Market Intelligence · VA / Richmond

Richmond, VA 23227 Housing Market

The typical home value in Richmond's 23227 ZIP code is $403,230, up 1.3% over the past year. The median list price sits at $368,713, and homes are taking a median of 32 days on market.

Updated June 2026Median value$403K

The median home value in Richmond, VA 23227 is $403K as of June 2026, up 1.3% 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 23227 range

$371K to $435K

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

+1.3% over 12 months

Typical home value in 23227 over the last 12 months: $398K in Jun 2025 to $403K in Jun 2026 (+1.3%).

Jun 2025$398K

Jun 2026$403K

The numbers

What is the 23227 housing market like?

Typical home value

$403K

Up1.3%YoY

Median list price

$369K

Days on market

32

Up166.7%MoM

Homes for sale

25

Price cuts

15.3%

New listings

22

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

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The comparison

How do 23227 home prices compare?

  • 23227$403,230
  • 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 25 homes for sale in 23227, with 22 new listings added recently. The median list price is $368,713, and the typical home value is $403,230, up 1.3% over the past year. Homes are spending a median of 32 days on market. About 15.3% of listings have had a price cut. For sellers, the pace is steady, so pricing in line with recent activity matters more than assuming quick offers.

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