The Poore Team

Richmond, VA 23221

Single-Family Homes

Compass


Richmond, VA 23221

Mon Jun 30 2025
This week the median list price for Richmond, VA 23221 is $749,950 with the market action index hovering around 78. This is less than last month's market action index of 92. Inventory has held steady at or around 17. Click here to stay informed with the Richmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Richmond, VA 23221

Mon Jun 30 2025
This week the median list price for Richmond, VA 23221 is $749,950 with the market action index hovering around 78. This is less than last month's market action index of 92. Inventory has held steady at or around 17. Click here to stay informed with the Richmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $749,950
Median Price of New Listings $1,022,500
Per Square Foot $368
Average Days on Market 36
Median Days on Market 14
Price Decreased 18%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 78
Strong Seller's Market

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,225,000 3,814 8,000 - 10,000 sqft 4 4 86 1 1 7
$837,450 2,707 0 - 4,500 sqft 4 2.8 85 0 1 7
$687,475 1,842 0 - 4,500 sqft 3 2 100 0 1 24
$614,950 1,540 4,500 - 6,500 sqft 3 1.8 88 1 0 10