Richmond Market Report
$403,056
AVERAGE PRICE OF 1,168 HOMES$263,789
AVERAGE PRICE OF 32 DISTRESSED HOMES$1,899,467
AVERAGE PRICE OF 47 MULTI-MILLION DOLLAR HOMES$416,191
AVERAGE PRICE OF 234 NEWLY BUILT HOMES$547,414
AVERAGE PRICE OF 87 HOMES WITH A POOL$305,784
AVERAGE PRICE OF 41 REDUCED PRICE HOMESAverage Home
| Average Price | $403,056 |
| Avg Bedrooms | 3.1 beds |
| Avg Bathrooms | 2.09 baths |
Average Price by Bedrooms
| 1 bedroom | $224,754 |
| 2 bedrooms | $284,506 |
| 3 bedrooms | $339,010 |
| 4 bedrooms | $341,524 |
| 5 bedrooms | $827,586 |
Richmond Home Price Trends
| 8/2021 | 7/2021 | 6/2021 | 5/2021 | 4/2021 | |
|---|---|---|---|---|---|
| Total Listings | 1,229 | 1,286 | 1,305 | 1,251 | 1,167 |
| Average Price | $398,896 | $406,049 | $397,425 | $401,092 | $410,964 |
| Avg Price Change | -1.79% | +2.17% | -0.92% | -2.46% | -0.23% |
| Median Price | $310,066 | $309,651 | $314,882 | $320,965 | $303,129 |
| Med Price Change | +0.13% | -1.69% | -1.93% | +5.88% | +0.91% |
| Avg Bedrooms | 2.82 beds | 2.69 beds | 2.52 beds | 2.69 beds | 2.87 beds |
| Avg Bathrooms | 1.94 baths | 1.89 baths | 1.74 baths | 1.53 baths | 1.68 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Armstrong | 264 | $306,432 | 104 days |
| Henrico | 1 | $220,000 | 92 days |
| Hermitage | 1 | $249,900 | 85 days |
| Huguenot | 149 | $334,884 | 82 days |
| John Marshall | 144 | $320,827 | 58 days |
| Monacan | 2 | $266,250 | 67 days |
| Other High School | 1 | $209,150 | 623 days |
| Thomas Jefferson | 232 | $557,483 | 54 days |
| Wythe | 87 | $281,689 | 110 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,168 | $403,056 | 128 days |
| Distressed Homes | 32 | $263,789 | 176 days |
| Multi-Million Dollar Homes | 47 | $1,899,467 | 189 days |
| Newly Built Homes | 234 | $416,191 | 172 days |
| Homes with a Pool | 87 | $547,414 | 102 days |
| Reduced Price Homes | 41 | $305,784 | 62 days |
