Richmond fluctuated: increasing 5 times .

Richmond (Rhode Island) 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 526942 479517 574367
September 2025 530767 496267 565267
October 2025 534620 505751 563490
November 2025 538501 502422 574581
December 2025 542410 490881 593939
Richmond Housing Market Forecast with Real Estate Prices for 2026
January 2026 546348 505372 587324
February 2026 547573 515267 579880
March 2026 546628 518750 574506
April 2026 546907 509170 584643
May 2026 548760 509249 588271
June 2026 552744 510735 594752
July 2026 556756 509989 603524
August 2026 560798 516495 605101
September 2026 564869 526458 603280
October 2026 568970 512642 625298
November 2026 573100 520375 625825
December 2026 576794 545648 607941
Richmond Housing Market Forecast with Real Estate Prices for 2027
January 2027 576314 547499 605130
February 2027 573956 523448 624464
March 2027 571607 539597 603617
April 2027 569719 527560 611878
May 2027 567732 531965 603499
June 2027 565409 514522 616296
July 2027 564431 527743 601119
August 2027 566069 525878 606260
September 2027 570178 535397 604959
October 2027 574318 542156 606479
November 2027 578487 525266 631708
December 2027 582686 530244 635128
Richmond Housing Market Forecast with Real Estate Prices for 2028
January 2028 586916 531159 642673
February 2028 590508 540315 640702
March 2028 592791 550703 634880
April 2028 593856 546941 640770
May 2028 596470 561279 631662
June 2028 599492 542540 656443
July 2028 603644 557163 650125
August 2028 608026 572153 643900
September 2028 612440 552421 672459
October 2028 616886 573087 660685
November 2028 620626 564149 677103
December 2028 624061 576632 671489
Richmond Housing Market Forecast with Real Estate Prices for 2029
January 2029 627077 589452 664701
February 2029 630732 570182 691283
March 2029 634256 591127 677386
April 2029 638072 583836 692308
May 2029 641243 582890 699596
June 2029 645898 602623 689173
July 2029 647142 601195 693089
August 2029 647310 600056 694563
September 2029 648319 594509 702130
October 2029 649165 606320 692010
November 2029 650448 597112 703785
December 2029 651382 605785 696979
Richmond Housing Market Forecast with Real Estate Prices for 2030
January 2030 656110 620024 692197
February 2030 660873 614612 707135
March 2030 665671 607092 724250
April 2030 670503 630273 710734
May 2030 675371 622692 728050
June 2030 680274 634015 726532
July 2030 681800 642937 720662
August 2030 680622 616643 744600
September 2030 680970 612873 749066
October 2030 683277 642964 723590
November 2030 688237 626296 750179
December 2030 693233 644014 742453
Richmond Housing Market Forecast with Real Estate Prices for 2031
January 2031 698266 659861 736671
February 2031 703335 633705 772965
March 2031 708441 664518 752364
April 2031 713584 664346 762821
May 2031 718183 648520 787847
June 2031 717586 664484 770687
July 2031 714649 646757 782541
August 2031 711725 664751 758698
September 2031 709374 649077 769670
October 2031 706900 636210 777590
November 2031 704007 641350 766663
December 2031 702790 662028 743552
Richmond Housing Market Forecast with Real Estate Prices for 2032
January 2032 704829 644918 764739
February 2032 709946 650310 769581
March 2032 715099 655031 775168
April 2032 720291 677793 762788
May 2032 725520 671831 779208
June 2032 730786 688401 773172
July 2032 735259 663204 807315

> 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.