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Richmond

Why you'd want to live in Richmond

We’ve got 100+ buildings with giant artworks painted on them. Lovely burbs with every store on the planet. Farmlands with berry picking, wineries, tomato festivals and antiquing. The Richmond region isn’t just our downtown – it’s a collaboration between the city of Richmond, the city of Colonial Heights, the town of Ashland and four counties: Chesterfield, Hanover, Henrico and New Kent. Each area has its own personality. This is where urban edginess meets southern charm. Or, as some would say, chaaam. It’s a mid-size city – but traffic’s no big deal, which is good if you're trying to get to one of our amazing restaurants, art exhibits or unique attractions. via visitrichmondva.com

Richmond Market Report

$530,331

AVERAGE PRICE OF 989 HOMES

$386,821

AVERAGE PRICE OF 29 DISTRESSED HOMES

$1,874,213

AVERAGE PRICE OF 82 MULTI-MILLION DOLLAR HOMES

$540,917

AVERAGE PRICE OF 221 NEWLY BUILT HOMES

$525,178

AVERAGE PRICE OF 43 HOMES WITH A POOL

$430,270

AVERAGE PRICE OF 50 REDUCED PRICE HOMES

Average Home

Average Price $530,331
Avg Bedrooms 2.67 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $248,593
2 bedrooms $329,607
3 bedrooms $406,221
4 bedrooms $582,055
5 bedrooms $890,421
Richmond Home Price Trends
  11/2025 10/2025 9/2025 8/2025 7/2025
Total Listings 1,034 1,077 1,028 969 1,027
Average Price $535,402 $547,900 $546,071 $533,615 $553,229
Avg Price Change -2.33% +0.33% +2.33% -3.68% -1.71%
Median Price $392,875 $397,205 $399,909 $400,260 $407,387
Med Price Change -1.10% -0.68% -0.09% -1.78% -3.86%
Avg Bedrooms 2.69 beds 2.66 beds 2.66 beds 2.66 beds 2.74 beds
Avg Bathrooms 2.17 baths 2.15 baths 2.2 baths 2.19 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 208 $386,489 90 days
Total Homes Average Price Avg Days on Site
All Homes 989 $530,331 92 days
Distressed Homes 29 $386,821 137 days
Multi-Million Dollar Homes 82 $1,874,213 139 days
Newly Built Homes 221 $540,917 113 days
Homes with a Pool 43 $525,178 90 days
Reduced Price Homes 50 $430,270 81 days