Market Intelligence · VA / Richmond

Richmond, VA 23234 Housing Market

The typical home value in Richmond, VA 23234 is $311,796, up 3.6% over the past year. The median list price is $359,990, and homes are spending a median of 45 days on the market.

Updated August 2026Median value$312K

The median home value in Richmond, VA 23234 is $312K as of August 2026, up 3.6% 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 23234 range

$287K to $337K

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

+3.6% over 12 months

Typical home value in 23234 over the last 12 months: $301K in Aug 2025 to $312K in Aug 2026 (+3.6%).

Aug 2025$301K

Aug 2026$312K

The numbers

What is the 23234 housing market like?

Typical home value

$312K

Up3.6%YoY

Median list price

$360K

Down0.7%MoM

Days on market

45

Up18.4%MoM

Homes for sale

83

Up10.7%MoM

Price cuts

13.2%

Down15.9%MoM

New listings

48

Up9.1%MoM

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

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The comparison

How do 23234 home prices compare?

  • 23234$311,796
  • 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

Richmond, VA 23234 has 83 homes for sale, with 48 new listings hitting the market recently. The median list price is $359,990, and the median days on market is 45. About 13.2% of listings have taken a price cut. Meanwhile, the typical home value of $311,796 has risen 3.6% over the past year, so values are still climbing even as some sellers trim prices. For a seller here, the market is working, but pricing correctly from the start matters.

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