Fall in Focus: September in Richmond Real Estate
September has a way of shifting the rhythm of Richmond.
Summer begins to give way to a new season, routines return, and the fall real estate market starts to come into focus. For buyers, sellers, and those simply keeping an eye on what’s happening across Greater Richmond, this is a natural time to reassess plans and look toward the final months of the year.
And this fall, the market is giving us plenty to talk about.
From changing inventory and rising home values to opportunities across some of Richmond’s most sought-after neighborhoods, here’s what The Collection at Compass is watching this September.
The Richmond Fall Market Is Taking Shape
The latest Richmond Metro single-family market numbers point to a market that remains active, but increasingly selective.
Across Chesterfield, Hanover, Henrico, and Richmond City, the average sales price reached $559,757, representing a 5.6% increase year over year.
At the same time, new listings declined 7.8%, with 1,139 homes coming to market. Closed sales remained relatively steady at 1,049, up 0.5% from the previous year, while average days on market increased 13.6% to 19 days.
Taken together, the numbers tell an interesting story.
Demand remains, home values have continued to rise, and fewer new properties are entering the market. But homes are also taking slightly longer to sell, giving buyers a little more time to evaluate their options and reminding sellers that thoughtful positioning matters.
For buyers, preparation is especially important when inventory is limited. Knowing your priorities, understanding the neighborhoods you’re considering, and having financing in place can make all the difference when the right property appears.
For sellers, rising prices are encouraging, but the market is rewarding homes that are positioned correctly from the beginning. Pricing, presentation, marketing, and overall strategy continue to matter.
Simply putting a home on the market isn’t enough. The properties that stand out are the ones brought to market with intention.
Signature Listings: What’s on Our Radar This September
From Richmond’s established neighborhoods to a striking waterfront opportunity in Virginia Beach, this month’s collection of properties reflects just how varied a move in Virginia can look.
Whether you're searching for more space, a neighborhood with character, an investment opportunity, or an entirely different lifestyle, here’s what’s currently on our radar.
2715 Canal Rd | Virginia Beach
$2,995,000 | 5 Bedrooms | 4.5 Baths
Leading this month’s collection is a waterfront opportunity in Virginia Beach. With five bedrooms, four and a half baths, and more than 4,100 square feet, 2715 Canal Road brings coastal living into focus at an entirely different level.
For buyers who have been considering a move toward the water, a second home, or simply something exceptional beyond Richmond, this is one we think is worth knowing about.
8201 Sidlaw Hills Ter | The Highlands
$675,000 | 4 Bedrooms | 3 Baths
Set within The Highlands, this four-bedroom home offers more than 3,100 square feet and the space, privacy, and established neighborhood setting that continue to draw buyers to this part of Chesterfield.
11700 Braystone Ln | The Highlands
$825,000 | 5 Bedrooms | 4 Baths
Also in The Highlands, 11700 Braystone Lane offers five bedrooms and more than 3,300 square feet. Its renovation thoughtfully preserved elements of the home's original character while creating a setting designed for the way people live and entertain today.
4013 Cresthill Rd | Chester
$649,000 | 4 Bedrooms | 3 Baths
With four bedrooms, three baths, and just over 3,000 square feet, this Chester property offers generous living space in a classic residential setting.
2439 Ownby Ln, Unit B13 | The Diamond
$419,000 | 2 Bedrooms | 3 Baths
For buyers interested in being closer to the energy and continued evolution of Richmond, this two-bedroom residence in The Diamond offers more than 1,500 square feet and an opportunity to put down roots in one of the city's areas to watch.
12668 Greenwood Rd | Glen Allen
$799,000 | 5 Bedrooms | 4 Baths
Five bedrooms, four baths, and more than 3,500 square feet make 12668 Greenwood Road an option for buyers prioritizing space in Glen Allen.
1112 Salem Ave | Hopewell
$234,900 | 3 Bedrooms | 2 Baths
Rounding out this month’s collection is 1112 Salem Avenue in Hopewell, offering three bedrooms and two baths at $234,900 and showing just how varied the opportunities across our market can be.
Seven properties. Seven very different possibilities.
From a waterfront lifestyle in Virginia Beach to established Richmond-area neighborhoods, there is no single definition of the right move.
See something that catches your eye? Reach out to The Collection at Compass for additional details or to schedule a private showing. And if the home you're looking for isn't here yet, tell us what is. We'll help you find it.
Neighborhood Spotlight: Richmond’s Near West End
There are Richmond neighborhoods that immediately make sense when you experience them in person, and the Near West End is one of them.
