Thinking of buying a house? Consider house-hunting in Richmond, VA. The River City is well-known for its history and role in the Civil War, commemorated with interesting museums and historical sites, lively food scene, and easy access to the James River. Combined with a growing job market and affordable housing, it’s no wonder why people are flocking to this vibrant city.
Whether you’re a first-time homebuyer or seasoned property owner on the hunt for a new home, be prepared to face some stiff competition in most neighborhoods. Each of the Richmond-area neighborhoods listed below has a Redfin Compete Score above 89, which means many homes receive multiple offers, some with waived contingencies, with homes are selling in under a week in most neighborhoods. Here are the top 10 most competitive neighborhoods in Richmond to buy a house right now.
1. Oxford
Compete Score: 96
Median sale price: $400,000
Average sale-to-list ratio: 109%
Share of homes sold above list price: 91%
Homes for sale in Oxford
Located in Richmond City County, Oxford is a quiet neighborhood that’s conveniently located between many shopping options, mountain bike trails, and parks. Combined with a Compete Score of 96, Oxford is also one of the most competitive neighborhoods to buy a house in Richmond, VA. With an average sale-to-list ratio of 109%, buyers should be prepared to face some stiff competition in order to score their dream home in this competitive neighborhood. 91% of homes sold above their list price and spend only 6 days on the market.
2. Westover Hills
Compete Score: 92
Median sale price: $505,000
Average sale-to-list ratio: 107%
Share of homes sold above list price: 78%
Homes for sale in Westover Hills
Flanked by Stratford Hills to the West and Forest Hill to the East, Westover Hills is a primarily residential neighborhood known for its many narrow one-way streets. Residents of Westover Hills enjoy access to many nearby outdoor destinations, including river access…