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HENRICO, VA 23294

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

Market Analysis

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

The HENRICO, VA real estate market (23294) currently shows 26 active listings, with 13 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 30 days on market compared to 26 days last year.

The median listing price has risen 7.1% year-over-year, from $365,000 to $390,750.

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: 19,669  ·  Density: 1,789.8/mi²  ·  Median household income: $66,394

Typical home value: $261,983  ·  Homeownership: 35.7%

Market Overview

Active Listings
26
⇧ 36.8% vs 19 last year
Pending
13
50% pending ratio
Median Price
$390,750
⇧ 7.1% vs $365,000 last year
Average Price
$398,789
⇧ 3% vs $387,208 last year
Days on Market
30
⇧ 15.4% vs 26 days last year

Price Per Square Foot

Median $/sqft
$226
⇩ 0.9% vs $228/sqft last year
Median Home Size
2,022 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 19 last year
  • Days on market: 30 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $390,750 (+7.1% YoY)
  • Average: $398,789 (+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 12.1 miles — 932 listings ($442,511,441 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23294Henrico, VA 232940.0 mi24$9,682,008$402,138$403,417
23228Henrico, VA 232282.8 mi70$25,040,610$347,238$357,723
23226Richmond, VA 232263.8 mi32$31,809,216$669,950$994,038
23233Henrico, VA 232334.8 mi98$63,428,050$545,183$647,225
23227Richmond, VA 232275.6 mi54$22,161,006$377,245$410,389
23221Richmond, VA 232216.0 mi31$21,759,644$657,750$701,924
23222Richmond, VA 232227.5 mi97$34,023,526$354,923$350,758
23235Richmond, VA 232358.2 mi82$44,485,164$453,738$542,502
23005Ashland, VA 230059.5 mi79$40,478,810$370,000$512,390
23224Richmond, VA 2322410.0 mi93$30,323,580$298,113$326,060
23223Richmond, VA 2322310.3 mi159$62,969,406$354,500$396,034
23146Rockville, VA 2314611.3 mi9$8,507,925$907,450$945,325
23114Midlothian, VA 2311412.1 mi104$47,842,496$450,916$460,024

Frequently Asked Questions

How many homes are for sale in HENRICO, VA 23294?

As of March 2026, there are 26 active listings in HENRICO, VA (zip code 23294), compared to 19 the prior year.

What is the median home price in HENRICO, VA 23294?

The median listing price in HENRICO, VA 23294 is $390,750 as of March 2026, a 7.1% increase from $365,000 the prior year.

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

Homes in HENRICO, VA 23294 spend an average of 30 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in HENRICO, VA 23294?

Based on current inventory and days-on-market data as of March 2026, HENRICO, VA 23294 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 30 days on market compared to 26 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 23294 save an estimated $7,815 compared to a typical 5% commission on the median listing price of $390,750. 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.