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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henrico is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Henrico, VA cost?

Median Sold Price

$309,975

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$35,507(+12.9%)

Key Takeaway

Homes in Henrico have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $165K$214K
+29.7%
2 $181.7K$215.2K
+18.4%
3 $245K$280K
+14.3%
4 $349.9K$385.3K
+10.1%
5+ $568K$635K
+11.8%

Median Sold Price Compared To Nearby Cities

Henrico
+12.9%
Varina
+11.1%
Richmond
+10.1%
Fairfield
+8.0%
Richmond
+7.1%

How many homes are available in Henrico, VA?

Number of Homes For Sale

Mar 2022Apr 2022%
657717+9.1%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 46
+50.0%
2 9195
+4.4%
3 299333
+11.4%
4 189209
+10.6%
5+ 7474
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
211206-2.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

170 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henrico, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
15 Days10 Days-36.2%

Breakdown of Home Sale Times

194 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Henrico, VA

There are 717 homes are for sale in Henrico, VA real estate market. The number of listings in Henrico, VA increased by 9.1% between March 2022 and April 2022. In April 2022 median list price was $309,975 and the average listing age was 10 days. Listing prices have changed in this real estate market between March 2022 and April 2022: prices of 1 bedroom properties increased by 29.7%, prices of 2 bedrooms properties increased by 18.4%, prices of 3 bedrooms properties increased by 14.3%, prices of 4 bedrooms properties went up by 10.1%, the cost of 5 bedrooms properties went up by 11.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 50%, number of 2 bedrooms homes increased by 4.4%, the quantity of 3 bedrooms homes went up by 11.4%, number of 4 bedrooms homes increased by 10.6%, volume of 5 bedrooms homes stayed the same. Over 170 listings were sold over their listed price in April 2022 in Henrico, VA. In the same period over 9 listings were sold below the listed price and 22 listings were sold for the listed price.

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