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Richmond, VA 23223 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Richmond, VA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.30
ActiveActive listings: 4040PendingPending sales: 1212
Richmond, VA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $320k$320kSoldMedian sold price (last 6 months): $355k$355k
What homes actually sell for in Richmond, VA
Distribution of 467 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $245k to $438k
$125k to $197k: 55 sales$125k$197k to $269k: 60 sales$269k to $341k: 88 sales$269k$341k to $412k: 105 sales105sales$412k to $484k: 62 sales$412k$484k to $556k: 23 sales$556k to $628k: 23 sales$556k$628k to $700k: 8 salesMedian $355k

What the numbers say

As of September 14, 2026, Resideline is tracking 40 active listings and 12 pending sales in ZIP code 23223. That pending-to-active ratio of 0.30 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $319,950, while the median of the 467 closed sales Resideline tracked over the last six months was $355,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 23223 for 65 days.

Frequently asked questions

What is the median home price in 23223?

The median closed sale price in Richmond, VA 23223 was $355,000 over the last six months, based on 467 closed sales tracked by Resideline. The middle half of those sales ranged from $244,900 to $438,090.

Is 23223 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 40 active listings in 23223, a pending-to-active ratio of 0.30. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 23223 currently looks like a balanced market.

Nearby ZIP code market data

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