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Q1 2024 MARKET REPORT
RICHMOND METRO
AVG SALE PRICE $457,093 TOTAL UNITS SOLD 2,009 AVG DAYS ON MARKET 27 TOTAL DOLLAR VOLUME $918M AVG SALE PRICE $376,317 TOTAL UNITS SOLD 541 TOTAL DOLLAR VOLUME $203M Chesterfield, Hanover, Henrico & Richmond City SINGLE FAMILY (ytd) AVG DAYS ON MARKET 34 TOWNHOUSES & CONDOS (ytd) Chesterfield, Hanover, Henrico & Richmond City
Q1 2024
GREATER RICHMOND REGION
3
Q1 2024 % diff from 2023 Q1 2024 % diff from 2023 Q1 2024 % diff from 2023 single family units sold avg price avg days 823 $465,221 29 -5 +10 +7 63 $751,052 28 -23 +16 -7 211 $536,719 42 -20 +9 +14 condo/ townhome units sold avg price avg days 219 $370,531 35 +14 +9 +6 11 $578,245 32 +10 +4 +88 25 $405,469 58 -29 +23 +205 CHESTERFIELD CO GOOCHLAND CO HANOVER CO Q1 2024 % diff from 2023 Q1 2024 % diff from 2023 Q1 2024 % diff from 2023 single family units sold avg price avg days 511 $458,338 21 -7 +16 -9 76 $479,635 42 -28 +7 +11 81 $506,147 28 -8-32 condo/ townhome units sold avg price avg days 222 $394,876 31 -8 +12 +29 9 $307,354 22 -53 +6 +83--HENRICO CO NEW KENT CO POWHATAN CO Q1 2024 % diff from 2023 Q1 2024 % diff from 2023 Q1 2024 % diff from 2023 single family units sold avg price avg days 66 $339,216 33 -27 +7 -28 449 $403,119 24+7 -4 213 $229,370 33 -9 +3 +6 condo/ townhome units sold avg price avg days 1 $319,500 82-71 $324,096 32 +11 +20 +39 3 $234,333 35 -62 -2 +40 PRINCE GEORGE CO RICHMOND CITY TRI-CITIES
ALEXANDRIA
1701 Duke Street, Suite 100 Alexandria, VA 22314
703-535-3610
ARLINGTON
2111 Wilson Boulevard, Suite 1050 Arlington, VA 22201
703-224-6000
144 Church Street NW Vienna, VA 22180
703-564-4000
MIDLOTHIAN
15871 City View Drive, Suite 120
Midlothian, VA 23113
804-858-9000
1775 Tysons Blvd Suite 1450
Tysons, VA 22102
703-564-4000
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