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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

$541,080

AVERAGE PRICE OF 882 HOMES

$399,195

AVERAGE PRICE OF 25 DISTRESSED HOMES

$1,715,798

AVERAGE PRICE OF 91 MULTI-MILLION DOLLAR HOMES

$675,930

AVERAGE PRICE OF 205 NEWLY BUILT HOMES

$563,871

AVERAGE PRICE OF 106 HOMES WITH A POOL

$450,559

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $541,080
Avg Bedrooms 2.68 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $278,100
2 bedrooms $334,409
3 bedrooms $458,657
4 bedrooms $681,540
5 bedrooms $1,067,967
Richmond Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 808 766 744 850 913
Average Price $507,790 $489,494 $476,128 $504,032 $510,106
Avg Price Change +3.74% +2.81% -5.86% -1.21% +2.20%
Median Price $395,453 $395,243 $378,558 $387,319 $385,109
Med Price Change +0.05% +4.41% -2.31% +0.57% +1.65%
Avg Bedrooms 2.62 beds 2.58 beds 2.53 beds 2.62 beds 2.68 beds
Avg Bathrooms 2.12 baths 2.07 baths 2.03 baths 2.13 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 216 $804,439 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 882 $541,080 72 days
Distressed Homes 25 $399,195 84 days
Multi-Million Dollar Homes 91 $1,715,798 83 days
Newly Built Homes 205 $675,930 117 days
Homes with a Pool 106 $563,871 104 days
Reduced Price Homes 36 $450,559 50 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: April 19, 2024 Feed Last Updated: April 19, 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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