1 day on RocketBackup offers
$1,009 Closing Credit¹
#99922, Ashley Fuller, Listing office: C&C Realty (Cordle & Company)
Richlands Housing Market Report May 2025•Tazewell County, Virginia
Housing Prices in Richlands, VA
How much do homes in Richlands, VA cost?
Housing Market Conditions
Is Richlands, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Richlands is a Seller's Market
Difference Since May 2024
Since last year, Richlands has remained a Seller's Market.
Insight
Richlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$130,000$84/SqFt
-$9,950
-7.1%
Based on all homes sold in the last 12 months
Insight
Homes in Richlands have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Richlands was $130,000 in May 2025, down 7.1% from last year, and the median price per square foot was $84.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Cedar Bluff | $176.5K | $177K | 0.3% |
| Cedar Bluff | $176.5K | $169K | -4.2% |
| Richlands | $139.9K | $130K | -7.1% |
| Northwestern | $135K | $117.5K | -13.0% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $47.5K | - | N/A |
| 22 Bedrooms | $70K | $67K | -4.3% |
| 33 Bedrooms | $127.5K | $115K | -9.8% |
| 44 Bedrooms | $215K | $290K | +34.9% |
| 55+ Bedrooms | $700K | $375K | -46.4% |
Summary: Richlands housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -4.3%. The home price for 3 bedroom homes decreased by -9.8%. The home price for 4 bedroom homes increased by +34.9%. The home price for 5 bedroom homes decreased by -46.4%.
How does Richlands, VA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Richlands, VA
Housing supply in Richlands, VA
How many homes are available in Richlands, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthMay 2025 | ||
| 92 months agoApr 2025 | -44.4 % Change MoMApr – May |
Summary: The Richlands real estate market had 5 homes for sale in May 2025, a 44.4 % decrease compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthMay 2025 | ||
| 32 months agoApr 2025 | -66.7 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 6 | 5 | -16.7% |
| 44 Bedrooms | 2 | 0 | -100.0% |
| 55+ Bedrooms | 1 | 0 | -100.0% |
Summary: Richlands housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -16.7%. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes decreased by -100.0%.
Asking Price vs. Sold Price
How much do homes in Richlands, VA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Richlands, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Richlands in May 2025, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Richlands, VA
How long does it take to sell a home in Richlands, VA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Most homes in Richlands are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2025, 1 homes were sold in Richlands; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 327 DaysThis YearMay 2025 | ||
| 230 Days1 year agoMay 2024 | +42.2 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Richlands had an average listing age of 327 days in May 2025, up by 42.2% compared to the previous year.
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Newest Listings in Richlands, VA
What homes are available in Richlands, VA?
Backup offers
$3,443 Closing Credit¹
#97501, Melanie Trinkle, Listing office: Keller Williams
$2,138 Closing Credit¹
#99319, Lisa Cordle, Listing office: C&C Realty (Cordle & Company)
Nearby markets
Nearby markets aren't available for Richlands, VA
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MLS Disclaimers and Copyright
Based on information from Southwest Virginia Association of REALTORS® MLS, for the period 06/01/2023 - 06/01/2025
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2025 Southwest Virginia Association of REALTORS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 2:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 2:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.