Market Intelligence · VA / Richmond

Richmond, VA 23223 Housing Market

Homes in Richmond ZIP code 23223 have a typical value of $295,779, up 1.5% over the past year. The median list price stands at $342,310, with homes typically spending 44 days on the market.

Updated September 2026Median value$296K

The median home value in Richmond, VA 23223 is $296K as of September 2026, up 1.5% 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 23223 range

$272K to $319K

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

+1.5% over 12 months

Sep 2025$291K

Low $291KHigh $297K

Sep 2026$296K

The numbers

What is the 23223 housing market like?

As of September 2026

Typical home value

$296K

1.5%YoY

Median list price

$342K

2.2%MoM

Days on market

4.3%MoM

Homes for sale

117

2.6%MoM

Price cuts

21.3%

11.7%MoM

New listings

27.3%MoM

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

The outlook

23223 housing market forecast 2027

+2.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23223 to rise 2.4% by September 2027.

Over the 12 months through September 2026, typical home values in 23223 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 23223?

Zillow's forecast does not call for a drop: it expects typical home values in 23223 to rise 2.4% by September 2027, after a 1.5% 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 23223 home prices compare?

23223$295,779
Richmond$379,332
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 (Richmond: 14 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 23223 had 117 homes for sale with 56 new listings added to the market. The median days on market of 44 suggests a moderate pace of sales activity. About one in five listings, specifically 21.3%, have seen a price cut, which indicates some pricing adjustment in the market. Despite the price reductions, the typical home value has still edged up 1.5% year over year. For sellers, this is a market where pricing realistically from the start matters more than it did during stronger years.

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Down payment20% · $59,156

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Common questions

What people ask us.

What is a typical home worth in 23223?

The typical home value in 23223 is $295,779, up 1.5% over the past year.

How long do homes take to sell here?

As of September 2026, homes in this ZIP code spend a median of 44 days on the market.

How many homes are currently for sale?

There are 117 homes for sale in 23223 as of September 2026, with 56 new listings added recently.

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