Market Intelligence · VA / Richmond

Richmond, VA 23226 Housing Market

The typical home in Richmond, VA 23226 is worth $592,730, up 3.3% over the past year as of 2026-08-01. Sellers are asking a median list price of $664,475, and homes spend a median of 34 days on market before going under contract.

Updated August 2026Median value$593K

The median home value in Richmond, VA 23226 is $593K as of August 2026, up 3.3% 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 23226 range

$545K to $640K

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

+3.3% over 12 months

Typical home value in 23226 over the last 12 months: $574K in Aug 2025 to $593K in Aug 2026 (+3.3%).

Aug 2025$574K

Aug 2026$593K

The numbers

What is the 23226 housing market like?

Typical home value

$593K

Up3.3%YoY

Median list price

$664K

Down0.6%MoM

Days on market

34

Down5.6%MoM

Homes for sale

21

Down12.5%MoM

Price cuts

6.1%

Down27.8%MoM

New listings

24

Up33.3%MoM

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

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The comparison

How do 23226 home prices compare?

  • 23226$592,730
  • 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 are 21 homes for sale in 23226 as of 2026-08-01, with 24 new listings hitting the market, so fresh inventory is roughly keeping pace with what is available. The median list price of $664,475 sits above the typical home value of $592,730, which suggests sellers are pricing with some optimism. Homes move in a median of 34 days, a moderate pace that gives buyers time to compare options. Only 6.1% of listings have taken a price cut, so most sellers are not yet adjusting expectations. For a seller, the data points to steady demand and rising values, but pricing too far above the local norm could still mean a longer wait.

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