Richmond, VA

Median sale price · 2026-05

$414K

-0.1% year-over-year

Rolling 3-month median sale price vs. same 3 months one year prior.

Strength 4 / 5

24 days

Richmond homes taking 24 days to sell — +60.0% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

19 days

Mechanicsville homes taking 19 days to sell — +72.7% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

98.9%

Mechanicsville sale-to-list dropped below 1.0 — 98.9%

Typical closed deal now prints below list; buyers have real negotiating room for the first time in this market's recent cycle.

Strength 4 / 5

$382K

Glen Allen median price -17.4% YoY

Price-per-sqft also -4.7% YoY, confirming real depreciation vs. mix-shift noise.