Market · live from CVRMLS

The Ultimate Condo Stats Page.

Condominium properties only, across the Richmond metro — Richmond City, Henrico, Chesterfield, and Hanover. The current snapshot refreshes every 30 minutes; the quarterly history updates daily.

Richmond condo inventory stands at 367 active listings against 196 units under contract and 263 closings over the past 90 days, with a median of 26 days on market and a median sale-to-list ratio of 100%. The metro's 1.06% population growth rate and a one-year regional home-price gain of 3.4%—above the national rate of 2.1%—provide context for the condo median sale price of $364,999, itself part of a broader 47.7% five-year price run. Financing conditions remain a factor, with the 30-year mortgage rate at 7.27% against a 10-year Treasury yield of 4.98%.

AI synthesis of the data on this page · updated Nov 1, 2026 at 1:02 AM
360
Active listings
196
Under contract
263
Closed · last 90 days
$365K
Median sale price · last 90 days
26
Median days on market · sold
100.0%
Median sale-to-list
35%
Success rate · under contract

Success rate = pending ÷ (active + pending) — the share of listed condos already under contract, and a quick read on demand. Around 50% is balanced; higher leans to a seller’s market, below 40% to a buyer’s. Right now it reads 35% — Strong buyer's market.

What the active number is made of

Condo inventory by product type

Of 369 active condos across the metro, 78 (21%) are 2-over-2 stacked product — part of why the headline count runs high.

Types overlap. A condo can be more than one type — a historic high-rise counts under both Historic and High-rise — so each listing is counted in every type its building carries. Bucket shares therefore add up to more than 100%.

New vs. resale

Active listings, by year built

Months of supply

Active ÷ 12-mo sales pace

% under contract

Pending ÷ (active + pending)
239 active
Uncatalogued
65% of active inventory · median $356K
Months of supply
3.6
Under contract
37%
78 active
2-over-2
21% of active inventory · median $408K
Months of supply
4.8
Under contract
30%
35 active
Flats
9% of active inventory · median $330K
Months of supply
3.3
Under contract
29%
31 active
Mid-rise
8% of active inventory · median $320K
Months of supply
4.4
Under contract
34%
17 active
High-rise
5% of active inventory · median $292K
Months of supply
3.2
Under contract
23%
17 active
Historic
5% of active inventory · median $330K
Months of supply
2.8
Under contract
32%
16 active
Garden style
4% of active inventory · median $288K
Months of supply
4.4
Under contract
30%
4 active
Townhome
1% of active inventory · median $315K
Months of supply
1.8
Under contract
20%
3 active
Warehouse
1% of active inventory · median $396K
Months of supply
2.4
Under contract
25%
1 active
Walk-up / tenement
0% of active inventory · median $399K
Months of supply
0.6
Under contract
50%

Active condos (Richmond City, Henrico, Chesterfield & Hanover) grouped by each building’s curated Type tags from our building catalog. Months of supply = active listings ÷ trailing-12-month sales pace; under contract = pending ÷ (active + pending); new vs. resale is by year built (CVRMLS doesn’t flag new construction). A condo can hold several types at once, so it’s counted in each. Condos in buildings we haven’t catalogued yet fall into “Uncatalogued,” never guessed into a type.

The bigger picture · national + Richmond metro

Rates, prices & the forces behind them

7.27%
30-year fixed mortgage
Mortgage News Daily · updated daily
4.98%
10-year Treasury
Oct 2026
229 bps
Mortgage – Treasury spread
Historically ~170–190 bps
3.75%
Fed funds rate
Sep 2026

The mortgage figure is the national average 30-year fixed rate from Mortgage News Daily, shown for context only — it is not a rate quote or a loan offer. Your actual rate depends on your credit score, down payment, loan type and term, property type, occupancy, and lender, and will differ from the number above. Talk to a licensed lender for a personalized quote.

At today’s 7.27% rate, a median $365K condo with 20% down runs about $1,996/mo in principal & interest — about a $86K household income to qualify. P&I only; taxes, insurance & HOA dues are additional.

