How Much Is My Richmond VA Home Worth in 2026? A Realistic Answer
A no-nonsense breakdown of home values across Richmond, Henrico, Chesterfield, and beyond – and how to get a number you can actually trust.
There is no published statistic that values your specific house. What is published is the market around it. Across the Richmond metro, single-family homes that closed in July 2026 had a median sale price of $460,000, up 2.2% year over year, with a median 19 days on market and 1.8 months of supply (Central Virginia Regional MLS, current as of August 10, 2026). County medians that month ran from $440,000 in Chesterfield to $655,000 in Goochland. Your own number comes from a comparative market analysis – a walkthrough plus recent closed comparable sales – not from a metro median and not from an automated estimate. Below: what the verified numbers actually say, why several different “Richmond prices” all exist and are all real, and how a CMA is built.
Table of Contents
- 1. What Richmond Home Values Actually Did in July 2026
- 2. Why Four Different “Richmond Prices” All Exist
- 3. Why an Online Estimate Cannot Value Your Home
- 4. What a Real Comparative Market Analysis Includes
- 5. What Actually Moves Your Home’s Value
- 6. How to Get an Accurate Valuation
- Frequently Asked Questions
If you searched “how much is my home worth” and landed here, the honest answer is that no published figure values an individual home. Medians, indexes and listing-price series describe groups of houses. Yours is one house, with one roof, one kitchen and one lot, and the only way to put a defensible number on it is to look at it and compare it with homes that recently sold nearby.
What this page can do is give you the real, sourced market context around your home, show you why the numbers you have already found disagree with each other, and explain exactly what goes into a proper valuation. Every figure below is attributed to the organization that published it, with the period it covers, so you can check it yourself.
What Richmond Home Values Actually Did in July 2026
Start with what is actually published. Across the Richmond metro, the median sale price for single-family homes that closed in July 2026 was $460,000, up 2.2% from a year earlier. Those homes took a median of 19 days on market, down 13.6% year over year, and the metro ended the month with 1.8 months of supply on 1,049 closed sales. Source for every figure in this section: Central Virginia Regional MLS, closed single-family sales, July 2026. Footer: “Current as of August 10, 2026.”
The metro median is an average of very different places. Henrico County posted the largest year-over-year move among the core counties at plus 11.8%, while the City of Richmond and Chesterfield County both closed slightly below where they were a year earlier. Goochland is the most expensive core county in the report and also the slowest, at a 30-day median. A median tracks which homes happened to sell in a given month, not what any individual home is worth.
| Area | Median sale price | 1-yr change | Median days on market | Months supply | Closed sales |
|---|---|---|---|---|---|
| Richmond metro | $460,000 | +2.2% | 19 | 1.8 | 1,049 |
| City of Richmond | $450,000 | -3.4% | 17 | 1.5 | 218 |
| Henrico County | $475,000 | +11.8% | 16 | 1.5 | 287 |
| Chesterfield County | $440,000 | -3.3% | 21 | 1.8 | 407 |
| Hanover County | $525,000 | +1.0% | 21 | 2.4 | 137 |
| Goochland County | $655,000 | -3.0% | 30 | 2.8 | 44 |
| Powhatan County | $486,250 | -3.4% | 22 | 3.1 | 46 |
| Entire CVR MLS | $430,000 | +1.2% | 25 | 2.3 | 1,573 |
Single-family closed sales, July 2026. Source: Central Virginia Regional MLS Housing Market Sortable Statistics, current as of August 10, 2026. Condominium and townhouse sales are reported separately and are not included here.
