$3,551 Closing Credit*
$299,000
1,952 SqFt
4 Beds
•2 Full Baths
Melissa L. Bradley, Listing Office: Shore Realty, Inc.
Is Richmond County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Richmond County has remained a Buyer's Market.
Key Takeaway
Richmond County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richmond County, VA
How much do homes in Richmond County, VA cost?
Median Sold Price
$277,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,502(+8.8%)
Key Takeaway
Homes in Richmond County have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Richmond County was $277,500 in November 2024, up 8.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.4K | $49K | -86.2% |
| 2 Bedrooms | $199K | $117K | -41.2% |
| 3 Bedrooms | $210K | $305.9K | +45.7% |
| 4 Bedrooms | $460K | $422.5K | -8.2% |
| 5+ Bedrooms | $790K | $110K | -86.1% |
Summary: Richmond County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 86.2%, 2 bedroom homes decreased by 41.2%, 3 bedroom homes increased by 45.7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 86.1%.
Median Sold Price Compared To Nearby Counties
| Essex County | $276.8K | $308.5K | +11.5% |
| Northumberland County | $415K | $454.5K | +9.5% |
| Richmond County | $254.9K | $277.5K | +8.8% |
| Westmoreland County | $299K | $325K | +8.7% |
| Lancaster County | $537.5K | $577.5K | +7.4% |
Housing Supply in Richmond County, VA
How many homes are available in Richmond County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The Richmond County real estate market had 39 homes for sale in November 2024, a 14.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Richmond County 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 increased by 200%, 3 bedroom homes increased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Richmond County in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Richmond County, VA
How long does it take to sell a home in Richmond County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 31 Days | +45.3% |
Summary: Homes in Richmond County had an average of 31 days on market in Nov 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richmond County has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Richmond County; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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