The Poore Team
Richmond, VA 23221
Single-Family Homes
Compass
Richmond, VA 23221
Fri Jun 05 2026
This week the median list price for Richmond, VA 23221 is $934,000 with the market action index hovering around 91. This is an increase over last month's market action index of 81. Inventory has increased to 13.
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
| Median List Price | $934,000 | |
| Median Price of New Listings | $1,069,475 | |
| Per Square Foot | $393 | |
| Average Days on Market | 58 | |
| Median Days on Market | 7 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 91 | |
| Strong Seller's Market | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,650,000 | 4,184 | 0.5 - 1 acre | 4 | 4 | 88 | 3 | 2 | 0 |
| $950,000 | 3,015 | 0 - 4,500 sqft | 4 | 3 | 109 | 1 | 1 | 21 |
| $840,000 | 2,475 | 0 - 4,500 sqft | 4 | 3 | 103 | 1 | 1 | 7 |
| $489,000 | 1,384 | 0 - 4,500 sqft | 3 | 1 | 103 | 1 | 1 | 28 |