Top real estate companies in Richmond, VA

Discover the firms guiding the real estate market growth in Richmond

Rose Thambi

Rose Thambi

33 posts

Real Estate Market Analyst

Top real estate companies in Richmond

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.

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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.

region.

# 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

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An overview of the top 5 Richmond companies

1

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

2

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

3

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

4

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

5

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.
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: Zillow

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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.

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.

Remote workers

  • Remote working professionals are seeking larger suburban homes with adequate space.

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.

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Disclaimer: Retyn does not promote or endorse any company listed above. Data is compiled from publicly available market sources and may change without notice.

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