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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

$569,217

AVERAGE PRICE OF 1,081 HOMES

$374,890

AVERAGE PRICE OF 25 DISTRESSED HOMES

$1,708,967

AVERAGE PRICE OF 109 MULTI-MILLION DOLLAR HOMES

$570,414

AVERAGE PRICE OF 212 NEWLY BUILT HOMES

$690,976

AVERAGE PRICE OF 86 HOMES WITH A POOL

$499,759

AVERAGE PRICE OF 42 REDUCED PRICE HOMES

Average Home

Average Price $569,217
Avg Bedrooms 2.73 beds
Avg Bathrooms 2.31 baths

Average Price by Bedrooms

1 bedroom $251,863
2 bedrooms $375,035
3 bedrooms $466,591
4 bedrooms $674,453
5 bedrooms $1,114,404
Richmond Home Price Trends
  4/2025 3/2025 2/2025 1/2025 12/2024
Total Listings 926 876 828 757 859
Average Price $561,796 $547,222 $535,517 $536,797 $538,220
Avg Price Change +2.66% +2.19% -0.24% -0.27% -3.24%
Median Price $410,437 $406,867 $398,995 $396,448 $393,597
Med Price Change +0.88% +1.97% +0.64% +0.72% -4.46%
Avg Bedrooms 2.65 beds 2.63 beds 2.61 beds 2.58 beds 2.56 beds
Avg Bathrooms 2.21 baths 2.18 baths 2.17 baths 2.12 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 251 $784,184 47 days
Total Homes Average Price Avg Days on Site
All Homes 1,081 $569,217 69 days
Distressed Homes 25 $374,890 113 days
Multi-Million Dollar Homes 109 $1,708,967 85 days
Newly Built Homes 212 $570,414 96 days
Homes with a Pool 86 $690,976 111 days
Reduced Price Homes 42 $499,759 37 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: May 17, 2025 Feed Last Updated: May 17, 2025

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 © 2025 Virginia MLS Cooperative. All rights reserved.

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