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.

336
Active listings
188
Under contract
294
Closed · last 90 days
$360K
Median sale price · last 90 days
21
Median days on market · sold
100.0%
Median sale-to-list
36%
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 36% — Strong buyer's market.

What the active number is made of

Condo inventory by product type

Of 345 active condos across the metro, 74 (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)
212 active
Uncatalogued
61% of active inventory · median $365K
Months of supply
3.1
Under contract
40%
74 active
2-over-2
21% of active inventory · median $430K
Months of supply
4.8
Under contract
30%
39 active
Flats
11% of active inventory · median $293K
Months of supply
3.5
Under contract
22%
34 active
Mid-rise
10% of active inventory · median $300K
Months of supply
4.4
Under contract
19%
20 active
Historic
6% of active inventory · median $305K
Months of supply
2.8
Under contract
9%
20 active
Garden style
6% of active inventory · median $305K
Months of supply
5.3
Under contract
20%
18 active
High-rise
5% of active inventory · median $293K
Months of supply
3.5
Under contract
31%
6 active
Warehouse
2% of active inventory · median $373K
Months of supply
4.2
Under contract
0%
2 active
Townhome
1% of active inventory · median $435K
Months of supply
0.8
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

6.97%
30-year fixed mortgage
Mortgage News Daily · updated daily
4.80%
10-year Treasury
Sep 2026
217 bps
Mortgage – Treasury spread
Historically ~170–190 bps
3.63%
Fed funds rate
Aug 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 6.97% rate, a median $360K condo with 20% down runs about $1,910/mo in principal & interest — about a $82K household income to qualify. P&I only; taxes, insurance & HOA dues are additional.

Home-price trends — short, intermediate & long run

Richmond metro
1 yr+3.4%
5 yr+47.7%
10 yr+97.5%
Virginia
1 yr+3.8%
5 yr+44.1%
10 yr+81.7%
National
1 yr+1.5%
5 yr+28.9%
10 yr+83.0%

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.

+1.5%
National home prices · YoY
Case-Shiller · Jun 2026
1.24M
U.S. housing starts · annualized
Jul 2026
+3.4%
Richmond metro prices · YoY
FHFA HPI · Apr 2026
779
Richmond building permits · monthly
Jul 2026
1,389,338
Richmond metro population · +1.1%/yr
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
Richmond +1.1%/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

1,226 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
$2.2M

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
$650

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

Since 2017

Median sale price & $/sqft, by quarter

10,264 closed condo sales across 39 quarters. Most recent twelve shown.

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

QuarterClosed salesMedian priceMedian $/sqft
2023-Q4 263 $340K $226
2024-Q1 204 $344K $230
2024-Q2 291 $367K $239
2024-Q3 277 $360K $247
2024-Q4 228 $359K $246
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 223 $360K $241
Last 90 days

Recently closed

Last 10 condo closings in the Richmond metro, freshest first.
ClosedAddressPriceBRBASqft
2026-09-10 360 Souldren Walk Unit#B, Henrico · Greengate $700,000 3 3 2,509
2026-09-09 1502 Cedar Mountain Ct, Henrico · Stonewall Manor Condominiums $220,000 3 2 1,246
2026-09-09 7600 Portadown Ct Unit#2812, Henrico · Shannon Green Condo $195,000 2 2 912
2026-09-09 3614 Daisy Field Walk Unit#B, Henrico · Gayton Village $439,835 3 3 2,451
2026-09-08 5621 Cary Street Rd Unit#U103, Richmond · Tuckahoe Condominiums $310,000 2 1 1,016
2026-09-08 302 Myrtle St Unit#C, Ashland · Myrtle Street Comms $410,000 3 3 2,055
2026-09-08 2988 Woodbridge Crossing Dr, Midlothian · Brandermill $255,000 2 3 1,192
2026-09-08 7705 Okeith Ct Unit#1802, Henrico · Shannon Green Condo $220,000 2 2 912
2026-09-07 13294 Coalfield Station Ln, Midlothian · Coalfield Station $360,000 2 2 1,538
2026-09-04 2542 E Straw Bridge Chse, Henrico · Westleyen Condo $285,000 2 3 974

Data refreshed 2 seconds ago · Source: Central Virginia Regional MLS (CVRMLS) via Trestle API · Condominium properties only · Richmond City + Henrico + Chesterfield + Hanover.