Explore Richmond
No properties matching your criteria were found. Try modifying your search and try again.
Why Live in Richmond
Richmond's James River Park System provides direct access to hiking, biking, and whitewater rafting within city limits, while Belle Isle features Civil War ruins and scenic river views. The Virginia Museum of Fine Arts showcases world-renowned art collections with free admission, complemented by 100+ parks throughout the city. Food culture thrives through standout restaurants like L'Opossum, known for contemporary American cuisine, and Mama J's authentic soul food in historic Jackson Ward. The Carytown district features independent boutiques, while Scott's Addition has become a destination for craft breweries and entertainment venues.
The Richmond housing market includes diverse options across distinct neighborhoods. The Fan District contains single family homes with a median price of $841,000, while similar properties in Carytown have a median of $541,500. Church Hill single family homes show a median of $581,800, and Windsor Farms reaches a median of $1,807,500. One bedroom condos throughout Richmond have a median price of $256,000, while two bedroom units reflect a median of $337,500.
Richmond's cost of living sits 5.6% below the national average. A family with school-age children requires approximately $100,000 annual income to live comfortably, with monthly expenses averaging $8,000. The property tax rate of 0.86% compares favorably to Petersburg at 0.92%. Top-rated schools include the public Maggie Walker Governor's School and private institutions like St. Catherine's School and Collegiate School. Virginia Commonwealth University and Virginia Union University provide higher education options. The GRTC Transit System serves the area, with the Pulse bus rapid transit line running east to west. Washington D.C. lies 100 miles north, a two-hour drive via I-95.
Home Prices in Richmond, VA
The median home sale price in Richmond, VA is $389,000, down 1% year-over-year. Homes in Richmond sell in 36 days on average, compared to the national average of 58 days.
Home Price Trends
|
Median Sale Price
$389,000
|
Median Single Family Sale Price
$399,950
|
|
Median Townhouse Sale Price
$360,000
|
Median 2 Bedroom Sale Price
$300,000
|
|
Median 1 Bedroom Sale Price
$239,000
|
Average Price Per Sq Ft
$268
|
|
Number of Homes for Sale
526
|
Last 12 months Home Sales
3,596
|
|
Months of Supply
1.80
|
Median List Price
$398,835
|
|
Median Change From 1st List Price
0%
|
Median Home Sale Price YoY Change
-1%
|
Popular Home Searches in Richmond, VA
Richmond buyers often look for architectural variety, practical layouts, and features that suit a range of neighborhoods from the Fan to the suburbs.
- Drawn to character and charm? Explore craftsman style or Victorian homes in neighborhoods like Church Hill or the Fan District.
- Need room for everyday life? Check out homes with basements or garages for storage and utility.
- Want outdoor space? Browse listings with a deck or yard to enjoy Richmond’s four seasons.
- Prefer updated features? Consider modern homes or new construction in the West End or Manchester.
- Looking for comfort in the summer? Look for homes with air conditioning or shaded patios.