The Richmond market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), Richmond, VA metro area, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 1.4 months of supply, this is a market that leans toward sellers by the usual rule of thumb, and homes sold at or above their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $419,475 |
| Apr 2026 | $415,050 |
| Mar 2026 | $403,500 |
| Feb 2026 | $394,850 |
| Jan 2026 | $390,000 |
| Dec 2025 | $395,000 |
| Nov 2025 | $390,000 |
| Oct 2025 | $410,000 |
| Sep 2025 | $395,000 |
| Aug 2025 | $400,000 |
| Jul 2025 | $420,000 |
| Jun 2025 | $420,000 |
| May 2025 | $414,475 |
| Apr 2025 | $400,000 |
| Mar 2025 | $400,000 |
| Feb 2025 | $385,000 |
| Jan 2025 | $380,000 |
| Dec 2024 | $400,000 |
| Nov 2024 | $399,000 |
| Oct 2024 | $392,250 |
| Sep 2024 | $400,000 |
| Aug 2024 | $388,968 |
| Jul 2024 | $410,000 |
| Jun 2024 | $410,000 |
| May 2024 | $400,000 |
Source: Redfin Data Center, Richmond, VA metro area. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
What the metro area covers
The Census Bureau counts about 1,370,165 people in the Richmond, VA metro area, across 17 counties. Property taxes, recording fees and some transfer taxes are set county by county, so check the county your home is in.
| County | Population (2024 estimate) |
|---|---|
| Chesterfield County, VA | 389,793 |
| Henrico County, VA | 338,696 |
| Richmond city, VA | 233,655 |
| Hanover County, VA | 115,309 |
| Prince George County, VA | 43,589 |
| Petersburg city, VA | 34,058 |
| Powhatan County, VA | 32,392 |
| Dinwiddie County, VA | 28,576 |
| Goochland County, VA | 28,223 |
| New Kent County, VA | 27,218 |
| Hopewell city, VA | 22,970 |
| King William County, VA | 19,232 |
Plus 5 smaller counties.
Towns with the most ZIP codes in the area: Richmond, Henrico, Midlothian, Glen Allen, Petersburg, Chester, Chesterfield, Mechanicsville, Waverly, Amelia Court House, Jetersville, Mannboro.
Population and counties: U.S. Census Bureau, Vintage 2024 population estimates and 2023 metro delineations.
Virginia rules that affect sellers
Transfer tax
Virginia's grantor tax is 50 cents for each $500 of the sale price (about 0.1%), and by statute the seller (grantor) pays it unless the parties agree the buyer will pay some or all of it. The buyer separately pays the state recordation tax on the deed of 25 cents per $100. Localities in the Northern Virginia Transportation Authority add a regional fee of 10 cents per $100, also owed by the seller.
Local add-ons: Northern Virginia Transportation Authority localities add a 10 cents per $100 regional fee paid by the grantor (Va. Code section 58.1-802.3).
Seller disclosure
Under the Virginia Residential Property Disclosure Act, the seller must give the buyer the Residential Property Disclosure Statement published by the Virginia Real Estate Board. The statement is largely a buyer beware notice: the seller makes no representations about the property's condition and the buyer is told to do their own due diligence on listed matters such as flood risk, zoning and environmental issues. Separate statutory disclosures, such as military air installation noise zones, still apply.
Who handles the closing
Virginia closings (called settlements) are handled either by attorneys or by registered lay settlement agents such as title companies, and an attorney is not legally required. Both types of settlement agent are regulated under the Virginia Real Estate Settlement Agents Act.
Also worth knowing
If the home is in a property owners' association, the seller or the seller's agent must obtain a resale certificate from the association and give it to the buyer. The buyer has a right to cancel the contract that is waived if not used before settlement.
Also worth knowing
In any locality with a military air installation, the seller must disclose on a Real Estate Board form whether the property is in a noise zone or accident potential zone.
Also worth knowing
The Real Estate Board revised the Residential Property Disclosure Statement for changes in the law effective July 1, 2026, so sellers should make sure the current version of the form is used.
Source: Virginia DPOR, Disclosure Forms
Checking an agent's license
Real estate agents in Virginia are licensed by the Virginia Real Estate Board (Department of Professional and Occupational Regulation). You can look up any agent before you work with them.
Virginia Real Estate Board (Department of Professional and Occupational Regulation) license lookup
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.