Market Intelligence · VA / Richmond

Richmond, VA 23235 Housing Market

The typical home value in Richmond 23235 is $415,336, up 4.4% over the past year. The median list price stands at $474,975, with homes typically spending 43 days on market as of September 2026.

Updated September 2026Median value$415K

The median home value in Richmond, VA 23235 is $415K as of September 2026, up 4.4% 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.

Sell without the wait

Sell your Richmond home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 23235 range

$382K to $449K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 23235 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Richmond, VA.

12-month value trend

+4.4% over 12 months

Sep 2025$398K

Low $398KHigh $415K

Sep 2026$415K

The numbers

What is the 23235 housing market like?

As of September 2026

Typical home value

$415K

4.4%YoY

Median list price

$475K

0.0%MoM

Days on market

22.9%MoM

Homes for sale

5.8%MoM

Price cuts

15.4%

12.4%MoM

New listings

5.6%MoM

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

The outlook

23235 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23235 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 23235 rose 4.4%, per the Zillow Home Value Index.

Will home prices drop in 23235?

Zillow's forecast does not call for a drop: it expects typical home values in 23235 to rise 2.2% by September 2027, after a 4.4% 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.

Free home value report

See what your 23235 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 23235 home prices compare?

23235$415,336
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

Richmond 23235 has 55 homes for sale, with 34 new listings added in September 2026. The median list price of $474,975 reflects the area's current asking levels, while homes are averaging 43 days on market. About 15.4% of listings have seen a price cut, suggesting some sellers are testing the market to find the right price. The typical home value of $415,336 represents a 4.4% gain year-over-year, indicating steady appreciation. For sellers, the mix of new inventory and price adjustments means pricing carefully from the start will matter.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $83,067

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in Richmond 23235?

The typical home value is $415,336, up 4.4% over the past year as of September 2026.

How many homes are currently for sale in this ZIP?

As of September 2026, there are 55 homes for sale, with 34 new listings in that month.

How long do homes typically stay on the market here?

The median days on market is 43 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading