Richmond Real Estate Trends & Statistics

Richmond Median List Price

$159,950

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Richmond Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	1,298	1,317	1%	1,673	22%
Median List Price	$159,950	$159,950		$169,000	5%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	2%	3%		4%
Median DOM	59	58	2%	62	5%
Median House Size	1,543	1,544		1,596	3%
Median $/Sqft	$104/sqft	$103/sqft	1%	$105/sqft	1%

	Today	1 Month Ago		1 Year Ago
Total Inventory	1,087	1,099	1%	1,407	23%
Median List Price	$150,000	$149,950		$164,950	9%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	4%		4%
Median DOM	57	55	4%	61	7%
Median House Size	1,584	1,594	1%	1,660	5%
Median $/Sqft	$96/sqft	$95/sqft	1%	$99/sqft	3%

	Today	1 Month Ago		1 Year Ago
Total Inventory	211	218	3%	266	21%
Median List Price	$210,000	$205,000	2%	$183,000	15%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	-	-		1%
Median DOM	64	70	9%	75	15%
Median House Size	1,127	1,200	6%	1,191	5%
Median $/Sqft	$193/sqft	$190/sqft	2%	$172/sqft	12%

Richmond Market Data

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	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	315	296	151	237	225	280	291
New Listings	395	343	265	483	476	510	611
Sold/Expired	527	457	394	523	463	534	618

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	293	268	139	217	199	247	259
New Listings	344	298	233	422	414	453	538
Sold/Expired	460	408	351	465	413	470	542

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	22	28	12	20	26	33	32
New Listings	51	45	32	61	62	57	73
Sold/Expired	67	49	43	58	50	64	76

Richmond, Virginia real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Richmond homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Richmond. Movoto is your comprehensive source for Richmond property information. Where possible, Movoto uses the Active listing data from MRIS, Real Estate Information Network to calculate the Total Active Inventory, Median List Price, % Distressed, Median Days on Market, Median House size by livable square feet, Median Price per Sq.Ft (which is calculated by dividing Median House Size by Median Sq. Ft. of Active listings), and Price per Sq. Ft (which is calculated by dividing the specific Sq. Ft of the home by the current price of the home). We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Richmond, VA Market Overview

Inventory: 1,298 Recently Sold: 618 New Listings: 611 Distressed: 2

Richmond's home resale inventories decreased slightly, with a 1 percent decrease since April 2013. Distressed properties such as foreclosures and short sales decreased as a percentage of the total market in May. The median listing price in Richmond stayed the same from April to May. There were a total of 20 price increases and 291 price decreases.

Updated: 05/01/2013

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Nearby Homes for Sale

500 N 33rd St, Richmond, VA