Richmond, Virginia Housing Market Report – July 2026: Full Monthly Recap of Prices, Inventory & Trends
The Mission Realty Team’s complete monthly recap of the Richmond region’s housing market, covering the City of Richmond, Henrico, Chesterfield, Goochland, Hanover, and Powhatan.
Central Virginia Regional MLS recorded 1,049 single-family closed sales across the Richmond Metro area in July 2026, up 0.5% from July 2025, at a median sales price of $460,000, up 2.2%. Metro homes sold in a median of 19 days, down 13.6%, with months supply of inventory at 1.8, down 5.3%. Across the entire CVR MLS footprint there were 1,573 single-family closed sales, up 0.4%, at a median of $430,000, up 1.2%, a median 25 days on market, and 2.3 months of supply. Locality by locality the picture varied sharply: Henrico County posted the largest one-year price gain, up 11.8%, Goochland and Hanover counties posted the largest closed-sales gains, up 51.7% and up 33.0%, and Chesterfield County remained the highest-volume locality at 407 closed sales. This recap breaks down all six localities plus the metro and MLS-wide totals, and closes with a full FAQ.
Table of Contents
July 2026 was a mixed month across the greater Richmond single-family market, and the direction depended on which locality you looked at. Central Virginia Regional MLS recorded 1,049 single-family closed sales across the Richmond Metro area, up 0.5% from a year earlier, and 1,573 across the entire MLS footprint, up 0.4%.
Prices moved both ways. Henrico County’s median sales price rose 11.8% year over year to $475,000, the largest gain in the report, while Richmond City and Powhatan County medians each fell 3.4%, to $450,000 and $486,250. The Richmond Metro median rose 2.2% to $460,000 and the MLS-wide median rose 1.2% to $430,000.
Homes generally sold faster than a year ago. Median days on market fell in four of the six localities and across the metro, was unchanged in Powhatan County, and rose only in Goochland County. Hanover County posted the sharpest drop, down 41.7% to 21 days. Months supply of inventory – the CVR MLS measure of how long it would take to sell everything currently listed – tightened in Richmond City, Henrico, and Chesterfield and loosened modestly in Hanover, Goochland, and Powhatan. Every locality is covered in detail below.
Richmond City
Central Virginia Regional MLS recorded 218 single-family closed sales in Richmond City in July 2026, up 6.9% from July 2025. The median sales price was $450,000, down 3.4% year over year.
The city was one of the faster markets in the report. Single-family homes sold in a median of 17 days, down 5.6% from a year earlier, and months supply of inventory was 1.5, down 16.7%, the sharpest inventory tightening of any locality in the report.
Henrico County
Henrico County recorded 287 single-family closed sales in July 2026, down 2.0% from July 2025, but the county posted the largest price gain in the report: a median sales price of $475,000, up 11.8% year over year.
Henrico was also the fastest locality in the report, with a median of 16 days on market, down 11.1% from a year earlier. Months supply of inventory was 1.5, down 11.8%.
Chesterfield County
Chesterfield County remained the highest-volume locality in the report, with 407 single-family closed sales in July 2026. That total was down 8.3% from July 2025, the steepest one-year decline of any locality.
The county median sales price was $440,000, down 3.3% year over year, and it was the lowest locality median in the report. Homes still sold quickly, at a median 21 days on market, down 8.7%, and months supply of inventory was 1.8, down 10.0%.
Goochland County
Goochland County recorded 44 single-family closed sales in July 2026, up 51.7% from July 2025, the largest one-year increase in the report, though on the smallest sales base of any locality.
Goochland carried the highest median sales price in the report at $655,000, down 3.0% year over year. It was also the slowest market, at a median 30 days on market, up 11.1%, with months supply of inventory at 2.8, up 3.7%.
Hanover County
Hanover County recorded 137 single-family closed sales in July 2026, up 33.0% from July 2025, the second-largest volume gain in the report. The median sales price was $525,000, up 1.0% year over year.
Hanover posted the report’s sharpest improvement in pace, with a median of 21 days on market, down 41.7% from a year earlier. Months supply of inventory was 2.4, up 4.3%.
