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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

$529,353

AVERAGE PRICE OF 963 HOMES

$385,877

AVERAGE PRICE OF 26 DISTRESSED HOMES

$1,867,318

AVERAGE PRICE OF 80 MULTI-MILLION DOLLAR HOMES

$543,460

AVERAGE PRICE OF 218 NEWLY BUILT HOMES

$523,012

AVERAGE PRICE OF 45 HOMES WITH A POOL

$494,214

AVERAGE PRICE OF 41 REDUCED PRICE HOMES

Average Home

Average Price $529,353
Avg Bedrooms 2.66 beds
Avg Bathrooms 2.15 baths

Average Price by Bedrooms

1 bedroom $253,753
2 bedrooms $324,042
3 bedrooms $403,265
4 bedrooms $584,981
5 bedrooms $886,626
Richmond Home Price Trends
  11/2025 10/2025 9/2025 8/2025 7/2025
Total Listings 1,034 1,077 1,028 969 1,027
Average Price $535,402 $547,900 $546,071 $533,615 $553,229
Avg Price Change -2.33% +0.33% +2.33% -3.68% -1.71%
Median Price $392,875 $397,205 $399,909 $400,260 $407,387
Med Price Change -1.10% -0.68% -0.09% -1.78% -3.86%
Avg Bedrooms 2.69 beds 2.66 beds 2.66 beds 2.66 beds 2.74 beds
Avg Bathrooms 2.17 baths 2.15 baths 2.2 baths 2.19 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 211 $383,887 92 days
Total Homes Average Price Avg Days on Site
All Homes 963 $529,353 95 days
Distressed Homes 26 $385,877 153 days
Multi-Million Dollar Homes 80 $1,867,318 144 days
Newly Built Homes 218 $543,460 117 days
Homes with a Pool 45 $523,012 90 days
Reduced Price Homes 41 $494,214 88 days