Q4 2022 MARKET REPORT RICHMOND METRO ® Each office independently owned and operated.
Chesterfield, Hanover, Henrico & Richmond City SINGLE FAMILY (year to date) AVG
TOTAL
TOWNHOUSES & CONDOS (year to date)
Chesterfield, Hanover, Henrico & Richmond City
AVG SALE PRICE $429,460 TOTAL UNITS SOLD 12,962 AVG DAYS ON MARKET 14 TOTAL DOLLAR VOLUME $5.6B AVG SALE PRICE
SOLD
$344,367 TOTAL UNITS
2,701
DOLLAR VOLUME
$930M
MARKET
DAYS ON
24
GREATER RICHMOND REGION Q4 2022
3
Q4 2022 % diff from 2021 Q4 2022 % diff from 2021 Q4 2022 % diff from 2021 single family units sold avg price avg days 1075 $426,267 18 -35 +12 +50 88 $660,239 24 -27 +25 -31 302 $487,876 22 -35 +19condo/ townhome units sold avg price avg days 243 $332,844 23 +4 +11 +10 17 $534,783 31 +55 +9 +158 49 $369,935 24 -35 +16 +9
Q4 2022 % diff from 2021 Q4 2022 % diff from 2021 Q4 2022 % diff from 2021 single family units sold avg price avg days 615 $418,712 17 -40 +13 +21 105 $449,761 33 -39 +17 +14 86 $442,328 20 -39 -3condo/ townhome units sold avg price avg days 270 $361,971 20 -30 +14 -5 31 $304,795 24 +210 +6 -63---
NEW
POWHATAN
Q4 2022 % diff from 2021 Q4 2022 % diff from 2021 Q4 2022 % diff from 2021 single family units sold avg price avg days 69 $390,273 29 -30 +33 +81 530 $445,381 19 -32 +12 +6 279 $201,683 25 -16 +8 +25 condo/ townhome units sold avg price avg days--78 $338,596 36 -30 +22 +56 2 $157,500 4 -78 -12 -80
CHESTERFIELD CO GOOCHLAND CO HANOVER CO
HENRICO CO
KENT CO
CO
PRINCE GEORGE CO RICHMOND CITY TRI-CITIES
get to know the good life. ALEXANDRIA 1701 Duke Street, Suite 100 Alexandria, VA 22314 703-535-3610 ARLINGTON 2111 Wilson Boulevard, Suite 1050 Arlington, VA 22201 703-224-6000 TYSONS 8133 Leesburg Pike, Suite 800 Vienna, VA 22182 703-564-4000 MIDLOTHIAN 15871 City View Drive, Suite 120 Midlothian, VA 23113 804-858-9000 VIENNA 144 Church Street NW Vienna, VA 22180 703-564-4000
