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HENRICO, VA 23228

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

Market Analysis

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

The HENRICO, VA real estate market (23228) currently shows 67 active listings, with 41 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 39 days on market compared to 30 days last year.

The median listing price has fallen 7.6% year-over-year, from $368,000 to $339,970.

Whether you are buying or selling in HENRICO, 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: 35,592  ·  Density: 1,237.9/mi²  ·  Median household income: $63,533

Typical home value: $248,668  ·  Homeownership: 51.9%

Market Overview

Active Listings
67
⇧ 1.5% vs 66 last year
Pending
41
61% pending ratio
Median Price
$339,970
⇩ 7.6% vs $368,000 last year
Average Price
$356,159
⇩ 4.3% vs $372,046 last year
Days on Market
39
⇧ 30% vs 30 days last year

Price Per Square Foot

Median $/sqft
$234
⇩ 4.1% vs $244/sqft last year
Median Home Size
1,466 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 66 last year
  • Days on market: 39 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $339,970 (-7.6% YoY)
  • Average: $356,159 (-4.3% 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 13.0 miles — 908 listings ($475,656,759 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23228Henrico, VA 232280.0 mi70$25,040,610$347,238$357,723
23227Richmond, VA 232272.8 mi54$22,161,006$377,245$410,389
23060Glen Allen, VA 230603.3 mi78$42,343,782$473,688$542,869
23222Richmond, VA 232225.0 mi97$34,023,526$354,923$350,758
23229Henrico, VA 232295.0 mi44$25,974,080$441,925$590,320
23219Richmond, VA 232196.6 mi12$6,402,732$389,000$533,561
23225Richmond, VA 232257.5 mi66$33,745,074$347,925$511,289
23223Richmond, VA 232237.8 mi159$62,969,406$354,500$396,034
23235Richmond, VA 232358.8 mi82$44,485,164$453,738$542,502
23116Mechanicsville, VA 231169.1 mi91$51,495,990$554,950$565,890
23075Henrico, VA 2307511.0 mi22$5,712,938$256,188$259,679
23113Midlothian, VA 2311312.0 mi67$50,503,327$658,020$753,781
23103Manakin Sabot, VA 2310313.0 mi66$70,799,124$779,950$1,072,714

Frequently Asked Questions

How many homes are for sale in HENRICO, VA 23228?

As of March 2026, there are 67 active listings in HENRICO, VA (zip code 23228), compared to 66 the prior year.

What is the median home price in HENRICO, VA 23228?

The median listing price in HENRICO, VA 23228 is $339,970 as of March 2026, a 7.6% decrease from $368,000 the prior year.

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

Homes in HENRICO, VA 23228 spend an average of 39 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in HENRICO, VA 23228?

Based on current inventory and days-on-market data as of March 2026, HENRICO, VA 23228 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 39 days on market compared to 30 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HENRICO, VA 23228 save an estimated $6,799 compared to a typical 5% commission on the median listing price of $339,970. 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.