Richmond Market Report
$537,174
AVERAGE PRICE OF 1,013 HOMES$355,214
AVERAGE PRICE OF 17 DISTRESSED HOMES$1,780,631
AVERAGE PRICE OF 92 MULTI-MILLION DOLLAR HOMES$626,552
AVERAGE PRICE OF 220 NEWLY BUILT HOMES$574,253
AVERAGE PRICE OF 102 HOMES WITH A POOL$428,353
AVERAGE PRICE OF 40 REDUCED PRICE HOMESAverage Home
| Average Price | $537,174 |
| Avg Bedrooms | 2.6 beds |
| Avg Bathrooms | 2.15 baths |
Average Price by Bedrooms
| 1 bedroom | $269,955 |
| 2 bedrooms | $320,101 |
| 3 bedrooms | $458,150 |
| 4 bedrooms | $651,114 |
| 5 bedrooms | $1,064,889 |
Richmond Home Price Trends
| 9/2024 | 8/2024 | 7/2024 | 6/2024 | 5/2024 | |
|---|---|---|---|---|---|
| Total Listings | 947 | 917 | 896 | 902 | 920 |
| Average Price | $536,906 | $553,876 | $553,878 | $548,209 | $538,222 |
| Avg Price Change | -3.16% | 0.00% | +1.03% | +1.86% | +0.83% |
| Median Price | $401,912 | $401,189 | $401,979 | $409,244 | $421,795 |
| Med Price Change | +0.18% | -0.20% | -1.81% | -3.07% | +5.38% |
| Avg Bedrooms | 2.59 beds | 2.56 beds | 2.61 beds | 2.64 beds | 2.67 beds |
| Avg Bathrooms | 2.13 baths | 2.14 baths | 2.2 baths | 2.19 baths | 2.2 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Thomas Jefferson | 236 | $761,044 | 59 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,013 | $537,174 | 75 days |
| Distressed Homes | 17 | $355,214 | 125 days |
| Multi-Million Dollar Homes | 92 | $1,780,631 | 104 days |
| Newly Built Homes | 220 | $626,552 | 97 days |
| Homes with a Pool | 102 | $574,253 | 97 days |
| Reduced Price Homes | 40 | $428,353 | 57 days |
