$39,950
3310 Richmond Henrico Tpke
Richmond, VA
Land2,339 sqft lot
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Sarah Mitchell
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Compass Real Estate · Richmond, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Richmond, VA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Richmond, VA Housing Market & Real Estate
Strong seller's market-3.2% YoY
Housing market overview · Updated monthly ·
$426,000median sale price
How is the Richmond, VA housing market right now?
The median home sale price in Richmond, VA is $426,000, down 3.2% year-over-year. Homes sell in an average of 12 days with 383 active listings. The market is currently a strong seller'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 Richmond a buyer's or seller's market?
Strong seller's market1.3 months of supply12 avg. days on market
Richmond, VA is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
304
Last 12 weeks
Days on market
12
Fast-moving
Active listings
383
1.3 months supply
Sale-to-list
102.8%
Above asking
What does the Richmond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $426,000 |
| Median list price | $435,000 |
| Year-over-year price change | -3.2% |
| Average days on market | 12 days |
| Active inventory | 383 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 102.8% |
| Median price per sq ft | $272/sq ft |
| Homes sold (latest month) | 304 |
| New listings (latest month) | 346 |
| Listings with a price cut | 33.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Richmond by property type?
How the Richmond, 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 | $470,000 | $272/sq ft | 247 | 11 days |
| Condo / Co-op | $350,000 | $363/sq ft | 33 | 12 days |
| Townhouse | $382,790 | $194/sq ft | 13 | 48 days |
Source: Redfin · Updated monthly
The Richmond housing market is currently classified as a strong seller's market with a median sale price of $426,000. Prices have fallen 3.2% compared to last year, with homes spending an average of 12 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Homes for sale in Richmond
There are currently 383 homes listed for sale in Richmond, Virginia. The median listing price is $435K. Featured listings range from $39,950 to $1,379,000.
$294,950
4812 Twila Ln
Richmond, VA
3 bd2 ba1,170 sqft$252/ft²
House13,591 sqft lot
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$325,000
400 W 29th St
Richmond, VA
3 bd2 ba1,134 sqft$287/ft²
House7,697 sqft lot
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$349,950
5518 Wainwright Dr
Richmond, VA
3 bd2 ba1,188 sqft$295/ft²
House11,252 sqft lot
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$349,950
5413 Seminary Ave
Richmond, VA
3 bd2 ba1,345 sqft$260/ft²
House9,309 sqft lot
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$405,000
307 W 26th St
Richmond, VA
3 bd2 ba1,571 sqft$258/ft²
House9,178 sqft lot
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$449,500
2205 Vandover Rd
Richmond, VA
3 bd2 ba1,456 sqft$309/ft²
House12,114 sqft lot
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$465,000
3114 Park Ave
Richmond, VA
1,540 sqft$302/ft²
Multi-family3,498 sqft lot
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$467,090
3312 Sunstone Dr
Richmond, VA
4 bd2 ba2,405 sqft$194/ft²
House
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$489,990
405 W 34th St
Richmond, VA
4 bd2 ba1,730 sqft$283/ft²
House9,178 sqft lot
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$924,990
4812 Augusta Ave
Richmond, VA
3 bd3 ba2,516 sqft$368/ft²
House6,652 sqft lot
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$1,379,000
2403 E Grace St
Richmond, VA
4 bd3 ba5,309 sqft$260/ft²
House4,874 sqft lot
View photos & details
Looking to buy in Richmond?
Get connected with a local real estate expert — free, no obligation.
Active listings
383
Homes on market
Median list price
$435K
Avg. days on market
12
Days until sale
New this week
346
Newly listed
Price drops:33.4%of listings
Sale-to-list:102.8%
Who lives in Richmond?
Population
227,595
Median income
$62,671/yr
Median age
34.5 years
Owner-occupied
43.5%
College grads
44.1%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Richmond?
Zillow home value
$379,365
Zillow rent index
$1,682/mo
Price-to-rent ratio
18.8x
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Richmond?
Richmond is a community of approximately 228K residents with a median age of 34.5 years.The median household income is $62,671, which represents a working-class community with solid middle-income opportunities. 44.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 43.5%, showing a blend of owner and renter-occupied properties. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richmond offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richmond?
50 schools tracked · 42,008 students
The largest public schools serving Richmond, 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.
John Randolph Tucker High
Grades 9-12 · 2,032 students
Douglas S. Freeman High
Grades 9-12 · 1,887 students
Mills E. Godwin High
Grades 9-12 · 1,740 students
Hermitage High
Grades 9-12 · 1,720 students
Monacan High
Grades 9-12 · 1,643 students
Huguenot High
Grades 9-12 · 1,507 students
Varina High
Grades 9-12 · 1,411 students
Henrico High
Grades 9-12 · 1,310 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 Richmond, VA?
Want a head-to-head view? Compare Richmond side-by-side with any other U.S. city using our market-comparison tool.
Is Richmond a good real estate investment market?
For investors evaluating Richmond, the price-to-rent ratio of 18.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 3.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Richmond's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Richmond's median home price.
Frequently asked questions
What is the average home price in Richmond?
The median home sale price in Richmond is $426,000, down 3.2% from last year.
How long do homes stay on market in Richmond?
Homes typically spend 12 days on market before going under contract.
What is the median income in Richmond?
The median household income is $62,671 per year.
Is Richmond a buyer's or seller's market?
With 1.3 months of supply, Richmond is currently a strong seller's market.
How many homes are for sale in Richmond?
There are currently 383 homes listed for sale in Richmond, VA.
What is the Zillow home value estimate for Richmond?
The Zillow Home Value Index (ZHVI) for Richmond is $379,365, representing the typical home value in the area.
What is the median condo price in Richmond?
The median condo/co-op sale price in Richmond, VA is $350,000, compared to $470,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richmond?
The median single-family home price in Richmond, VA is $470,000 (about $272 per square foot).
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