Population: 14,831 · Density: 1,734.1/mi² · Median household income: $96,169
Typical home value: $514,859 · Homeownership: 51.6%
Data as of January 2026. Source: Realtor.com.
The RICHMOND, VA real estate market (23221) currently shows 28 active listings, with 12 pending sales. Homes are averaging 69 days on the market before going under contract.
Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.
Homes are selling faster, averaging 69 days on market compared to 78 days last year.
The median listing price has fallen 21.9% year-over-year, from $800,000 to $625,000.
Whether you are buying or selling in RICHMOND, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 23221 | Richmond, VA 23221 | 0.0 mi | 28 | $19,480,020 | $625,000 | $695,715 |
| 23226 | Richmond, VA 23226 | 2.3 mi | 28 | $27,126,736 | $882,500 | $968,812 |
| 23225 | Richmond, VA 23225 | 2.6 mi | 60 | $30,339,420 | $392,000 | $505,657 |
| 23224 | Richmond, VA 23224 | 4.0 mi | 97 | $31,913,582 | $299,725 | $329,006 |
| 23235 | Richmond, VA 23235 | 4.9 mi | 69 | $38,823,195 | $464,950 | $562,655 |
| 23227 | Richmond, VA 23227 | 5.0 mi | 58 | $24,231,298 | $381,490 | $417,781 |
| 23294 | Henrico, VA 23294 | 6.0 mi | 25 | $10,190,400 | $399,995 | $407,616 |
| 23234 | Richmond, VA 23234 | 7.0 mi | 126 | $42,379,344 | $310,000 | $336,344 |
| 23060 | Glen Allen, VA 23060 | 7.7 mi | 88 | $44,957,792 | $432,450 | $510,884 |
| 23075 | Henrico, VA 23075 | 9.6 mi | 22 | $6,163,696 | $272,475 | $280,168 |
| 23113 | Midlothian, VA 23113 | 10.5 mi | 52 | $46,424,508 | $775,215 | $892,779 |
| 23237 | Richmond, VA 23237 | 10.7 mi | 60 | $23,676,720 | $349,950 | $394,612 |
| 23116 | Mechanicsville, VA 23116 | 11.8 mi | 90 | $51,443,910 | $565,000 | $571,599 |
As of January 2026, there are 28 active listings in RICHMOND, VA (zip code 23221), compared to 20 the prior year.
The median listing price in RICHMOND, VA 23221 is $625,000 as of January 2026, a 21.9% decrease from $800,000 the prior year.
Homes in RICHMOND, VA 23221 spend an average of 69 days on the market before going under contract, compared to 78 days the prior year.
Based on current inventory and days-on-market data as of January 2026, RICHMOND, VA 23221 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 69 days on market compared to 78 days last year.
With SELL123.com's maximum 3% commission, sellers in RICHMOND, VA 23221 save an estimated $12,500 compared to a typical 5% commission on the median listing price of $625,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.