The latest report from MyMarketPulse (mymarketpulse.com) has been published, offering a comprehensive review of Richmond, Virginia’s real estate market for January 2025.
The report shows that the Median Sale Price in Richmond reached $365,000 as of January 2025, marking a decrease of 8.7% over the previous month and a 8.0% rise compared to a year ago.
A total of 113 homes were sold in the region, indicating a decrease of 36.9% from last month and a drop of 3.4% when compared with a year ago.
Furthermore, homes in Richmond were on the market for an average of 17 days before selling, reflecting a decrease of 4 days days month-over-month and a decrease of 6 days day year-over-year.
Currently, with a Market Pulse Score of 88, Richmond’s real estate market appears to be experiencing a downtrend.
For more information about the Richmond, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
MyMarketPulse – What the Pros Know