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Far West Near West

RICHMOND, VA 23230

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 23230

Far West · Near West

Market Analysis

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

The RICHMOND, VA real estate market (23230) currently shows 30 active listings, with 15 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 61 days on market compared to 69 days last year.

The median listing price has fallen 1.3% year-over-year, from $535,832 to $528,725.

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: 7,696  ·  Density: 697.8/mi²  ·  Median household income: $73,024

Typical home value: $309,352  ·  Homeownership: 37.9%

Market Overview

Active Listings
30
⇩ 33.3% vs 45 last year
Pending
15
50% pending ratio
Median Price
$528,725
⇩ 1.3% vs $535,832 last year
Average Price
$587,418
⇧ 12.7% vs $521,109 last year
Days on Market
61
⇩ 11.6% vs 69 days last year

Price Per Square Foot

Median $/sqft
$305
⇧ 3.7% vs $294/sqft last year
Median Home Size
1,629 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 30 this year vs 45 last year
  • Days on market: 61 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $528,725 (-1.3% YoY)
  • Average: $587,418 (+12.7% 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 12.0 miles — 945 listings ($451,806,796 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23230Richmond, VA 232300.0 mi30$17,358,510$515,000$578,617
23221Richmond, VA 232212.3 mi28$19,480,020$625,000$695,715
23220Richmond, VA 232203.1 mi81$42,304,923$449,998$522,283
23222Richmond, VA 232224.0 mi97$33,280,215$349,950$343,095
23229Henrico, VA 232294.3 mi39$22,910,004$449,000$587,436
23225Richmond, VA 232254.8 mi60$30,339,420$392,000$505,657
23224Richmond, VA 232246.3 mi97$31,913,582$299,725$329,006
23223Richmond, VA 232236.5 mi148$57,362,728$359,000$387,586
23233Henrico, VA 232338.5 mi93$61,728,750$567,530$663,750
23234Richmond, VA 232349.4 mi126$42,379,344$310,000$336,344
23075Henrico, VA 2307510.0 mi22$6,163,696$272,475$280,168
23113Midlothian, VA 2311310.9 mi52$46,424,508$775,215$892,779
23005Ashland, VA 2300512.0 mi72$40,161,096$360,000$557,793

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23230?

As of February 2026, there are 30 active listings in RICHMOND, VA (zip code 23230), compared to 45 the prior year.

What is the median home price in RICHMOND, VA 23230?

The median listing price in RICHMOND, VA 23230 is $528,725 as of February 2026, a 1.3% decrease from $535,832 the prior year.

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

Homes in RICHMOND, VA 23230 spend an average of 61 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23230?

Based on current inventory and days-on-market data as of February 2026, RICHMOND, VA 23230 is currently a Seller's Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 61 days on market compared to 69 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 23230 save an estimated $10,575 compared to a typical 5% commission on the median listing price of $528,725. 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.