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Far West

RICHMOND, VA 23226

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23226

Far West

Market Analysis

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

The RICHMOND, VA real estate market (23226) currently shows 45 active listings, with 27 pending sales. Homes are averaging 24 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 24 days on market compared to 31 days last year.

The median listing price has risen 31.6% year-over-year, from $625,000 to $822,500.

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: 15,997  ·  Density: 1,097.4/mi²  ·  Median household income: $124,364

Typical home value: $476,625  ·  Homeownership: 77.9%

Market Overview

Active Listings
45
⇧ 12.5% vs 40 last year
Pending
27
60% pending ratio
Median Price
$822,500
⇧ 31.6% vs $625,000 last year
Average Price
$1,092,957
⇧ 59.7% vs $684,368 last year
Days on Market
24
⇩ 22.6% vs 31 days last year

Price Per Square Foot

Median $/sqft
$394
⇧ 13.5% vs $347/sqft last year
Median Home Size
2,499 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 45 this year vs 40 last year
  • Days on market: 24 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $822,500 (+31.6% YoY)
  • Average: $1,092,957 (+59.7% 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 12.4 miles — 789 listings ($437,246,119 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23226Richmond, VA 232260.0 mi32$31,809,216$669,950$994,038
23221Richmond, VA 232212.3 mi31$21,759,644$657,750$701,924
23228Henrico, VA 232283.7 mi70$25,040,610$347,238$357,723
23294Henrico, VA 232943.8 mi24$9,682,008$402,138$403,417
23227Richmond, VA 232275.0 mi54$22,161,006$377,245$410,389
23219Richmond, VA 232195.3 mi12$6,402,732$389,000$533,561
23060Glen Allen, VA 230605.7 mi78$42,343,782$473,688$542,869
23238Henrico, VA 232386.8 mi50$45,899,350$601,213$917,987
23223Richmond, VA 232237.8 mi159$62,969,406$354,500$396,034
23234Richmond, VA 232349.1 mi124$42,162,976$321,225$340,024
23113Midlothian, VA 231139.2 mi67$50,503,327$658,020$753,781
23075Henrico, VA 2307511.3 mi22$5,712,938$256,188$259,679
23103Manakin Sabot, VA 2310312.4 mi66$70,799,124$779,950$1,072,714

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23226?

As of March 2026, there are 45 active listings in RICHMOND, VA (zip code 23226), compared to 40 the prior year.

What is the median home price in RICHMOND, VA 23226?

The median listing price in RICHMOND, VA 23226 is $822,500 as of March 2026, a 31.6% increase from $625,000 the prior year.

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

Homes in RICHMOND, VA 23226 spend an average of 24 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23226?

Based on current inventory and days-on-market data as of March 2026, RICHMOND, VA 23226 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 24 days on market compared to 31 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 23226 save an estimated $16,450 compared to a typical 5% commission on the median listing price of $822,500. 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.