Market Intelligence · VA / Richmond

Richmond, VA 23225 Housing Market

Homes in Richmond's 23225 ZIP are holding value. The typical home is worth $367,296, up 2.2% over the past year. Current median list price sits at $387,250, with homes spending a median of 28 days on market.

Updated September 2026Median value$367K

The median home value in Richmond, VA 23225 is $367K as of September 2026, up 2.2% 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 23225 range

$338K to $397K

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

+2.2% over 12 months

Sep 2025$359K

Low $359KHigh $367K

Sep 2026$367K

The numbers

What is the 23225 housing market like?

As of September 2026

Typical home value

$367K

2.2%YoY

Median list price

$387K

12.2%MoM

Days on market

6.7%MoM

Homes for sale

10.0%MoM

Price cuts

13.5%

3.8%MoM

New listings

38.9%MoM

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

The outlook

23225 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23225 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 23225 rose 2.2%, per the Zillow Home Value Index.

Will home prices drop in 23225?

Zillow's forecast does not call for a drop: it expects typical home values in 23225 to rise 2.2% by September 2027, after a 2.2% 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 23225 home prices compare?

23225$367,296
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

September 2026 data shows 55 homes listed for sale in 23225, with 50 new listings that month. Buyers have options here. Median days on market of 28 suggests homes are moving at a steady pace, though not aggressively. About 13.5% of listings have taken a price cut, which indicates some sellers are adjusting expectations. For homeowners considering a sale, this is a balanced market where pricing strategy matters.

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Down payment20% · $73,459

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Common questions

What people ask us.

How much is a home in 23225 worth?

The typical home value in this ZIP is $367,296, and values have risen 2.2% over the past year.

What are homes listed for in 23225?

The median list price is $387,250 as of September 2026.

How long do homes stay on the market in 23225?

Homes in this ZIP spend a median of 28 days on market.

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