Market Overview
Richmond's median sold price is $390K with homes averaging 31 days on market; Washington DC is at $670K and 55 days (12-month settled sales in smover's records, through Aug 2026). Washington DC is pricier ($670K median vs $390K), a difference of about $280K. Richmond moves faster, with homes averaging 31 days on market compared to 55 in Washington DC. Richmond offers a lower entry point at $125K–$1.5M.
Richmond
VA
Washington DC
DC
Median Sold Price
12 months through Aug 2026
$390K
$670K
Avg Days on Market
12 months through Aug 2026
31 days
55 days
Price Range
$125K–$1.5M
$200K–$5M+
Notable Neighborhoods
The Fan, Carytown, Church Hill, Scott's Addition
Georgetown, Capitol Hill, Dupont Circle, Navy Yard
VA
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Frequently Asked Questions
Is Richmond or Washington DC more affordable?
Richmond is more affordable with a median sold price of $390K, compared to $670K in Washington DC (12-month settled sales in smover's records, through Aug 2026). Both cities offer a wide range of housing options, from condos and townhomes to single-family homes. Richmond prices range from $125K–$1.5M. Washington DC prices range from $200K–$5M+.
How do Richmond and Washington DC compare?
Richmond is Virginia's capital and a city experiencing a major renaissance. Washington, D. The right choice depends on your priorities: budget, commute length, home types, and neighborhood feel. smover lets you compare agent profiles and available transaction records in either city.
Median sold prices and days on market are 12-month aggregates of settled sales in smover's records, through Aug 2026. School data from Virginia DOE, Maryland MSDE, and DC OSSE public reports. Property tax rates from Virginia Dept. of Taxation (2024). Walkability scores from Walk Score (2024). Crime data from FBI UCR and Virginia State Police (2023). Commute times are approximate rush-hour estimates. Updated September 2026.