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Richmond, MI Real Estate & Property Data

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Richmond, MI 48062. ATTOM’s Richmond real estate data is updated daily, and current market trends show that in Richmond, MI a total of 155 residential properties have sold over the past year. With a median home price of $205,000 in Richmond and a total of 2 foreclosures. Get detailed property data for Richmond, MI instantly. ATTOM is your one-stop-shop for the Richmond property reports and real estate data you need in Richmond, MI.

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Total Residential Properties 3,309

Total Commercial Properties 280

Avg. Home Age (Single Family Home) 51 Years

Avg. Square Feet (Single Family Home) 1,787

Total 2025 Residential Sales (year-to-date) 61

% of Homes Seriously Underwater (Q3 2025) 1.67%

Total 2024 Residential Sales 151

% of Equity Rich Homes (Q3 2025) 42.12%

Effective 2024 Property Tax 1.1%

Total Foreclosure Filings (year-to-date) 6

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Richmond, MI 48062 Real Estate Overview

There were 155 residential properties sold in the past year in Richmond, MI 48062. The median home value in Richmond, MI 48062 is $317,026. There are a total of 3,309 residential properties in the 48062.

Median Sales Price i

$205,000

(Jun 2025)

-21.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $205,000
May '25 May '25 $294,000
April '25 Apr '25 $320,500
March '25 Mar '25 $350,000
February '25 Feb '25 $320,000
January '25 Jan '25 $349,000
December '24 Dec '24 $230,000
November '24 Nov '24 $320,000
October '24 Oct '24 $268,000
September '24 Sep '24 $273,250
August '24 Aug '24 $297,950
July '24 Jul '24 $335,000

Median Down Payment i

$57,000

(Jun 2025)

+45.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $57,000
May '25 May '25 $92,400
April '25 Apr '25 $135,000
March '25 Mar '25 $51,699
February '25 Feb '25 $77,000
January '25 Jan '25 $29,665
December '24 Dec '24 $27,450
November '24 Nov '24 $40,000
October '24 Oct '24 $24,000
September '24 Sep '24 $7,275
August '24 Aug '24 $25,076
July '24 Jul '24 $80,796

Number of Homes Sold i

(Jun 2025)

-33.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 14
May '25 May '25 9
April '25 Apr '25 10
March '25 Mar '25 6
February '25 Feb '25 9
January '25 Jan '25 13
December '24 Dec '24 16
November '24 Nov '24 9
October '24 Oct '24 12
September '24 Sep '24 9
August '24 Aug '24 13
July '24 Jul '24 14

Number of Purchase Loans i

(Jun 2025)

-15.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 11
May '25 May '25 9
April '25 Apr '25 9
March '25 Mar '25 5
February '25 Feb '25 6
January '25 Jan '25 10
December '24 Dec '24 10
November '24 Nov '24 7
October '24 Oct '24 13
September '24 Sep '24 10
August '24 Aug '24 10
July '24 Jul '24 7

Number of REFI Loans i

(Jun 2025)

-20%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 4
May '25 May '25 6
April '25 Apr '25 7
March '25 Mar '25 4
February '25 Feb '25 6
January '25 Jan '25 8
December '24 Dec '24 9
November '24 Nov '24 6
October '24 Oct '24 17
September '24 Sep '24 8
August '24 Aug '24 7
July '24 Jul '24 10

Number of HELOC Loans i

(Jun 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 5
May '25 May '25 7
April '25 Apr '25 9
March '25 Mar '25 5
February '25 Feb '25 6
January '25 Jan '25 7
December '24 Dec '24 4
November '24 Nov '24 5
October '24 Oct '24 6
September '24 Sep '24 4
August '24 Aug '24 6
July '24 Jul '24 13

Richmond, MI 48062 Real Estate Market Overview

Last 30 days

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Richmond, MI 48062 Foreclosure Activity

There were a total of 2 Richmond, MI 48062 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 2 Richmond, MI 48062 properties and repossessed 1 Richmond, MI 48062 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

+100%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years