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

$398,621

AVERAGE PRICE OF 780 HOMES

$1,982,835

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$457,059

AVERAGE PRICE OF 185 NEWLY BUILT HOMES

$234,980

AVERAGE PRICE OF 26 DISTRESSED HOMES

$553,134

AVERAGE PRICE OF 68 HOMES WITH A POOL

$357,407

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $398,621
Avg Bedrooms 2.87 beds
Avg Bathrooms 2.41 baths

Average Price by Bedrooms

1 bedroom $272,138
2 bedrooms $573,615
3 bedrooms $349,251
4 bedrooms $345,366
5 bedrooms $787,250
Richmond Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 918 n/a 1,127 1,169 1,230
Average Price $416,582 n/a $407,842 $400,922 $401,080
Avg Price Change n/a n/a +1.73% -0.04% -2.03%
Median Price $311,481 n/a $319,637 $316,511 $310,970
Med Price Change n/a n/a +0.99% +1.78% +0.03%
Avg Bedrooms 2.96 beds n/a 2.94 beds 2.9 beds 3.13 beds
Avg Bathrooms 2.48 baths n/a 2.24 baths 2.35 baths 2.6 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 184 $311,025 138 days
George Wythe High School For The Arts 2 $379,999 44 days
Highland Springs 1 $1,500,000 94 days
Huguenot 95 $308,144 88 days
John Marshall 88 $386,266 124 days
Monacan 1 $429,900 71 days
Thomas Jefferson 109 $629,512 105 days
Wythe 82 $227,601 85 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 780 $398,621 96 days
Multi-Million Dollar Homes 31 $1,982,835 161 days
Newly Built Homes 185 $457,059 130 days
Distressed Homes 26 $234,980 142 days
Homes with a Pool 68 $553,134 117 days
Reduced Price Homes 14 $357,407 55 days
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Listings Last Updated: January 22, 2022 Feed Last Updated: January 22, 2022

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