Welcome to this month’s real estate market report for the Richmond metro area including the counties of  ChesterfieldHanoverHenrico, and Richmond City. At the end of April 2022, the average sale price for single-family homes in the Richmond metro had climbed almost 14% compared to one year ago, and sale prices for condo properties have also risen 14% from last year. If you are in the market to buy or sell a home get up to date with this helpful report.

If you are looking to buy a home in the popular Richmond metro area start searching for homes here. Find properties by price, size, location, and more! Be sure to save your favorite properties you want to tour, then, sign up to be notified as soon as new properties become available so you don’t miss out.

Have you seen a rise in the value of your home or condo and are ready to sell? Find out exactly what the value of your home is with our free home valuation tool. Simply enter some basic information about your home and we will provide you with a competitive market summary of your home and a suggested list price.

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 April 2022 was $429,549, up 13.7% from $377,951 at the end of the previous April.

There was a total of 1,220 single-family homes sold during April in the Richmond metro area, which is a year-to-year decrease of 6.4%.

There were 1,325 homes that went under contract last month, which is a year to year drop in sales activity for April of 11.1%.

A total of 1,429 new properties were offered for sale in the ChesterfieldHanoverHenrico, and Richmond City Counties during the month of April, this is a drop of 21% from one year ago, and inventory levels remain low at just 0.6 months of supply available.

Single-family homes are on the market for an average of 12 days before being sold, and sellers are getting 108.1% of their original list price at closing.

READ THE IN-DEPTH MARKET REPORT HERE!

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

At the end of April 2022 the average sale price for condos in the ChesterfieldHanoverHenrico, and Richmond City areas was $339,215, which is a year-to-year increase of 14.4%.

There were 220 condos sold last month, which is a drop of 13.7% in sales activity compared to the previous April.

There was a total of 254 properties that went under contract during April, sales activity for condos actually increase 1.2% year to year.

There were 256 new condo properties offered to buyers during April, this is a drop of 9.2% in new listing activity compared to one year ago.

Condos were on the market for an average of 25 days during April and sellers of condos were receiving 105.1% of their original list price at closing.

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

📰 Market Reports from 2021

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

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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 $379,950 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 $385,000 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 $430,000 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 April 2022 was $429,549, up 13.7%.
Author
Publisher Name
The Wilson Group
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