The Poore Team

Richmond, VA 23221

Single-Family Homes

Compass


Richmond, VA 23221

Tue Nov 04 2025
This week the median list price for Richmond, VA 23221 is $924,947 with the market action index hovering around 70. This is an increase over last month's market action index of 67. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Richmond, VA 23221

Tue Nov 04 2025
This week the median list price for Richmond, VA 23221 is $924,947 with the market action index hovering around 70. This is an increase over last month's market action index of 67. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $924,947
Median Price of New Listings $1,026,000
Per Square Foot $359
Average Days on Market 69
Median Days on Market 70
Price Decreased 13%
Price Increased 0%
Relisted 25%
Inventory 8
Median Rent
Market Action 70
Strong Seller's Market

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$1,242,475 3,668 6,500 - 8,000 sqft 3 3.5 63 0 2 45
$1,012,950 2,967 0.25 - 0.5 acre 4 3 88 1 1 112
$809,972 2,245 0 - 4,500 sqft 3 2.5 49 0 1 73
$612,475 1,588 4,500 - 6,500 sqft 2 2.5 96 0 1 45