Chesterfield and Henrico Counties Market Report – This Month 2022
Welcome to this month’s real estate market report for the Richmond Metro, Virginia, including the counties of Chesterfield, Hanover, Henrico, and Richmond City. Sale prices for single-family homes and condos have climbed from August to September, and overbidding of properties continues. Rising home prices are having a slowing effect on the market, pending and closed sales activity has dropped year to year, and inventory remains tight with less than one month of housing and condo supply available. Find out more about the Richmond Metro real estate market in this helpful report.
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Contents
- 🏠 Chesterfield, Hanover, Henrico, & Richmond City Housing Market Quick Stats
- 🏠 Chesterfield, Hanover, Henrico, & Richmond City Condo Stats Quick Stats
- 📊 Local Market Insight Reports
- 📰 Market Reports from 2022
- 📰 Market Reports from 2021
- 📍 Browse by Location
- 🏡 Richmond Metro Area Homes for Sale
- 🏡 Chesterfield County Homes for Sale
- 🏡 Henrico County Homes for Sale
🏠 Chesterfield, Hanover, Henrico, & Richmond City Housing Market Quick Stats
The average sale price for single-family homes in the Richmond Metro at the end of September 2022 was $413,798, this is up 11.2% compared to the previous September.
There was a total of 1,076 single-family homes closed during September, this is a drop of 22.6% in closing activity when compared to this time one year ago.
A total of 939 single-family properties went under contract, pending activity has dropped 24.7% year to year.
New listing activity is down compared to the previous September, falling from 1,393 new listings at this time one year ago, to just 1,149 for the month of September 2022.
In the Chesterfield, Hanover, Henrico, and Richmond City counties, single-family homes are on the market for an average of 15 days before being sold, up from 12 days one year ago. Sellers of single-family homes in the Richmond Metro are getting 100.8% of their asking price at closing.
At the end of September 2022, there was just one month of single-family home inventory available to buyers in the Richmond Metro.
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 at the end of September 2022 was $358,229, which is an increase of 13% compared to the previous September.
There was a total of 240 condos sold in Chesterfield, Hanover, Henrico, and Richmond City counties last month, this is a drop in sales of 2.8% compared to this time one year ago.
There was a total of 201 condos that went under contract in September in the Richmond Metro, this a drop, in closing activity of 23.6% from one year ago.
New listing activity is slowing down compared to this time one year ago, there were just 223 new listings to come to market in September in the Richmond metro, this is down from 305 one year ago.
Condos in the Richmond Metro are on the market for 24 days before being sold, this is down from 17 days one year ago. Sellers of condos are getting 101.3% of their asking price at closing, and there is just 1.1 month of inventory available.
READ THE IN-DEPTH MARKET REPORT HERE!
💡 How to Take Advantage of the Wild Real Estate Market While it Lasts
📊 Local Market Insight Reports
Richmond Metro Area
📰 Market Reports from 2022
| January 2022 | February 2022 |
| March 2022 | April 2022 |
| May 2022 | June 2022 |
| July 2022 | August 2022 |
| September 2022 |
📰 Market Reports from 2021
| January 2021 | February 2021 |
| March 2021 | April 2021 |
| May 2021 | June 2021 |
| July 2021 | August 2021 |
| September 2021 | October 2021 |
| November 2021 | December 2021 |
📍 Browse by Location
| Chesterfield | Midlothian |
| Henrico | Hanover |
| Richmond | Fan District |
| Church Hill |
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 $371,750 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 $380,00 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 $351,500 or less
