Is Richmond County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Richmond County was a Buyer's Market.
Housing Prices in Richmond County, VA
How much do homes in Richmond County, VA cost?
Median Sold Price
$272,500
$191/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Richmond County was $272,500 in April 2024, down 38.1% from last month, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $205K | N/A |
3 Bedrooms | $440K | $293.1K | -33.4% |
4 Bedrooms | $760K | $290K | -61.8% |
5+ Bedrooms | - | - | N/A |
Summary: Richmond County housing prices by bedroom type for April 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 decreased by 33.4%, 4 bedroom homes decreased by 61.8%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 56 | +16.7% |
Summary: The Richmond County real estate market had 56 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Richmond County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Richmond County in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 82 Days | +442.6% |
Summary: Homes in Richmond County had an average of 82 days on market in Apr 2024, up by 442.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Richmond County; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.