Table of Content
The average year of construction for buildings in this city is 1976. Small private schools like Virginia College and Fortis College host just a few hundred students. There are Baptist, Presbyterian, and several other seminaries in the city, as well. You could find a Richmond real estate investment property near any of these campuses and rent it out to a steady stream of students.
Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. Roof was replaced in 2022, new windows and a new HVAC unit. The backyard is fenced in and ready for you to create a backyard oasis.
Elementary Schools
Some properties which appear for sale on this website have subsequently sold or may no longer be available. Both primary and secondary schools are convenient to get to on foot from anywhere in this city. Apart from public schools, there are private elementary and secondary schools.

All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.All area school information is deemed reliable but is not guaranteed.
Neighborhoods in Richmond
The average sale price of a home in Richmond was $335K last month, up 15.2% since last year. The average sale price per square foot in Richmond is $202, up 6.9% since last year. Renovated in 2020 and Recently painted; and with some new windows. It comes w/a Living room & closet that flows into a dining area and kitchen with white cabinets & a small pantry. Back door leads you into the Deck, & Back yard with Unattached spacious Garage perfect for personal or car storage. On the hallway you will find the full bathroom, and a closet with the Water Heater and Stackable Washer & Dryer.

In November 2022, Richmond home prices were up 15.5% compared to last year, selling for a median price of $335K. On average, homes in Richmond sell after 14 days on the market compared to 11 days last year. There were 343 homes sold in November this year, down from 476 last year. Not just limited to Richmond or Virginiabut you can also invest in some of the best real estate markets in the United States.
Richmond Property Types
What are the Richmond real estate market predictions for 2022 and 2023? It is followed by Norfolk on the shores of the Chesapeake. These large, dense housing markets attract attention, but it is Richmond, Virginia you should be thinking of. It shows the percentage change of some of the key housing indicators of the Richmond Metro Housing Market , when compared to August 2021. There are roughly 373,829 residents, living in 153,398 households.

Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. If you wish to report an issue or seek an accommodation, pleaselet us know. Months Supply of Inventory decreased 10 percent for Single Family homes and 23.1 percent for Condo/Town homes. Inventory decreased 19.1 percent for Single Family homes and 27.2 percent for Condo/Town homes.
Most homes get multiple offers, often with waived contingencies. Many homes get multiple offers, some with waived contingencies.

All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Richmond turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability. NORADA REAL ESTATE INVESTMENTShas extensive experience investing in turnkey real estate and cash-flow properties.
Here is a short and crisp housing market forecast for Richmond City, Chesterfield, Hanover, and Henrico Counties — all of which are part of the Richmond Metro Area Housing Market. The supply and demand dynamics will likely push prices north again over the next 12 months. ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies.
Between October 2022 and November 2022, Richmond, VA real estate market has seen decrease in the number of listings by 5.4%. In November 2022 median list price was $339,937 and the average listing age was 23 days. In November 2022, from all listings sold in Richmond, VA there were more than 76 sold above asking price, over 79 sold below and more than 38 were sold right at the asked price. The Cove designer home welcomes you into the beautiful kitchen with large center island, quartz counters, pantry and dining area. The spacious family room is just off the kitchen and leads to the rear SCREENED PORCH and patio, offering a wonderful space for outdoor entertaining. The 1ST FLOOR PRIMARY SUITE has a large WIC and private bath with ceramic tile shower with double vanity.
The new listings were down 29.6% and the total inventory dropped by 19.1% pushing the home prices up 10.1 percent to a median of $380,000. The difference between this August and last August's median home price is $35,000. Pending Sales (forward-looking indicator) decreased by 22.2 percent which shows that buyers are pulling back due to rising prices and high mortgage rates. The average homes sell for about 3% above list price and go pending in around 8 days.

If you see a property you're interested in, contact a Richmond real estate agent to arrange a tour today! The Richmond VA real estate market is several times larger than this. If you include the suburbs around it, the Richmond housing market contains nearly one and a half million people. This makes the Richmond area the third-largest metropolitan area in the state of Virginia. Richmond has a mixture of owner-occupied and renter-occupied housing. Single-family detached homes are the single most common housing type in Richmond, accounting for 48.72% of the city's housing units.
How hot is the Richmond housing market?
The city is also requiring short-term rental operators to live in the home for 185 days each year. According to NeighborhoodScout's data, appreciation rates for homes in Richmond have been tracking above average for the last ten years. The cumulative appreciation rate over the ten years has been 88.39%, which equates to an annual average appreciation rate of 6.54%. During the latest twelve months, Richmond's appreciation rate has been 14.67%, and in the latest quarter, it's been 1.78%, which annualizes to a rate of 7.29%. Zillow Home Value Index , built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas.

Looking at these trends, it's a seller's market in the Richmond Metro Area. Strong buyer demand is likely to continue into what is typically the slowest time of year. With inventory remaining constrained in most market segments, sellers continue to benefit from tight market conditions.