Q3 2022 MARKET REPORT ® Each office independently owned and operated.
RICHMOND METRO
TOTAL DOLLAR VOLUME
TOTAL UNITS SOLD
$4.5B
10,414
AV G D AY S O N MARKET
AV G SALE PRICE
13
$427,760
SINGLE FAMILY (year to date) Chesterfield, Hanover, Henrico & Richmond City
TOTAL UNITS SOLD
TOTAL DOLLAR VOLUME
2,050 AV G SALE PRICE $343,449
AV G D AY S O N MARKET
$704M
24
TOWNHOUSES & CONDOS (year to date) Chesterfield, Hanover, Henrico & Richmond City
Q3 2022 GREATER RICHMOND REGION CHESTERFIELD CO
GOOCHLAND CO
HANOVER CO
Q3 2022
% diff from 2021
Q3 2022
% diff from 2021
Q3 2022
% diff from 2021
single family
units sold avg price avg days
1529 $427, 12
-22 +14 +9
104 $654,193 28
-4 +6 -33
416 $484,700 18
-22 +16 +20
condo/ townhome
units sold avg price avg days
223 $335,385 18
-1 +12 +6
13 $532,651 51
-24 -16 -
33 $336,265 23
-49 +17 +64
HENRICO CO
NEW KENT CO
POWHATAN CO
Q3 2022
% diff from 2021
Q3 2022
% diff from 2021
Q3 2022
% diff from 2021
single family
units sold avg price avg days
975 $428,862 12
-21 +10 +20
157 $435,014 22
-2 +11 +29
122 $420,370 18
-27 -7 -
condo/ townhome
units sold avg price avg days
342 $357,606 26
-12 +16 +44
28 $297,089 30
+600 +26 +200
-
-
PRINCE GEORGE CO
RICHMOND CITY
TRI-CITIES
Q3 2022
% diff from 2021
Q3 2022
% diff from 2021
Q3 2022
% diff from 2021
single family
units sold avg price avg days
101 $327,694 22
+3 +5 +69
740 $415,976 12
-16 +7 -14
303 $202,370 17
-15 +8 -6
condo/ townhome
units sold avg price avg days
1 $235,500 72
-
96 $319,649 17
-36 +8 -26
8 $179,113 15
+33 -22 +36
Photo Courtesy of Tina Morris (opposite)
3
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ALEXANDRIA 1701 Duke Street, Suite 100 Alexandria, VA 22314 703-535-3610
ARLINGTON 2111 Wilson Boulevard, Suite 1050 Arlington, VA 22201 703-224-6000
VIENNA 144 Church Street NW Vienna, VA 22180 703-564-4000
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