What does $350K–$500K buy in the City of Richmond in 2026?

In September 2026 the City of Richmond’s $350,000–$500,000 band had a median sale price of $408,312 and sold in a median of 6.5 days. The band’s 6.5 days was the lowest median among the six bands, but with only 42 sales that is a snapshot, not a rule.

So the common question, what does $400,000 get you, comes with a second one: how hard will you have to move to get it?

How does the $350K–$500K band compare with every other band?

Here is each price band for the City of Richmond in September 2026, with its sample size.

Price band	Sold	Median price	Days on market	Price per sq ft	Months of supply
Under $250K	34	$200,000	10.5	$183.85	3.0
$250K–$350K	44	$308,000	15.5	$240.08	3.0
$350K–$500K	42	$408,312	6.5	$251.46	2.8
$500K–$750K	34	$588,309	9	$317.37	2.0
$750K–$1M	18	$815,000	8	$365.01	1.8
$1M+	14	$1,417,034	9	$449.82	2.0

Each band is a few dozen sales at most, so one unusual house can move the median. Use the table to see the pattern, not to price a particular home.

How quickly did homes in this band sell?

The band’s 6.5 days is well under the 15.5 days in the band just below it. Citywide, the median home spent 9 days on the market, so this band was quicker than the city overall, though the other bands are also small samples and the gaps between them are a few days.

The data doesn’t say why. There were 149 active listings in the band, and months of supply was 2.8, a little higher than the 2.0 and 1.8 in the pricier bands. That points to somewhat more choice than at the top of the market, not a generous selection.

What kind of home does that money buy?

Price per square foot is the clearest data point. The figures don’t give square footage, so I can’t tell you the size of the typical home. Look at it as a comparison: this band sold at $251.46 per square foot, against $240.08 in the $250K–$350K band and $317.37 in the $500K–$750K band.

Citywide, detached homes sold at a median of $390,000 (163 sales) and condos at $330,000 (17 sales). The citywide detached median sits inside this budget, though prices vary by neighborhood and street. I won’t claim which neighborhoods fit this budget, because the figures don’t break it down by neighborhood.

What does it mean for buyers and sellers?

This section is interpretation, not data.

If you’re buying in this band, be ready before you tour. That means pre-approval in hand and a clear idea of what you’d be willing to offer. With a 6.5-day median, half of the homes in this band sold in 6.5 days or less.

If you’re selling in this band, the speed describes homes that sold, not every home that was listed, so it isn’t a promise for yours.

Either way, a band median is a starting point. Your street, condition and floor plan decide the rest.

What should I do next?

If your budget sits in or near this range, tell us what you’re looking for and we can look at how recent closed sales compare in your target neighborhoods. Start a conversation about buying in Richmond. You can also read our City of Richmond market update for September 2026 or visit the Glen Allen office. Written by Daniel Keeton, broker.

Source: Keeton & Co analysis of CVR MLS data, September 2026. Data through October 3, 2026. Prices and per-square-foot figures are medians of closed sales; sold counts are September closings. Active listings and months of supply describe the market at month end. Full data: City of Richmond market page.