The Poore Team

Henrico, VA 23231

Single-Family Homes

Compass


Henrico, VA 23231

Mon May 05 2025
This week the median list price for Henrico, VA 23231 is $400,000 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has increased to 49. Click here to stay informed with the Henrico market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Henrico, VA 23231

Mon May 05 2025
This week the median list price for Henrico, VA 23231 is $400,000 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has increased to 49. Click here to stay informed with the Henrico market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Henrico market.
Median List Price $400,000
Median Price of New Listings $371,500
Per Square Foot $203
Average Days on Market 87
Median Days on Market 63
Price Decreased 22%
Price Increased 12%
Relisted 4%
Inventory 49
Median Rent
Market Action 50
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$486,705 2,242 1 - 2.5 acres 4 2.5 1 0 2 84
$447,815 2,468 0.25 - 0.5 acre 4 2.5 0 3 3 52
$386,740 1,852 0.25 - 0.5 acre 3 2.5 26 3 4 28
$289,900 1,432 0.25 - 0.5 acre 3 2 50 4 2 63