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RICHMOND, IL 60071

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The RICHMOND, IL real estate market (60071) currently shows 14 active listings, with 7 pending sales. Homes are averaging 111 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 111 days on market compared to 124 days last year.

The median listing price has risen 97.6% year-over-year, from $363,750 to $718,750.

Whether you are buying or selling in RICHMOND, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,938  ·  Density: 61.3/mi²  ·  Median household income: $71,471

Typical home value: $295,755  ·  Homeownership: 70.7%

Market Overview

Active Listings
14
⇧ 55.6% vs 9 last year
Pending
7
50% pending ratio
Median Price
$718,750
⇧ 97.6% vs $363,750 last year
Average Price
$674,116
⇧ 54.9% vs $435,136 last year
Days on Market
111
⇩ 10.5% vs 124 days last year

Price Per Square Foot

Median $/sqft
$203
⇧ 19.4% vs $170/sqft last year
Median Home Size
2,942 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 9 last year
  • Days on market: 111 now vs 124 last year

Median & Average Pricing

Year over Year
  • Median: $718,750 (+97.6% YoY)
  • Average: $674,116 (+54.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.0 miles — 574 listings ($364,232,557 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60071Richmond, IL 600710.0 mi17$10,594,213$499,999$623,189
60081Spring Grove, IL 600814.6 mi31$20,107,747$548,700$648,637
53181Twin Lakes, WI 531815.0 mi22$18,937,600$537,900$860,800
60034Hebron, IL 600346.0 mi4$807,800$201,950$201,950
60020Fox Lake, IL 600208.4 mi55$14,404,335$219,000$261,897
60050Mchenry, IL 600509.4 mi59$17,544,240$297,700$297,360
53179Trevor, WI 531799.7 mi8$2,857,600$312,450$357,200
53147Lake Geneva, WI 5314710.3 mi105$112,678,230$660,000$1,073,126
60002Antioch, IL 6000211.0 mi50$22,030,150$337,450$440,603
60098Woodstock, IL 6009812.2 mi85$59,671,105$415,000$702,013
60046Lake Villa, IL 6004613.1 mi55$27,236,055$395,950$495,201
53105Burlington, WI 5310513.9 mi46$25,253,402$399,900$548,987
53125Fontana, WI 5312514.0 mi37$32,110,080$655,000$867,840

Frequently Asked Questions

How many homes are for sale in RICHMOND, IL 60071?

As of February 2026, there are 14 active listings in RICHMOND, IL (zip code 60071), compared to 9 the prior year.

What is the median home price in RICHMOND, IL 60071?

The median listing price in RICHMOND, IL 60071 is $718,750 as of February 2026, a 97.6% increase from $363,750 the prior year.

How long do homes stay on the market in RICHMOND, IL?

Homes in RICHMOND, IL 60071 spend an average of 111 days on the market before going under contract, compared to 124 days the prior year.

Is it a seller's or buyer's market in RICHMOND, IL 60071?

Based on current inventory and days-on-market data as of February 2026, RICHMOND, IL 60071 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 111 days on market compared to 124 days last year.

How much can I save on real estate commission in RICHMOND, IL?

With SELL123.com's maximum 3% commission, sellers in RICHMOND, IL 60071 save an estimated $14,375 compared to a typical 5% commission on the median listing price of $718,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.