Blake and Ali Poore Team

Richmond, VA

Single-Family Homes

Long & Foster Real Estate



Richmond, VA

Mon May 17 2021
This week the median list price for Richmond, VA is $334,950 with the market action index hovering around 93. This is an increase over last month's market action index of 90. Inventory has increased to 261. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Richmond, VA

Mon May 17 2021
This week the median list price for Richmond, VA is $334,950 with the market action index hovering around 93. This is an increase over last month's market action index of 90. Inventory has increased to 261. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $334,950
Median Price of New Listings $299,900
Per Square Foot $186
Average Days on Market 56
Median Days on Market 7
Price Decreased 16%
Price Increased 14%
Relisted 5%
Inventory 261
Median Rent $1,400
Market Action 93
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$649,500 2,787 6,500 - 8,000 sqft 4 3 76 24 19 28
$386,000 1,932 4,500 - 6,500 sqft 3 2 42 19 27 14
$285,000 1,632 8,000 - 10,000 sqft 3 2 59 38 34 0
$192,500 1,162 6,500 - 8,000 sqft 3 1 70 30 30 7