Is Richmond, VA 23234 a buyer’s or seller’s market?

The Richmond housing market right now

In the three months ending August 31, 2026, 31% of homes in Richmond, VA 23234 sold above their list price, the typical home went under contract in 24 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 132 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold about as fast and the median sale price rose 6% to $334,350. Overall, Richmond is less competitive than a year ago, which gives buyers more room.

Within Chesterfield County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Richmond ranks #99 of 358 VA ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Moseley 23120 (24% sold over asking) or Chesterfield 23838 (28% sold over asking), while Richmond 23235 (51% sold over asking) and Midlothian 23113 (45% sold over asking) are even more competitive.