Jan 2, 2025 - Real Estate
Richmond had even more million-dollar home listings in 2024
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Homes listed for over $1 million are taking up a larger share of the market in Richmond and everywhere, per Redfin.
By the numbers: Last year, there were 527 homes listed for over $1 million in Richmond, or around 3.3% of all listings.
- That's way up from the 222 listings (1.1%) of Richmond homes listed for over $1 million in 2020.
Nationally, million-dollar homes grew 1 percentage point to 9.3% in 2024 from 2023, Redfin found.
The intrigue: The number of U.S. cities in which typical home values are above $1 million climbed to 550 in 2024 from 491.
- Seven of those are in Virginia, per Zillow.
The bottom line: U.S. median home prices have nearly doubled over the last decade.