Market Intelligence · VA / Richmond

Richmond, VA 23221 Housing Market

The typical home value in Richmond's 23221 ZIP code is $663,117, up 1.9% over the past year. The median list price sits at $684,738, and homes are taking a median of 25 days on market.

Updated June 2026Median value$663K

The median home value in Richmond, VA 23221 is $663K as of June 2026, up 1.9% 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 23221 range

$610K to $716K

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

+1.9% over 12 months

Typical home value in 23221 over the last 12 months: $651K in Jun 2025 to $663K in Jun 2026 (+1.9%).

Jun 2025$651K

Jun 2026$663K

The numbers

What is the 23221 housing market like?

Typical home value

$663K

Up1.9%YoY

Median list price

$685K

Days on market

25

Up108.3%MoM

Homes for sale

23

Price cuts

11.6%

New listings

24

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 23221 home prices compare?

  • 23221$663,117
  • Richmond$388,569
  • Virginia$335,462
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Richmond: 14 ZIPs; Virginia: 757 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there were 23 homes for sale in 23221, with 24 new listings recently added. The median list price was $684,738, while the typical home value stood at $663,117, up 1.9% over the past year. Homes moved at a median of 25 days on market, and 11.6% of listings had a price cut. For sellers, the numbers point to steady demand, so pricing in line with recent activity remains the safest approach.

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