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City / Town Overview

Richmond, VA

Aggregate real estate market report across all ZIPs in scope
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Richmond, VA real estate market currently shows 1,098 active listings, with 613 pending sales. Homes are averaging 35.9 days on the market before going under contract.

Inventory has increased compared to last year, with 107 more homes available — giving buyers more choice.

Homes are selling faster, averaging 35.9 days on market compared to 44.1 days last year.

The median listing price has risen 0.4% year-over-year, from $412,041 to $413,731.

Whether you are buying or selling in Richmond, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 402,649  ·  Density: 1,211.2/mi²  ·  Median household income: $66,180

Typical home value: $274,391  ·  Homeownership: 53%

Included Areas

Richmond: 23221, 23222, 23225, 23227, 23230, 23234, 23235, 23250, 23260, 23279, 23290, 23293

Shockoe Bottom: 23218, 23219, 23285, 23289, 23298

The Fan: 23220, 23261, 23269, 23295

Carver: 23232, 23276, 23284, 23286

Monroe Ward: 23274, 23291, 23292

Broad Rock: 23224, 23249

Roselawn: 23173

Mayfair Place: 23223

Club View: 23226

Lake Crystal Farms: 23236

Kingsland Acres: 23237

Fayette Park: 23241

Gilpin Court: 23278

Scott's Addition: 23282

Area Map

Market Overview

Active Listings
1,098
⇧ 10.8% vs 991 last year
Pending
613
56% pending ratio
Median Price
$413,731
⇧ 0.4% vs $412,041 last year
Average Price
$465,432
⇧ 4.1% vs $447,022 last year
Days on Market
35.9
⇩ 18.6% vs 44 days last year

Price Per Square Foot

Median $/sqft
$250
⇧ 0.6% vs $249/sqft last year
Median Home Size
1,684 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %