Richmond is the capital city of Virginia and is different from other East Coast municipalities because of its striking architecture and stunning neighborhoods. The urban spaces of the city add to the market value of the region. Parallelly, the local real estate market is adapting to the demands in residential and commercial sectors to reflect trends seen among the best real estate companies in USA.
So, who are these top players in the real estate market of the city? Let’s take a look at the list of the top firms in Richmond to get an idea of their market presence and performance.
List of the top real estate companies in Richmond, VA
A list of Richmond real estate companies that contribute to the city’s growth is given below.
| # | Company Name | Website | Established Year | Full Address | Key Services |
|---|---|---|---|---|---|
| 1 | CBRE | cbre.com | 1906 | 1802 Bayberry Court, Suite 201, Richmond, VA | Brokerage, property management, consultancy |
| 2 | Colliers | colliers.com | 1971 | 2221 Edward Holland Drive, Suite 600, Richmond, VA | Brokerage, development, management, valuation |
| 3 | Long & Foster Companies | longandfoster.com | 1968 | 5702 Grove Avenue, Richmond, VA | Brokerage, property management, mortgage, insurance |
| 4 | Keller Williams Realty | kw.com | 1983 | 6806 Paragon Place, Suite #300, Richmond, VA | Brokerage |
| 5 | Cushman & Wakefield | cushmanwakefield.com | 1917 | 11100 West Broad Street, Glen Allen, Richmond, VA | Brokerage, development, management, valuation |
| 6 | S.L. Nusbaum Realty | slnusbaum.com | 1906 | 7200 Glen Forest Drive, Suite 300, Richmond, VA | Brokerage, property management, mortgage, insurance |
| 7 | Compass | compass.com | 2012 | 7100 Forest Ave, Suite 303, Richmond, VA | Brokerage |
| 8 | NAI Global | naiglobal.com | 1978 | 7110 Forest Avenue Unit 103, Richmond, VA | Brokerage, property management, development, consulting |
| 9 | RE/MAX | remax.com | 1973 | 200 Westgate Parkway, Suite 102, Richmond, VA | Brokerage |
| 10 | Sotheby’s International Realty | sothebysrealty.com | 1982 | 6726 Patterson Avenue, Richmond, VA | Brokerage |
An overview of the top 5 Richmond companies
CBRE
Website: cbre.com
Headquarters: Dallas, Texas
Established Year: 1906
Key Person: Bob Sulentic - CEO
Core Services: Real estate brokerage, valuation & advisory
Awards: Won Gold in the 2024 MUSE Creative Awards
Colliers
Website: colliers.com
Headquarters: Toronto, Ontario
Established Year: 1971
Key Person: Gil Borok - President & CEO
Core Services: Brokerage, development, management, valuation
Awards: Named one of Forbes’ World’s Best Employers 2024
Long & Foster Companies
Website: longandfoster.com
Headquarters: Faifax, Virginia
Established Year: 1968
Key Person: Patrick Bain - President & CEO
Core Services: Brokerage, property management, mortgage, insurance
Awards: No. 1 Top Workplace in the Philadelphia 2025
Keller Williams Realty
Website: kw.com
Headquarters: Austin, Texas
Established Year: 1983
Key Person: Gary Keller - Executive Chairman
Core Services: Real estate brokerage, consultancy & investing
Awards: Awarded No. 1 Real Estate Franchise in the U.S. by T3 Sixty
Cushman & Wakefield
Website: cushmanwakefield.com
Headquarters: Chicago, Illinois
Established Year: 1917
Key Person: Michelle MacKay - Global CEO
Core Services: Brokerage, development, management, valuation
Awards: Recognized on the Forbes list of America's Best Large Employers 2024
Why is Richmond a premier real estate hub
Richmond is drawing attention from the top real estate companies in Virginia because of the growing lifestyle and economic trends in the city. Given below are a few major factors making the city attractive.
Affordable economy
There is flourishing economic growth in the region with many employment opportunities in sectors like healthcare, law and finance. According to Redfin, the median sale price of a home in Richmond was $410,000 in July 2025 with an 8% year-over-year growth. This is 8% lower than the national average and indicates an affordable market.
Outdoor attractions
The city has open spaces for outdoor activities and scenic natural views. Waterfront areas and green locations add to the aesthetic beauty. Lewis Ginter Botanical Garden and similar parks are examples of the rich flora and fauna of the region.
