Why Live in Oakwood
Oakwood, part of the Oakwood-Chimborazo Historic District in Richmond's East End, is a neighborhood rich in history and architectural charm. Developed in the late 1800s with the advent of trolley lines, it features a mix of Italianate, Queen Anne, and Victorian-inspired townhouses from the late 19th and early 20th centuries, as well as mid-1900s single-family homes. The area is known for its walkability and proximity to the vibrant Church Hill district, a hub for shopping and dining. Local highlights include Oakwood Playground, which offers a pirate-themed playground, sports fields, and a running path, and the historic Oakwood Cemetery, a popular spot for walking and exercise. Grocery shopping is convenient with The Market at 25th and ChimboMart nearby, while big box stores like Target and Walmart are about 3 miles away. Dining options include Alewife, Riverbend Roastery, and Soul N' Vinegar, each offering unique culinary experiences. Annual events in the nearby Church Hill area, such as the Church Hill Irish Festival and the Church Hill Spring Fest & Market, add to the community spirit. Oakwood is well-connected with major highways like I-95 and I-64, and public transit via GRTC buses. The neighborhood is safer than the national average, making it a practical choice for residents.
Home Trends in Oakwood, VA
On average, homes in Oakwood, Richmond sell after 37 days on the market compared to the national average of 51 days. The median sale price for homes in Oakwood, Richmond over the last 12 months is $245,000, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$245,000
Median Single Family Sale Price
$317,875
Median 2 Bedroom Sale Price
$112,500
Median 1 Bedroom Sale Price
$101,500
Average Price Per Sq Ft
$202
Number of Homes for Sale
11
Last 12 months Home Sales
39
Median List Price
$252,500
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
9%