Comprehensive market data and analysis• Updated Oct 2026
6.3 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 6 | 18 | 36 | 67 |
| 1-2 acres | - | 1 | 2 | 6 |
| 2-5 acres | 1 | 2 | 4 | 8 |
| 5-10 acres | - | - | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 7 | 21 | 43 | 83 |
Acreage buckets
The median price for land in Richmond, Virginia is currently $414K per acre. For a typical parcel, the median sale price is $77K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $394K.
Richmond, Virginia is currently a balanced market with 6.3 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 2.4% year-over-year.
Richmond, Virginia currently has 6.3 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Land in Richmond, Virginia averages $744K per acre. The median price per acre is $414K, which may be more representative of typical transactions. Most parcels sold are around 8,538 sq ft.
The median land price in Richmond, Virginia stands at $77K. This translates to roughly $414K per acre for the typical parcel size. The average price is $160K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Richmond, Virginia is 15.9%. The 12-month rate is 15.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Richmond, Virginia is 15.9% (3-month basis), indicating strong demand. With depreciating values (-2.4% YoY), buyers may find value opportunities. The top-performing broker in this market is Real Broker LLC.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Richmond on LandyDandy.
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