VA · Metro #45

Richmond - VA housing market

Current home values, days on market, and price-cut activity for the Richmond - VA metro. Data refreshed from Zillow Research monthly.

Typical home value
$391,102
+1.9% vs. year ago
Median list price
$389,983
Days on market
12.0d
Listings w/ price cut
19.4%
Context

How to read this data

The typical home value ($391,102) is the Zillow Home Value Index for the Richmond - VA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.9% over the past year. In Richmond - VA, that means a home worth $383,810 last year is now worth roughly $391,102.

Homes listed in Richmond - VA sit on the market for roughly 12.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in VA

MetroHome value1-yr changeDays on market
Washington - DC$580,335 -0.4% 16.0d
Virginia Beach - VA$369,238 +2.0% 32.0d
Roanoke - VA$295,391 +3.3% 33.0d
Lynchburg - VA$285,312 +1.8% 31.0d
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