Richmond Market Report
$550,870
AVERAGE PRICE OF 881 HOMES$354,788
AVERAGE PRICE OF 25 DISTRESSED HOMES$2,134,215
AVERAGE PRICE OF 65 MULTI-MILLION DOLLAR HOMES$587,684
AVERAGE PRICE OF 214 NEWLY BUILT HOMES$586,800
AVERAGE PRICE OF 82 HOMES WITH A POOL$377,512
AVERAGE PRICE OF 30 REDUCED PRICE HOMESAverage Home
| Average Price | $550,870 |
| Avg Bedrooms | 2.64 beds |
| Avg Bathrooms | 2.18 baths |
Average Price by Bedrooms
| 1 bedroom | $264,652 |
| 2 bedrooms | $406,221 |
| 3 bedrooms | $452,622 |
| 4 bedrooms | $606,680 |
| 5 bedrooms | $886,548 |
Richmond Home Price Trends
| 2/2025 | 1/2025 | 12/2024 | 11/2024 | 10/2024 | |
|---|---|---|---|---|---|
| Total Listings | 828 | 757 | 859 | 956 | 998 |
| Average Price | $535,517 | $536,797 | $538,220 | $555,665 | $543,929 |
| Avg Price Change | -0.24% | -0.27% | -3.24% | +2.16% | +1.31% |
| Median Price | $398,995 | $396,448 | $393,597 | $411,159 | $402,280 |
| Med Price Change | +0.64% | +0.72% | -4.46% | +2.21% | +0.09% |
| Avg Bedrooms | 2.61 beds | 2.58 beds | 2.56 beds | 2.64 beds | 2.62 beds |
| Avg Bathrooms | 2.17 baths | 2.12 baths | 2.12 baths | 2.19 baths | 2.16 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Thomas Jefferson | 188 | $718,412 | 79 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 881 | $550,870 | 82 days |
| Distressed Homes | 25 | $354,788 | 120 days |
| Multi-Million Dollar Homes | 65 | $2,134,215 | 126 days |
| Newly Built Homes | 214 | $587,684 | 113 days |
| Homes with a Pool | 82 | $586,800 | 130 days |
| Reduced Price Homes | 30 | $377,512 | 52 days |
