The Poore Team

Richmond, VA 23221

Single-Family Homes

Compass


Richmond, VA 23221

Wed Sep 17 2025
This week the median list price for Richmond, VA 23221 is $984,975 with the market action index hovering around 68. This is less than last month's market action index of 73. Inventory has increased to 14. Click here to stay informed with the Richmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Richmond, VA 23221

Wed Sep 17 2025
This week the median list price for Richmond, VA 23221 is $984,975 with the market action index hovering around 68. This is less than last month's market action index of 73. Inventory has increased to 14. Click here to stay informed with the Richmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $984,975
Median Price of New Listings $1,269,975
Per Square Foot $409
Average Days on Market 46
Median Days on Market 39
Price Decreased 29%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 68
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,292,475 3,413 0.25 - 0.5 acre 3 2.8 72 1 1 38
$1,039,000 2,790 0 - 4,500 sqft 4 3.5 97 0 1 70
$809,950 2,129 0 - 4,500 sqft 3 2.5 98 1 1 17
$615,000 1,390 0 - 4,500 sqft 3 2.5 102 0 1 49