Richmond Market Report
$425,848
AVERAGE PRICE OF 1,346 HOMES$273,395
AVERAGE PRICE OF 43 DISTRESSED HOMES$2,086,112
AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES$398,670
AVERAGE PRICE OF 263 NEWLY BUILT HOMES$547,247
AVERAGE PRICE OF 98 HOMES WITH A POOL$455,068
AVERAGE PRICE OF 36 REDUCED PRICE HOMESAverage Home
| Average Price | $425,848 |
| Avg Bedrooms | 2.8 beds |
| Avg Bathrooms | 2.31 baths |
Average Price by Bedrooms
| 1 bedroom | $225,725 |
| 2 bedrooms | $256,579 |
| 3 bedrooms | $319,186 |
| 4 bedrooms | $466,694 |
| 5 bedrooms | $836,725 |
Richmond Home Price Trends
| 9/2020 | 8/2020 | 7/2020 | 6/2020 | 5/2020 | |
|---|---|---|---|---|---|
| Total Listings | 1,297 | 1,263 | 1,261 | 1,272 | 1,229 |
| Average Price | $400,612 | $389,181 | $382,510 | $374,347 | $368,093 |
| Avg Price Change | +2.94% | +1.74% | +2.18% | +1.70% | -0.30% |
| Median Price | $299,528 | $293,891 | $288,981 | $280,336 | $275,120 |
| Med Price Change | +1.92% | +1.70% | +3.08% | +1.90% | +0.08% |
| Avg Bedrooms | 2.8 beds | 2.82 beds | 2.81 beds | 2.79 beds | 2.77 beds |
| Avg Bathrooms | 2.29 baths | 2.31 baths | 2.28 baths | 2.25 baths | 2.21 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Armstrong | 252 | $317,714 | 94 days |
| Huguenot | 165 | $316,578 | 92 days |
| John Marshall | 136 | $314,592 | 68 days |
| Thomas Jefferson | 302 | $640,519 | 71 days |
| Wythe | 92 | $212,290 | 155 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,346 | $425,848 | 118 days |
| Distressed Homes | 43 | $273,395 | 139 days |
| Multi-Million Dollar Homes | 71 | $2,086,112 | 131 days |
| Newly Built Homes | 263 | $398,670 | 113 days |
| Homes with a Pool | 98 | $547,247 | 113 days |
| Reduced Price Homes | 36 | $455,068 | 37 days |
