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HENRICO, VA 23231

Real Estate Market Report  ·  Henrico County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
114
⇩ 8.1% vs 124 last year
Pending
57
50% pending ratio
Median Price
$375,000
⇩ 7.9% vs $407,332 last year
Average Price
$387,661
⇩ 3.8% vs $403,159 last year
Days on Market
58
⇩ 14.7% vs 68 days last year

Market Context

Population: 37,370  ·  Density: 163.6/mi²  ·  Median household income: $69,972

Typical home value: $245,013  ·  Homeownership: 69.2%

Market Analysis

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

The HENRICO, VA real estate market (23231) currently shows 114 active listings, with 57 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 58 days on market compared to 68 days last year.

The median listing price has fallen 7.9% year-over-year, from $407,332 to $375,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 114 this year vs 124 last year
  • Days on market: 58 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $375,000 (-7.9% YoY)
  • Average: $387,661 (-3.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.1 miles — 958 listings ($405,373,545 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23231Henrico, VA 232310.0 mi114$44,193,354$375,000$387,661
23836Chester, VA 238366.4 mi47$25,047,522$510,000$532,926
23237Richmond, VA 232377.9 mi60$23,676,720$349,950$394,612
23223Richmond, VA 232238.5 mi148$57,362,728$359,000$387,586
23219Richmond, VA 232199.3 mi10$3,833,210$350,000$383,321
23220Richmond, VA 2322010.7 mi81$42,304,923$449,998$522,283
23222Richmond, VA 2322211.1 mi97$33,280,215$349,950$343,095
23225Richmond, VA 2322511.7 mi60$30,339,420$392,000$505,657
23860Hopewell, VA 2386012.2 mi108$32,010,552$279,000$296,394
23227Richmond, VA 2322713.7 mi58$24,231,298$381,490$417,781
23235Richmond, VA 2323514.3 mi69$38,823,195$464,950$562,655
23236Richmond, VA 2323614.8 mi72$35,905,680$464,995$498,690
23875Prince George, VA 2387515.1 mi34$14,364,728$342,890$422,492

Frequently Asked Questions

How many homes are for sale in HENRICO, VA 23231?

As of January 2026, there are 114 active listings in HENRICO, VA (zip code 23231), compared to 124 the prior year.

What is the median home price in HENRICO, VA 23231?

The median listing price in HENRICO, VA 23231 is $375,000 as of January 2026, a 7.9% decrease from $407,332 the prior year.

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

Homes in HENRICO, VA 23231 spend an average of 58 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in HENRICO, VA 23231?

Based on current inventory and days-on-market data as of January 2026, HENRICO, VA 23231 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 58 days on market compared to 68 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 23231 save an estimated $7,500 compared to a typical 5% commission on the median listing price of $375,000. 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.