Market Intelligence · VA / Richmond

Richmond, VA 23223 Housing Market

The typical home value in Richmond, VA 23223 is $297,785, up 1.4% over the past year as of 2026-08-01. The median list price is $350,000, and homes are spending a median of 46 days on market.

Updated August 2026Median value$298K

The median home value in Richmond, VA 23223 is $298K as of August 2026, up 1.4% 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 23223 range

$274K to $322K

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

+1.4% over 12 months

Typical home value in 23223 over the last 12 months: $294K in Aug 2025 to $298K in Aug 2026 (+1.4%).

Aug 2025$294K

Aug 2026$298K

The numbers

What is the 23223 housing market like?

Typical home value

$298K

Up1.4%YoY

Median list price

$350K

Down3.1%MoM

Days on market

46

Up43.8%MoM

Homes for sale

114

Down7.3%MoM

Price cuts

19.1%

Up16.7%MoM

New listings

44

Down31.2%MoM

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

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The comparison

How do 23223 home prices compare?

  • 23223$297,785
  • 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

There were 114 homes for sale in 23223 as of 2026-08-01, with 44 new listings hitting the market. The median list price sits at $350,000, while the typical home value is $297,785, up 1.4% over the past year. Homes are taking a median of 46 days to sell. About 19.1% of listings have taken a price cut. For a seller, this is a steady market where accurate pricing from day one matters more than testing high and adjusting later.

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