Is Richmond County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Richmond County has remained a Buyer's Market.

Key Takeaway

Richmond County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Richmond County, VA

How much do homes in Richmond County, VA cost?

Median Sold Price

$440,000

$205/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$175,000(+66.0%)

Key Takeaway

Homes in Richmond County have sold for 66% more than they did a month ago.

Summary: The median home sold price in Richmond County was $440,000 in March 2024, up 66% from last month, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $247K$440K
+78.1%
4 $295K$760K
+157.6%
5+ --
N/A

Summary: Richmond County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 78.1%, 4 bedroom homes increased by 157.6%, and 5+ bedroom homes did not change.

Housing Supply in Richmond County, VA

How many homes are available in Richmond County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5057+14.0%

Summary: The Richmond County real estate market had 57 homes for sale in March 2024, a 14.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 36
+100.0%
3 3034
+13.3%
4 1211
-8.3%
5+ 45
+25.0%

Summary: The Richmond County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Richmond County in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Richmond County, VA

How long does it take to sell a home in Richmond County, VA?

Average Sale Time

Feb 2024Mar 2024CHANGE
42 Days15 Days-64.0%

Summary: Homes in Richmond County had an average of 15 days on market in Mar 2024, down by 64% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Richmond County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Richmond County; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Richmond County, VA

Nearby Markets to Richmond County, VA

What housing markets are near Richmond County, VA?