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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

$488,869

AVERAGE PRICE OF 855 HOMES

$237,573

AVERAGE PRICE OF 30 DISTRESSED HOMES

$1,821,435

AVERAGE PRICE OF 65 MULTI-MILLION DOLLAR HOMES

$566,886

AVERAGE PRICE OF 227 NEWLY BUILT HOMES

$643,082

AVERAGE PRICE OF 109 HOMES WITH A POOL

$319,080

AVERAGE PRICE OF 46 REDUCED PRICE HOMES

Average Home

Average Price $488,869
Avg Bedrooms 2.61 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $214,120
2 bedrooms $308,613
3 bedrooms $416,740
4 bedrooms $567,888
5 bedrooms $961,703
Richmond Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 798 803 855 839 803
Average Price $486,986 $501,255 $520,045 $527,149 $509,664
Avg Price Change -2.93% -3.75% -1.37% +3.43% +5.71%
Median Price $377,125 $390,314 $398,190 $399,831 $386,270
Med Price Change -3.50% -2.02% -0.41% +3.51% +5.32%
Avg Bedrooms 2.59 beds 2.63 beds 2.7 beds 2.72 beds 2.68 beds
Avg Bathrooms 2.11 baths 2.18 baths 2.25 baths 2.28 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 179 $341,253 75 days
Huguenot 102 $425,708 68 days
John Marshall 105 $404,961 49 days
Thomas Jefferson 144 $690,014 58 days
Wythe 114 $253,571 70 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 855 $488,869 71 days
Distressed Homes 30 $237,573 76 days
Multi-Million Dollar Homes 65 $1,821,435 119 days
Newly Built Homes 227 $566,886 106 days
Homes with a Pool 109 $643,082 86 days
Reduced Price Homes 46 $319,080 47 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: September 21, 2023 Feed Last Updated: September 21, 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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