Home-price trends — short, intermediate & long run

Virginia
1 yr+3.8%
5 yr+44.1%
10 yr+80.9%
National
1 yr+2.1%
5 yr+25.3%
10 yr+82.8%

Each line is a house-price index rebased to 100 ten years ago, so the slopes compare directly. National = S&P Case-Shiller; Virginia & Richmond metro = FHFA All-Transactions HPI. Source: FRED, St. Louis Fed.

1.22M
U.S. housing starts · annualized
Sep 2026
1,389,338
Richmond metro population
Jan 2025

How Richmond’s growth compares

Annual population growth for the Richmond metro against fast-growing Southeast peer metros. Source: U.S. Census population estimates via FRED.

Raleigh +2.4%/yr
Charlotte +1.9%/yr
Nashville +1.6%/yr
Virginia Beach +0.2%/yr
Who’s moving here · and who they are

The people behind the market

$87K
Median household income
Metro · ACS 2024 5-yr
38.8
Median age
Metro · ACS 2024 5-yr
14.4%
Age 25–34 · young professionals
Share of metro population
16.7%
Age 65+ · downsizers
Share of metro population
41.1%
Bachelor’s degree or higher
Adults 25+ · ACS 2024 5-yr
Closed sales · last 12 months

Where condos actually sold

1,194 closed condo sales across the Richmond metro. Price runs along the bottom; bar height is the number of sales.

Sale price

$0K
$200K
$400K
$600K
$800K
$1M
$1.2M
$1.4M
$1.6M
$1.8M
$2M

Closed condo sale price · trailing 12 months · each band labeled by its lower edge · source: CVRMLS.

Price per square foot

$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$550
$600

Closed condo $/sqft · trailing 12 months · source: CVRMLS.

Since 2017

Median sale price & $/sqft, by quarter

10,486 closed condo sales across 40 quarters. Most recent twelve shown.

The RVA Condo Index · median closed condominium value by quarter · Richmond metro · source: CVRMLS.

QuarterClosed salesMedian priceMedian $/sqft
2024-Q1 204 $344K $230
2024-Q2 291 $367K $239
2024-Q3 277 $360K $247
2024-Q4 297 $365K $241
2025-Q1 187 $320K $240
2025-Q2 314 $346K $245
2025-Q3 297 $345K $242
2025-Q4 285 $350K $244
2026-Q1 240 $346K $231
2026-Q2 408 $355K $242
2026-Q3 300 $358K $243
2026-Q4 76 $365K $227
Last 90 days

Recently closed

Last 10 condo closings in the Richmond metro, freshest first.
ClosedAddressPriceBRBASqft
2026-10-30 13244 Brattice Loop, Midlothian · Coalfield Station $376,235 3 3 1,573
2026-10-30 1509 Regency Woods Rd Unit#T3, Henrico · Regency Woods Condominiums $233,000 3 2 1,329
2026-10-30 13289 Coalfield Station Ln, Midlothian · Coalfield Station $412,500 3 3 2,405
2026-10-30 364 Souldren Walk Unit#B, Henrico · Greengate $698,000 3 3 2,509
2026-10-30 3621 Edna Path Unit#B, Henrico · Gayton Village $499,830 3 3 2,451
2026-10-30 3763 Tee Box Ln, Midlothian · Rockwood Square Townhomes $299,990 2 3 1,573
2026-10-30 3139 Stony Point Rd Unit#C, Richmond · Bluffs Condo $650,000 3 3 2,489
2026-10-29 10125 Five Iron Run, Midlothian · Rockwood Square Townhomes $309,900 2 3 1,573
2026-10-29 239 Finial Ave, Henrico · Monument Square Condo $1,300,000 3 4 3,017
2026-10-29 251 Pumpkin Pl, North Chesterfield · Harvest Glen $395,000 2 2 1,322

Data refreshed 1 second ago · Source: Central Virginia Regional MLS (CVRMLS) via Trestle API · Condominium properties only · Richmond City + Henrico + Chesterfield + Hanover.