Market Intelligence · VA / Richmond

Richmond, VA 23237 Housing Market

The typical home value in Richmond's 23237 ZIP is $325,915, up 3.3% over the past year. The median list price stands at $359,225, with homes taking a median of 32 days to sell as of September 2026.

Updated September 2026Median value$326K

The median home value in Richmond, VA 23237 is $326K as of September 2026, up 3.3% 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 23237 range

$300K to $352K

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

+3.3% over 12 months

Sep 2025$315K

Low $315KHigh $326K

Sep 2026$326K

The numbers

What is the 23237 housing market like?

As of September 2026

Typical home value

$326K

3.3%YoY

Median list price

$359K

1.6%MoM

Days on market

18.5%MoM

Homes for sale

0.0%MoM

Price cuts

15.9%

22.0%MoM

New listings

7.1%MoM

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

The outlook

23237 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23237 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 23237 rose 3.3%, per the Zillow Home Value Index.

Will home prices drop in 23237?

Zillow's forecast does not call for a drop: it expects typical home values in 23237 to rise 2.1% by September 2027, after a 3.3% 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 23237 home prices compare?

23237$325,915
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

The 23237 market shows steady activity with 26 new listings in September 2026 and 43 homes currently for sale. The median time on market of 32 days suggests reasonable buyer interest, though 15.9% of listings have seen price cuts. This points to a market where some sellers are adjusting expectations to close deals. The year-over-year value appreciation of 3.3% is modest but positive. If you're considering selling, recognize that not all homes are moving quickly at their initial ask.

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Down payment20% · $65,183

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Common questions

What people ask us.

What is the typical home value in 23237?

The typical home value in 23237 is $325,915, which has increased 3.3% over the past year as of September 2026.

How long do homes typically stay on the market in 23237?

Homes in 23237 have a median time on market of 32 days as of September 2026.

What percentage of homes have price cuts in 23237?

As of September 2026, 15.9% of listings in 23237 have had a price cut.

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