Richmond - VA housing market

The typical home value ($397,963) 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 2.5% over the past year. In Richmond - VA, that means a home worth $388,257 last year is now worth roughly $397,963.

The median sale price, what homes actually close for, is $392,694. Homes are selling at 101.3% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Richmond - VA sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,698 new listings hit the market each month in Richmond - VA. There are currently 3,530 homes for sale, up 4.7% from a year ago.

The typical monthly rent in Richmond - VA is $1,751, up 2.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.9x, toss-up (#63 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,046 a month in principal and interest, $295 more than renting before taxes, insurance and upkeep. The two break even at a 5.21% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →