Do homes sell over asking in Richmond, VA?
In Richmond, VA, 47% of homes sold for more than the asking price during May 2026. The other 53% sold at or below what the seller asked.
Across all sales, the typical home fetched 101% of its asking price. That is above the asking price on average, which means bidding is still happening on the better homes.
32% of the homes on the market cut their price during the same stretch. A high number there and a low number above asking usually means sellers are starting too high.
A share this high means well-priced homes in Richmond, VA are still drawing competing offers. If you are buying, expect to need your best number first.
Source: Redfin's published market data for the Richmond, VA area, through May 2026.
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More about the Richmond, VA market
- When is the best month to sell a house in Richmond, VA?
- How long does it take to sell a house in Richmond, VA?
- Are home prices going up or down in Richmond, VA?
- Is Richmond, VA a buyer's market or a seller's market?
- How many homes are for sale in Richmond, VA?
- All Richmond, VA housing numbers
Other markets
- Do homes sell above asking price in Virginia Beach, VA?
- Do homes sell above asking price in Roanoke, VA?
- Do homes sell above asking price in Charlottesville, VA?
- Do homes sell above asking price in Lynchburg, VA?
- Do homes sell above asking price in Winchester, VA?
- Do homes sell above asking price in Blacksburg, VA?
- Do homes sell above asking price in Staunton, VA?
- Do homes sell above asking price in Harrisonburg, VA?
Figures come from Redfin's published market data for the Richmond, VA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.