April 2024

23231 Housing Market Report Henrico, Henrico County, Virginia

Report Updated 10 Days Ago

Is 23231, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Buyer's
Market

Difference Since April 2023

Since last year, 23231 has remained a Seller's Market.

Key Takeaway

23231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 23231, VA

How much do homes in 23231, VA cost?

Median Sold Price

$315,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+5.0%)

Key Takeaway

Homes in 23231 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 23231 was $315,000 in April 2024, up 5% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDS# BEDROOMS	Apr 2023	Apr 2024	CHANGE
1 Bedroom	$275K	$266K	-3.3%
2 Bedrooms	$237.7K	$228.2K	-4.0%
3 Bedrooms	$279.9K	$299.7K	+7.0%
4 Bedrooms	$359.9K	$391K	+8.6%
5+ Bedrooms	$420K	$444.4K	+5.8%

Summary: 23231 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

ZIP	Apr 2023	Apr 2024	CHANGE
23075	$221K	$250K	+13.1%
23150	$265.5K	$293K	+10.4%
23231	$300K	$315K	+5.0%
23836	$435K	$405K	-6.9%

Housing Supply in 23231, VA

How many homes are available in 23231, VA?

Number of Homes For Sale

Mar 2024	Apr 2024	CHANGE
131	148	+13.0%

Summary: The 23231 real estate market had 148 homes for sale in April 2024, a 13.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Mar 2024	Apr 2024	CHANGE
1 Bedroom	1	1	0.0%
2 Bedrooms	25	22	-12.0%
3 Bedrooms	58	68	+17.2%
4 Bedrooms	40	50	+25.0%
5+ Bedrooms	7	7	0.0%

Summary: The 23231 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024	Apr 2024	CHANGE
32	44	+37.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in 23231, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in 23231 in April 2024, up by 37.5% month-over-month. Of the 44 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.

Days on Market for 23231, VA

How long does it take to sell a home in 23231, VA?

Average Sale Time

Apr 2023	Apr 2024	CHANGE
24 Days	31 Days	+28.5%

Summary: Homes in 23231 had an average of 31 days on market in Apr 2024, up by 28.5% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Key Takeaway

Many homes in 23231 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 44 homes were sold in 23231; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

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Newest Listings in 23231, VA

What homes are available in 23231, VA?

See More Listings

4 bedrooms, 3 full baths, 1 partial house for sale

$399,990

$4,750 Closing Credit

3 Full, 1 Partial

2,208 SqFt

7740 Bradbury Rd, Henrico VA, 23231

Jenny Maraghy

Listing Office:

Compass

$269,900

$3,205 Closing Credit

783 SqFt

1709 Eden Ave, Henrico VA, 23231

Lisa Overton

Listing Office:

Oakstone Properties

4 bedrooms, 3 full baths, 2 partial townhouse for sale

$872,500

$10,000 Closing Credit

3 Full, 2 Partial

3,376 SqFt

5124 Old Main St, Henrico VA, 23231

Terri Abernethy

Listing Office:

Shaheen Ruth Martin & Fonville

$200,000

Land

3.44 Acres

7575 Willson Rd, Henrico VA, 23231

Veronica Crump

Listing Office:

Keller Williams Realty

$250,000

$2,969 Closing Credit

930 SqFt

2401 Carlisle Ave, Richmond VA, 23231

K.C. Byrnes

Listing Office:

Blue Dog Properties

3 bedrooms, 2 full baths, 1 partial house for sale

$387,000

$4,596 Closing Credit

2 Full, 1 Partial

1,642 SqFt

2632 Butterbean Ct, Henrico VA, 23231

Tammy Tuthill

Listing Office:

Hometown Realty

5 bedrooms, 2 full baths, 1 partial house for sale

$459,000

$5,451 Closing Credit

2 Full, 1 Partial

3,291 SqFt

7124 Village Field Pl, Henrico VA, 23231

Tracy Girard

Listing Office:

Real Broker LLC

$199,950

$2,374 Closing Credit

1,050 SqFt

7272 Willson Rd, Henrico VA, 23231

Kenneth Storey

Listing Office:

Hometown Realty

$319,000

$3,788 Closing Credit

1,014 SqFt

210 Rocketts Way Unit 408, Henrico VA, 23231

Cassandra Snyder

Listing Office:

Long & Foster REALTORS

$399,950

$4,749 Closing Credit

2 Full, 1 Partial

1,904 SqFt

15241/2 National St, Richmond VA, 23231

Matt Jarreau

Listing Office:

Hometown Realty

$515,380

$6,120 Closing Credit

2,006 SqFt

1808 New Settlement Dr, Henrico VA, 23231

Stokes McCune

Listing Office:

Hometown Realty

$299,950

$3,562 Closing Credit

1,203 SqFt

1019 Garber St, Richmond VA, 23231

Doug Haver

Listing Office:

Brush Realty LLC

Nearby Markets to 23231, VA

MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, BrightMLS, and Real Estate Information Network for the period 05/01/2022 - 05/01/2024

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2024, 7:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2024, 7:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions.

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Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2024, 7:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.