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Bellevue Ginter Park Hermitage Road Laburnum Court (Laburnum Park and Court) North

RICHMOND, VA 23227

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

Neighborhoods in ZIP 23227

Bellevue · Ginter Park · Hermitage Road · Laburnum Court (Laburnum Park and Court) · North

Market Analysis

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

The RICHMOND, VA real estate market (23227) currently shows 54 active listings, with 34 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 53 days on market compared to 78 days last year.

The median listing price has fallen 2.1% year-over-year, from $385,490 to $377,245.

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: 25,758  ·  Density: 866.5/mi²  ·  Median household income: $63,114

Typical home value: $307,628  ·  Homeownership: 52.6%

Market Overview

Active Listings
54
⇧ 31.7% vs 41 last year
Pending
34
63% pending ratio
Median Price
$377,245
⇩ 2.1% vs $385,490 last year
Average Price
$410,389
⇩ 1.6% vs $417,186 last year
Days on Market
53
⇩ 32.1% vs 78 days last year

Price Per Square Foot

Median $/sqft
$236
⇩ 8.2% vs $257/sqft last year
Median Home Size
1,527 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 54 this year vs 41 last year
  • Days on market: 53 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $377,245 (-2.1% YoY)
  • Average: $410,389 (-1.6% 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 12.5 miles — 1,080 listings ($513,150,321 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23227Richmond, VA 232270.0 mi58$24,231,298$381,490$417,781
23228Henrico, VA 232282.8 mi68$23,915,192$337,900$351,694
23220Richmond, VA 232204.6 mi81$42,304,923$449,998$522,283
23221Richmond, VA 232215.0 mi28$19,480,020$625,000$695,715
23223Richmond, VA 232235.3 mi148$57,362,728$359,000$387,586
23060Glen Allen, VA 230605.9 mi88$44,957,792$432,450$510,884
23229Henrico, VA 232297.2 mi39$22,910,004$449,000$587,436
23224Richmond, VA 232248.1 mi97$31,913,582$299,725$329,006
23059Glen Allen, VA 230599.1 mi103$65,482,662$584,975$635,754
23005Ashland, VA 2300510.3 mi72$40,161,096$360,000$557,793
23111Mechanicsville, VA 2311110.7 mi100$62,146,000$513,916$621,460
23234Richmond, VA 2323411.3 mi126$42,379,344$310,000$336,344
23236Richmond, VA 2323612.5 mi72$35,905,680$464,995$498,690

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23227?

As of February 2026, there are 54 active listings in RICHMOND, VA (zip code 23227), compared to 41 the prior year.

What is the median home price in RICHMOND, VA 23227?

The median listing price in RICHMOND, VA 23227 is $377,245 as of February 2026, a 2.1% decrease from $385,490 the prior year.

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

Homes in RICHMOND, VA 23227 spend an average of 53 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23227?

Based on current inventory and days-on-market data as of February 2026, RICHMOND, VA 23227 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 53 days on market compared to 78 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 23227 save an estimated $7,545 compared to a typical 5% commission on the median listing price of $377,245. 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.