Housing Prices in Richlands, VA

How much do homes in Richlands, VA cost?

Median List Price

$259,000

$160/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

+$17,000(+7.0%)

Key Takeaway

The list price of homes in Richlands has increased by 7% since last year.

Summary: The median home list price in Richlands was $259,000 in November 2024, up 7% from the previous year, and the median price per square foot was $160.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $242K$235K
-2.9%
3 $139.9K$212.4K
+51.8%
4 --
N/A
5+ $1.0M$895K
-18.3%

Summary: Richlands housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 51.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 18.3%.

Median List Price Compared To Nearby Cities

Cedar Bluff
+21.5%
Richlands
+7.0%
Cedar Bluff
+5.5%
Northwestern
+2.1%

Housing Supply in Richlands, VA

How many homes are available in Richlands, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
12+100.0%

Summary: The Richlands real estate market had 2 homes for sale in November 2024, a 100.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Richlands housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Days on Market for Richlands, VA

How long does it take to sell a home in Richlands, VA?

Average Listing Age

Nov 2023Nov 2024CHANGE
134 Days8 Days-94.1%

Summary: Homes in Richlands had an average listing age of 8 days in Nov 2024, down by 94.1% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Richlands, VA

Nearby Markets to Richlands, VA