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East

HENRICO, VA 23231

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

Neighborhoods in ZIP 23231

East

Market Analysis

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

The HENRICO, VA real estate market (23231) currently shows 111 active listings, with 61 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 27 fewer active listings — creating more competition among buyers.

The median listing price has fallen 6.2% year-over-year, from $403,720 to $378,700.

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: 37,370  ·  Density: 163.6/mi²  ·  Median household income: $69,972

Typical home value: $245,013  ·  Homeownership: 69.2%

Market Overview

Active Listings
111
⇩ 19.6% vs 138 last year
Pending
61
55% pending ratio
Median Price
$378,700
⇩ 6.2% vs $403,720 last year
Average Price
$384,193
⇩ 3.6% vs $398,653 last year
Days on Market
38
vs 38 days last year

Price Per Square Foot

Median $/sqft
$239
⇧ 10.1% vs $217/sqft last year
Median Home Size
1,693 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 111 this year vs 138 last year
  • Days on market: 38 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $378,700 (-6.2% YoY)
  • Average: $384,193 (-3.6% 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 15.1 miles — 958 listings ($405,373,545 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23231Henrico, VA 232310.0 mi114$44,193,354$375,000$387,661
23836Chester, VA 238366.4 mi47$25,047,522$510,000$532,926
23237Richmond, VA 232377.9 mi60$23,676,720$349,950$394,612
23223Richmond, VA 232238.5 mi148$57,362,728$359,000$387,586
23219Richmond, VA 232199.3 mi10$3,833,210$350,000$383,321
23220Richmond, VA 2322010.7 mi81$42,304,923$449,998$522,283
23222Richmond, VA 2322211.1 mi97$33,280,215$349,950$343,095
23225Richmond, VA 2322511.7 mi60$30,339,420$392,000$505,657
23860Hopewell, VA 2386012.2 mi108$32,010,552$279,000$296,394
23227Richmond, VA 2322713.7 mi58$24,231,298$381,490$417,781
23235Richmond, VA 2323514.3 mi69$38,823,195$464,950$562,655
23236Richmond, VA 2323614.8 mi72$35,905,680$464,995$498,690
23875Prince George, VA 2387515.1 mi34$14,364,728$342,890$422,492

Frequently Asked Questions

How many homes are for sale in HENRICO, VA 23231?

As of February 2026, there are 111 active listings in HENRICO, VA (zip code 23231), compared to 138 the prior year.

What is the median home price in HENRICO, VA 23231?

The median listing price in HENRICO, VA 23231 is $378,700 as of February 2026, a 6.2% decrease from $403,720 the prior year.

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

Homes in HENRICO, VA 23231 spend an average of 38 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in HENRICO, VA 23231?

Based on current inventory and days-on-market data as of February 2026, HENRICO, VA 23231 is currently a Balanced Market. Inventory has tightened compared to last year, with 27 fewer active listings — creating more competition among buyers.

How much can I save on real estate commission in HENRICO, VA?

With SELL123.com's maximum 3% commission, sellers in HENRICO, VA 23231 save an estimated $7,574 compared to a typical 5% commission on the median listing price of $378,700. 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.