Market Intelligence · VA / Henrico

Henrico, VA 23294 Housing Market

Typical home value in Henrico 23294 stands at $357,740, up 0.5% over the past year. The median list price is $418,500, and homes spend a median of 38 days on market.

Updated September 2026Median value$358K

The median home value in Henrico, VA 23294 is $358K as of September 2026, up 0.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 23294 range

$329K to $386K

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

+0.5% over 12 months

Sep 2025$356K

Low $356KHigh $359K

Sep 2026$358K

The numbers

What is the 23294 housing market like?

As of September 2026

Typical home value

$358K

0.5%YoY

Median list price

$419K

0.8%MoM

Days on market

22.6%MoM

Homes for sale

10.5%MoM

Price cuts

34.5%

227.6%MoM

New listings

50.0%MoM

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

The outlook

23294 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23294 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 23294 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 23294?

Zillow's forecast does not call for a drop: it expects typical home values in 23294 to rise 1.8% by September 2027, after a 0.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 23294 home prices compare?

23294$357,740
Henrico$357,740
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Henrico: 7 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 21 homes for sale in the 23294 ZIP code, with 8 new listings added recently. The median days on market of 38 suggests a steady pace of activity. However, price cuts appear on 34.5% of listings, indicating some sellers are adjusting expectations. The modest 0.5% year-over-year gain in typical home value reflects a market that has stabilized rather than accelerated. For homeowners considering a sale, conditions are balanced but not urgent.

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Home price

Down payment20% · $71,548

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Common questions

What people ask us.

What is the typical home value in 23294?

The typical home value is $357,740, up 0.5% over the past year as of September 2026.

How many homes are currently listed for sale in 23294?

There are 21 homes for sale, with 8 new listings as of September 2026.

What share of listings have a price cut?

As of September 2026, 34.5% of listings in the area have a price cut.

Discover

Nearby ZIP markets.

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