Table of Content
# Some services including Mortgage, Insurance and Title & Settlement are provided by the Long & Foster Family of Companies. Approximately 39% of Richmond homes are owned, compared to 51% rented, while 11% are vacant. ¹ Based on Rocket Mortgage data in comparison to public data records.
Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. Roof was replaced in 2022, new windows and a new HVAC unit. The backyard is fenced in and ready for you to create a backyard oasis.
Elementary Schools
It has dropped to a low of 0.9 months, which means that’s how long it would take to deplete the inventory to zero at the current sales pace. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones. Driving is a very good medium of transportation in this city. It is very convenient to access a parking spot, and most homes for sale are a reasonably short drive from the nearest highway, such as Richmond-Petersburg Turnpike.
We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Richmond. Richmond has crafted a 1.5 billion dollar redevelopment plan for the area around Richmond Coliseum.
Neighborhoods in Richmond
All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Save this search to get email alerts when listings hit the market. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Some of these listings contain enhanced listing information including mapping from sources such as Google, Bing, Microsoft, Yahoo, WalkScore and others. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Richmond is a good city to buy a home in for those who prefer a relaxed environment. This city is reasonably quiet, as the streets are peaceful - however noise can be an issue near one of the railway lines, Interstate 95 or Downtown Expressway.
Richmond Property Types
This lovely home is convenient to a couple of the areaâs popular attractions - by car, Lewis Ginter Botanical Gardens is just 4-minutes away and Bryan Park is only 6 minutes away. This home is just a few years old, yet has some amazing added perks that youâll enjoy for years to come. Backsplash tile was incorporated in the kitchen six months ago, helping the already stunning kitchen to pop even more. The home offers a welcoming open flow from the living room to the kitchen and the kitchen boasts recessed lights, an island with bar-height seating, and a cozy eat-in area. The home features 4 bedrooms and the ownerâs bedroom offers an en-suite bathroom.
However, higher mortgage rates are impacting home sales and moderating home price gains. Users of this Site are granted a limited, nonexclusive license to use the Site and its listing content for personal and noncommercial use only. You should not base any important financial decisions on this sold listings information, without independently, verifying such information, or consulting with a professional real estate broker for assistance. The unauthorized retrieval or use of this listing data is prohibited.
Richmond Housing Market: Prices, Trends, Forecast 2022-2023
New Listings decreased 29.6 percent for Single Family homes and 13.7 percent for Condo/Town homes. If you wish to report an issue or seek an accommodation, please let us know. Click on the risks below to learn which exist in Richmond today and how they’ll change by 2050. Find out the number of homebuyers searching to move in and out of Richmond, plus the top relocation destinations.
All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Richmond turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability. NORADA REAL ESTATE INVESTMENTShas extensive experience investing in turnkey real estate and cash-flow properties.
Two-bedroom apartment rents average $1,575 (a 19% increase from last year). As of September 19, 2022, the average rent for an apartment in Richmond, VA is $1,366 which is a 28% increase from last year. Over the past month, the average rent for a studio apartment in Richmond increased by 2% to $1,365. The average rent for a 1-bedroom apartment increased by 1% to $1,366, and the average rent for a 2-bedroom apartment increased by 3% to $1,575.
Between October 2022 and November 2022, Richmond, VA real estate market has seen decrease in the number of listings by 5.4%. In November 2022 median list price was $339,937 and the average listing age was 23 days. In November 2022, from all listings sold in Richmond, VA there were more than 76 sold above asking price, over 79 sold below and more than 38 were sold right at the asked price. The Cove designer home welcomes you into the beautiful kitchen with large center island, quartz counters, pantry and dining area. The spacious family room is just off the kitchen and leads to the rear SCREENED PORCH and patio, offering a wonderful space for outdoor entertaining. The 1ST FLOOR PRIMARY SUITE has a large WIC and private bath with ceramic tile shower with double vanity.
Unemployment in the Richmond area hovers around three percent, half a point or so below the national average. More importantly, the area has seen better than average job growth over the past few years. In 2017, they were among the top 25 metro areas with the fastest job growth. Future job growth is expected to be 35 percent over the next ten years, several percentage points higher than the national average. Short-term rentals have been illegal under local law, but under the new ordinance, property owners can list with sites like Airbnb if they pay an annual $300 permitting fee.
There is a dearth of housing supply in the Richmond Metro. Over the last two years, available homes for sale have dropped by more than half. In August 2022, the Months Supply of Inventory for the Richmond Metro Area decreased by 10 percent for single-family homes, according to the Richmond Association of REALTORS®.
To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at
The first floor offers an owner's suite with an ensuite bathroom complete with ceramic tile shower, double bowl vanity, & large walk-in closet. The powder room, mudroom, family room, dining area, & gourmet kitchen complete with quartz countertops, ceramic tile backsplash, stainless-steel appliances, large island, & pantry completes the first level. The second floor offers 2 guest bedrooms, full bathroom, a spacious loft, & laundry room. Randolph Pond amenities include sidewalks throughout the community, 2 community parks, pergola, fire pit, & walking trails. This is a low maintenance community in a top ranked school district conveniently located off Coalfield Road with quick access to Midlothian Turnpike and Rt. 288 for shopping, dining, & entertainment. Browse 308 homes for sale in Richmond, VA. View properties, photos, nearby real estate with school and housing market information.