Is Richmond, MO 64085 a buyer’s or seller’s market?
Richmond is a seller’s market. With about 2.5 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 53% of U.S. ZIP codes, and #149 of 263 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Richmond housing market right now
In the three months ending August 31, 2026, 20% of homes in Richmond, MO 64085 sold above their list price, the typical home went under contract in 24 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 47 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (27 days then) and the median sale price rose 5% to $224,903. Overall, Richmond is more competitive than a year ago, so tougher for buyers.
Within Ray County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Richmond ranks #149 of 263 MO ZIP codes with enough sales (score 51 out of 100).
Nearby, Orrick 64077 (50% sold over asking) and Hardin 64035 (33% sold over asking) are even more competitive.
Run the numbers for 64085
Nearby markets
Camden 64017 — /sq ftHardin 64035Seller’s market $144 /sq ftLawson 64062Seller’s market $163 /sq ftOrrick 64077Seller’s market $125 /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 seller’s market: there were 2.5 months of supply in Richmond, MO 64085 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 24 days in the latest three months.
Do homes in Richmond sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Richmond?
About 0.80% of a home’s value a year in Ray County, or roughly $3,200 on a $400,000 home.
What is the median home price in Richmond?
The median sale price was $224,903 in the three months ending August 31, 2026, about $158 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