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City / Town Overview

Richmond, VA

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

Market Analysis

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

The Richmond, VA real estate market currently shows 1,254 active listings, with 598 pending sales. Homes are averaging 36.2 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 36.2 days on market compared to 40.6 days last year.

The median listing price has risen 0.6% year-over-year, from $411,561 to $414,209.

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: 23173, 23218, 23219, 23221, 23230, 23234, 23235, 23241, 23250, 23279, 23289, 23290

The Fan: 23220, 23260, 23261, 23269, 23295

Carver: 23232, 23276, 23284, 23286

Monroe Ward: 23274, 23291, 23292

Broad Rock: 23224, 23249

Shockoe Bottom: 23285, 23298

East Highland Park: 23222

Mayfair Place: 23223

Forest View: 23225

Club View: 23226

Three Fountains North: 23227

Lake Crystal Farms: 23236

Kingsland Acres: 23237

Gilpin Court: 23278

Area Map

Market Overview

Active Listings
1,254
⇧ 0.4% vs 1,249 last year
Pending
598
48% pending ratio
Median Price
$414,209
⇧ 0.6% vs $411,561 last year
Average Price
$483,176
⇧ 3.2% vs $467,969 last year
Days on Market
36.2
⇩ 10.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$246
⇧ 0.2% vs $246/sqft last year
Median Home Size
1,676 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 %