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Richmond Virginia Housing Market Overview

Richmond’s real estate market continues to show remarkable strength, with current median home prices reaching $440,250 — a significant 25.8% increase from 2024. Local homes spend an average of 17 days on the market, with 40.4% selling above list price. The market shows a 101.1% sale-to-list ratio, though 35.5% of homes have seen price adjustments. The Richmond housing landscape is particularly competitive in sought-after neighborhoods like The Fan District and Church Hill. For homeowners considering their options, these market conditions, combined with Richmond’s growing appeal to buyers relocating from major cities, indicate a promising environment for sellers. The local market’s resilience stands out, with home values trending above the national average, despite Richmond’s overall cost of living remaining 6% below national figures.

Why now is a good time to sell your property in Richmond Virginia

As Richmond’s trusted real estate solutions provider, we work with buyers throughout the metro area’s diverse neighborhoods. From historic Fan District homes to modern Mechanicsville properties, we facilitate transactions in Henrico, Chesterfield, and Hanover counties. With Richmond’s median home price at $440,250, we offer a reliable alternative to traditional market listings. Our process serves homeowners throughout Central Virginia, including Petersburg, Colonial Heights, and Glen Allen. Whether your property needs updates or is move-in ready, we connect you with buyers interested in homes in any condition.

Experience a Better Way to Sell Your Richmond Home

Benefits of Owner Advocate

Benefits of Owner Advocate
Our streamlined approach eliminates the uncertainty of traditional Richmond home sales, which typically take over 17 days just to receive an offer. Whether you’re in The Fan District, Church Hill, or anywhere in Greater Richmond, get a guaranteed sale without the typical hassles of selling.
At Owner Advocate, we’ve streamlined selling your Richmond home into four simple steps, backed by our deep understanding of local neighborhoods from The Fan to Church Hill. The process includes, first, a quick consultation to understand your needs, followed by a brief property walkthrough to assess the home’s condition, then a fair cash offer within 72 hours, and finally, you choose your closing date (as soon as 10 days). No repairs are needed, no multiple showings, and no waiting for buyer financing. We help connect you with our network of buyers, making your selling experience smooth across Greater Richmond, from Henrico to Chesterfield.
$440,250
Median Sale Price
101.1%
List Price to Sale Price Ratio
17
Median Days on Market
$260
Price Per Square Foot
40.4%
Percent of Sales Over List Price
35.5%
Percent of Listings with Price Cuts
204
Number of Homes Sold (Month)
2%
National Price Comparison
-6%
Cost of Living vs National
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
Richmond Key Takeaways
Median Sale Price:
$440,250
Scottsdale housing market is changing
$440,250
The average home value is $440,250 and goes to pending in around 17 days.
17
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in Richmond Virginia?

Life’s unexpected turns often require quick decisions about our Richmond homes. Whether facing a sudden job transfer, inheriting a property, or managing financial challenges, many homeowners need a fast, reliable solution. Common situations include job relocations to NoVA/DC markets, avoiding foreclosure, managing inherited properties, navigating divorce settlements, and addressing medical expenses. Instead of enduring the traditional selling process with multiple showings and extended market times, a fast sale provides immediate relief from the stress of uncertainty. Our solution eliminates typical closing costs and commissions, offering a straightforward path forward whether you own a historic Fan District home or a modern Bon Air property.

Frequently Asked Questions About Selling Your Richmond Home

Q: How quickly can you close on my Richmond house?

A: Close in as few as 10 days, or choose your preferred timeline. You’ll receive a firm cash offer within 72 hours of our property visit.

Q: Do you buy homes in as-is condition?

A: Yes, we purchase homes across Greater Richmond in any condition — no cleaning, repairs, or renovations needed.

Q: Are there any fees or commissions?

A: Zero fees or commissions. Unlike traditional 6% agent fees plus closing costs, we cover all expenses. Your offer amount is what you receive.

Q: What’s your home-buying process?

A: 1. Contact us about your property

Q: Which areas do you serve?

A: We buy houses throughout Richmond and surrounding areas including The Fan, Church Hill, Short Pump, Glen Allen, and all nearby counties.

Get Top Dollar for your Home

Ready to sell your Richmond home quickly and easily? Skip the traditional market hassles and get a competitive cash offer within 72 hours. As your local Owner Advocate, we connect you with our network of real estate professionals across RVA.
Why Choose Us:
  • Fast closing on your timeline
  • No repairs or renovations needed
  • Zero fees or commissions
  • Cash offers within 72 hours
Whether you own property in The Fan District, Mechanicsville, or anywhere in Greater Richmond, we provide a stress-free solution. Connect with us today for your no-obligation cash offer and experience the easiest way to sell your Richmond home.