Chesterfield and Henrico Counties Market Report – This Month 2022
Welcome to this month’s real estate market report for the Richmond Metro area, including the communities of Chesterfield, Hanover, Henrico, and Richmond City counties. Average sale prices for single-family homes and condos are up year to year, inventory has increased slightly in the Richmond Metro area for 2022. However, there has been a slowdown in sales activity due to seasonal trends and increased interest rates. Find out more about Richmond Metro real estate with this helpful report.
Are you ready to buy a home in Chesterfield, Hanover, Henrico, or Richmond City counties? Start your search here to find the perfect property by price, size, location, and more! Be sure to save your favorite listings to tour, then, sign up to be notified as soon as new listings that match your wish list become available. Get started today!
Are you ready to sell your home in the Richmond Metro, but just not sure what it might be worth? Find out your home or condo’s value with our free home valuation tool. Simply enter some basic information about your property and we will provide you with a comprehensive market report including a suggested list price, Home values are unique, and knowing the exact value is the first step to selling your home. Don’t hesitate to get started today!
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 area at the end of November 2022 was $438,816, which is up 13.5% year to year from $386,737.
There was a total of 805 single-family properties sold during November, this is a drop of 39.1% compared to 1,321 sold during the previous November.
Pending sale activity also fell year to year, dropping 44.6% from 1,321 pending sales during November 2021 to just 805 pending sales for November 2022.
Single-family homes in the Chesterfield, Henrico, Hanover, and Richmond City counties are on the market for an average of 18 days before being sold, and sellers are getting just 99.7% of their original asking price at closing.
At the end of November 2022, there were just 1.2 months of single-family home inventory available in the Richmond Metro, this is up 71.4% compared to the previous November.
READ THE IN-DEPTH MARKET REPORT HERE!
🏠 Chesterfield, Hanover, Henrico, & Richmond City Condo Stats Quick Stats
There was a total of 188 condo properties sold last month, compared to the previous November this is a 31.4% drop in sales activity from 274.
There have been just 2,353 condo properties that have gone under contract in the Richmond Metro area so far this year, this is a drop of 20.6% from 2,965 total pending properties at this time in 2021.
Condos for sale in the Richmond Metro were on the market for an average of 24 days during November 2022, and sellers of condos are getting 100.2% of their original asking price for their condo at closing.
Condo inventory at the end of November in the Richmond Metro was at 1.5 months, which is up from 1.1 months at this time one year ago.
READ THE IN-DEPTH MARKET REPORT HERE!
💡 How to Avoid Surprises When Buying a Home
📊 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 | October 2022 |
| November 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 $370,000 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 $374,980 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 $356,837 or less
