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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henrico County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Henrico County, VA cost?

Median Sold Price

$369,004

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$41,312(+12.6%)

Key Takeaway

Homes in Henrico County have sold for 12.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $162.2K$177.5K
+9.4%
2 $215K$250K
+16.3%
3 $290.2K$323.6K
+11.5%
4 $389.8K$449.6K
+15.3%
5+ $625K$729.9K
+16.8%

Median Sold Price Compared To Nearby Counties

Henrico County
+12.6%
Hanover County
+12.1%
New Kent County
+11.4%
Chesterfield County
+11.2%
Charles City County
+10.4%

How many homes are available in Henrico County, VA?

Number of Homes For Sale

Oct 2022Nov 2022%
1,047938-10.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1413
-7.1%
2 128117
-8.6%
3 491441
-10.2%
4 297261
-12.1%
5+ 117106
-9.4%

Number of Homes Sold

Oct 2022Nov 2022%
316252-20.3%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

58 Homes Were Sold
At Asking

109 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henrico County, you could pay more than the asking price. 43.4% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days15 Days+3.4%

Breakdown of Home Sale Times

218 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Henrico County 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 County, VA

Henrico County, VA has 938 homes for sale to choose from. The number of listings in Henrico County, VA decreased by 10.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $369,004, while the average time on the real estate market was 15 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 9.4%, 2 bedrooms properties prices increased by 16.3%, prices of 3 bedrooms properties went up by 11.5%, 4 bedrooms properties prices increased by 15.3%, prices of 5 bedrooms properties went up by 16.8%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 7.1%, 2 bedrooms homes inventory decreased by 8.6%, 3 bedrooms homes became 10.2% less available, number of 4 bedrooms homes decreased by 12.1%, 5 bedrooms homes inventory decreased by 9.4%. While more than 109 listings in Henrico County, VA in November 2022 were sold above asking price, there were more than 58 listings sold at asking price, and more than 84 were sold below.

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