Richmond Real Estate
18 active listings · 100 sold in the past 12mo
$432,450
Median List Price
100
Sold (past 12mo)
89
Avg Days on Market
+5.8%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
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Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Richmond and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(18)
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For Sale
1/40
$1,100,000
68373 Lake Angela Pointe, Richmond, MI 48062
3 bd3 ba3,507 sqft56.88 ac
Single Family
For Sale
1/53
$799,900
68503 Lake Angela Pointe, Richmond, MI 48062
3 bd3 ba2,450 sqft0.54 ac
Single Family
For Sale
1/88
$779,900
75230 Cryderman Road, Richmond, MI 48062
4 bd5 ba6,300 sqft5 ac
Single Family
For Sale
1/36
$749,500
68651 Lake Angela Pointe, Richmond, MI 48062
3 bd3 ba4,634 sqft56.88 ac
Single Family
For Sale
1/69
$725,000
70336 Welding Road, Richmond, MI 48062
3 bd4 ba3,100 sqft1.50 ac
Single Family
For Sale
1/54
$649,000
68125 Lake Angela Drive, Richmond, MI 48062
3 bd3 ba2,375 sqft0.36 ac
Single Family
For Sale
1/40
$614,900
68242 Lake Angela Pointe Street, Richmond, MI 48062
5 bd3 ba0.36 ac
Single Family
For Sale
1/36
$549,900
34914 Cardinal Lane, Richmond, MI 48062
4 bd3 ba2,515 sqft0.30 ac
Single Family
Under Contract
1/75
$524,900
76152 Burman Road E, Richmond, MI 48062
3 bd3 ba2,200 sqft2 ac
Single Family
For Sale
1/19
$340,000
68340 S Forest Street, Richmond, MI 48062
3 bd2 ba0.20 ac
Single Family
For Sale
1/2
$325,000
68050 S Main Street, Richmond, MI 48062
3 bd1 ba1,520 sqft0.18 ac
Single Family
For Sale
1/51
$319,000
37275 31 Mile Road, Richmond, MI 48062
3 bd1 ba0.46 ac
Single Family
For Sale
1/39
$269,800
34904 Chickadee Ridge, Richmond, MI 48062
2 bd3 ba
Condo
Under Contract
1/29
$259,900
35930 Washington Street, Richmond, MI 48062
3 bd2 ba1,428 sqft0.28 ac
Single Family
Coming Soon
1/50
$250,000
28780 School Section Road, Richmond, MI 48062
4 bd2 ba2,840 sqft1 ac
Single Family
For Sale
1/51
$219,900
36311 Beier Street, Richmond, MI 48062
2 bd2 ba0.12 ac
Single Family
For Sale
1/9
$199,950
34429 33 Mile Road, Richmond, MI 48062
3 bd2 ba2,292 sqft10 ac
Mfg Home
For Sale
1/28
$160,000
68457 Rosewood Lane, Richmond, MI 48062
2 bd1 ba1,035 sqft
Condo
Recently Sold(100)
Frequently Asked Questions about Richmond
Are there homes available in Richmond right now?
There are currently 18 active listings in Richmond. The median asking price is $432,450.
What is the median home price in Richmond?
Based on 100 sales in the past year, homes in Richmond have a median price of $432,450.
How fast do homes sell in Richmond?
Over the past year, homes in Richmond spent an average of 89 days on market before selling.
What school districts serve Richmond?
Richmond is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Richmond may be zoned for different districts. Check individual listings for the specific school district assignment.
Is Richmond a buyer's or seller's market?
With 2.2 months of inventory, Richmond is currently a seller's market. This is based on 18 active listings and 100 sales in the past 12 months.
How are property taxes calculated in Richmond?
Michigan property taxes in Richmond are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Richmond?
Census demographic data shows a +5.8% Household Formation Gap in Richmond. As average household size fell from 2.36 to 2.34, the estimated number of households grew by 136. Population grew 4.9% over the same period. HFG is a secondary market indicator reflecting household formation trends, distinct from primary indicators like comparative market analysis.