Market Intelligence · VA / Richmond

Richmond, VA 23235 Housing Market

The typical home value in Richmond, VA 23235 is $418,025, up 4.2% over the past year as of 2026-08-01. The median list price is $475,000, and homes spend a median 35 days on market. That points to values still rising while buyers have some room to compare options.

Updated August 2026Median value$418K

The median home value in Richmond, VA 23235 is $418K as of August 2026, up 4.2% 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 23235 range

$385K to $451K

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

+4.2% over 12 months

Typical home value in 23235 over the last 12 months: $401K in Aug 2025 to $418K in Aug 2026 (+4.2%).

Aug 2025$401K

Aug 2026$418K

The numbers

What is the 23235 housing market like?

Typical home value

$418K

Up4.2%YoY

Median list price

$475K

Up6.6%MoM

Days on market

35

Down16.7%MoM

Homes for sale

52

Up20.9%MoM

Price cuts

17.5%

Up35.5%MoM

New listings

36

Up5.9%MoM

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

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The comparison

How do 23235 home prices compare?

  • 23235$418,025
  • 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 52 homes for sale in 23235 as of 2026-08-01, with 36 new listings arriving in the same snapshot. The median list price is $475,000, above the typical value of $418,025, so asking prices are not the same as what a typical home may be worth. A median 35 days on market suggests a measured pace rather than a frenzy. With 17.5% of listings showing a price cut, some sellers are adjusting after testing the market. For a seller, realistic pricing and clean presentation matter more than momentum.

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