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

In September 2026, 365 Richmond-metro homes sold between $350,000 and $500,000 at a median of $412,500. It was the busiest price band in the metro’s report, and the typical home sold in 11 days.

Here is how that band compares with the ones around it, and what the numbers can and can’t tell you about the home you want.

What do the Richmond-metro price bands look like?

Price band (September 2026)	Sold	Median sale price	Median days on market	Price per sq ft	Months of supply
Under $250K	87	$203,000	12	$184.29	3
$250K–$350K	198	$309,000	15.5	$227.39	2.4
$350K–$500K	365	$412,500	11	$223.16	2.8
$500K–$750K	236	$596,309	11	$230.99	2.8
$750K–$1M	89	$825,000	18	$250.34	3.2

Source: Keeton & Co analysis of CVR MLS data, September 2026. Medians of closed sales; months of supply uses active listings.

The $350K–$500K band had 1,185 active listings at month end, more than any other band. For a buyer, that is a lot of choice.

What kind of home does $350K–$500K buy?

Property-type medians show where the budget sits. The metro median in September 2026 was $430,000 across 1,025 sales. Detached homes had a median of $455,000 (815 sold), townhouses $376,777 (122 sold) and condos $355,000 (88 sold).

So $350K–$500K covers a typical townhouse or condo and reaches the typical detached home. The metro spans very different places, so these medians describe no particular street. Ask your agent for the actual homes.

Is the $350K–$500K band competitive?

It’s quick, though not unusually so. The median was 11 days, the same as the $500K–$750K band and faster than the 15.5 days for $250K–$350K.

Across all Richmond-metro sales, 37.3% closed above list price and 44.7% included seller concessions. Those are all-price-range figures. Months of supply in this band was 2.8, which is not a market where you can assume buyers have all the leverage, nor one where every home gets bid up.

What should a buyer in this range do?

This is my interpretation. With 1,185 active listings, you don’t need to chase every new one. Split what you see into fresh, fairly priced homes, where being ready within days matters, and homes that have lingered, where there’s time to negotiate.

Get pre-approved before touring, and ask what comparable homes closed with, including credits. Our buyer page explains how we work with buyers, and our post on seller concessions covers the ask.

How far does a square foot go?

Price per square foot is a rough yardstick. In this band it was $223.16, against $230.99 for $500K–$750K and $227.39 for $250K–$350K. Those are close, which tells you little about any single house. Use it to compare two similar homes, then weigh condition, lot and updates.

What should I do next?

Tell us your budget and must-haves, and we’ll pull the homes that actually match, with closed sales for comparison. Start on our buyer page or contact us. Daniel Keeton and the Glen Allen office cover the Richmond metro. For a neighboring look, read the City of Richmond version.

Source and methodology: Keeton & Co analysis of CVR MLS data, September 2026. Data through October 3, 2026. Prices are medians of closed sales; active listings and months of supply describe homes on the market. See the live Richmond metro market report.