Housing in Richmond, VA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$359,900

Median List Price

$389,500

Price Per Sq Ft

$232

Days on Market

48

Active Inventory

337

Months of Supply

2.3

Seller's market

Zillow Home Value

$357,611

ZHVI — January 2026

Zillow Rent Index

$1,547

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 0.7%List Price ↑ 6.7%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

26.9%

Off Market in 2 Weeks

42.3%

Sale-to-List Ratio

98.9%

Buyer's market

Sold Above Asking
26.9%
Under Contract in 2 Wks
42.3%
Listings with Price Drops
23.4%

Market Activity

Source: Redfin

Homes Sold

149

New Listings

211

Pending Sales

194

Homes Sold ↓ 34.1%New Listings ↓ 28.2%Pending ↓ 35.1%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$232

Median List $/SF

$244

Sale $/SF ↓ 2.5%List $/SF ↓ 2.4%Mar 24 → Jan 26

Richmond vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 100,000 - 250,000 residents. Richmond is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$328,100

Median Rent

$1,314

Total Housing Units

112,848

Vacancy Rate

9.5%

Owner Occupied

43.5%

Renter Occupied

56.5%

Median Property Tax

$2,834

per year

Monthly Cost (w/ Mortgage)

$1,514

Housing Types

Single Family
52.5%
Multi-Family
46.7%
Mobile Home
0.8%

The current median sale price in Richmond, VA is $359,900 according to Redfin data. Homes spend a median of 48 days on the market. 26.9% of homes sold above asking price. The market has 2.3 months of supply. The median price per square foot is $232. Zillow's observed rent index is $1,547/month. About 43.5% of housing units are owner-occupied. The median year homes were built is 1959. There are 112,848 total housing units.