Richmond Market Report

$399,506

AVERAGE PRICE OF 744 HOMES

$236,179

AVERAGE PRICE OF 25 DISTRESSED HOMES

$2,033,376

AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

$460,348

AVERAGE PRICE OF 177 NEWLY BUILT HOMES

$553,060

AVERAGE PRICE OF 68 HOMES WITH A POOL

$340,466

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $399,506
Avg Bedrooms 2.56 beds
Avg Bathrooms 2 baths

Average Price by Bedrooms

1 bedroom $272,138
2 bedrooms $301,909
3 bedrooms $323,911
4 bedrooms $469,380
5 bedrooms $781,039
Richmond Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 901 n/a 1,112 1,161 1,223
Average Price $414,875 n/a $407,731 $401,178 $399,556
Avg Price Change n/a n/a +1.63% +0.41% -1.81%
Median Price $309,694 n/a $318,446 $316,036 $310,378
Med Price Change n/a n/a +0.76% +1.82% +0.12%
Avg Bedrooms 2.61 beds n/a 2.7 beds 2.69 beds 2.69 beds
Avg Bathrooms 2.1 baths n/a 2.14 baths 2.14 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 177 $310,849 144 days
Huguenot 93 $310,008 91 days
John Marshall 82 $324,926 71 days
Thomas Jefferson 107 $625,224 106 days
Wythe 76 $223,051 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 744 $399,506 121 days
Distressed Homes 25 $236,179 150 days
Multi-Million Dollar Homes 29 $2,033,376 232 days
Newly Built Homes 177 $460,348 174 days
Homes with a Pool 68 $553,060 120 days
Reduced Price Homes 14 $340,466 50 days
804.New.Home (804.639.4663)
1 Park West Circle #203
Midlothian, VA 23114

Listings Last Updated: January 26, 2022 Feed Last Updated: January 26, 2022

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 © 2022 Virginia MLS Cooperative. All rights reserved.

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