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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

$549,227

AVERAGE PRICE OF 907 HOMES

$735,869

AVERAGE PRICE OF 18 DISTRESSED HOMES

$2,030,228

AVERAGE PRICE OF 78 MULTI-MILLION DOLLAR HOMES

$606,031

AVERAGE PRICE OF 223 NEWLY BUILT HOMES

$675,371

AVERAGE PRICE OF 91 HOMES WITH A POOL

$391,333

AVERAGE PRICE OF 41 REDUCED PRICE HOMES

Average Home

Average Price $549,227
Avg Bedrooms 2.59 beds
Avg Bathrooms 2.15 baths

Average Price by Bedrooms

1 bedroom $279,936
2 bedrooms $313,114
3 bedrooms $451,400
4 bedrooms $632,443
5 bedrooms $1,159,081
Richmond Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 956 998 947 917 896
Average Price $555,665 $543,929 $536,906 $553,876 $553,878
Avg Price Change +2.16% +1.31% -3.16% 0.00% +1.03%
Median Price $411,159 $402,280 $401,912 $401,189 $401,979
Med Price Change +2.21% +0.09% +0.18% -0.20% -1.81%
Avg Bedrooms 2.64 beds 2.62 beds 2.59 beds 2.56 beds 2.61 beds
Avg Bathrooms 2.19 baths 2.16 baths 2.13 baths 2.14 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 180 $801,904 72 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 907 $549,227 87 days
Distressed Homes 18 $735,869 113 days
Multi-Million Dollar Homes 78 $2,030,228 125 days
Newly Built Homes 223 $606,031 110 days
Homes with a Pool 91 $675,371 117 days
Reduced Price Homes 41 $391,333 53 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: December 9, 2024 Feed Last Updated: December 9, 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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