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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 HOMES

Average 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
Virginia Capital Realty
Susanne Gibson
1106 North Thompson St
Richmond, VA 23230
804-300-7383
804-545-6300

Listings Last Updated: September 22, 2021 Feed Last Updated: September 22, 2021

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 © 2021 Virginia MLS Cooperative. All rights reserved.

©2021 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: September 22, 2021

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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