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Richmond Market Report

$553,003

AVERAGE PRICE OF 910 HOMES

$485,311

AVERAGE PRICE OF 22 DISTRESSED HOMES

$1,846,142

AVERAGE PRICE OF 84 MULTI-MILLION DOLLAR HOMES

$685,821

AVERAGE PRICE OF 207 NEWLY BUILT HOMES

$614,528

AVERAGE PRICE OF 88 HOMES WITH A POOL

$515,859

AVERAGE PRICE OF 32 REDUCED PRICE HOMES

Average Home

Average Price $553,003
Avg Bedrooms 2.65 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $278,102
2 bedrooms $339,992
3 bedrooms $466,671
4 bedrooms $661,713
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 60 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 910 $553,003 70 days
Distressed Homes 22 $485,311 77 days
Multi-Million Dollar Homes 84 $1,846,142 88 days
Newly Built Homes 207 $685,821 107 days
Homes with a Pool 88 $614,528 115 days
Reduced Price Homes 32 $515,859 39 days
NextHome Advantage
Susie Hall
2400 Old Brick Road
Glen Allen, VA 23060
804-814-1517

Listings Last Updated: June 15, 2024 Feed Last Updated: June 15, 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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