The South Richmond housing market is somewhat competitive. The median sale price of a home in South Richmond was $284K last month, up 13.2% since last year. The median sale price per square foot in South Richmond is $212, down 3.2% since last year.
What is the housing market like in South Richmond today?
In May 2025, South Richmond home prices were up 13.2% compared to last year, selling for a median price of $284K. On average, homes in South Richmond sell after 37 days on the market compared to 13 days last year. There were 54 homes sold in May this year, down from 67 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$284,222
+13.2% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
South Richmond, VA
$284,223
+13.2%
United States
To compare other locations to the South Richmond and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Richmond add value to a home.
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How hot is the South Richmond housing market?
South Richmond is somewhat competitive. Homes sell in 38 days.
0
100
58
Somewhat 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 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 38 days.
Hot homes
can sell for around list price and go pending in around 10 days.
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 South Richmond housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Richmond.
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Richmond has a moderate risk of flooding. 731 properties in South Richmond are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in South Richmond. Flood risk is increasing slower than the national average.
11% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Richmond has a moderate risk of wildfire. There are 1,074 properties in South Richmond that have some risk of being affected by wildfire over the next 30 years. This represents 11% of all properties in South Richmond.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
South Richmond has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Richmond is most at risk from hurricanes. 9,093 properties in South 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 83 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 105 mph.