The Poore Team

Richmond, VA 23221

Single-Family Homes

Compass


Richmond, VA 23221

Thu Sep 03 2026
This week the median list price for Richmond, VA 23221 is $874,000 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has decreased to 8. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Richmond, VA 23221

Thu Sep 03 2026
This week the median list price for Richmond, VA 23221 is $874,000 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has decreased to 8. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $874,000
Median Price of New Listings $779,000
Per Square Foot $399
Average Days on Market 64
Median Days on Market 39
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 65
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,100,000 4,442 0.5 - 1 acre 4 4.5 89 1 1 140
$976,500 2,645 0 - 4,500 sqft 3 2.8 50 0 1 45
$826,500 2,071 0 - 4,500 sqft 4 2.8 50 1 1 38
$584,475 1,349 0 - 4,500 sqft 2 2 101 1 1 31