New Downward Trend in Home Prices for Richmond City Real Estate Market

With home sales in the Richmond City market already below average, in this week's report they fell 11.6% to 190 homes sold over the last 30 days. Within the same time period, Chesterfield County had 377 sales, the most of all counties in the area. The median sales price of homes sold came in at $213,455, which extended a downward swing in price to four weeks. In spite of the falling prices, a low two months of inventory signals that Richmond City is still a definite seller's market.

Trying to find a home at a bargain price? Take a look at these affordable homes in Richmond City:

$109K   $109K   $110K  

Get started right now by checking out Richmond City homes for sale or reviewing Richmond City real estate trends.

Demographic facts for Richmond City:

  • The population density is 3,414.7 people per square mile in this area.
  • The area's cost of living index score is 98.5. (100 = national average)
  • People in this area have an average commute to work of 23 minutes.

Data reported through 1/11/2017

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