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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

$552,933

AVERAGE PRICE OF 906 HOMES

$485,311

AVERAGE PRICE OF 22 DISTRESSED HOMES

$1,846,142

AVERAGE PRICE OF 84 MULTI-MILLION DOLLAR HOMES

$687,038

AVERAGE PRICE OF 205 NEWLY BUILT HOMES

$615,887

AVERAGE PRICE OF 86 HOMES WITH A POOL

$514,165

AVERAGE PRICE OF 33 REDUCED PRICE HOMES

Average Home

Average Price $552,933
Avg Bedrooms 2.64 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $278,102
2 bedrooms $338,684
3 bedrooms $467,711
4 bedrooms $662,911
5 bedrooms $979,864
Richmond Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 920 869 808 766 744
Average Price $538,222 $533,773 $507,790 $489,494 $476,128
Avg Price Change +0.83% +5.12% +3.74% +2.81% -5.86%
Median Price $421,795 $400,254 $395,453 $395,243 $378,558
Med Price Change +5.38% +1.21% +0.05% +4.41% -2.31%
Avg Bedrooms 2.67 beds 2.67 beds 2.62 beds 2.58 beds 2.53 beds
Avg Bathrooms 2.2 baths 2.21 baths 2.12 baths 2.07 baths 2.03 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 216 $785,581 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 906 $552,933 71 days
Distressed Homes 22 $485,311 78 days
Multi-Million Dollar Homes 84 $1,846,142 89 days
Newly Built Homes 205 $687,038 108 days
Homes with a Pool 86 $615,887 117 days
Reduced Price Homes 33 $514,165 40 days
Listings Last Updated: June 16, 2024 Feed Last Updated: June 16, 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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