Why Live in Richlands
Although Richlands’ ample natural resources made it attractive to farmers, coal miners and steel producers over the years, industry never quite boomed in this small Appalachian community. Today, the town is large enough to have its own hospital and Walmart, but it remains quiet. "There's a real tight sense of community here," says Judy Horne, a broker with Goldwell Real Estate and local to the area. "People don't even lock their doors at night. And if anything happens, like a flooding problem, everyone pitches in to help their neighbors." Homes in Richlands tend to have slightly lower prices and are surrounded by lush mountainsides. "It's a small town, not even really an urban area," Horne says. "It's more country out here." Outside of a central historic district, most Richlands homes were built from the 1920s to the 1990s. Ranch-style homes, bungalows and Colonial Revivals are common. There is also a significant number of manufactured homes. "Most of our houses are older, and prices tend to be relatively affordable for the region," Horne says. "We are starting to see a shift to a buyer's market, so there are a bit more options for homebuyers."
Prices for older homes range from
Home Trends in Richlands, VA
On average, homes in Richlands, VA sell after 102 days on the market compared to the national average of 70 days. The median sale price for homes in Richlands, VA over the last 12 months is $79,500, down 26% from the median home sale price over the previous 12 months.
Median Sale Price
$79,500
Median Single Family Sale Price
$79,500
Average Price Per Sq Ft
$74
Number of Homes for Sale
4
Last 12 months Home Sales
51
Median List Price
$75,000
Median Change From 1st List Price
-6%
Median Home Sale Price YoY Change
-26%