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Blackwell Broad Rock Manchester Midlothian Old South

RICHMOND, VA 23224

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

Neighborhoods in ZIP 23224

Blackwell · Broad Rock · Manchester · Midlothian · Old South

Market Analysis

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

The RICHMOND, VA real estate market (23224) currently shows 93 active listings, with 41 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 51 days on market compared to 42 days last year.

The median listing price has risen 4.2% year-over-year, from $285,995 to $298,113.

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: 38,546  ·  Density: 1,287.3/mi²  ·  Median household income: $46,112

Typical home value: $170,678  ·  Homeownership: 35.8%

Market Overview

Active Listings
93
⇩ 7.9% vs 101 last year
Pending
41
44% pending ratio
Median Price
$298,113
⇧ 4.2% vs $285,995 last year
Average Price
$326,060
⇧ 6.2% vs $306,939 last year
Days on Market
51
⇧ 21.4% vs 42 days last year

Price Per Square Foot

Median $/sqft
$233
⇧ 7.4% vs $217/sqft last year
Median Home Size
1,403 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 93 this year vs 101 last year
  • Days on market: 51 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $298,113 (+4.2% YoY)
  • Average: $326,060 (+6.2% 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 11.7 miles — 859 listings ($403,367,811 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23224Richmond, VA 232240.0 mi97$31,913,582$299,725$329,006
23234Richmond, VA 232343.2 mi126$42,379,344$310,000$336,344
23220Richmond, VA 232203.5 mi81$42,304,923$449,998$522,283
23235Richmond, VA 232355.5 mi69$38,823,195$464,950$562,655
23226Richmond, VA 232266.2 mi28$27,126,736$882,500$968,812
23222Richmond, VA 232226.4 mi97$33,280,215$349,950$343,095
23236Richmond, VA 232366.8 mi72$35,905,680$464,995$498,690
23229Henrico, VA 232298.4 mi39$22,910,004$449,000$587,436
23075Henrico, VA 230758.9 mi22$6,163,696$272,475$280,168
23294Henrico, VA 2329410.0 mi25$10,190,400$399,995$407,616
23831Chester, VA 2383110.7 mi98$43,602,650$412,000$444,925
23150Sandston, VA 2315011.6 mi52$21,885,812$334,500$420,881
23238Henrico, VA 2323811.7 mi53$46,881,574$602,475$884,558

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23224?

As of February 2026, there are 93 active listings in RICHMOND, VA (zip code 23224), compared to 101 the prior year.

What is the median home price in RICHMOND, VA 23224?

The median listing price in RICHMOND, VA 23224 is $298,113 as of February 2026, a 4.2% increase from $285,995 the prior year.

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

Homes in RICHMOND, VA 23224 spend an average of 51 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23224?

Based on current inventory and days-on-market data as of February 2026, RICHMOND, VA 23224 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 51 days on market compared to 42 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 23224 save an estimated $5,962 compared to a typical 5% commission on the median listing price of $298,113. 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.