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East

HENRICO, VA 23231

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

Neighborhoods in ZIP 23231

East

Market Analysis

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

The HENRICO, VA real estate market (23231) currently shows 130 active listings, with 73 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 32 days on market compared to 48 days last year.

The median listing price has fallen 5.6% year-over-year, from $409,990 to $386,988.

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

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

Market Overview

Active Listings
130
⇩ 11% vs 146 last year
Pending
73
56% pending ratio
Median Price
$386,988
⇩ 5.6% vs $409,990 last year
Average Price
$389,465
⇩ 9% vs $427,977 last year
Days on Market
32
⇩ 33.3% vs 48 days last year

Price Per Square Foot

Median $/sqft
$240
⇧ 9.6% vs $219/sqft last year
Median Home Size
1,695 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 130 this year vs 146 last year
  • Days on market: 32 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $386,988 (-5.6% YoY)
  • Average: $389,465 (-9% 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 15.1 miles — 975 listings ($414,601,374 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23231Henrico, VA 232310.0 mi111$42,645,423$378,700$384,193
23836Chester, VA 238366.4 mi45$23,388,345$510,000$519,741
23237Richmond, VA 232377.9 mi68$25,681,016$358,000$377,662
23223Richmond, VA 232238.5 mi159$62,969,406$354,500$396,034
23219Richmond, VA 232199.3 mi12$6,402,732$389,000$533,561
23220Richmond, VA 2322010.7 mi71$37,718,821$432,250$531,251
23222Richmond, VA 2322211.1 mi97$34,023,526$354,923$350,758
23225Richmond, VA 2322511.7 mi66$33,745,074$347,925$511,289
23860Hopewell, VA 2386012.2 mi110$34,279,410$290,000$311,631
23227Richmond, VA 2322713.7 mi54$22,161,006$377,245$410,389
23235Richmond, VA 2323514.3 mi82$44,485,164$453,738$542,502
23236Richmond, VA 2323614.8 mi71$35,420,338$452,448$498,878
23875Prince George, VA 2387515.1 mi29$11,681,113$343,490$402,797

Frequently Asked Questions

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

As of March 2026, there are 130 active listings in HENRICO, VA (zip code 23231), compared to 146 the prior year.

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

The median listing price in HENRICO, VA 23231 is $386,988 as of March 2026, a 5.6% decrease from $409,990 the prior year.

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

Homes in HENRICO, VA 23231 spend an average of 32 days on the market before going under contract, compared to 48 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 March 2026, HENRICO, VA 23231 is currently a Seller's Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 32 days on market compared to 48 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 $7,740 compared to a typical 5% commission on the median listing price of $386,988. 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.