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Boulevard Far West Monument Avenue Museum District (Carytown) Near West

RICHMOND, VA 23221

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23221

Boulevard · Far West · Monument Avenue · Museum District (Carytown) · Near West

Market Analysis

Data as of March 2026. Source: Realtor.com.

The RICHMOND, VA real estate market (23221) currently shows 37 active listings, with 20 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 67 days on market compared to 32 days last year.

The median listing price has fallen 12.7% year-over-year, from $790,569 to $690,000.

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.

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Market Context

Market Context

Population: 14,831  ·  Density: 1,734.1/mi²  ·  Median household income: $96,169

Typical home value: $514,859  ·  Homeownership: 51.6%

Market Overview

Active Listings
37
⇧ 32.1% vs 28 last year
Pending
20
54% pending ratio
Median Price
$690,000
⇩ 12.7% vs $790,569 last year
Average Price
$769,729
⇩ 3.3% vs $796,067 last year
Days on Market
67
⇧ 109.4% vs 32 days last year

Price Per Square Foot

Median $/sqft
$336
⇩ 10.4% vs $375/sqft last year
Median Home Size
2,131 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 37 this year vs 28 last year
  • Days on market: 67 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $690,000 (-12.7% YoY)
  • Average: $769,729 (-3.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.8 miles — 832 listings ($411,865,721 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23221Richmond, VA 232210.0 mi31$21,759,644$657,750$701,924
23226Richmond, VA 232262.3 mi32$31,809,216$669,950$994,038
23225Richmond, VA 232252.6 mi66$33,745,074$347,925$511,289
23224Richmond, VA 232244.0 mi93$30,323,580$298,113$326,060
23235Richmond, VA 232354.9 mi82$44,485,164$453,738$542,502
23227Richmond, VA 232275.0 mi54$22,161,006$377,245$410,389
23294Henrico, VA 232946.0 mi24$9,682,008$402,138$403,417
23234Richmond, VA 232347.0 mi124$42,162,976$321,225$340,024
23060Glen Allen, VA 230607.7 mi78$42,343,782$473,688$542,869
23075Henrico, VA 230759.6 mi22$5,712,938$256,188$259,679
23113Midlothian, VA 2311310.5 mi67$50,503,327$658,020$753,781
23237Richmond, VA 2323710.7 mi68$25,681,016$358,000$377,662
23116Mechanicsville, VA 2311611.8 mi91$51,495,990$554,950$565,890

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23221?

As of March 2026, there are 37 active listings in RICHMOND, VA (zip code 23221), compared to 28 the prior year.

What is the median home price in RICHMOND, VA 23221?

The median listing price in RICHMOND, VA 23221 is $690,000 as of March 2026, a 12.7% decrease from $790,569 the prior year.

How long do homes stay on the market in RICHMOND, VA?

Homes in RICHMOND, VA 23221 spend an average of 67 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23221?

Based on current inventory and days-on-market data as of March 2026, RICHMOND, VA 23221 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 67 days on market compared to 32 days last year.

How much can I save on real estate commission in RICHMOND, VA?

With SELL123.com's maximum 3% commission, sellers in RICHMOND, VA 23221 save an estimated $13,800 compared to a typical 5% commission on the median listing price of $690,000. 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.