The Richmond housing market is most competitive. The median sale price of a home in Richmond was $596K last month, up 53.3% since last year. The median sale price per square foot in Richmond is $384, up 32.4% since last year.
What is the housing market like in Richmond today?
In June 2024, Richmond home prices were up 53.3% compared to last year, selling for a median price of $596K.
$395K
Sale Price
+11.3% since last year
$384
Sale $/Sq. Ft.
+32.4% since last year
Over List Price
7%
Days on Market
8
Down Payment
—
Total Homes Sold
1
To compare other locations to the Richmond and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Richmond's median sale price is 9% lower than the national average. Overall cost of living in Richmond is 15% higher than the national average. Learn which home features in Richmond add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Richmond housing market?
Richmond is most competitive. Homes sell in 8 days.
0
100
91
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 7% above list price and go pending in around 8 days.
Hot homes
can sell for about 15% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Richmond housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Richmond.
Flood Factor - Minor
26% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Richmond has a minor risk of flooding. 49 properties in Richmond are likely to be
severely affected
by flooding over the next 30 years. This represents 26% of all properties in Richmond. Flood risk is increasing slower than the national average.
55% of properties are at risk of wildfire over the next 30 years
Fire Factor
Richmond has a moderate risk of wildfire. There are 189 properties in Richmond that have some risk of being affected by wildfire over the next 30 years. This represents 55% of all properties in Richmond.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Richmond has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Richmond is most at risk from hurricanes. 342 properties in Richmond have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 55 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 59 mph.