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Richmond Market Report

$555,199

AVERAGE PRICE OF 910 HOMES

$522,002

AVERAGE PRICE OF 20 DISTRESSED HOMES

$1,913,408

AVERAGE PRICE OF 83 MULTI-MILLION DOLLAR HOMES

$666,285

AVERAGE PRICE OF 225 NEWLY BUILT HOMES

$638,283

AVERAGE PRICE OF 107 HOMES WITH A POOL

$483,063

AVERAGE PRICE OF 47 REDUCED PRICE HOMES

Average Home

Average Price $555,199
Avg Bedrooms 2.61 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $245,046
2 bedrooms $339,722
3 bedrooms $457,203
4 bedrooms $664,115
5 bedrooms $938,688
Richmond Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 902 920 869 808 766
Average Price $548,209 $538,222 $533,773 $507,790 $489,494
Avg Price Change +1.86% +0.83% +5.12% +3.74% +2.81%
Median Price $409,244 $421,795 $400,254 $395,453 $395,243
Med Price Change -3.07% +5.38% +1.21% +0.05% +4.41%
Avg Bedrooms 2.64 beds 2.67 beds 2.67 beds 2.62 beds 2.58 beds
Avg Bathrooms 2.19 baths 2.2 baths 2.21 baths 2.12 baths 2.07 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 187 $772,597 76 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 910 $555,199 77 days
Distressed Homes 20 $522,002 93 days
Multi-Million Dollar Homes 83 $1,913,408 107 days
Newly Built Homes 225 $666,285 111 days
Homes with a Pool 107 $638,283 103 days
Reduced Price Homes 47 $483,063 44 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: July 22, 2024 Feed Last Updated: July 22, 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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