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Richmond Market Report

$496,773

AVERAGE PRICE OF 784 HOMES

$543,556

AVERAGE PRICE OF 23 DISTRESSED HOMES

$1,689,737

AVERAGE PRICE OF 58 MULTI-MILLION DOLLAR HOMES

$631,069

AVERAGE PRICE OF 210 NEWLY BUILT HOMES

$532,885

AVERAGE PRICE OF 115 HOMES WITH A POOL

$441,266

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $496,773
Avg Bedrooms 2.6 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $212,164
2 bedrooms $312,476
3 bedrooms $423,610
4 bedrooms $579,794
5 bedrooms $814,244
Richmond Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 744 850 913 891 841
Average Price $476,128 $504,032 $510,106 $499,133 $483,384
Avg Price Change -5.86% -1.21% +2.20% +3.26% -0.75%
Median Price $378,558 $387,319 $385,109 $378,845 $370,787
Med Price Change -2.31% +0.57% +1.65% +2.17% -1.71%
Avg Bedrooms 2.53 beds 2.62 beds 2.68 beds 2.67 beds 2.59 beds
Avg Bathrooms 2.03 baths 2.13 baths 2.2 baths 2.17 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 171 $338,942 89 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 784 $496,773 78 days
Distressed Homes 23 $543,556 78 days
Multi-Million Dollar Homes 58 $1,689,737 134 days
Newly Built Homes 210 $631,069 106 days
Homes with a Pool 115 $532,885 83 days
Reduced Price Homes 23 $441,266 59 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: February 22, 2024 Feed Last Updated: February 22, 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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