Richmond Real Estate Market Continues Weakening in Home Sales

Over the last 30 days, 71 homes were sold in the Richmond market, down 1.4%. Additionally, the market is still in a solid downward trend overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price dropped to $440,000 over the latest reporting period for Richmond, down from $455,000. There are only two months of inventory available in Richmond, so it's still definite seller's market, even with the shrinking sales numbers.

If price is the most important factor in your decision, these are some inexpensive homes being listed in Richmond:

$205K   $237K   $239K  

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

Demographic facts about Richmond:

  • This area has a population growth rating of 67. (Scale: 1 = Worst, 100 = Best)
  • This area has 252.0 physicians per 100,000 people.
  • The area's health cost index score is 115.3. (100 = national average)
  • Residents who travel to work by car account for 60.1% of all commuters, while carpools account for 16.8%, and public transit makes up 15.4%.

Data reported through 1/11/2017


Ask a local expert about this area:
Climb Real Estate Group
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Tohtal Real Estate
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Realty One Group Allure
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