Market Intelligence · VA / Richmond

Richmond, VA 23220 Housing Market

The typical home in Richmond, VA 23220 is worth $451,541, up 1.3% over the past year. The median list price sits at $480,000, and homes spend a median of 50 days on market. That is a market with modest value growth and a measured pace.

Updated August 2026Median value$452K

The median home value in Richmond, VA 23220 is $452K as of August 2026, up 1.3% 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 23220 range

$415K to $488K

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

+1.3% over 12 months

Typical home value in 23220 over the last 12 months: $446K in Aug 2025 to $452K in Aug 2026 (+1.3%).

Aug 2025$446K

Aug 2026$452K

The numbers

What is the 23220 housing market like?

Typical home value

$452K

Up1.3%YoY

Median list price

$480K

Down1.3%MoM

Days on market

50

Up19.0%MoM

Homes for sale

66

Up13.8%MoM

Price cuts

18.0%

Up26.9%MoM

New listings

24

Flat0.0%MoM

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

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The comparison

How do 23220 home prices compare?

  • 23220$451,541
  • Richmond$382,345
  • 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 (Richmond: 14 ZIPs; Virginia: 757 ZIPs; United States: 26,265 ZIPs).

Context

Richmond, VA 23220 has 66 homes for sale, with 24 new listings coming on the market. The median list price is $480,000, while the typical home value is $451,541, up 1.3% over the past year. Homes take a median of 50 days to sell, so buyers have some time to decide. About 18.0% of listings have taken a price cut, which suggests some sellers are starting above what the market will pay. For a seller, the numbers point to a steady market where realistic pricing matters more than aiming high.

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20% · $90,308

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