Call or Text (240) SELL-123
Kingsland Acres

RICHMOND, VA 23237

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

Market Analysis

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

The RICHMOND, VA real estate market (23237) currently shows 75 active listings, with 54 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.

Homes are selling faster, averaging 27 days on market compared to 38 days last year.

The median listing price has fallen 0.1% year-over-year, from $369,725 to $369,475.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for RICHMOND, VA 23237 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 28,249  ·  Density: 505.4/mi²  ·  Median household income: $75,219

Typical home value: $227,522  ·  Homeownership: 67.5%

Market Overview

Active Listings
75
⇧ 47.1% vs 51 last year
Pending
54
72% pending ratio
Median Price
$369,475
⇩ 0.1% vs $369,725 last year
Average Price
$381,320
⇩ 3.7% vs $396,147 last year
Days on Market
27
⇩ 28.9% vs 38 days last year

Price Per Square Foot

Median $/sqft
$224
⇧ 3.7% vs $216/sqft last year
Median Home Size
1,688 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 75 this year vs 51 last year
  • Days on market: 27 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $369,475 (-0.1% YoY)
  • Average: $381,320 (-3.7% 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 14.3 miles — 956 listings ($453,589,270 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23237Richmond, VA 232370.0 mi68$25,681,016$358,000$377,662
23831Chester, VA 238314.0 mi103$46,260,081$412,463$449,127
23836Chester, VA 238367.6 mi45$23,388,345$510,000$519,741
23231Henrico, VA 232317.9 mi111$42,645,423$378,700$384,193
23225Richmond, VA 232258.6 mi66$33,745,074$347,925$511,289
23219Richmond, VA 232199.7 mi12$6,402,732$389,000$533,561
23220Richmond, VA 2322010.2 mi71$37,718,821$432,250$531,251
23838Chesterfield, VA 2383811.4 mi69$47,495,598$692,906$688,342
23112Midlothian, VA 2311211.8 mi196$107,038,540$479,775$546,115
23222Richmond, VA 2322212.7 mi97$34,023,526$354,923$350,758
23075Henrico, VA 2307512.7 mi22$5,712,938$256,188$259,679
23150Sandston, VA 2315013.2 mi52$17,503,096$324,600$336,598
23229Henrico, VA 2322914.3 mi44$25,974,080$441,925$590,320

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23237?

As of March 2026, there are 75 active listings in RICHMOND, VA (zip code 23237), compared to 51 the prior year.

What is the median home price in RICHMOND, VA 23237?

The median listing price in RICHMOND, VA 23237 is $369,475 as of March 2026, a 0.1% decrease from $369,725 the prior year.

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

Homes in RICHMOND, VA 23237 spend an average of 27 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23237?

Based on current inventory and days-on-market data as of March 2026, RICHMOND, VA 23237 is currently a Balanced Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are selling faster, averaging 27 days on market compared to 38 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 23237 save an estimated $7,390 compared to a typical 5% commission on the median listing price of $369,475. 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.