Powhatan County
Powhatan County recorded 46 single-family closed sales in July 2026, up 4.5% from July 2025. The median sales price was $486,250, down 3.4% year over year.
Median days on market was 22, unchanged from July 2025, and months supply of inventory was 3.1, up 6.9%, the highest months supply of any locality in the report.
Richmond Metro and MLS-Wide Totals
Across the Richmond Metro area, Central Virginia Regional MLS recorded 1,049 single-family closed sales in July 2026, up 0.5% from July 2025, at a median sales price of $460,000, up 2.2%. Metro homes sold in a median of 19 days, down 13.6%, with months supply of inventory at 1.8, down 5.3%.
Across the entire CVR MLS footprint, which reaches beyond the Richmond Metro area, there were 1,573 single-family closed sales, up 0.4%, at a median sales price of $430,000, up 1.2%. MLS-wide median days on market was 25, unchanged from a year earlier, and months supply of inventory was 2.3, also unchanged.
None of the figures above are predictions. The Mission Realty Team does not publish price or inventory forecasts. These numbers describe single-family transactions that closed in July 2026 as reported by CVR MLS, and they will be replaced when the next monthly release is published.
| Area (Single Family, July 2026) | Closed Sales | Closed Sales 1-Yr Chg | Days on Market | Days on Market 1-Yr Chg | Median Sales Price | Median Price 1-Yr Chg | Months Supply of Inventory | Months Supply 1-Yr Chg |
|---|---|---|---|---|---|---|---|---|
| Entire MLS | 1,573 | + 0.4% | 25 | 0.0% | $430,000 | + 1.2% | 2.3 | 0.0% |
| Richmond Metro | 1,049 | + 0.5% | 19 | – 13.6% | $460,000 | + 2.2% | 1.8 | – 5.3% |
| Richmond City | 218 | + 6.9% | 17 | – 5.6% | $450,000 | – 3.4% | 1.5 | – 16.7% |
| Chesterfield County | 407 | – 8.3% | 21 | – 8.7% | $440,000 | – 3.3% | 1.8 | – 10.0% |
| Henrico County | 287 | – 2.0% | 16 | – 11.1% | $475,000 | + 11.8% | 1.5 | – 11.8% |
| Hanover County | 137 | + 33.0% | 21 | – 41.7% | $525,000 | + 1.0% | 2.4 | + 4.3% |
| Goochland County | 44 | + 51.7% | 30 | + 11.1% | $655,000 | – 3.0% | 2.8 | + 3.7% |
| Powhatan County | 46 | + 4.5% | 22 | 0.0% | $486,250 | – 3.4% | 3.1 | + 6.9% |
Frequently Asked Questions About the Richmond, Virginia Housing Market in July 2026
What was the median home price in the Richmond region in July 2026?
The median sales price for single-family homes across the Richmond Metro area was $460,000 in July 2026, up 2.2% from July 2025, according to Central Virginia Regional MLS. Across the entire CVR MLS footprint the median was $430,000, up 1.2%. Locality medians ranged from $440,000 in Chesterfield County to $655,000 in Goochland County.
Which Richmond-area locality had the fastest price growth in July 2026?
Henrico County, at up 11.8% year over year to a median sales price of $475,000. It was the only locality in the report with a double-digit gain. Hanover County was the only other locality with a higher median than a year earlier, up 1.0% to $525,000.
How many homes sold across the Richmond area in July 2026?
Central Virginia Regional MLS recorded 1,049 single-family closed sales across the Richmond Metro area, up 0.5% from July 2025, and 1,573 across the entire MLS footprint, up 0.4%. Chesterfield County had the most closings of any locality at 407, and Goochland County the fewest at 44.
Which locality had the biggest increase in closed sales?
Goochland County, at up 51.7% year over year, though on a small base of 44 single-family closed sales. Hanover County was second at up 33.0% on 137 closed sales. Chesterfield County had the steepest decline, down 8.3% on 407 closed sales.
Is the Richmond housing market a buyer’s or a seller’s market right now?
