Richmond, VA Real Estate Market Trends & Home Values

Richmond, VA Market Overview

Real estate market trends reflect that there have been 121 transactions over the past year in Richmond. The median value for residential home transactions that occurred over the previous year is $289,508. The number of current listings in Richmond is 543, and the percentage of properties for sale in the city is 89.3%. Richmond, VA currently has 65 properties in foreclosure, 0 bank owned properties, 65 properties headed for auction, and 543 properties for sale.

Active Residential Inventory

608

Total Inventory

Recently Sold Properties

3,424

Total Sales (Last 6 Months)

Foreclosures ( 65 )

10.7%

Pre-foreclosures ( 0 )

Bank Owned ( 0 )

Auctions ( 65 )

10.7%

For Sale ( 543 )

89.3%

Richmond, VA Home Values

$289,508

Richmond home values range from $12,200 to $7,818,200. The median estimated value of a home in Richmond is $289,508. The median list price of a home is $342,985, and the total count of properties in the city is 80,710.

Richmond, VA Real Estate Market Overview

Richmond, VA Foreclosures Market Overview

Last 24 Hours

Zip Code	Median Est. Value
23221	$451,712 $305.00/sqft
23220	$435,662 $282.00/sqft
23225	$357,206 $208.00/sqft
23227	$348,211 $184.00/sqft
23235	$325,164 $209.00/sqft
23234	$274,300 $164.00/sqft
23231	$262,673 $206.00/sqft
23223	$234,721 $156.00/sqft
23224	$227,447 $156.00/sqft
23222	$177,500 $145.00/sqft

There are 14 zip codes within Richmond, VA; within these zip codes, the median estimated home value for homes in foreclosure ranges from $842,384 in 23221 to the lowest value of $110,791 in 23234. Foreclosure homes account for 0.08% of properties in Richmond, VA with 23223 containing 18 foreclosures, the highest number of foreclosure properties in a single zip code.