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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

$551,249

AVERAGE PRICE OF 919 HOMES

$558,542

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,835,246

AVERAGE PRICE OF 85 MULTI-MILLION DOLLAR HOMES

$692,806

AVERAGE PRICE OF 215 NEWLY BUILT HOMES

$633,069

AVERAGE PRICE OF 99 HOMES WITH A POOL

$450,530

AVERAGE PRICE OF 49 REDUCED PRICE HOMES

Average Home

Average Price $551,249
Avg Bedrooms 2.64 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $272,561
2 bedrooms $331,920
3 bedrooms $466,399
4 bedrooms $681,840
5 bedrooms $947,418
Richmond Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 920 869 808 766 744
Average Price $538,222 $533,773 $507,790 $489,494 $476,128
Avg Price Change +0.83% +5.12% +3.74% +2.81% -5.86%
Median Price $421,795 $400,254 $395,453 $395,243 $378,558
Med Price Change +5.38% +1.21% +0.05% +4.41% -2.31%
Avg Bedrooms 2.67 beds 2.67 beds 2.62 beds 2.58 beds 2.53 beds
Avg Bathrooms 2.2 baths 2.21 baths 2.12 baths 2.07 baths 2.03 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 210 $785,227 64 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 919 $551,249 71 days
Distressed Homes 20 $558,542 82 days
Multi-Million Dollar Homes 85 $1,835,246 92 days
Newly Built Homes 215 $692,806 105 days
Homes with a Pool 99 $633,069 101 days
Reduced Price Homes 49 $450,530 38 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: June 24, 2024 Feed Last Updated: June 24, 2024

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 © 2024 Virginia MLS Cooperative. All rights reserved.

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