Richwood's real estate market is currently hot with low inventory and high demand. Home prices have increased 102.4% in the past month alone. With 2.0 months of supply, Richwood's inventory levels remain relatively tight. Transaction volume is up 50% compared to what's typically expected this time of year. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Richwood market with the affordability index at 540.0. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.