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Far West Near West

RICHMOND, VA 23230

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

Neighborhoods in ZIP 23230

Far West · Near West

Market Analysis

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

The RICHMOND, VA real estate market (23230) currently shows 31 active listings, with 14 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 21 days on market compared to 81 days last year.

The median listing price has risen 8.7% year-over-year, from $508,477 to $552,473.

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: 7,696  ·  Density: 697.8/mi²  ·  Median household income: $73,024

Typical home value: $309,352  ·  Homeownership: 37.9%

Market Overview

Active Listings
31
⇩ 31.1% vs 45 last year
Pending
14
45% pending ratio
Median Price
$552,473
⇧ 8.7% vs $508,477 last year
Average Price
$544,165
⇧ 10.3% vs $493,431 last year
Days on Market
21
⇩ 74.1% vs 81 days last year

Price Per Square Foot

Median $/sqft
$297
vs $297/sqft last year
Median Home Size
1,879 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 31 this year vs 45 last year
  • Days on market: 21 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $552,473 (+8.7% YoY)
  • Average: $544,165 (+10.3% 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 12.0 miles — 981 listings ($466,422,772 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23230Richmond, VA 232300.0 mi30$17,622,540$528,725$587,418
23221Richmond, VA 232212.3 mi31$21,759,644$657,750$701,924
23220Richmond, VA 232203.1 mi71$37,718,821$432,250$531,251
23222Richmond, VA 232224.0 mi97$34,023,526$354,923$350,758
23229Henrico, VA 232294.3 mi44$25,974,080$441,925$590,320
23225Richmond, VA 232254.8 mi66$33,745,074$347,925$511,289
23224Richmond, VA 232246.3 mi93$30,323,580$298,113$326,060
23223Richmond, VA 232236.5 mi159$62,969,406$354,500$396,034
23233Henrico, VA 232338.5 mi98$63,428,050$545,183$647,225
23234Richmond, VA 232349.4 mi124$42,162,976$321,225$340,024
23075Henrico, VA 2307510.0 mi22$5,712,938$256,188$259,679
23113Midlothian, VA 2311310.9 mi67$50,503,327$658,020$753,781
23005Ashland, VA 2300512.0 mi79$40,478,810$370,000$512,390

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23230?

As of March 2026, there are 31 active listings in RICHMOND, VA (zip code 23230), compared to 45 the prior year.

What is the median home price in RICHMOND, VA 23230?

The median listing price in RICHMOND, VA 23230 is $552,473 as of March 2026, a 8.7% increase from $508,477 the prior year.

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

Homes in RICHMOND, VA 23230 spend an average of 21 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23230?

Based on current inventory and days-on-market data as of March 2026, RICHMOND, VA 23230 is currently a Seller's Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 21 days on market compared to 81 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 23230 save an estimated $11,049 compared to a typical 5% commission on the median listing price of $552,473. 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.