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Richmond Market Report

$368,799

AVERAGE PRICE OF 1,256 HOMES

$248,078

AVERAGE PRICE OF 46 DISTRESSED HOMES

$1,877,929

AVERAGE PRICE OF 50 MULTI-MILLION DOLLAR HOMES

$406,062

AVERAGE PRICE OF 205 NEWLY BUILT HOMES

$587,453

AVERAGE PRICE OF 65 HOMES WITH A POOL

$360,274

AVERAGE PRICE OF 32 REDUCED PRICE HOMES

Average Home

Average Price $368,799
Avg Bedrooms 2.78 beds
Avg Bathrooms 2.23 baths

Average Price by Bedrooms

1 bedroom $201,189
2 bedrooms $238,185
3 bedrooms $291,891
4 bedrooms $442,683
5 bedrooms $648,047
Richmond Home Price Trends
  4/2020 3/2020 2/2020 1/2020 12/2019
Total Listings 1,273 1,232 1,124 1,074 1,233
Average Price $369,204 $365,404 $353,519 $349,611 $356,300
Avg Price Change +1.04% +3.36% +1.12% -1.91% -0.31%
Median Price $274,901 $268,960 $252,633 $250,641 $249,940
Med Price Change +2.21% +6.46% +0.79% +0.28% -3.42%
Avg Bedrooms 2.8 beds 2.77 beds 2.71 beds 2.66 beds 2.67 beds
Avg Bathrooms 2.21 baths 2.16 baths 2.08 baths 2.04 baths 2.04 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 245 $283,384 91 days
Huguenot 155 $337,536 95 days
John Marshall 165 $299,289 66 days
Thomas Jefferson 230 $546,443 69 days
Wythe 97 $202,841 142 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,256 $368,799 109 days
Distressed Homes 46 $248,078 117 days
Multi-Million Dollar Homes 50 $1,877,929 143 days
Newly Built Homes 205 $406,062 104 days
Homes with a Pool 65 $587,453 79 days
Reduced Price Homes 32 $360,274 43 days
Keller Williams - Tina Morris and Company
Tina Morris
15871 City View Dr #120
Midlothian, VA 23113
804-638-4944

Listings Last Updated: May 27, 2020 Feed Last Updated: May 27, 2020

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 © 2020 Virginia MLS Cooperative. All rights reserved.