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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

$505,115

AVERAGE PRICE OF 868 HOMES

$221,934

AVERAGE PRICE OF 30 DISTRESSED HOMES

$1,935,667

AVERAGE PRICE OF 62 MULTI-MILLION DOLLAR HOMES

$612,673

AVERAGE PRICE OF 230 NEWLY BUILT HOMES

$627,972

AVERAGE PRICE OF 113 HOMES WITH A POOL

$441,391

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $505,115
Avg Bedrooms 2.61 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $210,554
2 bedrooms $311,110
3 bedrooms $434,488
4 bedrooms $570,794
5 bedrooms $890,645
Richmond Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 913 891 841 798 803
Average Price $510,106 $499,133 $483,384 $486,986 $501,255
Avg Price Change +2.20% +3.26% -0.75% -2.93% -3.75%
Median Price $385,109 $378,845 $370,787 $377,125 $390,314
Med Price Change +1.65% +2.17% -1.71% -3.50% -2.02%
Avg Bedrooms 2.68 beds 2.67 beds 2.59 beds 2.59 beds 2.63 beds
Avg Bathrooms 2.2 baths 2.17 baths 2.1 baths 2.11 baths 2.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 193 $347,029 85 days
Huguenot 97 $426,643 106 days
John Marshall 112 $389,046 47 days
Thomas Jefferson 178 $670,700 56 days
Wythe 102 $287,392 74 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 868 $505,115 81 days
Distressed Homes 30 $221,934 92 days
Multi-Million Dollar Homes 62 $1,935,667 137 days
Newly Built Homes 230 $612,673 106 days
Homes with a Pool 113 $627,972 92 days
Reduced Price Homes 29 $441,391 56 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: December 10, 2023 Feed Last Updated: December 10, 2023

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 © 2023 Virginia MLS Cooperative. All rights reserved.

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