Virginia’s housing market is shifting. With inventory climbing and prices stabilizing, the 50+ community in Richmond has new opportunities to downsize smartly. Learn what’s driving today’s trends—from updated zoning to flood-insurance concerns—and how to turn them into your advantage whether you’re selling, buying, or helping family make the move.

As September comes to a close, Richmond’s housing market remains strong, with prices up, inventory tight, and homes selling quickly. The overall metro area shows a median sale price of around $400,250—up nearly 7% from last year—with homes averaging just 19 days on the market. While this is citywide data, each neighborhood tells its own story, from the Museum District to Henrico to Goochland.