Why Four Different “Richmond Prices” All Exist
If you have been researching for more than ten minutes you have already found several different prices for the same city, and you may have assumed some of them were wrong. They are all real. They measure different things, over different periods, from different data. Here are five published figures for the City of Richmond, side by side, each labeled.
| Published figure | Value | What it actually measures |
|---|---|---|
| CVR MLS median sale price | $450,000 | Single-family homes that closed in July 2026 |
| Redfin median sale price | $429,766 | All property types, closed over the three months ending June 2026 |
| Realtor.com median listing price (via FRED) | $421,950 | Asking prices of homes actively listed, July 2026 – listing side, not sales |
| Zillow ZHVI | $377,321 | A modeled home-value index, not a transaction, as of 7/31/2026 |
| Census ACS median value | $353,000 | Values reported by owners themselves, 2020-2024 five-year estimates |
The same thing happens with days on market, and the gap is instructive. CVR MLS reported a 19-day median for metro single-family sales in July 2026. The Realtor.com listing-side series for the same metro and the same month reported 40 days. Neither figure is wrong. The MLS number counts days for homes that actually sold. The listing-side number describes the inventory standing on the market at the time of measurement, which includes the slower homes that have not sold yet and may not sell for months. Long-listed homes pull the listing-side figure up and never enter the sold-side figure at all.
The same source puts 3,081 active listings and a $449,950 median listing price across the Richmond metro in July 2026. Again, that is what sellers are asking, not what buyers paid.
Why an Online Estimate Cannot Value Your Home
Automated valuation models work from public records and listing feeds. They can see square footage, bedroom and bathroom counts, lot size, year built and the recorded prices of nearby sales. They cannot see the things that separate two otherwise identical houses on the same street.
- Condition. A model has no idea whether your kitchen was replaced last year or in 1994.
- Finished basement space, which is recorded inconsistently or not at all in public records.
- Additions and permits that were never captured, or were captured with the wrong square footage.
- Lot quirks – a steep drop-off, a shared driveway, an easement, a flood-prone corner, or conversely a rare flat fenced yard.
- What the interior actually looks like, which is what buyers respond to and what comparable-sale photos reveal to a human.
- Micro-location, such as a busy through road versus the quiet block behind it.
We are deliberately not publishing an accuracy percentage for automated estimates in Richmond. No one publishes a verified local accuracy figure for this market, so any specific percentage you see quoted for Richmond is invented. What can be said with a source is narrower and more useful: the figure Zillow publishes for the City of Richmond is the Zillow Home Value Index, a modeled index rather than a transaction, at $377,321 as of 7/31/2026, and Zillow publishes no sale-price data below the metro level in any format.
What a Real Comparative Market Analysis Includes
A comparative market analysis is not a formula. It is a documented argument that your home belongs in a particular price range, built from homes a buyer could realistically have chosen instead of yours. A defensible CMA starts with closed sales that are genuinely comparable on location, size, age, style and condition, then adjusts for the differences that remain and tests the result against what is currently on the market.
| CMA input | Why it matters |
|---|---|
| Closed comparable sales, most recent months first | The closest available evidence of what buyers actually paid |
| Photos and remarks from those comps | Shows the condition and finish level behind each price |
| Active listings nearby | Your direct competition for the buyers shopping right now |
| Expired and withdrawn listings | Reveals the price points buyers already rejected |
| Pending sales | The most current signal, before closed prices are published |
| Days on market and months supply for your area | Tells you how much pricing room the market is giving sellers |
| Adjustments for size, lot, garage, basement and condition | Turns “similar homes” into a number that applies to yours |
| A walkthrough of your actual house | The only step no dataset can substitute for |
What Actually Moves Your Home’s Value
Six things do most of the work: where the house is, what condition it is in, how big and how usable the space is, what the lot offers, when you sell, and what else is available at the same time. Location is by far the largest single factor, and the sub-market data shows how large.
Redfin publishes median sale price and median price per square foot at ZIP-code level for all property types over the three months ending June 2026. The spread across Richmond-area ZIPs in that window is wide.
| ZIP | Median sale price | 1-yr change | Median $ per sq ft | Median days on market |
|---|---|---|---|---|
| 23220 | $571,871 | +3.8% | $330 | 14 |
| 23221 | $687,345 | -20.5% | $414 | 9 |
| 23223 | $364,918 | +10.6% | $232 | 19 |
| 23224 | $284,936 | +9.6% | $233 | 25 |
| 23226 | $669,849 | -0.8% | $388 | 10 |
| 23227 | $387,407 | -4.9% | $259 | 15 |
| 23229 | $523,882 | +6.4% | $301 | 10 |
| 23230 | $513,686 | -1.2% | $309 | 14 |
| 23233 | $549,876 | +3.6% | $241 | 15 |
| 23235 | $449,898 | +1.7% | $227 | 8 |
| 23238 | $521,632 | +8.7% | $233 | 13 |
| 23294 | $384,913 | +1.3% | $207 | 14 |
Source: Redfin, over the three months ending June 2026, all property types. “Based on Redfin calculations of home data from MLS and/or public records.” These are closed sale figures and are not directly comparable with the single-family CVR MLS table above, which covers a different period and only single-family homes.
