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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

$538,893

AVERAGE PRICE OF 751 HOMES

$377,261

AVERAGE PRICE OF 21 DISTRESSED HOMES

$2,026,363

AVERAGE PRICE OF 57 MULTI-MILLION DOLLAR HOMES

$607,043

AVERAGE PRICE OF 200 NEWLY BUILT HOMES

$573,232

AVERAGE PRICE OF 72 HOMES WITH A POOL

$417,696

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $538,893
Avg Bedrooms 2.62 beds
Avg Bathrooms 2.16 baths

Average Price by Bedrooms

1 bedroom $266,530
2 bedrooms $323,130
3 bedrooms $451,553
4 bedrooms $548,678
5 bedrooms $932,067
Richmond Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 859 956 998 947 917
Average Price $538,220 $555,665 $543,929 $536,906 $553,876
Avg Price Change -3.24% +2.16% +1.31% -3.16% 0.00%
Median Price $393,597 $411,159 $402,280 $401,912 $401,189
Med Price Change -4.46% +2.21% +0.09% +0.18% -0.20%
Avg Bedrooms 2.56 beds 2.64 beds 2.62 beds 2.59 beds 2.56 beds
Avg Bathrooms 2.12 baths 2.19 baths 2.16 baths 2.13 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 147 $418,485 83 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 751 $538,893 91 days
Distressed Homes 21 $377,261 121 days
Multi-Million Dollar Homes 57 $2,026,363 148 days
Newly Built Homes 200 $607,043 111 days
Homes with a Pool 72 $573,232 131 days
Reduced Price Homes 27 $417,696 58 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: January 18, 2025 Feed Last Updated: January 18, 2025

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 © 2025 Virginia MLS Cooperative. All rights reserved.

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