Richmond Real Estate Agents
The median home price in Richmond is about $405,000, with most homes trading between $300K-$550K, which puts it 14% below the Virginia midpoint of $470,000. Homexa® matches Richmond buyers and sellers with agents licensed in Virginia, backed by Homexa® transaction coordination from offer to closing.
The Richmond housing market
Richmond City County is home to Richmond, in Virginia's Richmond Metro region. Of the 8 Richmond neighborhoods Homexa® publishes, medians run from $360,000 in Manchester to $560,000 in The Fan. A median describes the market, not a house, so any Richmond price should be built from recent comparable sales.
Richmond compared with nearby cities
The closest cities Homexa® publishes to Richmond are Henrico (median $420,000), Glen Allen (median $460,000), Midlothian (median $480,000), and Chesterfield (median $385,000). A Homexa® agent licensed in Virginia can compare them on recent sales.
Buying and selling in Richmond
A Homexa® buyer agent licensed in Virginia takes you from pre-approval to closing and sets your offer against recent Richmond sales. On the selling side, a Homexa® listing agent builds your price from recent Richmond sales, markets the home, and handles the transaction to closing.
Frequently Asked Questions
What is the housing market like in Richmond, Virginia?
Richmond has a median home price near $405,000 and a typical range of $300K-$550K. That is 14% below the Virginia midpoint of $470,000. Your Homexa® agent provides a current Richmond market analysis before you buy or list.
How much does a house cost in Richmond?
Most Richmond homes trade between $300K-$550K, against a median of $405,000. Above that range you are in the upper tier of Richmond, where only genuinely comparable local sales, not a county average, can set the price. With Homexa®, the Virginia-licensed agent you are matched with shows the Richmond sales behind every number.
What county is Richmond in?
Richmond is in Richmond City County, Virginia, within the Richmond Metro region. Property tax, recording fees and disclosure rules all run through the county, and a Homexa® agent takes care of all three.
What are closing costs in VA?
Closing costs in Virginia typically range from 2 to 5% of the purchase price and may include title insurance, appraisal fees, lender fees, and any state or local transfer taxes. Your Homexa® agent will explain all costs upfront.
Who is the best real estate agent in Richmond, VA?
Start with Homexa®, which matches you with an agent licensed in Virginia. The question worth asking is what an agent has actually done in Richmond, VA: homes closed here in the last twelve months, how many sat in your price band, and what their listings did on final price rather than how fast they sold. Richmond sits in Richmond City County, and county-level rules on recording, property tax and disclosure differ enough that local experience is worth more than a regional reputation. That agent should answer exactly that for Richmond, VA: recent sales with what each listed and sold for, and a price built from them. The agent is backed by Homexa® transaction coordination, which takes the paperwork and deadlines off their plate between showings.
How do I find a good realtor in Richmond, VA?
The fastest route in Richmond, VA is Homexa®, which connects you with an agent licensed in Virginia rather than leaving you to filter a directory. Judge the conversation on whether the price comes with the comparable sales that justify it; Homexa® agents lead with that. Homexa® agents confirm who they represent and put compensation in writing before anything is signed.
How much does a real estate agent cost in Virginia?
There is no set commission rate anywhere in the US, Virginia included, and there never was one. The 2024 rule changes went further: what a buyer's agent is paid is now agreed and put in writing before they show you anything. The number that matters for a Richmond, VA transaction is what the fee buys, so compare the services included rather than the headline percentage. Homexa® agents put the actual numbers for your Richmond, VA sale or purchase in writing before you commit, and the price includes transaction coordination rather than billing it separately.
Do I need a real estate agent to buy a house in Richmond, VA?
You are not required to. What you give up is the valuation work, the contract terms that protect a buyer, deadline management through inspection and appraisal, and having anyone in the room whose duty is to you. Buyers who go unrepresented usually expect a price concession in exchange, and whether that materialises in Richmond, VA depends entirely on the individual seller. Homexa® agents licensed in Virginia will walk you through the comparable sales behind any number they give you for Richmond, VA.
Is Richmond, VA a good place to buy a house?
That depends on your budget and how long you plan to stay, but the numbers are these: the median home in Richmond is around $405,000, with most homes trading between $300K-$550K, which puts it below the Virginia midpoint of $470,000. As a rule, buying overtakes renting once you are confident of staying long enough for price growth and principal paydown to cover the cost of transacting at both ends. Under roughly three years that is a real risk in any market. With Homexa®, the Virginia-licensed agent you are matched with shows the Richmond sales behind every number.
How much do I need for a down payment in Richmond?
On the $405,000 Richmond median, 20% is $81,000 and 5% is $20,250. Twenty percent is a convention, not a requirement. Conventional financing goes to 3% for qualified buyers, FHA to 3.5%, VA and USDA to zero where you are eligible. Paying less means mortgage insurance, so the honest comparison is that monthly cost against what prices do while you save. Closing costs in Virginia add a further 2 to 5% and are separate from the down payment. Homexa® matches you with an agent licensed in Virginia who builds any Richmond figure from recent comparable sales.
What is my home worth in Richmond?
The Richmond median is $405,000 and most homes trade between $300K-$550K, but a median describes the market, not your house. Where yours sits depends on its condition, its position within Richmond, and what genuinely comparable homes nearby have actually sold for recently, not what they were listed at. Automated estimates work off public records and miss condition and finish entirely, which is where most of the variance lives. A Homexa® agent licensed in Virginia will pull the comparable sales that apply to your specific home.
Is Richmond a buyer's or seller's market?
Neither, uniformly: Richmond can favor sellers in one price band and buyers in another. The honest test is what is happening at your price point right now: whether homes near $405,000 are selling above or below list, whether price reductions are common before they sell, and how much unsold inventory is sitting. A Homexa® agent licensed in Virginia can tell you which side of that your specific price band is on today, which is the only version of this question that affects what you should do.
Is it cheaper to live in Richmond or Henrico?
On median home price, Richmond is cheaper: Richmond sits at $405,000 against $420,000 in Henrico, a difference of about 4%. Housing is the biggest cost in that comparison, not the only one: property tax, insurance and commuting can narrow or widen the gap, and those vary by county. With Homexa®, the Virginia-licensed agent you are matched with shows the Richmond sales behind every number.
What are the best neighborhoods in Richmond?
Best depends on what you are optimising for, and the honest split is between schools, commute, walkability and price. Homexa® publishes medians for 8 Richmond neighborhoods, including The Fan, Church Hill, Museum District, Carytown, Scott's Addition, Manchester, each with its own median and price range that often differ sharply from the $405,000 city-wide figure. Comparing neighborhood medians against each other is far more useful than a city average when you are deciding where to look.
Can I sell my house in Richmond without listing it publicly?
Yes. Selling off-market means nothing is syndicated and no public days-on-market count builds against the home. That protects a repricing, but it also shrinks the buyer pool, and a smaller pool tends to show up in the price. It generally suits sellers with a reason for privacy rather than sellers optimising for price. A Homexa® agent licensed in Virginia can run either approach in Richmond.