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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

$529,087

AVERAGE PRICE OF 850 HOMES

$346,943

AVERAGE PRICE OF 32 DISTRESSED HOMES

$1,869,877

AVERAGE PRICE OF 72 MULTI-MILLION DOLLAR HOMES

$550,514

AVERAGE PRICE OF 235 NEWLY BUILT HOMES

$610,436

AVERAGE PRICE OF 124 HOMES WITH A POOL

$638,371

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $529,087
Avg Bedrooms 2.72 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $240,988
2 bedrooms $329,742
3 bedrooms $430,536
4 bedrooms $627,954
5 bedrooms $1,011,195
Richmond Home Price Trends
  4/2023 3/2023 2/2023 1/2023 12/2022
Total Listings 803 764 732 668 746
Average Price $509,664 $482,137 $464,575 $460,039 $461,938
Avg Price Change +5.71% +3.78% +0.99% -0.41% -1.77%
Median Price $386,270 $366,747 $351,290 $342,993 $342,658
Med Price Change +5.32% +4.40% +2.42% +0.10% -2.14%
Avg Bedrooms 2.68 beds 2.68 beds 2.6 beds 2.6 beds 2.66 beds
Avg Bathrooms 2.25 baths 2.21 baths 2.12 baths 2.05 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 166 $340,571 59 days
Huguenot 98 $453,189 49 days
John Marshall 118 $408,088 51 days
Thomas Jefferson 182 $735,333 57 days
Wythe 87 $270,815 62 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 850 $529,087 61 days
Distressed Homes 32 $346,943 47 days
Multi-Million Dollar Homes 72 $1,869,877 88 days
Newly Built Homes 235 $550,514 97 days
Homes with a Pool 124 $610,436 85 days
Reduced Price Homes 15 $638,371 29 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: May 29, 2023 Feed Last Updated: May 29, 2023

All or a portion of the multiple Listing information is provided by the Virginia MLS Cooperative, from a copyrighted compilation of Listings. All Virginia MLS Cooperative information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2023 Virginia MLS Cooperative. All rights reserved.

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