Balanced Market · avg townhouse price $943,400 · 2 sold (30d) · 38 days on market
The Woodwards, Richmond townhouse market is balanced, giving both buyers and sellers reasonable negotiating power. In the past 30 days, 2 townhouses sold across Woodwards, Richmond at an average sold price of $943,400. Townhouses are selling in an average of 38 days on the market. The absorption rate is 17.6% — meaning 17.6% of active townhouse inventory sells each month. Average townhouse prices in Woodwards, Richmond are down 14.9% compared to the 90-day average of $1,109,200.
12-month average townhouse sold price
| Month | Sold | Avg price | $/sqft | Avg DOM |
|---|---|---|---|---|
| October | 3 | $974,933 | $533 | 48 days |
| September | 4 | $1,173,500 | $651 | 39 days |
| August | 3 | $1,214,667 | $645 | 21 days |
| July | 2 | $1,320,000 | $645 | 43 days |
| June | 3 | $1,278,267 | $641 | 19 days |
| April | 1 | $965,000 | $688 | 47 days |
| March | 2 | $1,214,000 | $652 | 7 days |
| January | 3 | $1,043,333 | $656 | 121 days |
Monthly MLS® sold townhouses over the last 12 months. Months with no recorded sales are omitted; a single sale can swing a month's average in lower-volume areas.
Woodwards is a Balanced Market for townhouses (absorption rate: 17.6%, 2 sold vs 17 active listings in the last 30 days).