Altos Market Data for Realtors

Richmond, VA

Single-Family Homes

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Richmond, VA

Fri Jun 06 2025
This week the median list price for Richmond, VA is $445,450 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has held steady at or around 420. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Richmond, VA

Fri Jun 06 2025
This week the median list price for Richmond, VA is $445,450 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has held steady at or around 420. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $445,450
Median Price of New Listings $375,000
Per Square Foot $237
Average Days on Market 60
Median Days on Market 28
Price Decreased 31%
Price Increased 3%
Relisted 10%
Inventory 420
Median Rent
Market Action 61
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$749,000 2,856 6,500 - 8,000 sqft 4 3 58 8 17 28
$489,950 2,119 4,500 - 6,500 sqft 4 2.5 19 11 14 28
$399,000 1,826 8,000 - 10,000 sqft 3 2.5 45 20 20 21
$279,950 1,249 6,500 - 8,000 sqft 3 1.5 70 22 29 21