Richmond VA > Market Report
Richmond VA Housing Market 2026 -- What Sellers Need to Know
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Richmond VA housing market data 2026. Median prices, days on market, and what it means for sellers in Richmond City (independent city).
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Housing prices and selling conditions
Compare recent sale prices for homes like yours. Then subtract repairs, your mortgage payoff and selling costs to see what you would keep.
| Measure | Value | Source and area | Period |
|---|---|---|---|
| Median sale price | $425,718 | Redfin · Richmond, VA | Three months ending August 2026 |
| Median days on market | 14 days | Redfin · Richmond, VA | Three months ending August 2026 |
| Homes sold | 857 homes | Redfin · Richmond, VA | Three months ending August 2026 |
| Typical home value (Zillow ZHVI) | $377,321 | Zillow · Richmond, VA | As of 2026-07-31 |
| For-sale inventory | 719 homes | Zillow · Richmond, VA | As of 2026-07-31 |
Include utilities, other bills and any mortgage payments while waiting to sell. Allow time for closing, too.
Source-period notice
The refresh panel contains the current source rows, with provider, geography, and period shown for each measure. Other figures below retain their displayed dates as supplemental context. Richmond’s independent-city geography remains attached to its source rows.
FAQs -- Richmond VA Housing Market Report 2026 -- Home Prices & Trends
What is the median home price in Richmond VA?
The Redfin Data Center exact-city Richmond row for the rolling three months ending 2026-06-30 reports a $429,766 median sale price, +0.23% year over year, 12 median days on market, and 959 homes sold. Zillow Research separately reports a $379,365 Richmond city ZHVI as of 2026-06-30.
Is Richmond a buyer's or seller's market?
The public source notes treat the March public Redfin snapshot as context only; the refreshed Redfin Data Center exact-city row is the primary market source. Cash offers can provide certainty when repairs, title, tenants, probate, or a verified deadline make listing less practical.
What closing costs do sellers pay in Richmond VA?
The public source notes keep Richmond transfer-fee, deed, title, lien, recording, property-tax, assessment, and closing-cost details as property-specific verification and legal/title confirmation. Confirm property-specific costs with the settlement professional or legal counsel; closing-cost handling is written into the USA Home Buyers offer.
How fast do homes sell in Richmond?
The Redfin Data Center exact-city Richmond row for the rolling three months ending 2026-06-30 reports 12 median days on market. Cash-sale closing timing depends on title, payoff, authority, settlement, and property-specific review.
Should I sell now or wait in Richmond?
Market conditions change. If you need certainty, speed, or want to avoid repairs, a cash sale may be the right move regardless of market conditions. Call 888-274-5006 for a no-obligation offer.
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Prices, timing and your selling options
Home prices in Richmond
Homes in Richmond, VA sold for a median of $425,718 for the three months ending August 2026 (Redfin). Repairs and condition affect what someone will pay for your house. Homes in Richmond, VA spent a median of 14 days on the market for the three months ending August 2026 (Redfin). You still have bills while waiting to sell, including utilities and any mortgage payments. Allow time for closing, too.