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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

$408,210

AVERAGE PRICE OF 1,100 HOMES

$282,958

AVERAGE PRICE OF 31 DISTRESSED HOMES

$1,927,085

AVERAGE PRICE OF 46 MULTI-MILLION DOLLAR HOMES

$428,200

AVERAGE PRICE OF 202 NEWLY BUILT HOMES

$587,917

AVERAGE PRICE OF 72 HOMES WITH A POOL

$386,365

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $408,210
Avg Bedrooms 2.69 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $255,775
2 bedrooms $260,176
3 bedrooms $337,494
4 bedrooms $479,678
5 bedrooms $898,982
Richmond Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 1,161 1,223 1,280 1,301 1,249
Average Price $401,178 $399,556 $406,799 $397,822 $401,400
Avg Price Change +0.41% -1.81% +2.26% -0.90% -2.41%
Median Price $316,036 $310,378 $309,999 $315,143 $321,126
Med Price Change +1.82% +0.12% -1.66% -1.90% +5.93%
Avg Bedrooms 2.69 beds 2.69 beds 2.69 beds 2.67 beds 2.65 beds
Avg Bathrooms 2.14 baths 2.14 baths 2.16 baths 2.14 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 242 $308,885 108 days
Huguenot 149 $314,308 69 days
John Marshall 130 $313,452 60 days
Thomas Jefferson 224 $625,103 72 days
Wythe 90 $288,193 111 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,100 $408,210 94 days
Distressed Homes 31 $282,958 176 days
Multi-Million Dollar Homes 46 $1,927,085 191 days
Newly Built Homes 202 $428,200 179 days
Homes with a Pool 72 $587,917 89 days
Reduced Price Homes 23 $386,365 43 days
Long & Foster Village of Midlothian - The Dorsey Group
Jim Dorsey
1100 Jefferson Green Cir
Midlothian, VA 23113
804-833-8039

Listings Last Updated: October 27, 2021 Feed Last Updated: October 27, 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.

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