Welcome to this month’s real estate market report for the Richmond Metro area counties of ChesterfieldHenricoHanover, and Richmond CitySingle-family home and condo sale prices are higher year to year, however, there has been a slowdown in sales activity, and inventory are well below last year’s averages. Read the full report to find out more about the real estate market in the Richmond metro area.

Do you want to buy a home in ChesterfieldHenricoHanover, and Richmond City counties? Start your search here to find properties by price, size, location, and more by using our free search tool! Be sure to save your favorite listings you want to tour, then, sign up to be notified as soon as new homes or condos that meet your needs become available so you don’t miss out!

Are you ready to sell your Richmond metro home or condo but not sure for what price? Find out what your property may sell for by using our free home valuation tool. Simply answer the questions about your home and we will provide a market summary with a suggested starting list price for your home.

Don’t hesitate, give us a call today at 804-396-4625 and we’ll help get you started! It is quick and easy!

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🏠 Chesterfield, Hanover, Henrico, & Richmond City Housing Market Quick Stats

The average sale price for single-family homes in the Richmond metro area at the end of June 2022 was $452,303, which is a year-to-year increase of 16.2%.

There were a total of 1,441 single-family homes sold during June, this is a year-to-year decrease of 12.8%.

Pending sale activity in Chesterfield, Henrico, Hanover, and Richmond City counties dropped year to year falling 13.5% to 1,361 pending sales during June.

There were just 1,612 new listings to hit the market in the Richmond metro area in June, this is a drop of 10% in new listings compared to one year ago.

Homes are on the market for an average of ten days before being sold, sellers are getting 106.5% of their original list price at closing, and there was just 0.8 months of single-family housing inventory available to buyers at the end of June 2022.

READ THE IN-DEPTH MARKET REPORT HERE!

🏠 Chesterfield, Hanover, Henrico, & Richmond City Condo Stats Quick Stats

The average sale price for condos in the Richmond metro area at the end of June 2022 was $349,967, which is a year-to-year increase of 12.8%.

There were a total of 298 condo properties sold in ChesterfieldHenricoHanover, and Richmond City counties at the end of June, this is a year-to-year drop of 4.2%.

A total of 276 condos were pending at the end of June, this is down 10.4% compared to the previous June number of pending sales.

There were 286 new condo listings that came to market in June in the Richmond metro, new listing activity is down 25.1% from year to year.

Condos are on the market for an average of 17 days before being sold, sellers are getting 104.6% of their asking price at closing, and there is just 0.8 months of condo inventory available.

READ THE IN-DEPTH MARKET REPORT HERE!

💡 How to Take Advantage of the Wild Real Estate Market While it Lasts

Others Have Asked
If you are thinking of selling and wonder how much your house might sell for in today’s Chesterfield and Henrico Counties Real Estate Market, use this instant home value estimate or call 804-396-4625.

📊 Local Market Insight Reports

Richmond Metro Area

📰 Market Reports from 2022

January 2022February 2022
March 2022April 2022
May 2022June 2022

📰 Market Reports from 2021

January 2021February 2021
March 2021April 2021
May 2021June 2021
July 2021August 2021
September 2021October 2021
November 2021December 2021

📍 Browse by Location

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Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

🏡 Richmond Metro Area Homes for Sale

Here are the most recent home listings just added to the database in the median sale price range for Richmond Metro Area – all homes here are priced at $395,000 or less.

🏡 Chesterfield County Homes for Sale

Here are the most recent home listings just added to the database in the median sale price range for Chesterfield County – all homes here are priced at $389,500 or less.

🏡 Henrico County Homes for Sale

Here are the most recent home listings just added to the database in the median sale price range for Henrico County – all homes here are priced at $365,000 or less

Summary
Chesterfield and Henrico Counties Market Report - This Month 2022
Article Name
Chesterfield and Henrico Counties Market Report - This Month 2022
Description
The average sale price for single-family homes in the Richmond metro area at the end of June 2022 was $452,303, which is a year-to-year increase of 16.2%.
Author
Publisher Name
The Wilson Group
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