Cultural elements
Colonial architecture and other historical sites of the place make it culturally relevant. Museums, universities and the culinary scene are appealing to new residents.
Investment potential
Richmond's urban development projects and stable rental demand are factors increasing the investment growth of the region. Property appreciation value also adds to its value compared to other mid-sized cities in the USA.
Richmond housing & rental trends 2025
| Metric | Value |
|---|---|
| Median home sale price | $410,000 |
| Year-over-Year home price change | +8% |
| Average rent | $1,619 Aug '25 |
| National average rent | $2,007 Aug '25 |
| Year-over-Year rent change | +4.1% |
| Homes sold | 251 |
| Average days on market | 17 days |
| Median sale price vs. National average | 10% lower |
| Overall cost of living vs. National average | 6% lower |
| Buyers looking to move out of Richmond | 49% (Jun '25 - Aug '25) |
| Buyers looking to stay in Richmond | 51% (Jun '25 - Aug '25) |
Source: Redfin, Zillow
People are moving to Richmond from
| # | Inbound Metros | Net inflow Jun '25 - Aug '25 |
|---|---|---|
| 1 | Washington, DC | 867 |
| 2 | New York, NY | 206 |
| 3 | Philadelphia, PA | 136 |
| 4 | Los Angeles, CA | 133 |
| 5 | San Francisco, CA | 43 |
| 6 | Boston, MA | 39 |
| 7 | Chicago, IL | 34 |
| 8 | Roanoke, VA | 32 |
| 9 | Cleveland, OH | 27 |
| 10 | Blacksburg, VA | 26 |
Source: Redfin
Different real estate sectors in Richmond
Richmond has many real estate options for different types of audiences.
- Commercial sector: The industrial areas of the city offer many office and retail spaces along with warehouse properties.
- Residential properties: Different options ranging from modern infrastructure in Short Pump to Victorian buildings in The Fan District are available based on budget preferences.
- Luxury waterfronts: For premium investments, clients can choose from riverfront properties and historic estates.
- Investment properties: Mixed-use properties near Virginia Commonwealth University can be used for student housing while family apartments remain readily available across the city.
Major trends shaping Richmond’s real estate market
These are some factors driving market growth in the city.
- Sustainable properties: Eco-conscious buyers are preferring green solutions for efficiency.
- Out-of-state residents: Buyers from metro areas are opting for Richmond’s affordable market prices.
- Tech marketing: Firms are using AI-driven tech solutions like a growth platform for real estate to provide an immersive digital experience for buyers through virtual tours and 3D walkthroughs.
Challenges faced by Richmond real estate firms
These are some of the common market challenges faced by the firms in the city.
- Firms must maintain the historical architecture of the region while building modern infrastructure.
- Creative ideas are essential to stand out from intense market competition.
- Agents need to choose the right tools to efficiently manage operational challenges and client communications.
Tech-driven real estate solutions
Top Richmond real estate firms solve many of these traditional operational challenges using customized tech solutions.
Analytics tools
Data-driven insights are obtained with these tools to identify profitable investment deals and forecast trends.
Modern CRM platforms
AI-driven features of a real estate CRM platform empower agents and teams with smarter property matching and personalized client engagement.
Property management system
Tenant management can be handled using centralized databases for rent collection and maintenance.
Marketing channels
Automated marketing solutions are applied to support listing management across various channels.
Market tips for securing the right deal
The right strategies will help investors and sellers to secure the best deals. Some helpful tips are listed below.
- Local market research: Investing in emerging neighborhoods like Church Hill and West End increases profitable returns.
- Tech-savvy firms: Companies using digital tools can give buyers a seamless business experience.
- Monitor city development: Keeping track of development projects and zoning laws is important as they directly influence property values.
Future of Richmond’s real estate market
Richmond offers various affordable market opportunities. The right real estate solutions can help buyers and sellers to overcome challenges. In short, working with the real estate leaders of the city who are well equipped with innovative tools and client-centered strategies can determine the outcome of a business deal. Richmond continues to be a strong and promising market for investment with these experts.
Disclaimer: Retyn does not promote or support any of the companies or services mentioned in the list. The data presented is compiled through online and market research and does not reflect our priorities in any manner.
