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Dalton Addition Lake Park

RICHLANDS, VA 24641

Real Estate Market Report  ·  Tazewell County
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 24641

Dalton Addition · Lake Park

Market Analysis

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

The RICHLANDS, VA real estate market (24641) currently shows 32 active listings, with 8 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 118 days on market compared to 85 days last year.

The median listing price has fallen 1.1% year-over-year, from $187,450 to $185,475.

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Market Context

Market Context

Population: 5,456  ·  Density: 108.9/mi²  ·  Median household income: $36,919

Typical home value: $110,115  ·  Homeownership: 66.0%

Market Overview

Active Listings
32
⇧ 39.1% vs 23 last year
Pending
8
25% pending ratio
Median Price
$185,475
⇩ 1.1% vs $187,450 last year
Average Price
$221,136
⇧ 14.8% vs $192,698 last year
Days on Market
118
⇧ 38.8% vs 85 days last year

Price Per Square Foot

Median $/sqft
$102
⇩ 13.6% vs $118/sqft last year
Median Home Size
1,709 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 23 last year
  • Days on market: 118 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $185,475 (-1.1% YoY)
  • Average: $221,136 (+14.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.7 miles — 98 listings ($24,207,743 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24641Richlands, VA 246410.0 mi25$4,674,450$186,200$186,978
24639Raven, VA 246396.6 mi3$516,201$167,200$172,067
24637Pounding Mill, VA 246377.1 mi15$4,496,235$254,900$299,749
24602Bandy, VA 246029.4 mi2$269,900$134,950$134,950
24631Oakwood, VA 2463112.6 mi3$951,000$317,000$317,000
24377Tannersville, VA 2437715.4 mi1$119,999$119,999$119,999
24651Tazewell, VA 2465117.2 mi17$3,401,343$203,700$200,079
24884Squire, WV 2488418.0 mi1$80,000$80,000$80,000
24614Grundy, VA 2461419.9 mi10$1,909,000$134,475$190,900
24225Cleveland, VA 2422520.9 mi5$1,630,895$207,995$326,179
24220Birchleaf, VA 2422023.1 mi2$1,248,000$624,000$624,000
24361Meadowview, VA 2436124.4 mi12$4,662,720$359,900$388,560
24620Hurley, VA 2462024.7 mi2$248,000$124,000$124,000

Frequently Asked Questions

How many homes are for sale in RICHLANDS, VA 24641?

As of September 2026, there are 32 active listings in RICHLANDS, VA (zip code 24641), compared to 23 the prior year.

What is the median home price in RICHLANDS, VA 24641?

The median listing price in RICHLANDS, VA 24641 is $185,475 as of September 2026, a 1.1% decrease from $187,450 the prior year.

How long do homes stay on the market in RICHLANDS, VA?

Homes in RICHLANDS, VA 24641 spend an average of 118 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in RICHLANDS, VA 24641?

Based on current inventory and days-on-market data as of September 2026, RICHLANDS, VA 24641 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 118 days on market compared to 85 days last year.

How much can I save on real estate commission in RICHLANDS, VA?

With SELL123.com's maximum 3% commission, sellers in RICHLANDS, VA 24641 save an estimated $3,710 compared to a typical 5% commission on the median listing price of $185,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.