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Is Henrico, NC 27842 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Henrico is a buyer’s market. With about 6.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.7%Sold price ÷ list price
Median days on market139Listing to accepted offer
Median price per sq ft$317▼ −16.7% vs. last year

The Henrico housing market right now

In the three months ending August 31, 2026, 0% of homes in Henrico, NC 27842 sold above their list price, the typical home went under contract in 139 days and there were 6.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (23 days then) and the median sale price fell 37% to $536,768. Overall, Henrico is less competitive than a year ago, which gives buyers more room.

Within Northampton County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Conway 27820 (20% sold over asking) is even more competitive.

Run the numbers for 27842

Prefilled for 27842Can I win this house?Multiple-offer likelihood for a listing Prefilled for 27842Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Conway 27820Seller’s market $123 /sq ftGarysburg 27831 — /sq ftGaston 27832 — /sq ftJackson 27845 — /sq ft Browse all markets →

Towns like Henrico nearby

Find towns like Henrico in other states →
Bracey, VA23919 · 14 miles away52% similarcheaper homes ($191K less) · younger residents Dewitt, VA23840 · 38 miles away47% similarcheaper homes ($212K less) · younger residents Clarksville, VA23927 · 40 miles away47% similarcheaper homes ($195K less) · larger Boydton, VA23917 · 30 miles away45% similarcheaper homes ($289K less) · larger

Where Henrico is

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Questions about Henrico real estate

Is Henrico a buyer’s or seller’s market?

A buyer’s market: there were 6.9 months of supply in Henrico, NC 27842 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 139 days in the latest three months.

Do homes in Henrico sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.7% of the list price.

What are property taxes in Henrico?

About 1.08% of a home’s value a year in Northampton County, or roughly $4,320 on a $400,000 home.

What is the median home price in Henrico?

The median sale price was $536,768 in the three months ending August 31, 2026, about $317 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