Tree-lined streets, classic architecture, established neighborhoods, and proximity to some of the city’s favorite destinations have helped make this part of Richmond continually sought after.
Cape Cods and Colonial Revivals sit alongside renovated and thoughtfully expanded homes, creating streetscapes that feel distinctly Richmond. Nearby, Libbie & Grove brings restaurants, boutiques, coffee shops, and everyday favorites into the rhythm of the neighborhood, while proximity to the University of Richmond and highly regarded schools adds to its enduring appeal.
The Near West End manages to feel polished without being overly precious and connected without feeling overwhelmingly busy.
For buyers who prioritize character, convenience, and a genuine sense of neighborhood, it continues to stand apart.
And there may be another reason to keep an eye on this part of town.
Tucked within the Near West End is Willetta Place, a historic and highly desirable neighborhood that captures much of what makes this area so special.
We may have something exciting coming there soon.
Stay close.
Not Sure Where in Richmond You Belong?
Finding the right home often starts long before bedrooms, bathrooms, and square footage enter the conversation.
It starts with how you want to live.
Do you want to walk to coffee on Saturday morning? Do you want a larger lot and more privacy? Are schools a priority? Do you want historic architecture or something newer and lower maintenance? How much does your commute matter? Where do you actually spend your weekends?
That’s the idea behind our Neighborhood Match.
Instead of beginning with a property search, we begin with your routines, priorities, preferences, and the things that make a community feel like home.
Richmond has an incredible collection of neighborhoods, but the best one isn’t necessarily the one everyone is talking about. It’s the one that fits you.
Richmond Community Spotlight: FETCH a Cure
Real estate is only one part of what makes a community meaningful, which is why we also love highlighting organizations making a difference throughout Richmond.
This month, we’re spotlighting FETCH a Cure, a Richmond nonprofit dedicated to improving the lives of pets and the families who love them.
Through education, financial assistance, and community programs, FETCH a Cure helps families access critical care for their pets while creating a lasting impact throughout Central Virginia.
It’s a wonderful example of the organizations and people that make Richmond feel like much more than simply a place to live.
Featured Agent Spotlight: Alex Loyd | Houston, Texas
Our relationships extend well beyond Richmond, and one of the advantages of working with The Collection is our ability to connect clients with exceptional real estate professionals in markets across the country.
This month, we’re pleased to spotlight Alex Loyd, Realtor® in Houston, Texas.
A Houston native with nearly two decades of experience, Alex is the kind of agent whose local knowledge runs deep. Since beginning her real estate career in 2007, she has built a reputation for exceptional service, thoughtful attention to detail, and an ability to make even the most complex transactions feel seamless.
In 2018, Alex was selected as a Founding Agent of Compass Houston and has since been recognized among the Top 25 Compass Houston Agents. Her expertise spans luxury homes, new construction, resale, and investment properties, supported by longstanding relationships throughout Houston’s real estate and builder communities.
Her reach extends far beyond Texas as well. As a member of REALM Global and the Coast to Coast Network, Alex is connected to a trusted network of real estate professionals across the country, giving her clients an additional level of support wherever life may take them.
Outside of real estate, Alex is deeply involved in the Houston community and enjoys traveling, tennis, reading, and spending time with her husband and two daughters.
Our connection with Alex is personal, too. We had the pleasure of spending time with her in Nantucket this time last year, and she is every bit as wonderful personally as she is professionally. It’s one thing to know a great agent by reputation. It’s another to know firsthand the kind of person you’re introducing your clients to.
That’s what makes these relationships so valuable to us.
If Houston is calling, Alex is someone we’d recommend without hesitation. Thinking about Houston? We’d be happy to make an introduction.
Looking Ahead to Fall
September is less about rushing into a decision and more about getting clear on what comes next.
For some, that means preparing a home to sell before the end of the year. For others, it means watching for the right property, learning more about a particular Richmond neighborhood, considering an investment, or beginning to think about a move in 2027.
Whatever stage you’re in, a little preparation now can put you in a much stronger position later.
The fall market is here. Let’s make it count.
Thinking About Your Next Move?
Whether you’re considering buying, selling, relocating, investing, or simply trying to understand what your home may be worth in today’s market, The Collection at Compass would love to be a resource.
Our approach starts with the conversation, not the transaction.
Reach out to The Collection at Compass to talk about what you’re considering, explore the Richmond neighborhoods that may fit you best, or get a closer look at what’s happening in the market right now.
Your next move doesn’t have to start with a listing. It can start with a conversation.
