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Featured local agent — Richlands, VA
Sarah Mitchell
Compass Real Estate · Richlands, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richlands, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$127,500median sale price
How is the Richlands, VA housing market right now?
The median home sale price in Richlands, VA is $127,500, down 19.3% year-over-year. Homes sell in an average of 65 days with 22 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Richlands a buyer's or seller's market?
Richlands, VA is currently a buyer's market, based on 5.5 months of supply and homes selling in about 65 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
65
Average pace
Active listings
22
5.5 months supply
Sale-to-list
88.7%
Below asking
What does the Richlands housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $127,500 |
| Median list price | $212,000 |
| Year-over-year price change | -19.3% |
| Average days on market | 65 days |
| Active inventory | 22 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 88.7% |
| Median price per sq ft | $47/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 9 |
| Listings with a price cut | 27.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Richlands by property type?
How the Richlands, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $127,500 | $47/sq ft | 4 | 65 days |
Source: Redfin · Updated monthly
The Richlands housing market is currently classified as a buyer's market with a median sale price of $127,500. Prices have fallen 19.3% compared to last year, with homes spending an average of 65 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Richlands
There are currently 22 homes listed for sale in Richlands, Virginia. The median listing price is $212K.
Active listings
22
Homes on market
Median list price
$212K
Avg. days on market
65
Days until sale
New this week
9
Newly listed
Who lives in Richlands?
Population
5,188
Median income
$37,382/yr
Median age
41.6 years
Owner-occupied
65.6%
College grads
14.8%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Richlands?
Zillow home value
$111,875
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Richlands?
Richlands is a community of approximately 5K residents with a median age of 41.6 years.The median household income is $37,382, which represents a working-class community with solid middle-income opportunities. 14.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richlands offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richlands?
3 schools tracked · 1,632 students
The largest public schools serving Richlands, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Richlands High
Grades 9-12 · 600 students
Richlands Elementary
Grades PK-5 · 561 students
Richlands Middle
Grades 6-8 · 471 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richlands, VA?
Want a head-to-head view? Compare Richlands side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Richlands?
The median home sale price in Richlands is $127,500, down 19.3% from last year.
How long do homes stay on market in Richlands?
Homes typically spend 65 days on market before going under contract.
What is the median income in Richlands?
The median household income is $37,382 per year.
Is Richlands a buyer's or seller's market?
With 5.5 months of supply, Richlands is currently a buyer's market.
What is the Zillow home value estimate for Richlands?
The Zillow Home Value Index (ZHVI) for Richlands is $111,875, representing the typical home value in the area.
How much does a single-family home cost in Richlands?
The median single-family home price in Richlands, VA is $127,500 (about $47 per square foot).
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