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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

$551,059

AVERAGE PRICE OF 913 HOMES

$422,296

AVERAGE PRICE OF 26 DISTRESSED HOMES

$1,715,228

AVERAGE PRICE OF 92 MULTI-MILLION DOLLAR HOMES

$685,792

AVERAGE PRICE OF 214 NEWLY BUILT HOMES

$589,465

AVERAGE PRICE OF 94 HOMES WITH A POOL

$479,752

AVERAGE PRICE OF 28 REDUCED PRICE HOMES

Average Home

Average Price $551,059
Avg Bedrooms 2.65 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $268,324
2 bedrooms $330,490
3 bedrooms $473,392
4 bedrooms $645,004
5 bedrooms $1,077,493
Richmond Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 869 808 766 744 850
Average Price $533,773 $507,790 $489,494 $476,128 $504,032
Avg Price Change +5.12% +3.74% +2.81% -5.86% -1.21%
Median Price $400,254 $395,453 $395,243 $378,558 $387,319
Med Price Change +1.21% +0.05% +4.41% -2.31% +0.57%
Avg Bedrooms 2.67 beds 2.62 beds 2.58 beds 2.53 beds 2.62 beds
Avg Bathrooms 2.21 baths 2.12 baths 2.07 baths 2.03 baths 2.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 220 $775,257 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 913 $551,059 70 days
Distressed Homes 26 $422,296 78 days
Multi-Million Dollar Homes 92 $1,715,228 75 days
Newly Built Homes 214 $685,792 105 days
Homes with a Pool 94 $589,465 116 days
Reduced Price Homes 28 $479,752 53 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: May 26, 2024 Feed Last Updated: May 26, 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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