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Richmond

Why you'd want to live in Richmond

Incorporated as a city in 1782, Richmond is the capital of Virginia. Richmond is located in eastern Virginia, 60 miles west of the Chesapeake Bay, and 100 miles south of Washington, DC. In 1607, Captain James Smith and 120 men were the first Europeans to visit the falls on the James River where present day Richmond stands. The first settlement to survive began in 1644, with the construction of Fort Charles. Its inhabitants traded with the Powhatan Indians for pelts and tobacco. The settlement became a town in 1742.

Richmond Market Report

$403,804

AVERAGE PRICE OF 756 HOMES

$250,188

AVERAGE PRICE OF 26 DISTRESSED HOMES

$1,997,642

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$456,434

AVERAGE PRICE OF 183 NEWLY BUILT HOMES

$567,697

AVERAGE PRICE OF 64 HOMES WITH A POOL

$380,307

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $403,804
Avg Bedrooms 2.58 beds
Avg Bathrooms 2.03 baths

Average Price by Bedrooms

1 bedroom $278,221
2 bedrooms $281,999
3 bedrooms $326,758
4 bedrooms $474,745
5 bedrooms $785,909
Richmond Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 901 n/a 1,112 1,161 1,223
Average Price $414,875 n/a $407,731 $401,178 $399,556
Avg Price Change n/a n/a +1.63% +0.41% -1.81%
Median Price $309,694 n/a $318,446 $316,036 $310,378
Med Price Change n/a n/a +0.76% +1.82% +0.12%
Avg Bedrooms 2.61 beds n/a 2.7 beds 2.69 beds 2.69 beds
Avg Bathrooms 2.1 baths n/a 2.14 baths 2.14 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 181 $309,175 138 days
Huguenot 87 $322,729 96 days
John Marshall 84 $329,372 70 days
Thomas Jefferson 116 $638,524 109 days
Wythe 79 $231,500 93 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 756 $403,804 120 days
Distressed Homes 26 $250,188 143 days
Multi-Million Dollar Homes 31 $1,997,642 213 days
Newly Built Homes 183 $456,434 174 days
Homes with a Pool 64 $567,697 123 days
Reduced Price Homes 11 $380,307 47 days
Long & Foster Village of Midlothian - The Dorsey Group
Jim Dorsey
1100 Jefferson Green Cir
Midlothian, VA 23113
804-833-8039

Listings Last Updated: January 16, 2022 Feed Last Updated: January 16, 2022

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 © 2022 Virginia MLS Cooperative. All rights reserved.

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