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Ampthill Heights Broad Rock Brookbury Cedar Farms Chesterfield Court Dorchester Kragmont Shannon Terrace Walmsley Village

RICHMOND, VA 23234

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

Neighborhoods in ZIP 23234

Ampthill Heights · Broad Rock · Brookbury · Cedar Farms · Chesterfield Court · Dorchester · Kragmont · Shannon Terrace · Walmsley Village

Market Analysis

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

The RICHMOND, VA real estate market (23234) currently shows 124 active listings, with 85 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are selling faster, averaging 51 days on market compared to 58 days last year.

The median listing price has fallen 8.1% year-over-year, from $349,673 to $321,225.

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: 45,139  ·  Density: 912.1/mi²  ·  Median household income: $60,669

Typical home value: $217,794  ·  Homeownership: 58.3%

Market Overview

Active Listings
124
⇧ 21.6% vs 102 last year
Pending
85
69% pending ratio
Median Price
$321,225
⇩ 8.1% vs $349,673 last year
Average Price
$340,024
⇧ 2.1% vs $332,955 last year
Days on Market
51
⇩ 12.1% vs 58 days last year

Price Per Square Foot

Median $/sqft
$208
⇩ 2.8% vs $214/sqft last year
Median Home Size
1,514 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 124 this year vs 102 last year
  • Days on market: 51 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $321,225 (-8.1% YoY)
  • Average: $340,024 (+2.1% 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 12.3 miles — 1,002 listings ($429,502,451 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23234Richmond, VA 232340.0 mi126$42,379,344$310,000$336,344
23237Richmond, VA 232373.6 mi60$23,676,720$349,950$394,612
23219Richmond, VA 232196.3 mi10$3,833,210$350,000$383,321
23236Richmond, VA 232366.7 mi72$35,905,680$464,995$498,690
23221Richmond, VA 232217.0 mi28$19,480,020$625,000$695,715
23832Chesterfield, VA 238328.1 mi153$74,652,066$439,990$487,922
23223Richmond, VA 232238.6 mi148$57,362,728$359,000$387,586
23222Richmond, VA 232229.4 mi97$33,280,215$349,950$343,095
23836Chester, VA 2383610.2 mi47$25,047,522$510,000$532,926
23114Midlothian, VA 2311410.8 mi103$45,728,910$446,112$443,970
23229Henrico, VA 2322910.9 mi39$22,910,004$449,000$587,436
23834Colonial Heights, VA 2383411.9 mi67$23,360,220$335,000$348,660
23150Sandston, VA 2315012.3 mi52$21,885,812$334,500$420,881

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23234?

As of February 2026, there are 124 active listings in RICHMOND, VA (zip code 23234), compared to 102 the prior year.

What is the median home price in RICHMOND, VA 23234?

The median listing price in RICHMOND, VA 23234 is $321,225 as of February 2026, a 8.1% decrease from $349,673 the prior year.

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

Homes in RICHMOND, VA 23234 spend an average of 51 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in RICHMOND, VA 23234?

Based on current inventory and days-on-market data as of February 2026, RICHMOND, VA 23234 is currently a Balanced Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are selling faster, averaging 51 days on market compared to 58 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 23234 save an estimated $6,425 compared to a typical 5% commission on the median listing price of $321,225. 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.