November 2025 Richmond Housing Market Update

As autumn settles in, Richmond’s housing market is showing signs of seasonal cooling — but opportunities remain for both buyers and sellers. October brought a slight dip in sales activity and pricing, which is typical this time of year as the market transitions from the busy summer stretch into fall.

Whether you’re preparing to buy, sell, or simply keeping up with local housing trends, staying informed about these changes can help you make smart real estate decisions before year-end. Here’s how the Richmond market performed in October.

The Richmond market eased back in October with 132 total closings, a 9.59% decrease compared to the previous month. The average sales price came in at $182,794, down 5.81% from September. Homes spent a bit more time on the market, averaging 86 days, an increase of three days month-over-month — a normal adjustment as buyer activity slows heading into the holiday season.

Even with these changes, Richmond continues to offer a balanced and approachable market for both buyers and sellers. With the right strategy and local expertise, it’s still a great time to explore your options and plan ahead for the coming year.

Looking to dive deeper into current trends or connect with a local expert? Our team is here to guide you every step of the way — whether you’re ready to make a move now or simply planning for the future.