Richmond

Why you'd want to live in Richmond

Richmond, the capital of Virginia, is among America’s oldest majorcities. Patrick Henry, a U.S. Founding Father, famously declared “Give me liberty or give me death” at its St. John's Church in 1775, leading to the Revolutionary War. The White House of the Confederacy, the home of Confederate President Jefferson Davis during the Civil War, is now a museum in Court End, a neighborhood known for Federal-style mansions.

Richmond Market Report

$415,130

AVERAGE PRICE OF 1,048 HOMES

$2,132,248

AVERAGE PRICE OF 52 MULTI-MILLION DOLLAR HOMES

$285,437

AVERAGE PRICE OF 43 DISTRESSED HOMES

$400,261

AVERAGE PRICE OF 279 NEWLY BUILT HOMES

$417,800

AVERAGE PRICE OF 76 HOMES WITH A POOL

$883,618

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $415,130
Avg Bedrooms 3.24 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $238,136
2 bedrooms $525,529
3 bedrooms $251,686
4 bedrooms $376,430
5 bedrooms $860,519
Richmond Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 1,102 1,218 1,323 1,363 1,303
Average Price $399,195 $414,257 $425,852 $413,906 $401,801
Avg Price Change -3.77% -2.80% +2.89% +3.01% +3.04%
Median Price $288,277 $290,543 $301,203 $302,382 $300,549
Med Price Change -0.79% -3.67% -0.39% +0.61% +2.01%
Avg Bedrooms 3.01 beds 3.15 beds 3.05 beds 3.01 beds 2.9 beds
Avg Bathrooms 2.01 baths 2.23 baths 2.52 baths 2.48 baths 2.55 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 223 $458,475 53 days
Highland Springs 1 $1,500,000 19 days
Huguenot 137 $344,224 72 days
John Marshall 108 $310,441 95 days
Thomas Jefferson 214 $1,411,973 77 days
Wythe 88 $230,615 92 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,048 $415,130 67 days
Multi-Million Dollar Homes 52 $2,132,248 92 days
Distressed Homes 43 $285,437 128 days
Newly Built Homes 279 $400,261 139 days
Homes with a Pool 76 $417,800 101 days
Reduced Price Homes 8 $883,618 48 days
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Listings Last Updated: February 28, 2021 Feed Last Updated: February 28, 2021

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