Why Live in Monroe Ward
Monroe Ward, located in the heart of downtown Richmond, Virginia, is a historic neighborhood known for its proximity to the James River and Virginia Commonwealth University (VCU). The area is rich in history, featuring Civil War sites and buildings with unique architectural details like antique doorknobs and stained-glass windows. Monroe Ward's grid-style streets are lined with well-preserved buildings that have been converted into condos and apartments, making it a popular rental area for VCU students. The neighborhood is within walking distance of numerous bars, restaurants, and parks, including the James River Park System and Monroe Park, Richmond's oldest park, which offers free Wi-Fi and is a hub for college students. For those seeking things to do, the Potterfield Bridge provides scenic views of the James River, while Perly’s on East Grace Street serves up renowned Jewish cuisine. Families in Monroe Ward have access to William Fox Elementary, which is highly rated for its diversity. The neighborhood is fairly walkable, with easy access to Interstates 64 and 95, and is served by the Greater Richmond Transit Company. Local amenities include nearby grocery options like Kroger and Whole Foods on West Broad Street, ensuring convenience for residents.
Home Trends in Monroe Ward, VA
On average, homes in Monroe Ward, Richmond sell after 251 days on the market compared to the national average of 51 days. The median sale price for homes in Monroe Ward, Richmond over the last 12 months is $857,626, up 50% from the median home sale price over the previous 12 months.
Median Sale Price
$857,626
Median Single Family Sale Price
$799,990
Median Townhouse Sale Price
$789,900
Median 1 Bedroom Sale Price
$306,975
Average Price Per Sq Ft
$309
Number of Homes for Sale
5
Last 12 months Home Sales
4
Median List Price
$789,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
50%