Glen Allen Housing Update: Prices Dip Year-Over-Year, Inventory Steady
Glen Allen, VA – March 9, 2026 – Home prices eased from last year while listings held steady, keeping competition active in early 2026.
The Glen Allen, VA housing market is showing a mix of softer year-over-year pricing and steady buyer activity to start 2026.
Top takeaways
- Median sale price was about $385K in January, down roughly 10% from a year earlier.
- Homes sold in about 33 days on average, faster than last year.
- Sales volume increased year-over-year, signaling active demand.
- Inventory sat near 128 homes at the end of January.
Market snapshot
According to Redfin data for January 2026, the median sale price in Glen Allen was approximately $384,620, a 10.4% decline from January 2025. Despite lower prices, 28 homes sold during the month, up 40% from a year ago. Median days on market fell to 33 days, suggesting well-priced homes are still moving.
Zillow’s Home Value Index places the typical home value around $505,513, up 0.8% over the past year. Zillow reports a median list price near $501K and a median sale price near $483K at the end of 2025, with homes going pending in about 19 days. About 38% of recent sales closed above list price, while a similar share sold below, pointing to a more balanced environment than the peak frenzy years.
What’s for sale now
Active listings range from townhomes and smaller single-family homes in the $300Ks to larger properties above $800K. Recent examples on the market include:
- A 3-bedroom home listed just under $330K.
- Several 4-bedroom homes in the mid-$400Ks.
- Larger 5-bedroom properties priced around $800K and above.
With roughly 190 homes listed across major portals in early March, buyers have more options than in tighter years, but competitively priced homes can still attract quick interest.
Outlook
Year-over-year price declines may give buyers added negotiating leverage this spring, especially as inventory holds steady. At the same time, quicker selling times and rising sales volume suggest underlying demand remains healthy in this Henrico County community.
Are you seeing more price reductions, multiple offers, or longer listing times in your neighborhood?
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