Market Intelligence · VA / Richmond

Richmond, VA 23236 Housing Market

In Richmond's 23236 ZIP, typical home values sit at $391,368, up 2.9% over the past year. The median list price is $423,725, with homes spending a median of 33 days on market as of September 2026.

Updated September 2026Median value$391K

The median home value in Richmond, VA 23236 is $391K as of September 2026, up 2.9% 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.

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Typical 23236 range

$360K to $423K

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

+2.9% over 12 months

Sep 2025$380K

Low $380KHigh $391K

Sep 2026$391K

The numbers

What is the 23236 housing market like?

As of September 2026

Typical home value

$391K

2.9%YoY

Median list price

$424K

0.8%MoM

Days on market

10.0%MoM

Homes for sale

17.3%MoM

Price cuts

19.3%

9.5%MoM

New listings

10.0%MoM

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

The outlook

23236 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23236 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23236 rose 2.9%, per the Zillow Home Value Index.

Will home prices drop in 23236?

Zillow's forecast does not call for a drop: it expects typical home values in 23236 to rise 1.9% by September 2027, after a 2.9% 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.

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The comparison

How do 23236 home prices compare?

23236$391,368
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's 23236 area had 61 homes for sale in September 2026, with 36 new listings hitting the market. The median time to sale was 33 days, a pace that reflects steady but not explosive demand. Price cuts appeared on 19.3% of listings, suggesting some sellers are adjusting expectations. Values have climbed 2.9% year-over-year despite this activity. For sellers, the data indicates a balanced market where pricing realistically from the start matters more than hoping for a bidding war.

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Down payment20% · $78,274

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Common questions

What people ask us.

What is a typical home worth in 23236?

As of September 2026, the typical home value in Richmond's 23236 ZIP is $391,368, reflecting a 2.9% gain over the past year.

How long do homes take to sell in 23236?

The median time on market was 33 days as of September 2026.

What percentage of homes had price reductions?

In September 2026, 19.3% of listings in the ZIP carried a price cut.

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