The Poore Team

Richmond, VA 23223

Single-Family Homes

Compass


Richmond, VA 23223

Wed Sep 17 2025
This week the median list price for Richmond, VA 23223 is $367,197 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 78. 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.

Slight Seller's Advantage

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 continue to fall a bit. 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 23223

Wed Sep 17 2025
This week the median list price for Richmond, VA 23223 is $367,197 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 78. 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.

Slight Seller's Advantage

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 continue to fall a bit. 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 $367,197
Median Price of New Listings $304,975
Per Square Foot $233
Average Days on Market 75
Median Days on Market 56
Price Decreased 45%
Price Increased 0%
Relisted 22%
Inventory 78
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$484,900 2,191 0 - 4,500 sqft 3 2.8 67 1 6 80
$420,000 1,734 0 - 4,500 sqft 3 2.5 10 2 2 77
$289,250 1,360 8,000 - 10,000 sqft 3 2 63 5 9 49
$204,000 870 4,500 - 6,500 sqft 2 1 79 2 5 42