Market Update
Greater Richmond Area
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$401k
1% less than in
Q1 2025
Q1 2025
Avg. Days On Market
37
9% more than in
Q1 2025
Q1 2025
Closed Sales
2,169
7% more than in
Q1 2025
Q1 2025
Inventory
1,007
Data unavailable for
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $345k | $393k | 2883 |
| Q1 '23 | $355k | $408k | 2257 |
| Q1 '24 | $390k | $449k | 2148 |
| Q1 '25 | $405k | $472k | 2036 |
| Q1 '26 | $401k | $478k | 2169 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $250k | 9.6% |
|---|---|
| Q1 '26 | 208 |
| Q1 '25 | 204 |
| 1YR CHANGE | +2% |
| Closed $250k - $500k | 59.1% |
| Q1 '26 | 1282 |
| Q1 '25 | 1194 |
| 1YR CHANGE | +7% |
| Closed $500k - $750k | 20.4% |
| Q1 '26 | 442 |
| Q1 '25 | 445 |
| 1YR CHANGE | -1% |
| Closed Over $750k | 10.9% |
| Q1 '26 | 237 |
| Q1 '25 | 193 |
| 1YR CHANGE | +23% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 19 | $345k |
| Q1 '23 | 28 | $355k |
| Q1 '24 | 27 | $390k |
| Q1 '25 | 34 | $405k |
| Q1 '26 | 37 | $401k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
Rotate your device to view as table
'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
24%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
n/a
Closed Sales
7%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
9%