08 Aug 2014

Richmond Real Estate Overview

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Summary for Richmond

Average price per square foot for Richmond VA was $142, an increase of 6% compared to the same period last year. The median sales price for homes in Richmond VA for May 14 to Jul 14 was $210,000 based on 753 home sales. Compared to the same period one year ago, the median home sales price increased 2.4%, or $5,000, and the number of home sales decreased 22.3%. There are currently 1,305 resale and new homes in Richmond on Trulia, including 23 open houses, as well as 385 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Richmond VA was $259,052 for the week ending Jul 30, which represents an increase of 0.3%, or $737, compared to the prior week. Popular neighborhoods in Richmond include The Fan and The Museum District, with average listing prices of $410,252 and $271,489.

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