Is Henrico, VA 23229 a buyer’s or seller’s market?
Henrico is a seller’s market. With about 0.6 months of supply and 54% 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 98% of U.S. ZIP codes, and #3 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, 54% of homes in Henrico, VA 23229 sold above their list price, the typical home went under contract in 11 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 161 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (56% then), homes sold about as fast and the median sale price rose 13% to $547,013. Overall, Henrico is about as competitive as it was a year ago.
Within Henrico County, homes here sell faster than in 82% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Henrico ranks #3 of 358 VA ZIP codes with enough sales (score 95 out of 100).
Nearby, buyers who want less competition could look at Henrico 23075 (24% sold over asking) or Richmond 23223 (29% sold over asking).
Run the numbers for 23229
Nearby markets
Glen Allen 23060Seller’s market $224 /sq ftHenrico 23075Seller’s market $224 /sq ftHenrico 23228Seller’s market $235 /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
Loading map…
Questions about Henrico real estate
Is Henrico a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Henrico, VA 23229 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 11 days in the latest three months.
Do homes in Henrico sell over asking?
54% of homes sold above their original list price, and the typical sale closed at 103.7% 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 $547,013 in the three months ending August 31, 2026, about $303 per square foot.
Local agents
See all agents in 23229 →No sponsored agents in 23229 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 23229
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology