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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

$558,189

AVERAGE PRICE OF 955 HOMES

$355,629

AVERAGE PRICE OF 27 DISTRESSED HOMES

$1,867,194

AVERAGE PRICE OF 88 MULTI-MILLION DOLLAR HOMES

$580,178

AVERAGE PRICE OF 208 NEWLY BUILT HOMES

$628,678

AVERAGE PRICE OF 69 HOMES WITH A POOL

$437,737

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $558,189
Avg Bedrooms 2.66 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $236,020
2 bedrooms $351,527
3 bedrooms $456,870
4 bedrooms $642,354
5 bedrooms $1,047,510
Richmond Home Price Trends
  3/2025 2/2025 1/2025 12/2024 11/2024
Total Listings 876 828 757 859 956
Average Price $547,222 $535,517 $536,797 $538,220 $555,665
Avg Price Change +2.19% -0.24% -0.27% -3.24% +2.16%
Median Price $406,867 $398,995 $396,448 $393,597 $411,159
Med Price Change +1.97% +0.64% +0.72% -4.46% +2.21%
Avg Bedrooms 2.63 beds 2.61 beds 2.58 beds 2.56 beds 2.64 beds
Avg Bathrooms 2.18 baths 2.17 baths 2.12 baths 2.12 baths 2.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Thomas Jefferson 206 $789,827 52 days
Total Homes Average Price Avg Days on Site
All Homes 955 $558,189 72 days
Distressed Homes 27 $355,629 115 days
Multi-Million Dollar Homes 88 $1,867,194 102 days
Newly Built Homes 208 $580,178 92 days
Homes with a Pool 69 $628,678 119 days
Reduced Price Homes 26 $437,737 65 days
Small & Associates Real Estate, Inc.
3103 Ellwood Ave.
Richmond, VA 23221
804-353-1250

Listings Last Updated: April 18, 2025 Feed Last Updated: April 18, 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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