Is Richmond, VA 23236 a buyer’s or seller’s market?
Richmond is a seller’s market. With about 1.4 months of supply and 44% 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 90% of U.S. ZIP codes, and #14 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 Richmond housing market right now
In the three months ending August 31, 2026, 44% of homes in Richmond, VA 23236 sold above their list price, the typical home went under contract in 15 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 118 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 39%, homes sold more slowly (12 days then) and the median sale price rose 2% to $399,827. Overall, Richmond is more competitive than a year ago, so tougher for buyers.
Within Chesterfield County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Richmond ranks #14 of 358 VA ZIP codes with enough sales (score 85 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) is even more competitive.
Run the numbers for 23236
Nearby markets
Chester 23831Seller’s market $207 /sq ftChester 23836Seller’s market $192 /sq ftChesterfield 23832Seller’s market $210 /sq ftChesterfield 23838Seller’s market $206 /sq ft Browse all markets →Towns like Richmond nearby
Find towns like Richmond in other states →Where Richmond is
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Questions about Richmond real estate
Is Richmond a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Richmond, VA 23236 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 Richmond?
The typical home went under contract in 15 days in the latest three months.
Do homes in Richmond sell over asking?
44% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.
What are property taxes in Richmond?
About 0.76% of a home’s value a year in Chesterfield County, or roughly $3,040 on a $400,000 home.
What is the median home price in Richmond?
The median sale price was $399,827 in the three months ending August 31, 2026, about $211 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