The Poore Team

Richmond, VA 23235

Single-Family Homes

Compass


Richmond, VA 23235

Wed Sep 17 2025
This week the median list price for Richmond, VA 23235 is $494,500 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has increased to 32. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Richmond, VA 23235

Wed Sep 17 2025
This week the median list price for Richmond, VA 23235 is $494,500 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has increased to 32. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Richmond market.
Median List Price $494,500
Median Price of New Listings $492,450
Per Square Foot $228
Average Days on Market 75
Median Days on Market 32
Price Decreased 31%
Price Increased 3%
Relisted 13%
Inventory 32
Median Rent
Market Action 50
Strong Seller's Market

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
$882,000 3,491 0.5 - 1 acre 4 3.3 21 0 2 94
$562,475 2,782 0.5 - 1 acre 4 2.8 46 3 0 14
$454,450 1,834 0.25 - 0.5 acre 4 2.5 36 1 0 17
$334,975 1,801 0.25 - 0.5 acre 3 2 62 2 0 24