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August 2026 Condo and Townhouse Market: Richmond, Henrico and Chesterfield

OwnRVA Public Research · August 2026

OwnRVA Public Research · August 2026

Updated: September 30, 2026. Published: September 29, 2026.

A separate property-type view of attached-home sales, market time, median sale price and supply.

Geography: Richmond city, Henrico County and Chesterfield County are shown separately. Period: August 2026. Source: Richmond Association of REALTORS / CVR MLS via ShowingTime.

Question this report answers

How did condo and townhouse conditions differ across Richmond-area jurisdictions in August 2026?

Concise answer

Henrico recorded the most attached-home sales, the shortest median market time and the lowest months of supply among the three jurisdictions. Chesterfield showed the highest median sale price and longest median market time. Richmond city sat between them on supply, but had the lowest median sale price in this property-type table.

What the source reports

MeasureRichmond cityHenrico CountyChesterfield County
Closed sales3810683
Median days on market453657
Median sale price$355,000$380,017$391,590
Months of supply3.22.23.5

How to read the result

Henrico recorded the most attached-home sales, the shortest median market time and the lowest months of supply among the three jurisdictions. Chesterfield showed the highest median sale price and longest median market time. Richmond city sat between them on supply, but had the lowest median sale price in this property-type table.

Decision context

Henrico recorded the most attached-home sales, the shortest median market time and the lowest months of supply among the three jurisdictions. Chesterfield showed the highest median sale price and longest median market time. Richmond city sat between them on supply, but had the lowest median sale price in this property-type table. This is a dated county-level signal, not a property-level recommendation or forecast. Before acting, compare the home with same-type current competition and recent closed sales, then account for location, condition, concessions, association terms, financing and timing. The source period, geography and property-type definition should stay attached to the conclusion so a broad market statistic is not mistaken for proof about one home. It does not replace appraisal, inspection, lending, tax, legal, association, insurance or title advice, and it does not establish why a listing changed, whether a contract will close, or how any individual buyer or seller should proceed.

What buyers can do with it

Attached homes require a second diligence layer beyond county market pace: association finances, rules, insurance, owner-occupancy, special assessments, parking and financing eligibility can change both value and negotiating risk.

What sellers can do with it

An attached-home seller should compare against units with similar association obligations, size, parking, updates and building or community position. A county median cannot substitute for those unit-level differences.

Method and limits

This table is for condos and townhouses only. It is not evidence about detached homes, individual associations, concessions or the probability of a particular offer outcome.

Values were extracted from the provider's public county-level file or report, normalized to a common jurisdiction label, and checked for duplicate jurisdiction-period records. No client MLS export or private customer data were used. Provider definitions remain authoritative and may be revised.

Source access: Richmond Association of REALTORS / CVR MLS via ShowingTime. Public source snapshot assembled September 29, 2026. Remote acquisition time is not independently attested; local persistence time and file hash are retained in the preparation ledger.

Frequently asked questions

How did condo and townhouse conditions differ across Richmond-area jurisdictions in August 2026?

Henrico recorded the most attached-home sales, the shortest median market time and the lowest months of supply among the three jurisdictions. Chesterfield showed the highest median sale price and longest median market time. Richmond city sat between them on supply, but had the lowest median sale price in this property-type table.

Can this county-level result predict the outcome for one property?

No. This table is for condos and townhouses only. It is not evidence about detached homes, individual associations, concessions or the probability of a particular offer outcome. A property-specific decision still requires current same-type comparisons, condition, terms and location.

Michela Worthington

Michela Worthington

Owner, The OwnRVA Group. Licensed Virginia real estate advisor, license #0225226172. Read Michela's profile.

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