Is Henrico, VA 23075 a buyer’s or seller’s market?
Henrico is a seller’s market. With about 2 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 69% of U.S. ZIP codes, and #147 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Henrico housing market right now
In the three months ending August 31, 2026, 24% of homes in Henrico, VA 23075 sold above their list price, the typical home went under contract in 15 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 34 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold more slowly (11 days then) and the median sale price rose 8% to $270,833. Overall, Henrico is less competitive than a year ago, which gives buyers more room.
Within Henrico County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Henrico ranks #147 of 358 VA ZIP codes with enough sales (score 66 out of 100).
Nearby, Henrico 23229 (54% sold over asking) and Richmond 23222 (47% sold over asking) are even more competitive.
Run the numbers for 23075
Nearby markets
Glen Allen 23060Seller’s market $224 /sq ftHenrico 23228Seller’s market $235 /sq ftHenrico 23229Seller’s market $303 /sq ftHenrico 23231Seller’s market $224 /sq ft Browse all markets →Towns like Henrico nearby
Find towns like Henrico in other states →Where Henrico is
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Questions about Henrico real estate
Is Henrico a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Henrico, VA 23075 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Henrico?
The typical home went under contract in 15 days in the latest three months.
Do homes in Henrico sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Henrico?
About 0.71% of a home’s value a year in Henrico County, or roughly $2,840 on a $400,000 home.
What is the median home price in Henrico?
The median sale price was $270,833 in the three months ending August 31, 2026, about $224 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology