Is Richmond, VA 23234 a buyer’s or seller’s market?
Richmond is a seller’s market. With about 2.2 months of supply and 31% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score72/ 100
More competitive than 76% of U.S. ZIP codes, and #99 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2.2Under 4 months = seller’s market
Sold above original list30.5%Share of sales, last 3 months
Median sale-to-list100.1%Sold price ÷ list price
Median days on market24Listing to accepted offer
Median price per sq ft$218▲ +4.3% vs. last year
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Nearby markets
Chester 23831Seller’s market $207 /sq ftChester 23836Seller’s market $192 /sq ftChesterfield 23832Seller’s market $210 /sq ftChesterfield 23838Seller’s market $206 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology