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Richmond

Why you'd want to live in Richmond

Richmond is a city in Virginia with a population of 227,171. Richmond is in Richmond City County. Living in Richmond offers residents an urban suburban mix feel and most residents rent their homes. In Richmond there are a lot of restaurants, coffee shops, and parks. Many young professionals live in Richmond. via niche.com

Richmond Market Report

$534,016

AVERAGE PRICE OF 767 HOMES

$389,510

AVERAGE PRICE OF 23 DISTRESSED HOMES

$2,041,485

AVERAGE PRICE OF 55 MULTI-MILLION DOLLAR HOMES

$608,489

AVERAGE PRICE OF 197 NEWLY BUILT HOMES

$572,402

AVERAGE PRICE OF 73 HOMES WITH A POOL

$382,992

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $534,016
Avg Bedrooms 2.61 beds
Avg Bathrooms 2.15 baths

Average Price by Bedrooms

1 bedroom $266,527
2 bedrooms $323,633
3 bedrooms $449,096
4 bedrooms $545,598
5 bedrooms $887,922
Richmond Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 859 956 998 947 917
Average Price $538,220 $555,665 $543,929 $536,906 $553,876
Avg Price Change -3.24% +2.16% +1.31% -3.16% 0.00%
Median Price $393,597 $411,159 $402,280 $401,912 $401,189
Med Price Change -4.46% +2.21% +0.09% +0.18% -0.20%
Avg Bedrooms 2.56 beds 2.64 beds 2.62 beds 2.59 beds 2.56 beds
Avg Bathrooms 2.12 baths 2.19 baths 2.16 baths 2.13 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 154 $414,385 81 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 767 $534,016 91 days
Distressed Homes 23 $389,510 111 days
Multi-Million Dollar Homes 55 $2,041,485 148 days
Newly Built Homes 197 $608,489 115 days
Homes with a Pool 73 $572,402 134 days
Reduced Price Homes 31 $382,992 51 days
KW Metro Center
Chris Herron
15871 City View Dr, Ste 120
Midlothian, VA 23113
804-299-6722

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Listings Last Updated: January 22, 2025 Feed Last Updated: January 22, 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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