In the Richmond metro, the typical home goes under contract in about 10 days. That’s the median days on market for closed sales over the 12 months ending Oct. 31, 2026 (Keeton & Co analysis of CVR MLS data). Add the time it takes to prepare the house before listing and to close after you accept an offer, and most sellers should plan on roughly two to three months from the decision to sell to the day they get paid. Overpriced or tired homes take longer.
Google’s AI Overview, captured Nov. 1, 2026, says: “It takes an average of 30 to 45 days on the market to get an accepted offer in Richmond, VA, followed by an additional 30 to 60 days to close, bringing the total timeline to roughly 60 to 90 days.” The total is about right. The days-on-market piece is too slow for most of the market, and that matters when you plan your move.
How fast are Richmond homes selling right now?
| Richmond metro | 12 months ending Oct. 31, 2026 | 12 months ending Oct. 31, 2025 |
|---|---|---|
| Closed sales | 14,214 | 14,256 |
| Median days on market | 10 | 10 |
| Median sale price | $429,788 | $425,000 |
| Sale price to final list price | 100% | 100% |
Source: Keeton & Co analysis of CVR MLS data, closed residential sales.
The median hides a long tail. In September 2026, 30.2% of the homes that sold went pending within 7 days, 45% within 14 days and 64.1% within 30 days. That means about one in three took longer than a month. The average was 28.3 days, pulled up by homes that sat.
Your first two weekends on the market get the most showings. If you’re going to adjust the price, the data says do it early, not after day 45.
Does it depend on where in Richmond you live?
Yes, but less than people think. Here’s September 2026 by area:
| Area | Median days on market | Share pending within 30 days | Months of supply |
|---|---|---|---|
| City of Richmond | 9 | 73.1% | 2.6 |
| Henrico County | 13 | 65.7% | 2.5 |
| Hanover County | 13 | 69.6% | 2.8 |
| Chesterfield County | 12 | 60.6% | 3.0 |
| Richmond metro | 12 | 64.1% | 2.8 |
Source: Keeton & Co analysis of CVR MLS data, Sept. 1 to Sept. 30, 2026.
Inventory is rising. Metro months of supply was 2.8 in September 2026, up from 2.3 a year earlier. That’s still a seller-leaning market, but buyers have more choices than they did a year ago, so condition and price matter more.
Which month is fastest to sell a house in Richmond?
Spring. Median days on market for metro homes that closed each month, from our MLS analysis:
| Month closed | Median days on market | Closed sales |
|---|---|---|
| January 2026 | 22.5 | 780 |
| March 2026 | 10 | 1,149 |
| April 2026 | 7 | 1,366 |
| May 2026 | 7 | 1,503 |
| June 2026 | 8 | 1,606 |
| September 2026 | 12 | 1,025 |
Homes that closed in April and May sold about three times faster than homes that closed in January. Keep in mind that a home closing in May usually went under contract in March or April.
If you can list in late February or March, you catch the buyers who want to move before school ends. Use the winter to finish repairs and photos.
Thinking about timing this year? Read should I list this fall or wait until spring.
What slows a Richmond home sale down?
| What slows it | Why | Fix |
|---|---|---|
| Pricing above the comps | Buyers and their agents compare every listing | Price from the last 90 days of sales, not the Zestimate |
| Deferred repairs | Inspection surprises reopen negotiations | Handle the obvious items first, or price for them |
| Poor photos | Most buyers decide to tour online | Professional photos, a floor plan and a video |
| Hard to show | Fewer showings means fewer offers | Make it easy to see on the first two weekends |
| Financing problems | Appraisal or loan issues push the closing back | Review buyer pre-approvals and proof of funds before you accept |
In September 2026, 25.9% of the metro homes that sold had a price reduction first, and the median cut was $15,050. A reduction costs you time and money.
Ask your agent how many showings a week a listing at your price normally gets. If you’re well below that, the price is the message.
How long does it take to close after accepting an offer?
The AI Overview says 30 to 60 days. Your contract sets the date, and the main drivers are the buyer’s loan type, the appraisal, the inspection and the title work. Cash closes can be much faster.
| Step | What happens | Who controls it |
|---|---|---|
| Inspection period | Buyer inspects and may ask for repairs | Contract deadlines |
| Appraisal | Lender confirms value | Lender’s appraiser |
| Loan approval | Underwriting signs off | Buyer and lender |
| Title and settlement | Payoffs, deed, closing documents | Settlement agent |
| Closing | You sign, the buyer funds, you get paid | Everyone above |
Pros of a quick cash sale to an investor: speed and certainty. Cons: you usually give up price. Get a market-priced listing estimate before you decide; the difference is often bigger than sellers expect. See what happens at a Virginia home closing for the details.
Why sell with Keeton & Co?
I’m Daniel Keeton, Broker and Founder of Keeton & Co Real Estate. We closed 706 homes in the last 12 months, more than 4,200 all-time, and we have 1,722 Google reviews. RealTrends verified 718 transaction sides and $295.32 million in volume for us in 2025. Yes, I’m biased, but that volume means we know what a Richmond listing at your price should do in its first two weeks.
Read what it costs to sell a house in Richmond, then get your home’s value and a selling plan or call 804-373-2223.
Market figures are Keeton & Co analysis of CVR MLS data for the periods shown. AI Overview text was captured from Google on Nov. 1, 2026. Written by Daniel Keeton, Broker & Founder. Updated Nov. 1, 2026.
Related: Selling in Central Virginia · Buying in Central Virginia · Glen Allen office · About the author
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