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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

$557,485

AVERAGE PRICE OF 1,075 HOMES

$314,790

AVERAGE PRICE OF 27 DISTRESSED HOMES

$1,793,366

AVERAGE PRICE OF 100 MULTI-MILLION DOLLAR HOMES

$560,094

AVERAGE PRICE OF 234 NEWLY BUILT HOMES

$779,942

AVERAGE PRICE OF 82 HOMES WITH A POOL

$426,313

AVERAGE PRICE OF 48 REDUCED PRICE HOMES

Average Home

Average Price $557,485
Avg Bedrooms 2.73 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $254,158
2 bedrooms $363,714
3 bedrooms $439,218
4 bedrooms $685,842
5 bedrooms $1,144,830
Richmond Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 1,050 926 876 828 757
Average Price $563,818 $561,796 $547,222 $535,517 $536,797
Avg Price Change +0.36% +2.66% +2.19% -0.24% -0.27%
Median Price $425,541 $410,437 $406,867 $398,995 $396,448
Med Price Change +3.68% +0.88% +1.97% +0.64% +0.72%
Avg Bedrooms 2.71 beds 2.65 beds 2.63 beds 2.61 beds 2.58 beds
Avg Bathrooms 2.29 baths 2.21 baths 2.18 baths 2.17 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 247 $764,314 53 days
Total Homes Average Price Avg Days on Site
All Homes 1,075 $557,485 74 days
Distressed Homes 27 $314,790 117 days
Multi-Million Dollar Homes 100 $1,793,366 95 days
Newly Built Homes 234 $560,094 95 days
Homes with a Pool 82 $779,942 119 days
Reduced Price Homes 48 $426,313 42 days