Market Intelligence · VA / Richmond

Richmond, VA 23223 Housing Market

The typical home value in Richmond's 23223 ZIP code is $301,800, up 1.6% over the past year. Homes list at a median price of $367,750, and the median time on market is 38 days.

Updated June 2026Median value$302K

The median home value in Richmond, VA 23223 is $302K as of June 2026, up 1.6% 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

$278K to $326K

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

+1.6% over 12 months

Typical home value in 23223 over the last 12 months: $297K in Jun 2025 to $302K in Jun 2026 (+1.6%).

Jun 2025$297K

Jun 2026$302K

The numbers

What is the 23223 housing market like?

Typical home value

$302K

Up1.6%YoY

Median list price

$368K

Days on market

38

Up81.0%MoM

Homes for sale

111

Price cuts

16.4%

New listings

80

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

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The comparison

How do 23223 home prices compare?

  • 23223$301,800
  • 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 1, 2026, there are 111 homes for sale in 23223, with 80 new listings added. The median list price is $367,750, while the typical home value sits at $301,800, up 1.6% over the past year. Homes take a median of 38 days to sell, and 16.4% of listings have had a price cut. If you are weighing a sale here, the numbers point to steady demand with room to negotiate, so pricing carefully matters.

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