Blake and Ali Poore Team

Richmond, VA

Single-Family Homes

Long & Foster Real Estate



Richmond, VA

Wed Sep 22 2021
This week the median list price for Richmond, VA is $309,975 with the market action index hovering around 81. This is less than last month's market action index of 85. Inventory has increased to 386. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Richmond, VA

Wed Sep 22 2021
This week the median list price for Richmond, VA is $309,975 with the market action index hovering around 81. This is less than last month's market action index of 85. Inventory has increased to 386. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $309,975
Median Price of New Listings $314,975
Per Square Foot $192
Average Days on Market 41
Median Days on Market 21
Price Decreased 33%
Price Increased 3%
Relisted 7%
Inventory 386
Median Rent $1,750
Market Action 81
Strong Seller's Market

The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$522,500 2,533 6,500 - 8,000 sqft 4 3 71 38 22 24
$350,000 1,908 6,500 - 8,000 sqft 4 2 57 26 21 21
$275,000 1,452 8,000 - 10,000 sqft 3 2 54 24 23 21
$199,000 1,120 8,000 - 10,000 sqft 3 1 71 38 30 21