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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

$554,511

AVERAGE PRICE OF 870 HOMES

$353,834

AVERAGE PRICE OF 26 DISTRESSED HOMES

$2,118,545

AVERAGE PRICE OF 66 MULTI-MILLION DOLLAR HOMES

$588,284

AVERAGE PRICE OF 211 NEWLY BUILT HOMES

$589,988

AVERAGE PRICE OF 80 HOMES WITH A POOL

$374,971

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $554,511
Avg Bedrooms 2.63 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $264,652
2 bedrooms $404,954
3 bedrooms $455,209
4 bedrooms $611,400
5 bedrooms $898,313
Richmond Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 828 757 859 956 998
Average Price $535,517 $536,797 $538,220 $555,665 $543,929
Avg Price Change -0.24% -0.27% -3.24% +2.16% +1.31%
Median Price $398,995 $396,448 $393,597 $411,159 $402,280
Med Price Change +0.64% +0.72% -4.46% +2.21% +0.09%
Avg Bedrooms 2.61 beds 2.58 beds 2.56 beds 2.64 beds 2.62 beds
Avg Bathrooms 2.17 baths 2.12 baths 2.12 baths 2.19 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 188 $724,149 79 days
Total Homes Average Price Avg Days on Site
All Homes 870 $554,511 82 days
Distressed Homes 26 $353,834 116 days
Multi-Million Dollar Homes 66 $2,118,545 125 days
Newly Built Homes 211 $588,284 113 days
Homes with a Pool 80 $589,988 129 days
Reduced Price Homes 29 $374,971 43 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: March 20, 2025 Feed Last Updated: March 20, 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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