By the CVR MLS inventory measure it is a seller’s market throughout the region. Months supply of inventory in July 2026 ranged from 1.5 in Richmond City and Henrico County to 3.1 in Powhatan County, with the Richmond Metro area at 1.8 and the entire MLS at 2.3. All of those readings are below the level usually described as balanced.
How long does it take to sell a house in the Richmond area?
Median days on market for single-family homes in July 2026 ranged from 16 days in Henrico County to 30 days in Goochland County. The Richmond Metro median was 19 days and the MLS-wide median was 25 days. All of these are medians, so half of the homes that closed took longer.
Which Richmond-area locality has the most affordable homes?
On a median-price basis, Chesterfield County had the lowest median sales price of the six localities in July 2026 at $440,000, followed by Richmond City at $450,000. Goochland County was the highest at $655,000. A median is not a price range, and every locality has homes well above and below its median.
How did Richmond City perform in July 2026?
Richmond City recorded 218 single-family closed sales, up 6.9% from July 2025, at a median sales price of $450,000, down 3.4%. Median days on market was 17, down 5.6%, and months supply of inventory was 1.5, down 16.7%.
How did Henrico County perform in July 2026?
Henrico County recorded 287 single-family closed sales, down 2.0% from July 2025, at a median sales price of $475,000, up 11.8%, the largest one-year price gain in the report. Median days on market was 16, down 11.1%, and months supply of inventory was 1.5, down 11.8%.
How did Chesterfield County perform in July 2026?
Chesterfield County recorded 407 single-family closed sales, the most of any locality, though down 8.3% from July 2025. The median sales price was $440,000, down 3.3%. Median days on market was 21, down 8.7%, and months supply of inventory was 1.8, down 10.0%.
How did Goochland, Hanover, and Powhatan counties perform in July 2026?
Goochland County recorded 44 single-family closed sales, up 51.7%, at a median of $655,000, down 3.0%, with 30 days on market and 2.8 months of supply. Hanover County recorded 137 closed sales, up 33.0%, at a median of $525,000, up 1.0%, with 21 days on market, down 41.7%, and 2.4 months of supply. Powhatan County recorded 46 closed sales, up 4.5%, at a median of $486,250, down 3.4%, with 22 days on market and 3.1 months of supply.
What is months supply of inventory, and how does it vary across the region?
Months supply estimates how long it would take to sell every home currently on the market at the recent pace of sales, so a lower number means tighter supply. In July 2026 it ranged from 1.5 in Richmond City and Henrico County to 3.1 in Powhatan County, with the Richmond Metro area at 1.8 and the entire CVR MLS at 2.3.
How many homes are for sale in the Richmond area right now?
The CVR MLS single-family Sortable Statistics report does not publish a count of active listings, so this recap does not state one. Months supply of inventory is the inventory metric it reports: 1.8 for the Richmond Metro area in July 2026, 2.3 MLS-wide, and between 1.5 and 3.1 across the six localities.
What is the outlook for the Richmond housing market?
The Mission Realty Team does not publish price, inventory, or days-on-market forecasts. What the July 2026 CVR MLS data shows is a Richmond Metro median up 2.2% year over year, closed sales up 0.5%, days on market down 13.6%, and months supply down 5.3%. Future months depend on factors this report does not measure.
Where does this data come from, and can I get figures for my specific neighborhood?
Every figure in this recap comes from the Central Virginia Regional MLS Housing Market Sortable Statistics report, single-family closed sales for July 2026, current as of August 10, 2026, and is updated monthly. That report publishes localities as a whole and does not break out neighborhood or ZIP-level figures, so for a specific address call the Mission Realty Team at (804) 601-4960 for a comparable sales analysis.
Get Your Free Personalized Richmond-Area Market Analysis
Whether you are buying or selling anywhere across Richmond City, Henrico, Chesterfield, Goochland, Hanover, or Powhatan, the Mission Realty Team offers free, no-obligation home valuations and personalized market strategy sessions. Contact the Mission Realty Team today at (804) 601-4960 to plan your next move with confidence.
