KW Metro Center-Q1 2023 Market Report-Greater Richmond Market

RICHMOND METRO ® Each office independently owned and operated.

Q1 2023 MARKET REPORT

AVG SALE PRICE $ 419,692 TOTAL UNITS SOLD 854 AVG DAYS ON MARKET 25 TOTAL DOLLAR VOLUME $358M AVG SALE PRICE $333,127 TOTAL UNITS SOLD 255 TOTAL DOLLAR VOLUME $85M Chesterfield, Hanover, Henrico & Richmond City TOWNHOUSES & CONDOS (Q1) Chesterfield, Hanover, Henrico & Richmond City SINGLE FAMILY

AVG DAYS ON MARKET 25

(Q1)

3

Q1 2023 % diff from 2022 Q1 2023 % diff from 2022 Q1 2023 % diff from 2022 single family units sold avg price avg days 860 $423,153 27 -24+93 82 $647,033 30 -1 +13 +15 261 $487,218 36 -12 +7 +100 condo/ townhome units sold avg price avg days 190 $341,235 34 +1 +4 +62 10 $553,982 17 +150 +10 +325 35 $328,975 19 -36 -1 -66

HANOVER CO Q1 2023 % diff from 2022 Q1 2023 % diff from 2022 Q1 2023 % diff from 2022 single family units sold avg price avg days 547 $394,031 23 -23 +4 +64 104 $449,929 36 -12 +15 +50 88 $507,572 41 +1 +7 +78 condo/ townhome units sold avg price avg days 241 $353,459 25 +17 +2 +9 19 $291,281 12 +217 -5 -54--HENRICO

NEW

POWHATAN CO Q1 2023 % diff from 2022 Q1 2023 % diff from 2022 Q1 2023 % diff from 2022 single family units sold avg price avg days 91 $316,397 46 +14 -2 +109 450 $377,801 25 -27 -1 +25 234 $202,975 31 -22 +10 +55 condo/ townhome units sold avg price avg days--64 $270,832 23 -44 -20 -51 8 $239,931 25+26 +212 PRINCE

RICHMOND

CHESTERFIELD CO GOOCHLAND CO

CO

KENT CO

GEORGE CO

CITY TRI-CITIES

get to know the good life. ALEXANDRIA 1701 Duke Street, Suite 100 Alexandria, VA 22314 703-535-3610 ARLINGTON 2111 Wilson Boulevard, Suite 1050 Arlington, VA 22201 703-224-6000 TYSONS 8133 Leesburg Pike, Suite 800 Vienna, VA 22182 703-564-4000 MIDLOTHIAN 15871 City View Drive, Suite 120 Midlothian, VA 23113 804-858-9000 VIENNA 144 Church Street NW Vienna, VA 22180 703-564-4000