Comprehensive market data and analysis• Updated Dec 2025
4.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 13 | 29 | 53 |
| 1-2 acres | - | 1 | 4 | 5 |
| 2-5 acres | 2 | 3 | 4 | 6 |
| 5-10 acres | - | 1 | 4 | 4 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 18 | 41 | 68 |
Acreage buckets
The median price for land in Richmond, Virginia is currently $248K per acre. For a typical parcel, the median sale price is $75K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $27K while premium lots reached $261K.
Richmond, Virginia is currently a seller's market with 4.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have increased 515.0% year-over-year.
Richmond, Virginia currently has 4.5 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Richmond, Virginia averages $554K per acre. The median price per acre is $248K, which may be more representative of typical transactions. Most parcels sold are around 12,541 sq ft.
The median land price in Richmond, Virginia stands at $75K. This translates to roughly $248K per acre for the typical parcel size. The average price is $142K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Richmond, Virginia is 22.2%. The 12-month rate is 21.9%. 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 22.2% (3-month basis), indicating strong demand. With appreciating values (+515.0% YoY), the market shows growth potential. The top-performing broker in this market is Long & Foster REALTORS.
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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
