I compile assorted statistical information each month on the area’s real estate market. Here’s a quick snapshot of various areas that I am currently examining. I intend to make this a monthly post. If there is a particular submarket in the Richmond area, you would like to see covered, please comment on the particular area. If viable (enough monthly sold activity), I’ll include it in next month’s post. These numbers are compiled from Central Virginia Regional Multiple Listing Service. Obviously, sold units only account for those using the services of a Realtor.   

For the 22 single family homes sold in
Fan & Museum District of the City of Richmond
(Fox and John B. Cary School Districts)
Average Sales Price in August $318,647
Sales Price/List Price Ratio 96.3 %
Median Sales Price - $282,000
Days on Market …………………….. 42
Average Size 3 bedrooms 1.5 baths of 1,871 sq ft
Average $ per square foot ……….$170.31
 
For the 33 homes sold in West End of the City of Richmond
(Zips 23221, 23226 and 23230)
Average Sales Price in August $712,916
Sales Price/List Price Ratio 97.6 %
Median Sales Price - $462,000
Days on Market ……………………. 56
Average Size 4 bedrooms, 2.5 baths of 2,837 sq ft
Average $ per square foot…….. $251.29
 
For the 116 single family homes sold in West End of Henrico County
(Zips 23226, 23229, 23233, 23238)
Average Sales Price in August $400,000
Sales Price/List Price Ratio 97.6 %
Median Sales Price - $320,000
Days on Market …………………. 47
Average Size 4 bedrooms 2.5 baths of 2,505 sq ft
Average $ per square foot ………. $159.68
 
For the 137 single family homes sold in Chesterfield
(Zips 23831, 23832, 23836, and 23838)
Average Sales Price for August $308,999
Sales Price/List Price Ratio 98.80 %
Median Sales Price - $265,000
Average Days on Market……………. 83
Average Size 4 bedroom, 2.5 baths of 2,407 sq ft
Average $ per square foot ………..$128.38
 
For the 72 single family homes sold in Glen Allen
(Zips 23059 and 23060)
Average Sales Price for August $384,214 
Sales Price/List Price Ratio 98.9 %
Median Sales Price $364,000
Average Days on Market …………. 53 
Average Size 4 bedrooms, 2.5 baths of 2,656 sq ft
Average $ per square foot….. $144.66
 
For the 71 single family homes sold in Mechanicsville
(Zips 23111 and 23116)
Average Sales Price for August 323,574
Sales Price/List Price Ratio 98.5 %
Median Price $310,500
Average Days on Market ………….. 56
Average Size 4 bedrooms, 2.5 baths 2,266 sq ft
Average $ per square foot …….. $142.80
 
For 127 single family homes sold in Midlothian
(Zips 23112,23113, and 23114)
Average Sales Price for August $357,519
Sales Price List Price Ratio 98.5 %
Median Price $312,000
Average Days on Market ……………52
Average Size 4 bedrooms, 2.5 baths of 2,503 sq ft
Average $ per square foot……. $ 142.84