The Poore Team
Richmond, VA 23223
Single-Family Homes
Compass
Richmond, VA 23223
Sun Nov 02 2025
This week the median list price for Richmond, VA 23223 is $345,000 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has increased to 91.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $345,000 | |
| Median Price of New Listings | $283,499 | |
| Per Square Foot | $229 | |
| Average Days on Market | 75 | |
| Median Days on Market | 35 | |
| Price Decreased | 48% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 91 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $500,000 | 2,160 | 0 - 4,500 sqft | 4 | 3 | 8 | 0 | 3 | 42 |
| $395,000 | 1,734 | 0 - 4,500 sqft | 3 | 2.5 | 18 | 2 | 5 | 49 |
| $315,000 | 1,420 | 6,500 - 8,000 sqft | 3 | 2 | 69 | 5 | 2 | 14 |
| $214,399 | 908 | 4,500 - 6,500 sqft | 3 | 1 | 78 | 5 | 8 | 87 |