New Year, New Home

Hello 2026 — Hello New Home Goals

If you have been dreaming of a fresh start in 2026, this may be the year to finally make that New Year, New Home resolution happen. The Richmond metro area continues to show steady growth and strong buyer interest, making it a great time to think about buying or selling locally and is predicted to be the #6 real estate market for 2026.

Let’s break down what is happening right here at home and where buyers and sellers are focusing next.

Richmond Real Estate in a Nutshell

Steady home value growth
Richmond’s housing market remains strong heading into 2026. Median home prices are sitting in the low-to-mid $400,000s, and well-priced homes continue to sell quickly thanks to consistent demand.

Strong market fundamentals
The Richmond region has added tens of thousands of new residents since 2020. This population growth continues to support demand and long-term home values across the metro area.

Balanced growth ahead
Looking toward 2026, Richmond is expected to experience steady appreciation without the dramatic swings seen in larger markets. This balance makes it appealing for homeowners, buyers, and investors alike.

Neighborhoods Poised for the Biggest Value Growth

Some local neighborhoods are standing out as areas to watch in the new year.

Richmond City

Manchester and Shockoe continue to attract buyers looking for walkability, urban living, and newer development.

Northside and Lakeside remain popular with first-time buyers and those looking for long-term value and community charm.

The Near West End and Forest Hill have a strong history of appreciation, especially for well-maintained homes.

Suburban Favorites

Midlothian remains a top choice for families and commuters thanks to strong schools, parks, and neighborhood amenities. Demand is expected to remain strong through 2026.

Bon Air and Glen Allen continue to attract buyers seeking more space while staying close to the city.

While some areas may experience short-term market shifts, these neighborhoods remain solid options for long-term value and livability.

Where Out-of-State Buyers Are Moving From

Richmond continues to attract buyers relocating from outside of Virginia, particularly those seeking affordability, lifestyle, and flexibility.

Common relocation markets include:

* Washington, DC and the surrounding metro area
* New York City and nearby suburbs
* Virginia Beach and other coastal Virginia locations
* Atlanta and Miami
* Baltimore and Philadelphia

Many of these buyers are remote or hybrid workers looking for more space, a better cost of living, and a strong sense of community.

What This Means for You in 2026

For Buyers
Inventory is improving in certain price points, including townhomes and condos. Targeting neighborhoods like Manchester, Northside, or Midlothian can offer both lifestyle benefits and long-term value.

For Sellers
Buyer demand remains strong, especially from out-of-area buyers. Homes in desirable neighborhoods with thoughtful updates often stand out early in the year.

The beginning of the year is often an ideal time to make a move before spring competition increases.

Final Thoughts: Make 2026 Your Year

Whether you are dreaming of a charming Richmond home or a spacious retreat in Midlothian, 2026 offers strong opportunities for a fresh start. With steady growth, continued demand, and highly desirable neighborhoods, there has never been a better time to turn New Year, New Home into reality.

If you are thinking about buying, selling, or simply want to know what your home may be worth, we are here to help guide you every step of the way.