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Richmond Market Report

$457,110

AVERAGE PRICE OF 918 HOMES

$287,944

AVERAGE PRICE OF 28 DISTRESSED HOMES

$1,925,925

AVERAGE PRICE OF 48 MULTI-MILLION DOLLAR HOMES

$507,778

AVERAGE PRICE OF 139 NEWLY BUILT HOMES

$632,560

AVERAGE PRICE OF 95 HOMES WITH A POOL

$334,781

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $457,110
Avg Bedrooms 2.81 beds
Avg Bathrooms 1.53 baths

Average Price by Bedrooms

1 bedroom $244,331
2 bedrooms $277,725
3 bedrooms $288,232
4 bedrooms $559,313
5 bedrooms $927,441
Richmond Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 813 769 762 904
Average Price n/a $449,093 $429,678 $406,444 $414,431
Avg Price Change n/a +4.52% +5.72% -1.97% n/a
Median Price n/a $327,444 $308,931 $300,025 $309,428
Med Price Change n/a +5.99% +2.97% -3.13% n/a
Avg Bedrooms n/a 3.06 beds 2.83 beds 2.79 beds 2.83 beds
Avg Bathrooms n/a 1.81 baths 1.58 baths 1.76 baths 1.76 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 173 $321,100 117 days
Huguenot 132 $345,035 71 days
John Marshall 92 $384,782 40 days
Other High School 1 $209,150 834 days
Thomas Jefferson 193 $689,305 36 days
Wythe 95 $225,182 58 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 918 $457,110 454 days
Distressed Homes 28 $287,944 155 days
Multi-Million Dollar Homes 48 $1,925,925 162 days
Newly Built Homes 139 $507,778 118 days
Homes with a Pool 95 $632,560 90 days
Reduced Price Homes 11 $334,781 27 days
Virginia Capital Realty
Susanne Gibson
1106 North Thompson St
Richmond, VA 23230
804-300-7383
804-545-6300

Listings Last Updated: May 18, 2022 Feed Last Updated: May 18, 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.

©2022 REIN, Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc, (REIN) and has authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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REIN update its listing on a daily basis. data last updated: May 18, 2022

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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