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Richmond

Why you'd want to live in Richmond

In Richmond’s most coveted areas—Monument Avenue, the Fan District, the Museum District, Windsor Farms, Westhampton, Byrd Park, and the Cary Street Road corridor—luxury is expressed through timeless architecture, curated updates, and the quality of life these communities afford. Richmond’s Architectural Heritage, Reimagined True luxury in Richmond often appears as a Monument Avenue architectural masterpiece, a high-end Fan District renovation, or a groomed brick Georgian Revival home thoughtfully updated with modern conveniences. These homes blend preserved historical details—original millwork, plaster, fireplaces, ironwork—with refined upgrades that enhance comfort and function. Buyers seeking luxury homes in the Fan District, updated Museum District homes with modern amenities, or fully renovated Georgian homes in Richmond value both the architectural integrity and the elevated lifestyle these properties provide. via visitrichmondva.com

Richmond Market Report

$546,132

AVERAGE PRICE OF 951 HOMES

$350,218

AVERAGE PRICE OF 41 DISTRESSED HOMES

$1,784,848

AVERAGE PRICE OF 90 MULTI-MILLION DOLLAR HOMES

$528,972

AVERAGE PRICE OF 201 NEWLY BUILT HOMES

$556,752

AVERAGE PRICE OF 51 HOMES WITH A POOL

$421,074

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $546,132
Avg Bedrooms 2.62 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $268,897
2 bedrooms $327,381
3 bedrooms $433,561
4 bedrooms $621,392
5 bedrooms $1,089,951
Richmond Home Price Trends
  3/2026 2/2026 1/2026 12/2025 11/2025
Total Listings 914 833 818 912 1,034
Average Price $551,756 $540,787 $520,272 $530,423 $535,402
Avg Price Change +2.03% +3.94% -1.95% -0.94% -2.33%
Median Price $398,415 $390,296 $388,574 $387,980 $392,875
Med Price Change +2.08% +0.44% +0.15% -1.26% -1.10%
Avg Bedrooms 2.6 beds 2.61 beds 2.61 beds 2.63 beds 2.69 beds
Avg Bathrooms 2.1 baths 2.13 baths 2.12 baths 2.13 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 206 $428,470 78 days
Total Homes Average Price Avg Days on Site
All Homes 951 $546,132 82 days
Distressed Homes 41 $350,218 139 days
Multi-Million Dollar Homes 90 $1,784,848 112 days
Newly Built Homes 201 $528,972 88 days
Homes with a Pool 51 $556,752 60 days
Reduced Price Homes 29 $421,074 38 days