Richmond Housing Market

$388,515

1.5% 1-yr

The average Richmond home value is $388,515, up 1.5% over the past year and goes to pending in around 7 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), 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.

Learn more about the Zillow Home Value Index

Richmond Key Takeaways

Typical Home Values: $388,515

1-year Value Change: +1.5%

(Data through June 30, 2025)

Richmond Housing Market Overview

0.8%1-year Market Forecast(June 30, 2025)

3,271For sale inventory(June 30, 2025)

1,757New listings(June 30, 2025)

1.000Median sale to list ratio(May 31, 2025)

$370,338Median sale price(May 31, 2025)

$420,500Median list price(June 30, 2025)

46.8%Percent of sales over list price(May 31, 2025)

30.6%Percent of sales under list price(May 31, 2025)

7Median days to pending(June 30, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Regions

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Richmond Rental Market Trends

$1,746Average rent in Richmond(June 30, 2025)

$2,069National average rent(June 30, 2025)

0.5%Month-over-month change(June 30, 2025)

4.1%Year-over-year change(June 30, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.