| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $450,000 | -1.4% YoY |
| Median price per sq ft | $229 | 2,037 sq ft median |
| Median days on market | 37 | -14% YoY |
| Active listings | 2,955 | +17% YoY |
| New listings this month | 1,996 | June 2026 |
| Listings with a price cut | 15% | Share of active |
| Median sale price (closed) | $419,475 | +1.2% YoY |
| Sale-to-list ratio | 101.2% | Closed sales |
| Gross rental yield | 4.4% | 2BR fair market rent |
Secondary metropolitan market · Virginia · June 2026 data
Richmond Real Estate Market
As of June 2026, the median home listed in Richmond, VA asks $450,000 — down 1.4% year over year. Homes sell in a median of 37 days, with 2,955 active listings and 15% carrying a price cut — a seller-leaning market. Figures come from public records and industry data, updated monthly.
Median listing price
$450,000
▼ 1.4% YoY
Median $ / sq ft
$229
2,037 sq ft median
Median days on market
37
June 2026
Active listings
2,955
For sale now
New listings
1,996
June 2026
Listings with price cuts
15%
Share of active
Median sale price (closed)
$419,475
▲ 1.2% YoY · closed sales
Sale-to-list ratio
101.2%
Closed sales
Homes sold / month
1,801
Closed sales
Richmond housing market statistics
The table summarizes Richmond's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Richmond?
Richmond home prices are down 1.4% year over year and +0.0% month over month as of June 2026, at a $450,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Richmond VA · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Richmond VA · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Richmond?
Richmond has 2,955 active listings, 1,996 new this month, 2,789 pending as of June 2026. About 15% of active listings have cut their price, and inventory sits at 76% of its 2019 level — a seller-leaning market by pace.
Is Richmond a good real estate investment?
Richmond scores 62/100 on WealthyBud's composite Investor Score, ranking #212 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
62/100
#212 of 932 covered metros
Price volatility
Medium
σ 5.7% · 20-yr price-index swings
Richmond scores 62/100 on our composite Investor Score (#212 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 54% over five years and +102% over ten, leaving prices 47% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,653/mo for a two-bedroom, the gross rental yield on the median listing is about 4.4%; active inventory sits at 76% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 1.4% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Richmond ranks on the trending markets index.
How much is a monthly mortgage payment in Richmond?
A home at Richmond's $450,000 median listing runs about $2,259 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 5.43%
$2,028/mo
−$231/mo vs today
At today's rate · 6.43%
$2,259/mo
National weekly average
If rates rise 1% · 7.43%
$2,500/mo
+$241/mo vs today
Principal & interest on the $450,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.
What is driving the Richmond housing market?
Longer-run demand in Richmond shows up in 9,144 homes permitted in 2025; net migration of +5,793 residents; -0.9% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
9,144
▲ 6.0% vs 2024
6.9 per 1,000 residents
Net migration (2022–2023)
+5,793
▲ people, via tax-return records
net income flow +$280.3M/yr
Job growth (YoY)
-0.9%
▼ 726.3k nonfarm jobs · May 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Richmond real estate news?
Cities With the Fastest-growing Home Prices in VirginiaStacker · 2026-06-29→Richmond housing market update: The Baby Boomer EffectWTVR.com · 2026-03-03→Report: Virginia housing market closes out strongest first quarter in yearscbs19news.com · 2026-04-27→Real Estate Market Snapshotrichmondmagazine.com · 2026-06-16→
Recent headlines indicate strong growth, with Virginia experiencing its best first quarter in years and Richmond being a focus of attention. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
Client-ready report
Open report gallery
Send a branded Richmond market report to your clients.
Find the best in Richmond
Drill down
Richmond by ZIP code
Median price, pace and inventory for 14 Richmond ZIPs — the spread behind the metro number.
Explore DirectoryTop agents in Richmond
The highest-producing real estate agents in Richmond, ranked by recent sales.
View DirectoryTop teams
The groups setting production records nationwide.
View LicensingGet licensed in Virginia
Hours, exam and the commission that regulates Virginia agents.
Read IncomeAgent salary in Virginia
What real estate agents actually earn across Virginia.
ReadRichmond housing market FAQ
What is the median home price in Richmond?
As of June 2026, the median listing price in Richmond, VA is $450,000, down 1.4% year over year (source: public records and industry data).
How much does it cost to buy a home in Richmond?
The median home listed in Richmond asks $450,000 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $2,259 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Richmond?
The median property in Richmond spends 37 days on the market, with 2,955 homes actively listed and 15% of them carrying a price cut — a seller-leaning market by pace as of June 2026.
Is it a buyer's or seller's market in Richmond?
With a median 37 days on market and 15% of active listings carrying a price cut, Richmond reads as a seller-leaning market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Richmond a good place to invest in real estate?
Richmond scores 62/100 on WealthyBud's Investor Score, ranking #212 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Richmond?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Richmond and the wider Virginia market, ranked by recent sales from public profile data.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
Nearby & similar
More Virginia housing markets
Real estate
Virginia Beach, VA housing market
$439,100 median · +5.8% YoY
View Real estateWinchester, VA housing market
$465,220 median · -1.0% YoY
View Real estateHarrisonburg, VA housing market
$469,950 median · +19.0% YoY
View Real estateLake of the Woods, VA housing market
$475,000 median · +0.0% YoY
View