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

$406,155

AVERAGE PRICE OF 1,173 HOMES

$419,097

AVERAGE PRICE OF 233 NEWLY BUILT HOMES

$414,635

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

$261,757

AVERAGE PRICE OF 32 DISTRESSED HOMES

$1,954,660

AVERAGE PRICE OF 47 MULTI-MILLION DOLLAR HOMES

$570,440

AVERAGE PRICE OF 87 HOMES WITH A POOL

Average Home

Average Price $406,155
Avg Bedrooms 2.94 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $222,309
2 bedrooms $424,123
3 bedrooms $354,450
4 bedrooms $375,536
5 bedrooms $774,864
Richmond Home Price Trends
  8/2021 7/2021 6/2021 5/2021 4/2021
Total Listings 1,230 1,289 1,310 1,260 1,176
Average Price $401,080 $409,234 $400,053 $403,354 $413,288
Avg Price Change -2.03% +2.29% -0.83% -2.46% -0.29%
Median Price $310,970 $310,881 $315,257 $321,347 $303,596
Med Price Change +0.03% -1.41% -1.93% +5.85% +0.67%
Avg Bedrooms 3.13 beds 3.33 beds 3.02 beds 3.24 beds 3.3 beds
Avg Bathrooms 2.6 baths 2.63 baths 2.41 baths 2.41 baths 2.45 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 266 $352,834 59 days
Huguenot 145 $324,217 78 days
John Marshall 146 $417,695 47 days
Thomas Jefferson 231 $575,626 67 days
Wythe 86 $280,195 109 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,173 $406,155 58 days
Newly Built Homes 233 $419,097 115 days
Reduced Price Homes 35 $414,635 24 days
Distressed Homes 32 $261,757 167 days
Multi-Million Dollar Homes 47 $1,954,660 189 days
Homes with a Pool 87 $570,440 102 days
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Listings Last Updated: September 25, 2021 Feed Last Updated: September 25, 2021

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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of GAMLS. All real estate listings are marked with the GAMLS Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers. September 25, 2021
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