Is Henrico, VA 23238 a buyer’s or seller’s market?

The Henrico housing market right now

In the three months ending August 31, 2026, 45% of homes in Henrico, VA 23238 sold above their list price, the typical home went under contract in 14 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 98 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 52%, homes sold faster (16 days then) and the median sale price fell 3% to $509,779. Overall, Henrico is less competitive than a year ago, which gives buyers more room.

Within Goochland County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Henrico ranks #8 of 358 VA ZIP codes with enough sales (score 89 out of 100).

Nearby, buyers who want less competition could look at Oilville 23129 (0% sold over asking) or Goochland 23063 (32% sold over asking), while Columbia 23038 (50% sold over asking) is even more competitive.