Richmond VA > Market Report
Richmond, VA Housing Market Report and Selling Costs
Use this report to compare a listing with a direct as-is sale. Start with Richmond’s recent market figures, then consider your home’s condition, repair needs, tenant situation, and timing.
USA Home Buyers buys houses in the City of Richmond, Virginia, an independent city.
We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.
Call 888-274-5006 -- We Answer 24/7Recent Richmond, VA market measures
Compare Richmond’s recent sale prices and sales activity with Zillow’s typical home-value estimate below.
Housing prices and selling conditions
These measures describe housing prices and selling conditions for the areas and periods shown. Compare them alongside repair costs, your mortgage payoff and selling costs.
| Measure | Value | Source and area | Period |
|---|---|---|---|
| Median sale price | $401,199 | Redfin · Richmond, VA | Three months ending September 2026 |
| Median days on market | 17 days | Redfin · Richmond, VA | Three months ending September 2026 |
| Homes sold | 719 homes | Redfin · Richmond, VA | Three months ending September 2026 |
| Typical home value (Zillow ZHVI) | $361,844 | Zillow · Richmond, VA | As of September 2026 |
| For-sale inventory | 735 homes | Zillow · Richmond, VA | As of September 2026 |
Include utilities, other bills and any mortgage payments while waiting to sell. Allow time for closing, too.
What the numbers mean
Your home’s condition and timing matter
Use Richmond’s recent sale prices, home values, and sales activity as a starting point. Then weigh what your own house needs and how long you want to wait.
A home that needs repairs or has a tenant in place can call for a different selling plan than a move-in-ready home. Consider the work and carrying costs alongside the time you have.
Compare how long you can wait with the time a sale needs. When you sell to us, close as fast as 7 days when title and closing details allow.
Put a realistic listing price or written cash offer beside the repair or cleanout costs, listing commission if you list, other selling costs, and bills you expect to carry while waiting. Compare the amount left after costs, not only the headline sale price.
Local selling costs
Virginia grantor tax and deed-recording taxes
Virginia’s grantor tax is due when the deed is recorded. By law, the seller pays 50 cents for each $500 of the greater of the sale price or value—about 0.1%, or $100 on a $100,000 sale. The sale contract can shift who pays. Exemptions and transfers with little or no consideration can change the amount, so the settlement agent confirms the figure for your transaction.
Virginia state recordation taxes are separate, and local recordation taxes may apply where adopted. Virginia also has regional fees in designated Northern Virginia and Hampton Roads localities; Richmond is not among the localities listed for those fees.
When you sell to us, we pay the closing costs, including Virginia state and local recordation taxes, grantor tax and any applicable regional WMATA capital fee, regional congestion relief fee or regional transportation improvement fee.
No agent commissions when you sell to us.
This does not pay your mortgage, liens, back taxes or your share of current property taxes.
What you may keep
The sale price is not the money left after costs
Start with a realistic sale price or written offer. Then account for your mortgage payoff, repairs or cleanout, listing commission if you list, other closing costs, and bills you expect to carry while you wait. Use the same assumptions to compare the paths.
Compare what you may keep with the Richmond calculator →Just an estimate — the actual number could be more or less depending on the home's condition.
Richmond housing market report questions
How should I use Richmond’s market measures?
Richmond’s recent sales and home values give you a starting point. Compare them with your home’s condition, repair needs, tenant situation, and how long you want to wait.
Why are the Redfin and Zillow measures different?
Redfin’s median sale price comes from completed sales, while Zillow’s typical home value is a modeled estimate. Inventory and sales activity answer different questions: how many homes are for sale and how many have sold.
What Virginia deed taxes should I include?
Virginia law assigns the grantor tax to the seller, though a sale contract can shift who pays. Separate state and locally adopted recordation taxes may also apply, and Richmond is not among the localities listed for the two regional fee groups. A settlement agent can confirm the amount for the transaction. When you sell to us, we pay the closing costs, including Virginia state and local recordation taxes, grantor tax and any applicable regional WMATA capital fee, regional congestion relief fee or regional transportation improvement fee. This does not pay your mortgage, liens, back taxes or your share of current property taxes.
How do I compare the sale price with what I may keep?
Start with a realistic listing price or written offer, then subtract the mortgage payoff, repairs or cleanout, listing commission if you list, other closing costs, and bills you expect to carry while you wait. Use the Richmond calculator linked on this page to compare your own assumptions. Just an estimate — the actual number could be more or less depending on the home’s condition.
How do I ask for a Richmond cash offer?
Use the form on this page or call 888-274-5006. We'll give you a written cash offer within 24 hours.
Next steps for your Richmond house
Explore the situation pages and seller resources that fit your property, or use the form below to ask for a written cash offer.
We give written cash offers in 24 hours.
Takes 2 minutes. No obligation.
Prices, timing and your selling options
Home prices in Richmond
Homes in Richmond, VA sold for a median of $401,199 for the three months ending September 2026 (Redfin). Repairs and condition affect what someone will pay for your house. Homes in Richmond, VA spent a median of 17 days on the market for the three months ending September 2026 (Redfin). You still have bills while waiting to sell, including utilities and any mortgage payments. Allow time for closing, too.