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Boulevard Far West Monument Avenue Museum District (Carytown) Near West

RICHMOND, VA 23221

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23221

Boulevard · Far West · Monument Avenue · Museum District (Carytown) · Near West

Market Analysis

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

The RICHMOND, VA real estate market (23221) currently shows 31 active listings, with 13 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 67 days on market compared to 107 days last year.

The median listing price has fallen 16.4% year-over-year, from $786,353 to $657,750.

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: 14,831  ·  Density: 1,734.1/mi²  ·  Median household income: $96,169

Typical home value: $514,859  ·  Homeownership: 51.6%

Market Overview

Active Listings
31
⇧ 14.8% vs 27 last year
Pending
13
42% pending ratio
Median Price
$657,750
⇩ 16.4% vs $786,353 last year
Average Price
$701,924
⇩ 11.7% vs $795,251 last year
Days on Market
67
⇩ 37.4% vs 107 days last year

Price Per Square Foot

Median $/sqft
$351
⇩ 1.7% vs $357/sqft last year
Median Home Size
1,981 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 31 this year vs 27 last year
  • Days on market: 67 now vs 107 last year

Median & Average Pricing

Year over Year
  • Median: $657,750 (-16.4% YoY)
  • Average: $701,924 (-11.7% 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 11.8 miles — 803 listings ($397,150,621 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23221Richmond, VA 232210.0 mi28$19,480,020$625,000$695,715
23226Richmond, VA 232262.3 mi28$27,126,736$882,500$968,812
23225Richmond, VA 232252.6 mi60$30,339,420$392,000$505,657
23224Richmond, VA 232244.0 mi97$31,913,582$299,725$329,006
23235Richmond, VA 232354.9 mi69$38,823,195$464,950$562,655
23227Richmond, VA 232275.0 mi58$24,231,298$381,490$417,781
23294Henrico, VA 232946.0 mi25$10,190,400$399,995$407,616
23234Richmond, VA 232347.0 mi126$42,379,344$310,000$336,344
23060Glen Allen, VA 230607.7 mi88$44,957,792$432,450$510,884
23075Henrico, VA 230759.6 mi22$6,163,696$272,475$280,168
23113Midlothian, VA 2311310.5 mi52$46,424,508$775,215$892,779
23237Richmond, VA 2323710.7 mi60$23,676,720$349,950$394,612
23116Mechanicsville, VA 2311611.8 mi90$51,443,910$565,000$571,599

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23221?

As of February 2026, there are 31 active listings in RICHMOND, VA (zip code 23221), compared to 27 the prior year.

What is the median home price in RICHMOND, VA 23221?

The median listing price in RICHMOND, VA 23221 is $657,750 as of February 2026, a 16.4% decrease from $786,353 the prior year.

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

Homes in RICHMOND, VA 23221 spend an average of 67 days on the market before going under contract, compared to 107 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23221?

Based on current inventory and days-on-market data as of February 2026, RICHMOND, VA 23221 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 67 days on market compared to 107 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 23221 save an estimated $13,155 compared to a typical 5% commission on the median listing price of $657,750. 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.