Is Richmond, MA 01254 a buyer’s or seller’s market?
Richmond is a buyer’s market. With about 11.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Richmond housing market right now
In the three months ending August 31, 2026, 50% of homes in Richmond, MA 01254 sold above their list price, the typical home went under contract in 110 days and there were 11.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold more slowly (28 days then) and the median sale price fell 7% to $512,278. Overall, Richmond is about as competitive as it was a year ago.
Within Berkshire County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell more often over asking than in 79%.
Nearby, buyers who want less competition could look at Drury 01343 (0% sold over asking) or Stockbridge 01262 (0% sold over asking), while South Lee 01260 (100% sold over asking) and Dalton 01226 (57% sold over asking) are even more competitive.
Run the numbers for 01254
Nearby markets
Adams 01220Seller’s market $193 /sq ftAshley Falls 01222Seller’s market $238 /sq ftBecket 01223Buyer’s market $258 /sq ftCheshire 01225Seller’s market $175 /sq ft Browse all markets →Towns like Richmond nearby
Find towns like Richmond in other states →Where Richmond is
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Questions about Richmond real estate
Is Richmond a buyer’s or seller’s market?
A buyer’s market: there were 11.2 months of supply in Richmond, MA 01254 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Richmond?
The typical home went under contract in 110 days in the latest three months.
Do homes in Richmond sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Richmond?
About 1.32% of a home’s value a year in Berkshire County, or roughly $5,280 on a $400,000 home.
What is the median home price in Richmond?
The median sale price was $512,278 in the three months ending August 31, 2026, about $219 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology