Market Update- August 2026 The median single-family home in the Richmond metro area sold for $450,000 in August 2026, up 3.7% year over year, and went under contract in a median of 22 days. Condos and townhomes reached a median of $379,370 — but took 46 days, up from 33 a year ago. The market split in two Single-family supply is down to 1.8 months, and sellers are getting 99.5% of original list price. That's still tight — a balanced market runs five to six months of supply. C