Blake and Ali Poore Team

Henrico, VA

Single-Family Homes

Compass



Henrico, VA

Tue Aug 09 2022
This week the median list price for Henrico, VA is $375,302 with the market action index hovering around 91. This is about the same as last month's market action index of 91. Inventory has increased to 92. 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

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.

Henrico, VA

Tue Aug 09 2022
This week the median list price for Henrico, VA is $375,302 with the market action index hovering around 91. This is about the same as last month's market action index of 91. Inventory has increased to 92. 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

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 Henrico market.
Median List Price $375,302
Median Price of New Listings $350,000
Per Square Foot $201
Average Days on Market 44
Median Days on Market 14
Price Decreased 21%
Price Increased 2%
Relisted 5%
Inventory 92
Median Rent
Market Action 91
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,097,000 4,030 0.5 - 1 acre 5 4 32 3 7 28
$420,000 2,314 0.25 - 0.5 acre 4 2.5 33 8 13 14
$349,900 1,788 0.25 - 0.5 acre 4 2 48 8 11 7
$250,000 1,176 0.25 - 0.5 acre 3 1 66 11 11 14