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Fernleigh Hobby Hill Farms Huguenot Twin Valley Farms

RICHMOND, VA 23235

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

Neighborhoods in ZIP 23235

Fernleigh · Hobby Hill Farms · Huguenot · Twin Valley Farms

Market Analysis

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

The RICHMOND, VA real estate market (23235) currently shows 82 active listings, with 53 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 36 days on market compared to 42 days last year.

The median listing price has fallen 3.1% year-over-year, from $468,238 to $453,738.

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: 32,673  ·  Density: 708.7/mi²  ·  Median household income: $88,767

Typical home value: $295,080  ·  Homeownership: 71.9%

Market Overview

Active Listings
82
⇧ 15.5% vs 71 last year
Pending
53
65% pending ratio
Median Price
$453,738
⇩ 3.1% vs $468,238 last year
Average Price
$542,502
⇩ 2% vs $553,527 last year
Days on Market
36
⇩ 14.3% vs 42 days last year

Price Per Square Foot

Median $/sqft
$228
vs $228/sqft last year
Median Home Size
2,075 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 82 this year vs 71 last year
  • Days on market: 36 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $453,738 (-3.1% YoY)
  • Average: $542,502 (-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 13.0 miles — 1,122 listings ($646,183,780 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23235Richmond, VA 232350.0 mi69$38,823,195$464,950$562,655
23225Richmond, VA 232253.0 mi60$30,339,420$392,000$505,657
23226Richmond, VA 232265.1 mi28$27,126,736$882,500$968,812
23224Richmond, VA 232245.5 mi97$31,913,582$299,725$329,006
23220Richmond, VA 232206.2 mi81$42,304,923$449,998$522,283
23113Midlothian, VA 231136.6 mi52$46,424,508$775,215$892,779
23238Henrico, VA 232387.1 mi53$46,881,574$602,475$884,558
23112Midlothian, VA 231127.6 mi188$100,513,072$460,000$534,644
23832Chesterfield, VA 238328.4 mi153$74,652,066$439,990$487,922
23222Richmond, VA 232229.3 mi97$33,280,215$349,950$343,095
23233Henrico, VA 232339.7 mi93$61,728,750$567,530$663,750
23060Glen Allen, VA 2306010.3 mi88$44,957,792$432,450$510,884
23103Manakin Sabot, VA 2310313.0 mi63$67,237,947$809,950$1,067,269

Frequently Asked Questions

How many homes are for sale in RICHMOND, VA 23235?

As of February 2026, there are 82 active listings in RICHMOND, VA (zip code 23235), compared to 71 the prior year.

What is the median home price in RICHMOND, VA 23235?

The median listing price in RICHMOND, VA 23235 is $453,738 as of February 2026, a 3.1% decrease from $468,238 the prior year.

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

Homes in RICHMOND, VA 23235 spend an average of 36 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 23235?

Based on current inventory and days-on-market data as of February 2026, RICHMOND, VA 23235 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 36 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 23235 save an estimated $9,075 compared to a typical 5% commission on the median listing price of $453,738. 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.