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Richmond

Why you'd want to live in Richmond

In Richmond’s most coveted areas—Monument Avenue, the Fan District, the Museum District, Windsor Farms, Westhampton, Byrd Park, and the Cary Street Road corridor—luxury is expressed through timeless architecture, curated updates, and the quality of life these communities afford. Richmond’s Architectural Heritage, Reimagined True luxury in Richmond often appears as a Monument Avenue architectural masterpiece, a high-end Fan District renovation, or a groomed brick Georgian Revival home thoughtfully updated with modern conveniences. These homes blend preserved historical details—original millwork, plaster, fireplaces, ironwork—with refined upgrades that enhance comfort and function. Buyers seeking luxury homes in the Fan District, updated Museum District homes with modern amenities, or fully renovated Georgian homes in Richmond value both the architectural integrity and the elevated lifestyle these properties provide. via visitrichmondva.com

Richmond Market Report

$508,581

AVERAGE PRICE OF 826 HOMES

$2,104,742

AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES

$535,142

AVERAGE PRICE OF 168 NEWLY BUILT HOMES

$1,035,066

AVERAGE PRICE OF 42 HOMES WITH A POOL

Average Home

Average Price $508,581
Avg Bedrooms 3.11 beds
Avg Bathrooms 2.54 baths

Average Price by Bedrooms

1 bedroom $242,264
2 bedrooms $326,794
3 bedrooms $447,868
4 bedrooms $648,385
5 bedrooms $1,221,799
Richmond Home Price Trends
  7/2026 6/2026 5/2026 4/2026 3/2026
Total Listings 872 n/a n/a n/a 914
Average Price $524,985 n/a n/a n/a $551,756
Avg Price Change n/a n/a n/a n/a +2.03%
Median Price $392,439 n/a n/a n/a $398,415
Med Price Change n/a n/a n/a n/a +2.08%
Avg Bedrooms 3.11 beds n/a n/a n/a 2.6 beds
Avg Bathrooms 2.55 baths n/a n/a n/a 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Armstrong 148 $401,350 62 days
Huguenot 119 $503,971 56 days
John Marshall 113 $407,816 65 days
Richmond High School For The Arts 95 $326,127 48 days
Thomas Jefferson 187 $792,633 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 826 $508,581 59 days
Multi-Million Dollar Homes 45 $2,104,742 71 days
Newly Built Homes 168 $535,142 101 days
Homes with a Pool 42 $1,035,066 49 days
Listings Last Updated: August 13, 2026 Feed Last Updated: August 13, 2026

All or a portion of the multiple Listing information is provided by the Virginia MLS Cooperative, from a copyrighted compilation of Listings. All Virginia MLS Cooperative information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2026 Virginia MLS Cooperative. All rights reserved.

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