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HENRICO, VA 23238

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

Market Analysis

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

The HENRICO, VA real estate market (23238) currently shows 50 active listings, with 30 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 42 days on market compared to 36 days last year.

The median listing price has risen 6.7% year-over-year, from $563,603 to $601,213.

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: 26,521  ·  Density: 483.3/mi²  ·  Median household income: $91,174

Typical home value: $365,085  ·  Homeownership: 60.5%

Market Overview

Active Listings
50
⇩ 40.5% vs 84 last year
Pending
30
60% pending ratio
Median Price
$601,213
⇧ 6.7% vs $563,603 last year
Average Price
$917,987
⇧ 36.2% vs $673,903 last year
Days on Market
42
⇧ 16.7% vs 36 days last year

Price Per Square Foot

Median $/sqft
$264
⇧ 3.9% vs $254/sqft last year
Median Home Size
2,493 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 84 last year
  • Days on market: 42 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $601,213 (+6.7% YoY)
  • Average: $917,987 (+36.2% 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 12.2 miles — 781 listings ($411,784,796 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23238Henrico, VA 232380.0 mi53$46,881,574$602,475$884,558
23229Henrico, VA 232294.0 mi39$22,910,004$449,000$587,436
23294Henrico, VA 232945.9 mi25$10,190,400$399,995$407,616
23226Richmond, VA 232266.8 mi28$27,126,736$882,500$968,812
23060Glen Allen, VA 230607.3 mi88$44,957,792$432,450$510,884
23230Richmond, VA 232308.2 mi30$17,358,510$515,000$578,617
23059Glen Allen, VA 230598.6 mi103$65,482,662$584,975$635,754
23236Richmond, VA 232368.9 mi72$35,905,680$464,995$498,690
23146Rockville, VA 231469.8 mi10$9,241,420$887,450$924,142
23220Richmond, VA 2322010.4 mi81$42,304,923$449,998$522,283
23227Richmond, VA 2322711.0 mi58$24,231,298$381,490$417,781
23224Richmond, VA 2322411.8 mi97$31,913,582$299,725$329,006
23222Richmond, VA 2322212.2 mi97$33,280,215$349,950$343,095

Frequently Asked Questions

How many homes are for sale in HENRICO, VA 23238?

As of February 2026, there are 50 active listings in HENRICO, VA (zip code 23238), compared to 84 the prior year.

What is the median home price in HENRICO, VA 23238?

The median listing price in HENRICO, VA 23238 is $601,213 as of February 2026, a 6.7% increase from $563,603 the prior year.

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

Homes in HENRICO, VA 23238 spend an average of 42 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in HENRICO, VA 23238?

Based on current inventory and days-on-market data as of February 2026, HENRICO, VA 23238 is currently a Balanced Market. Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 42 days on market compared to 36 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HENRICO, VA 23238 save an estimated $12,024 compared to a typical 5% commission on the median listing price of $601,213. 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.