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-area condominiums are selling at a median of $365,000, closing at exactly 100% of list price with a median of 20 days on market, against a backdrop of 328 active listings and 191 units under contract. Richmond's broader home prices rose 3.4% over the past year and 47.7% over five years, outpacing the national one-year gain of 1.5%, while the metro's 1.06% population growth rate situates it between faster-growing peers such as Raleigh (2.36%) and slower-growing Virginia Beach (0.21%). The 30-year fixed mortgage rate of 6.81%, anchored by a 10-year Treasury yield of 4.66%, forms the current financing environment in which 311 condos closed in the last 90 days.
AI synthesis of the data on this page · updated Aug 29, 2026 at 6:16 AMSuccess 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 37% — Strong buyer's market.
Of 333 active condos across the metro, 76 (23%) 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%.
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 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 6.81% rate, a median $365K condo with 20% down runs about $1,906/mo in principal & interest — about a $82K household income to qualify. P&I only; taxes, insurance & HOA dues are additional.
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.
Annual population growth for the Richmond metro against fast-growing Southeast peer metros. Source: U.S. Census population estimates via FRED.
Closed condo sale price · trailing 12 months · each band labeled by its lower edge · source: CVRMLS.
Closed condo $/sqft · trailing 12 months · source: CVRMLS.
The RVA Condo Index · median closed condominium value by quarter · Richmond metro · source: CVRMLS.
| Quarter | Closed sales | Median price | Median $/sqft |
|---|---|---|---|
| 2023-Q4 | 263 | $340K | $226 |
| 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 | 193 | $364K | $242 |
| Closed | Address | Price | BR | BA | Sqft |
|---|---|---|---|---|---|
| 2026-08-28 | 3410 Monument Ave Unit#U303, Richmond · Monument Terrace | $199,950 | 1 | 1 | 540 |
| 2026-08-28 | 4602 Twin Hickory Lake Dr, Glen Allen · Holly Glen | $330,000 | 2 | 2 | 1,440 |
| 2026-08-28 | 301 N Hamilton St Unit#C, Richmond · Mount Vernon Condominiums | $350,000 | 2 | 2 | 828 |
| 2026-08-28 | 1504 Ewing Park Loop Unit#201, Chesterfield · Promenade at Winterfield | $260,000 | 2 | 2 | 1,158 |
| 2026-08-27 | 4310 Monument Park, Richmond · Monument Park | $705,000 | 3 | 4 | 2,448 |
| 2026-08-27 | 8024 Lake Laurel Ln Unit#B, Glen Allen · None | $417,990 | 3 | 3 | 2,617 |
| 2026-08-26 | 13329 Coalfield Station Ln, Midlothian | $2,760 | 3 | 3 | 2,630 |
| 2026-08-26 | 9691 Turning Point Dr Unit#B, Glen Allen · Village at Virginia Center Commons | $365,835 | 3 | 3 | 2,345 |
| 2026-08-25 | 4860 Bacova Village Trl, Glen Allen · Bacova Village | $559,950 | 4 | 3 | 1,951 |
| 2026-08-25 | 701 N Allison St Unit#U8, Richmond · None | $290,000 | 2 | 1 | 717 |
Data refreshed 11 seconds ago · Source: Central Virginia Regional MLS (CVRMLS) via Trestle API · Condominium properties only · Richmond City + Henrico + Chesterfield + Hanover.
