What is the median home price in Richmond VA?

The reviewed Redfin Data Center exact-city Richmond row reports a $402,292 median sale price, 19 median days on market, 100.81% average sale-to-list ratio, 709 homes sold, 1,292 active listings, and 952 new listings for Feb. 1-Apr. 30, 2026.

Is Richmond a buyer's or seller's market?

The reviewed packet treats 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 reviewed packet keeps Richmond transfer-fee, deed, title, lien, recording, property-tax, assessment, and closing-cost details as SOURCE_GATE_ONLY / NEEDS_LEGAL_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 reviewed Redfin Data Center exact-city row reports 19 median days on market for the rolling 3 months ending Apr. 30, 2026. 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.

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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May 2026 Market Refresh

Last updated: compiled June 2026 from May source data

Redfin median sale price	$409,000
Year over year	+3.5%
Median days on market	13
Homes sold	280
Zillow ZHVI	ZHVI value unchanged - Zillow city page URL unresolved for May 2026.

Source scope: Redfin city page, May 2026. Market data is background context only; property-specific value still depends on condition, title, occupancy, repairs, payoff, liens, and closing timeline.

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