(STACKER) — Those looking to buy a home are finding it harder and harder to remain in Richmond, according to Realtor.com data presented by Stacker.
The median listing price in Richmond was $442,970 in December 2023 — a 16.2% change from the year before. Record-high mortgage rates are keeping homes largely unaffordable for most buyers.
That’s causing potential homeowners to expand their searches outside costly urban cores, especially when they can work from home.
So where are Richmonders thinking of moving to?
The Blackburn Inn & Conference Center (1828) Staunton, Virginia. (Photo AP/Courtesy of Historic Hotels of America and Blackburn Inn & Conference Center.)The Atlanta skyline is shown, Monday, March 31, 2014, in Atlanta. (AP Photo/Mike Stewart)The skyline of downtown Charlotte, N.C., is shown Thursday, Aug. 16, 2012. (AP Photo/Chuck Burton)Fishermen try their luck from a pier in Kill Devil Hills, N.C., Friday, Sept. 5, 2008. (AP Photo/Gerry Broome)Athletes compete in the swim portion of the IRONMAN 70.3 Virginia’s Blue Ridge on June 05, 2022 in Roanoke, Virginia. (Photo by Mike Mulholland/Getty Images for IRONMAN)Beach umbrellas are separated on the sand Thursday, July 9, 2020, in Myrtle Beach, S.C. (AP Photo/Chris Carlson)The Virginian Lynchburg, Curio Collection by Hilton (1913) Lynchburg, Virginia. (Photo: AP/Courtesy of Historic Hotels of America and The Virginian Lynchburg, Curio Collection by Hilton.The Lawn at the University of Virginia is shown to be desolate on graduation weekend at the school Saturday May 16, 2020, in Charlottesville, Va.(AP Photo/Steve Helber)The U.S. Capitol in Washington, D.C., is seen from the East Front Plaza on Tuesday, June 27, 2023. (Greg Nash, The Hill)Virginia Beach is among the U.S. cities where wages are growing fastest, according to a recent analysis. (Getty Images)
Stacker examined data from Realtor.com’s Cross-Market Demand Report to see where people in Richmond are looking to buy homes. View share is based on page views of active listings during the fourth quarter of 2023 on Realtor.com. It does not include international viewers.
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 218 metros.
