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| APRIL 2025 | |||
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| Units Sold 243 |
Active Inventory 429 |
Median Sale Price $400,000 |
Days On Market 19 |
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| No Change Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 243 sold this month in Richmond City Real Estate, an increase of 8%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 41 units or 11%. The total number of active inventory this April was 429 compared to 388 in April 2024. This month's total of 429 is higher than the previous month's total supply of available inventory of 402, an increase of 7%. |
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Median Sale Price
Last April, the median sale price for Richmond City Homes was $375,000. This April, the median sale price was $400,000, an increase of 7% or $25,000 compared to last year. The current median sold price is 1% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 379 |
Current Contracts 290 |
Sold Vs. List Price 104.4% |
Months of Supply 1.8 |
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| Up 9% Vs. Year Ago |
Up 1% Vs. Year Ago |
No Change Vs. Year Ago |
Up 11% Vs. Year Ago |
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Months of Supply
In April, there was 1.8 months of supply available in Richmond City, compared to 1.6 in April 2024. That is an increase of 11% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 379 homes newly listed for sale in Richmond City compared to 349 in April 2024, an increase of 9%. There were 290 current contracts pending sale this April compared to 287 a year ago. The number of current contracts is 1% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Richmond City was 104.4% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 19, higher than the average last year, which was 17, an increase of 12%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc. |
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