Note how little the year-over-year column tells you at this level. A 20.5% drop in one ZIP over a three-month window is far more likely to reflect which houses happened to sell than a real fall in what any given house is worth. Small geographies produce small samples, and small samples swing.
How to Get an Accurate Valuation
A realistic sequence, and it does not take long.
- Write down what a dataset cannot know: the year of every major replacement, finished square footage that may not be in public records, permits pulled, and anything unusual about the lot.
- Pull your own context from a published source so you arrive informed. The CVR MLS sortable statistics reports are public through the Richmond Association of REALTORS housing reports page, and Redfin’s ZIP and county pages are free.
- Ask for a walkthrough valuation, and ask for it in writing with the comparable sales attached.
- Read the comps yourself. If a comp is in a different condition tier from your house, say so and ask how it was adjusted.
- If you are weighing an offer from an investor or an instant-offer platform, get an independent CMA first so you know what you are comparing against.
- If the number matters for a loan, a divorce settlement or an estate, order a licensed appraisal. A CMA is a market opinion, not an appraisal.
Frequently Asked Questions About Home Values in Richmond VA
How much is my house worth right now in Richmond VA?
No published statistic values an individual home. The available context is the market around yours: the median sale price for single-family homes that closed across the Richmond metro in July 2026 was $460,000, with a median 19 days on market and 1.8 months of supply (Central Virginia Regional MLS, current as of August 10, 2026). Your figure comes from a comparative market analysis – a walkthrough plus recent closed comparable sales within your immediate area, adjusted for the differences between those homes and yours.
Can I rely on Zillow’s Zestimate for my Richmond home?
Not as a pricing decision. The figure Zillow publishes for the City of Richmond is the Zillow Home Value Index, a modeled index rather than a record of any sale, at $377,321 as of 7/31/2026, and Zillow publishes no sale-price data below the metro level. We will not quote an accuracy percentage for Richmond because no one publishes a verified local one. Treat any automated estimate as a starting reference, then account for the condition, finish level, basement space and lot features no model can see.
What is a comparative market analysis (CMA)?
A CMA is a written argument that your home belongs in a particular price range. It is built from recent closed sales of genuinely comparable homes, checked against active listings, pending sales and expired listings, with explicit adjustments for size, lot, garage, basement, age and condition. It should include a walkthrough of your actual house and it should show you the comparable sales it relied on. A CMA is a market opinion, not a licensed appraisal.
How much has my home appreciated since I bought it?
No published series answers that for one address. What is published is how medians moved: across the Richmond metro, the median single-family sale price in July 2026 was up 2.2% year over year, but Henrico County was up 11.8% while the City of Richmond was down 3.4% and Chesterfield down 3.3% over the same period (Central Virginia Regional MLS). Those swings largely reflect which homes sold in a given month. To estimate your own change, compare your purchase price with a current CMA on your specific house.
Does a kitchen remodel increase my home’s value in Richmond?
Usually it helps, but we are not going to attach a local dollar figure or a percentage return to it, because no such figure is published for this market. What can be said honestly: condition and finish level are among the largest sources of variation between homes that look identical in public records, kitchens and bathrooms carry more weight with buyers than most other rooms, and finishes that match the price tier of the neighborhood tend to do better than finishes that overshoot it. Before spending, ask an agent which specific items are actually holding your price back.
How do I find recent home sales in my Richmond neighborhood?
