Welcome to this month’s Richmond metro area real estate market report covering the areas of ChesterfieldHanoverHenrico, and Richmond City. How has the nationwide rise in housing prices affected the Richmond area real estate market? After the last year of restrictions in the real estate market back to normal? Read this helpful report to find out.

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Are you thinking of selling your home but not sure what to price it for? We can get you started with our free home valuation tool. Simply enter some basic information about your home or condo, then we will provide you with a market summary of suggested pricing for your home. With home prices rising quickly it is important to price accurately.

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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 including the counties of ChesterfieldHanoverHenrico, and Richmond City ended the month of April at $378,277, a year-to-year increase of 17% from $323,360.

There were 1,290 single family properties closed on during April, an increase of 9% from the 1,183 the previous April.

A total of 1,747 new single-family home listings hit the Richmond metro real estate market during April, a 17% increase from April 2020.

Homes in the Richmond metro are on the market for an average of 14 days before being sold as we head into the summer buying season, this is a contraction of 46.2% from the 26-day average at this time one year ago.

There is less than one month of inventory available to buyers in the  ChesterfieldHanoverHenrico, and Richmond City areas. The total number of single-family listings is 1,032, a 51% drop from this time last year

Sellers of homes in the Richmond metro area have seen their original list-to-sale price ratio increase 4.6% year to year, up from 99.7% to 104.3% at the end of April 2021.

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 ended the month of April at $296,908, a year-to-year increase of 1.7% from $292,080

There were 253 condos sold during April, an increase of 25% from 201 sold during the previous April.

In the Richmond metro area, 287 new condo listings hit the market, a year-to-year increase of 20%.

The counties of Chesterfield, Hanover, Henrico, and Richmond had 266 condo listings go under contract, an increase in activity from the previous April, which had only 175 listings go pending. 

Condos are on the market in the Richmond metro for an average of 18 days before being sold, shrinking 43% from the 32-day average at this time last year.

The average list-to-sale price ratio ended April at 102.7%, a year-to-year increase of 2.9% from 99.8%.The average list to sale price ratio ended April at 102.7%, a year to year increase of 2.9% from 99.8%.

Inventory remains tight for the condo market as well, falling over the last twelve months from 2.2 months of supply available to 0.9 months available at the end of April 2021.

READ THE IN-DEPTH MARKET REPORT HERE!

Home Buying and Selling During the Coronavirus Pandemic

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 2021

January 2021February 2021
March 2021April 2021

📰 Market Reports from 2020

January 2020February 2020
March 2020April 2020
May 2020June 2020
July 2020August 2020
September 2020October 2020
November 2020December 2020

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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 $340,00 or less.

🏡 Chesterfield County Homes for Sale

Here are the most recent home listings just added to the database in the average price range for Chesterfield County, all homes are priced at $338,350 or less.

🏡 Henrico County Homes for Sale

Here are the most recent home listings just added to the database in the average price range for Henrico County, all homes are priced at $326,050 or less.

Summary
Chesterfield and Henrico Counties Market Report - This Month 2021
Article Name
Chesterfield and Henrico Counties Market Report - This Month 2021
Description
The average sale price for single-family homes in the Richmond metro area including the counties of Chesterfield, Hanover, Henrico, and Richmond City ended the month of April at $378,277, a year-to-year increase of 17% from $323,360.
Author
Publisher Name
The Wilson Group
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