Market Intelligence · VA / Henrico

Henrico, VA 23231 Housing Market

The typical home value in Henrico's 23231 ZIP code is $335,502, up 2.3% over the past year. Sellers are asking a median list price of $399,970, and homes spend a median of 42 days on the market.

Updated August 2026Median value$336K

The median home value in Henrico, VA 23231 is $336K as of August 2026, up 2.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 23231 range

$309K to $362K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.3% over 12 months

Typical home value in 23231 over the last 12 months: $328K in Aug 2025 to $336K in Aug 2026 (+2.3%).

Aug 2025$328K

Aug 2026$336K

The numbers

What is the 23231 housing market like?

Typical home value

$336K

Up2.3%YoY

Median list price

$400K

Flat0.0%MoM

Days on market

42

Up55.6%MoM

Homes for sale

105

Up10.5%MoM

Price cuts

18.0%

Down7.2%MoM

New listings

52

Up13.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 23231 home prices compare?

  • 23231$335,502
  • Henrico$361,259
  • Virginia$330,987
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Henrico: 7 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

The 23231 housing market, covering part of Henrico, has 105 homes for sale as of 2026-08-01, with 52 new listings adding to that supply. The median list price stands at $399,970, while the typical home value is $335,502, up 2.3% over the past year. Homes are taking a median of 42 days to sell, and 18.0% of listings have had a price cut. That mix suggests steady but not frenzied demand. For a seller, pricing close to the market from day one matters more than testing a high number.

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