Richlands, VA Home Values & Market Trends
Real estate market trends reflect that there have been 61 transactions over the past year in Richlands. The median value for residential home transactions that occurred over the previous year is $145,000. The number of current listings in Richlands is 47, and the percentage of properties for sale in the city is 47.00%. Richlands, VA currently has 2 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 47 properties for sale.
Richlands, VA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 24641 | $ 145,000 $ 93/sqft |
Housing Market Summary for Richlands, VA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $94,900 | $94,900 | - |
| Median Sold Price | $109.3K | $130.4K | 19.25% |
| Homes For Sale | 38 | 46 | 21.05% |
| Homes Sold | 27 | 19 | -29.63% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Richlands, VA
Browse Homes in Richlands, VA
Richlands home values range from $19,915 to $1,199,999. The median estimated value of a home in Richlands is $145,000. The median list price of a home is 94,900, and the total count of properties in the city is 69.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Richlands, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Richlands, VA; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Richlands, VA ranges from the highest value of $281,041 in 24641 to the lowest value of $281,041 in 24641. Bank owned homes and properties account for 1.45% of properties in Richlands, VA. There is 1 zips within Richlands, VA; 24641 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions24641 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Richlands, VA. Auction homes and other auction properties account for 1.45% of all properties in Richlands, VA. There is 1 zips within Richlands, VA; of that zips, the median estimated home value for homes going to auction ranges from $276,111 in 24641 to the lowest value of $276,111 in 24641.
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Guide for Richlands, VA
Virginia Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.