Richmond - VA housing market
The Richmond metro has a typical home value of $397,705, up 2.3% from a year ago. Homes are moving fast at 6 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($397,705) is the Zillow Home Value Index for the Richmond - VA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.3% over the past year. In Richmond - VA, that means a home worth $388,763 last year is now worth roughly $397,705.
The median sale price , what homes actually close for , is $382,178. Homes are selling at 100.5% of list price, meaning buyers are typically paying at or above asking.
Homes listed in Richmond - VA sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.
About 20.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,805 new listings hit the market each month in Richmond - VA. There are currently 3,254 homes for sale, up 7.9% from a year ago.
The typical monthly rent in Richmond - VA is $1,763, up 3.3% year over year. For investors, the price-to-rent ratio here is roughly 19x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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Other metros in VA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Washington - DC | $583,013 | -0.5% | 8.0d |
| Virginia Beach - VA | $373,678 | +2.5% | 22.0d |
| Roanoke - VA | $301,139 | +3.8% | 13.0d |
| Lynchburg - VA | $291,459 | +2.7% | 13.0d |