Is Richmond, VA 23237 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Richmond is a seller’s market. With about 1.5 months of supply and 38% 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.

Months of supply1.5Under 4 months = seller’s market

Sold above original list38.3%Share of sales, last 3 months

Median sale-to-list99.4%Sold price ÷ list price

Median days on market11Listing to accepted offer

Median price per sq ft$196▼ −5.6% vs. last year

Run the numbers for 23237

Prefilled for 23237Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23237Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Chester 23831Seller’s market $207 /sq ft Chester 23836Seller’s market $192 /sq ft Chesterfield 23832Seller’s market $210 /sq ft Chesterfield 23838Seller’s market $206 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology