Richmond, VA Home Values & Market Trends
Real estate market trends reflect that there have been 4,662 transactions over the past year in Richmond. The median value for residential home transactions that occurred over the previous year is $314,779.27. The number of current listings in Richmond is 356, and the percentage of properties for sale in the city is 356.00%. Richmond, VA currently has 49 properties in foreclosure, 7 bank owned properties, 42 properties headed for auction, and 356 properties for sale.
Richmond, VA Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
23223 | $ 259,950 $ 194/sqft | 23221 | $ 672,221 $ 368/sqft |
23223 | $ 259,950 $ 194/sqft | 23221 | $ 672,221 $ 368/sqft |
23223 | $ 259,950 $ 194/sqft | 23221 | $ 672,221 $ 368/sqft |
23222 | $ 268,268 $ 169/sqft | 23227 | $ 371,901 $ 214/sqft |
23222 | $ 268,268 $ 169/sqft | 23227 | $ 371,901 $ 214/sqft |
23222 | $ 268,268 $ 169/sqft | 23227 | $ 371,901 $ 214/sqft |
23225 | $ 322,750 $ 218/sqft | 23230 | $ 289,000 $ 254/sqft |
23225 | $ 322,750 $ 218/sqft | 23230 | $ 289,000 $ 254/sqft |
23225 | $ 322,750 $ 218/sqft | 23230 | $ 289,000 $ 254/sqft |
23224 | $ 230,000 $ 194/sqft | 23219 | $ 380,980 $ 362/sqft |
23236 | $ 354,925 $ 181/sqft | 23219 | $ 380,980 $ 362/sqft |
23224 | $ 230,000 $ 194/sqft | 23219 | $ 380,980 $ 362/sqft |
23236 | $ 354,925 $ 181/sqft | 23173 | $ -- $ -- |
23224 | $ 230,000 $ 194/sqft | 23284 | $ -- $ -- |
23236 | $ 354,925 $ 181/sqft | 23232 | $ -- $ -- |
23235 | $ 383,764 $ 184/sqft | 23250 | $ -- $ -- |
23235 | $ 383,764 $ 184/sqft | 23298 | $ -- $ -- |
23235 | $ 383,764 $ 184/sqft | 23269 | $ -- $ -- |
23237 | $ 310,093 $ 190/sqft | 23173 | $ -- $ -- |
23237 | $ 310,093 $ 190/sqft | 23284 | $ -- $ -- |
23237 | $ 310,093 $ 190/sqft | 23232 | $ -- $ -- |
23234 | $ 271,987 $ 187/sqft | 23250 | $ -- $ -- |
23234 | $ 271,987 $ 187/sqft | 23298 | $ -- $ -- |
23234 | $ 271,987 $ 187/sqft | 23269 | $ -- $ -- |
23226 | $ 649,075 $ 322/sqft | 23173 | $ -- $ -- |
23226 | $ 649,075 $ 322/sqft | 23284 | $ -- $ -- |
23226 | $ 649,075 $ 322/sqft | 23232 | $ -- $ -- |
23220 | $ 574,500 $ 275/sqft | 23250 | $ -- $ -- |
23220 | $ 574,500 $ 275/sqft | 23298 | $ -- $ -- |
23220 | $ 574,500 $ 275/sqft | 23269 | $ -- $ -- |
Housing Market Summary for Richmond, VA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $316.7K | $323.9K | 2.27% |
Median Sold Price | $294.9K | $323.9K | 9.82% |
Homes For Sale | 352 | 330 | -6.25% |
Homes Sold | 2,453 | 2,456 | 0.12% |
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 Richmond, VA
Browse Homes in Richmond, VA
Richmond home values range from $21,254 to $13,024,624. The median estimated value of a home in Richmond is $314,779.27. The median list price of a home is 334,975, and the total count of properties in the city is 82,310.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Richmond, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 60 zips within Richmond, VA; of those 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 Richmond, VA ranges from the highest value of $295,123 in 23235 to the lowest value of $83,980 in 23219. Bank owned homes and properties account for 0.01% of properties in Richmond, VA. There are 60 zips within Richmond, VA; 23223 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions23223 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Richmond, VA. Auction homes and other auction properties account for 0.05% of all properties in Richmond, VA. There are 60 zips within Richmond, VA; of those zips, the median estimated home value for homes going to auction ranges from $692,387 in 23226 to the lowest value of $157,833 in 23226.
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More Real Estate Resources for Richmond, VA
Guide for Richmond, VA
The Chesapeake real estate market has seen steady growth in property values, increasing by 7% over 11 months.
The property market in Virginia Beach, VA, has generally seen an increase in property values, per square foot values, and sold prices from 2022 to 2023. Factors such as economic growth and societal changes may contribute to this upward trend.
Virginia Foreclosure Laws
Learn how to secure a house mortgage even with a low credit score.