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Richmond

Why you'd want to live in Richmond

In Richmond’s most coveted areas—Monument Avenue, the Fan District, the Museum District, Windsor Farms, Westhampton, Byrd Park, and the Cary Street Road corridor—luxury is expressed through timeless architecture, curated updates, and the quality of life these communities afford. Richmond’s Architectural Heritage, Reimagined True luxury in Richmond often appears as a Monument Avenue architectural masterpiece, a high-end Fan District renovation, or a groomed brick Georgian Revival home thoughtfully updated with modern conveniences. These homes blend preserved historical details—original millwork, plaster, fireplaces, ironwork—with refined upgrades that enhance comfort and function. Buyers seeking luxury homes in the Fan District, updated Museum District homes with modern amenities, or fully renovated Georgian homes in Richmond value both the architectural integrity and the elevated lifestyle these properties provide. via visitrichmondva.com

Richmond Market Report

$518,187

AVERAGE PRICE OF 819 HOMES

$347,049

AVERAGE PRICE OF 33 DISTRESSED HOMES

$1,847,270

AVERAGE PRICE OF 63 MULTI-MILLION DOLLAR HOMES

$536,856

AVERAGE PRICE OF 182 NEWLY BUILT HOMES

$510,279

AVERAGE PRICE OF 47 HOMES WITH A POOL

$393,977

AVERAGE PRICE OF 28 REDUCED PRICE HOMES

Average Home

Average Price $518,187
Avg Bedrooms 2.59 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $236,163
2 bedrooms $332,958
3 bedrooms $397,828
4 bedrooms $566,122
5 bedrooms $737,836
Richmond Home Price Trends
  12/2025 11/2025 10/2025 9/2025 8/2025
Total Listings 912 1,034 1,077 1,028 969
Average Price $530,423 $535,402 $547,900 $546,071 $533,615
Avg Price Change -0.94% -2.33% +0.33% +2.33% -3.68%
Median Price $387,980 $392,875 $397,205 $399,909 $400,260
Med Price Change -1.26% -1.10% -0.68% -0.09% -1.78%
Avg Bedrooms 2.63 beds 2.69 beds 2.66 beds 2.66 beds 2.66 beds
Avg Bathrooms 2.13 baths 2.17 baths 2.15 baths 2.2 baths 2.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 179 $386,657 94 days
Total Homes Average Price Avg Days on Site
All Homes 819 $518,187 99 days
Distressed Homes 33 $347,049 130 days
Multi-Million Dollar Homes 63 $1,847,270 174 days
Newly Built Homes 182 $536,856 109 days
Homes with a Pool 47 $510,279 57 days
Reduced Price Homes 28 $393,977 76 days