09/30/2026
📊 RICHMOND METRO MARKET UPDATE | AUGUST 2026
The latest numbers are in, and the Richmond market is giving us a little bit of everything, higher prices, active buyers, and homes taking a bit longer to sell.
Here’s what stood out this month:
🏡 Median Sales Price: $427,000 — up 4.1% year over year
📑 Pending Sales: 1,108 — up 6.4%
🔑 Closed Sales: 1,106 — down 10.3%
⏰ Days on Market: 27 days — up 17.4%
🏘️ Homes for Sale: 2,306 — down 3.7%
📦 Months of Inventory: 2.0 months
And the story changes depending on what you’re shopping for. Single-family homes reached a median price of $450,000, while condos and townhomes reached $379,370. Condo/townhome inventory increased year over year, while single-family inventory remained tighter.
👉 Swipe through the graphics for the full Richmond Metro snapshot and what these numbers could mean for buyers and sellers.
Thinking about making a move before the end of the year? Whether you’re buying, selling, investing, or just wondering what your home could be worth, Move Virginia Team is here to help you make sense of the market.