Three free routes. The Central Virginia Regional MLS sortable statistics reports, published through the Richmond Association of REALTORS housing reports page, give closed sales, median price, days on market and months supply by city and county. Redfin publishes median sale price, price per square foot and days on market at county, ZIP and neighborhood level over a rolling three-month window. Your locality’s assessor records show recorded sale prices by address. For a full comparable-sale set with photos and condition notes, ask an agent to pull it from the MLS.
Why did my neighbor’s house sell for more than mine is worth?
Almost always condition, finished space, or lot. Two houses with the same recorded square footage can sit a full price tier apart once you account for a replaced kitchen, a finished basement that public records never captured, a newer roof and HVAC, a flat fenced yard versus a slope, or simply a quieter position on the block. Timing matters too, since a sale from six months ago happened in a different inventory picture. A CMA exists precisely to quantify those differences rather than assume they cancel out.
What’s the difference between a CMA and a professional appraisal?
A CMA is a broker’s market opinion, prepared free, used to set an asking price or evaluate an offer. An appraisal is prepared by a state-licensed appraiser for a fee, follows prescribed standards and adjustment methodology, and is what a lender relies on. If the number will be used by a lender, a court, an estate or a settlement, you need an appraisal. If you are deciding what to list at, a CMA is the right tool.
How long does a home valuation take?
The walkthrough itself is usually under an hour for a typical home. Pulling and adjusting the comparable sales is the slower part, and a written valuation you can actually read and question generally follows within a couple of days. Be wary of anything instant: a number produced without seeing the inside of your house is an automated estimate wearing a different name.
Will renovations I haven’t finished yet affect my home’s value estimate?
Unfinished work usually reduces value rather than adding it, because a buyer has to price the risk and disruption of completing it and cannot see what is behind the wall. Partially completed projects also complicate disclosure and can affect financing and inspection outcomes. Before you decide whether to finish or stop, get an opinion on whether that specific project is likely to be recovered in your price tier, and keep every permit and receipt either way.
Does the school district affect my home’s value in Henrico or Chesterfield?
School attendance zones do influence buyer demand, and buyers ask about them constantly. We do not publish school ratings, test scores or rankings, because those figures are contested, change year to year, and are not something we can source responsibly. What we can do is confirm the current attendance zone for a specific address with the school division and point you to the division’s own published information so you can evaluate it yourself.
How fast are Richmond homes selling in 2026?
It depends which measure you use, and the difference is worth understanding. For single-family homes that closed across the Richmond metro in July 2026, the median was 19 days on market, down 13.6% year over year (Central Virginia Regional MLS). The Realtor.com listing-side series for the same metro and month reported a 40-day median. The first counts homes that sold; the second describes the inventory standing on the market, including homes that have been listed a long time and have not sold. Both are real, and they are not interchangeable.
Is there enough inventory in Richmond for me to sell and buy at the same time?
Inventory is tight by historical standards, which is easier for the sale half of that plan than the purchase half. The Richmond metro carried 1.8 months of supply in July 2026, with the City of Richmond and Henrico County at 1.5 and Powhatan the loosest of the core counties at 3.1 (Central Virginia Regional MLS). On the listing side, the same metro showed 3,081 active listings in July 2026 (Realtor.com data via FRED). Under roughly three months of supply is conventionally read as favoring sellers, which is interpretation rather than a measured fact, but it is the reason buy-and-sell timing needs planning rather than optimism.
Which Richmond-area county has the highest median sale price?
Of the core counties in the July 2026 report, Goochland County was highest at a $655,000 median for single-family closed sales, followed by Hanover at $525,000, Powhatan at $486,250, Henrico at $475,000 and Chesterfield at $440,000, with the City of Richmond at $450,000 (Central Virginia Regional MLS, current as of August 10, 2026). Goochland was also the slowest, at a 30-day median. A high county median does not mean a high price for your house, since it reflects the mix of homes that sold there.
Ready to Know Your Real Number?
The Mission Realty Team offers free, no-obligation home valuations across Richmond, Henrico, Chesterfield, Hanover, Goochland, and Powhatan. Reach out today and we’ll walk through your home, pull real comparable sales, and give you a written valuation within 48 hours – no pressure, no obligation to list.
