October 2025 Richmond Housing Market Update

Fall is here, and with it comes a shift in the local housing market. While activity has cooled slightly from late summer highs, Richmond’s market remains steady, with strong home values and healthy buyer interest. Let’s take a closer look at how September shaped up.

The Richmond area housing market showed mixed trends in September. The average home value rose to $194,067, marking a 7.47% increase from August — a positive sign for homeowners. However, the number of closings fell to 146, representing a 27.72% decrease month-over-month. Meanwhile, the average days on market lengthened to 83 days, up by 14 days from the previous month.

Despite the seasonal slowdown, demand continues to support prices as buyers take advantage of steady inventory and sellers remain confident in their equity. As we move deeper into fall, these figures suggest a balancing market — one where well-priced homes continue to attract serious buyers.

Whether you’re thinking about buying, selling, or simply curious about what your home is worth, the local experts at Coldwell Banker Lingle are here to help. Reach out today for a personalized market analysis or to learn more about current opportunities in your neighborhood.