| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $439,925 | +2.3% YoY |
| Median price per sq ft | $226 | 2,024 sq ft median |
| Median days on market | 44 | -3% YoY |
| Active listings | 3,472 | +21% YoY |
| New listings this month | 1,722 | September 2026 |
| Listings with a price cut | 19% | Share of active |
| Median sale price (closed) | $424,000 | +0.9% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 99.9% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 64.1% | 2,226 pending |
| Inventory vs 2019 | 84% | Active listings vs same month in 2019 |
| Gross rental yield | 4.5% | 2BR fair market rent |
Secondary metropolitan market · Virginia · September 2026 data
What is the Richmond, VA real estate market doing?
As of September 2026, the median home listed in Richmond, VA asks $439,925, up 2.3% year over year. Homes spend a median of 44 days on market, with 3,472 active listings and 19% carrying a price cut; pending contracts equal 64% of active listings, and inventory sits at 84% of the same month in 2019 — a balanced market. Estimated gross rental yield on the median listing is 4.5%. Figures come from public records and industry data, updated monthly.
Median listing price
$439,925
▲ 2.3% YoY
Median $ / sq ft
$226
2,024 sq ft median
Median days on market
44
September 2026
Active listings
3,472
For sale now
New listings
1,722
September 2026
Listings with price cuts
19%
Share of active
Inventory vs 2019
84%
Same month, 2019 = 100
Pending / active
64%
Contract activity
Median sale price (closed)
$424,000
▲ 0.9% YoY · closed sales · July 2026
Sale-to-list ratio
99.9%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
1,444
Closed sales · July 2026, seasonally adjusted
What is the Richmond, VA housing market doing right now?
The Richmond, VA housing market lists at a $439,925 median as of September 2026, up 2.3% year over year, with a 44-day median market time and 3,472 homes for sale (19% with a price cut). Active inventory is 84% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule. Gross rental yield is about 4.5%.
Richmond housing market statistics
The table summarizes Richmond's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Richmond.
How have home prices changed in Richmond?
Richmond home prices are up 2.3% year over year and 0.0% month over month as of September 2026, at a $439,925 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 3,472 active listings, 1,722 new this month, 2,226 pending as of September 2026. About 19% of active listings have cut their price, and inventory sits at 84% of its 2019 level — a balanced market by pace.
Is Richmond a good real estate investment?
Richmond scores 61/100 on WealthyBud's composite Investor Score, ranking #238 of 933 covered U.S. metros as of September 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
61/100
#238 of 933 covered metros
Price volatility
Medium
σ 5.7% · 20-yr price-index swings
Richmond scores 61/100 on our composite Investor Score (#238 of 933 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 4.5%; active inventory sits at 84% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 2.3% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
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 $439,925 median listing runs about $2,408 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$2,174/mo
−$234/mo vs today
At today's rate · 7.28%
$2,408/mo
National weekly average
If rates rise 1% · 8.28%
$2,651/mo
+$243/mo vs today
Principal & interest on the $439,925 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Richmond?
To buy Richmond’s $439,925 median listing with 20% down, a household needs about $115,000 a year in gross income, keeping principal, interest and property tax ($2,679/mo) at 28% of income. That is 1.4× the area’s $84,405 median household income, so a typical Richmond household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $439,925 | September 2026 |
| Down payment (20%) | $87,985 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $2,408/mo | Rate as of 2026-10-01 |
| Property tax (0.74% effective rate) | $271/mo | Census ACS |
| Income needed (28% rule) | $115,000 | Gross household income / yr |
| Median household income | $84,405 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
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; -0.8% 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)
-0.8%
▼ 727.7k nonfarm jobs · August 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.
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Richmond by ZIP code
Median price, pace and inventory for 14 Richmond ZIPs — the spread behind the metro number.
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The highest-producing real estate agents in Richmond, ranked by recent sales.
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What real estate agents actually earn across Virginia.
ReadRichmond housing market FAQ
What is the median home price in Richmond?
As of September 2026, the median listing price in Richmond, VA is $439,925, up 2.3% 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 $439,925 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $2,408 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Richmond?
The median property in Richmond spends 44 days on the market, with 3,472 homes actively listed and 19% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Richmond?
With a median 44 days on market and 19% of active listings carrying a price cut, pending contracts at 64% of active listings, Richmond reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Richmond a good place to invest in real estate?
Richmond scores 61/100 on WealthyBud's Investor Score, ranking #238 of 933 covered U.S. metros as of September 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, September 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.
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