Townhouse market in Richmond: Buyer's Market · 25 townhouses sold (30d) · avg $996,463 · 36 days on market
Buyers currently have more choice in Richmond's townhouse market, with homes taking longer to sell. In the past 30 days, 25 townhouses sold across Richmond at an average sold price of $996,463. Townhouses are selling in an average of 36 days on the market. The absorption rate is 5.9% — meaning 5.9% of active townhouse inventory sells each month. Average townhouse prices in Richmond are down 3% compared to the 90-day average of $1,026,963. If you're considering buying a townhouse in Richmond, you have more time to negotiate — though well-priced townhomes still attract attention.
Average sold price per month (townhouses)
How many townhouses sold in each price bracket (last 90 days)
Based on 25 townhouse sales recorded in the last 30 days via MLS® board data.
Based on current data, Richmond is a Buyer's Market for townhouses.
The absorption rate is 5.9%, with 425 active townhouse listings and 25 sales in the last 30 days.
What this means for buyers: You have more negotiating power. There are more townhouses available than buyers, giving you time to find the right home without as much competition pressure.
Townhouses in Richmond are taking an average of 36 days on the market before selling, based on sales in the last 30 days.
25 townhouses sold in Richmond in the last 30 days, based on MLS® data.
There are currently 425 active townhouse listings in Richmond.