Is Henrico County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Henrico County has remained a Seller's Market.
Housing Prices in Henrico County, VA
How much do homes in Henrico County, VA cost?
Median Sold Price
$419,003
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Henrico County was $419,003 in June 2024, up 9.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169.9K | $200K | +17.7% |
2 Bedrooms | $256.3K | $271K | +5.7% |
3 Bedrooms | $340K | $370K | +8.8% |
4 Bedrooms | $462.2K | $499.9K | +8.2% |
5+ Bedrooms | $729.9K | $820.6K | +12.4% |
Summary: Henrico County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Counties
Charles City County | $257.5K | $315K | +22.3% |
Henrico County | $382.2K | $419K | +9.6% |
Chesterfield County | $377.5K | $398.5K | +5.6% |
Hanover County | $420.9K | $440.2K | +4.6% |
New Kent County | $419.9K | $424.5K | +1.1% |
Housing Supply in Henrico County, VA
How many homes are available in Henrico County, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,339 | 1,297 | -3.1% |
Summary: The Henrico County real estate market had 1,297 homes for sale in June 2024, a 3.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 128 | 115 | -10.2% |
3 Bedrooms | 607 | 609 | 0.3% |
4 Bedrooms | 394 | 372 | -5.6% |
5+ Bedrooms | 197 | 188 | -4.6% |
Summary: The Henrico County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 4.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
420 | 370 | -11.9% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
221 Homes Were Sold
Over Asking
Summary: A total of 370 homes were sold or pending in Henrico County in June 2024, down by 11.9% month-over-month. Of the 367 sold homes, 23% were sold under asking, 17% were sold at asking, and 60% were sold over asking.
Days on Market for Henrico County, VA
How long does it take to sell a home in Henrico County, VA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 18 Days | +40.5% |
Summary: Homes in Henrico County had an average of 18 days on market in Jun 2024, up by 40.5% compared to last year.
Breakdown of Home Sale Times
321 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During June 2024, 370 homes were sold in Henrico County; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.