Is Henrico County, 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, 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
$410,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Henrico County was $410,000 in April 2024, up 9.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165.3K | $194.7K | +17.8% |
2 Bedrooms | $260K | $265K | +1.9% |
3 Bedrooms | $331.9K | $365K | +10.0% |
4 Bedrooms | $458.5K | $497K | +8.4% |
5+ Bedrooms | $731K | $788.3K | +7.8% |
Summary: Henrico County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Counties
Charles City County | $265K | $300K | +13.2% |
Henrico County | $375.3K | $410K | +9.2% |
Hanover County | $410K | $434K | +5.8% |
Chesterfield County | $374.8K | $390.8K | +4.3% |
New Kent County | $415K | $410.3K | -1.1% |
Housing Supply in Henrico County, VA
How many homes are available in Henrico County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,054 | 1,181 | +12.0% |
Summary: The Henrico County real estate market had 1,181 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 126 | 129 | +2.4% |
3 Bedrooms | 481 | 517 | +7.5% |
4 Bedrooms | 309 | 365 | +18.1% |
5+ Bedrooms | 131 | 164 | +25.2% |
Summary: The Henrico County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 25.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
264 | 339 | +28.4% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
196 Homes Were Sold
Over Asking
Summary: A total of 339 homes were sold or pending in Henrico County in April 2024, up by 28.4% month-over-month. Of the 335 sold homes, 23% were sold under asking, 19% were sold at asking, and 59% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 20 Days | +25.9% |
Summary: Homes in Henrico County had an average of 20 days on market in Apr 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
288 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 339 homes were sold in Henrico County; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.