How much is a home in 23227 worth?

The typical home value in 23227 is $397,114, up 1.4% over the past year as of 2026-08-01.

How long do homes take to sell in 23227?

Homes in 23227 spend a median of 38 days on market as of 2026-08-01. There were 32 homes for sale at that time.

Are sellers cutting prices in 23227?

As of 2026-08-01, 9.3% of listings in 23227 had a price cut. The median list price was $386,950.

Market Intelligence · VA / Richmond

Richmond, VA 23227 Housing Market

The typical home value in Richmond, VA 23227 is $397,114, up 1.4% over the past year. Sellers are listing at a median of $386,950, and homes are spending a median of 38 days on market. These figures are as of 2026-08-01.

Updated August 2026Median value$397K

The median home value in Richmond, VA 23227 is $397K 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 23227 range

$365K to $429K

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

Aug 2025$391K

Low $391KHigh $398K

Aug 2026$397K

The numbers

What is the 23227 housing market like?

As of August 2026

Typical home value

$397K

1.4%YoY

Median list price

$387K

2.1%MoM

Days on market

26.7%MoM

Homes for sale

33.3%MoM

Price cuts

9.3%

9.9%MoM

New listings

9.1%MoM

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

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The comparison

How do 23227 home prices compare?

23227$397,114
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 32 homes for sale in 23227 as of 2026-08-01, with 24 new listings entering the market. The median list price sits at $386,950, just under the typical home value of $397,114. Homes are moving in a median of 38 days, which points to steady but not frantic demand. Only 9.3% of listings have taken a price cut, suggesting most sellers are pricing close to what buyers will pay. For a seller, this is a stable market where realistic pricing matters more than aggressive pricing.

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