ZIP 23221 (Richmond, VA) Housing Market & Real Estate Update — February 25, 2026
23221 – February 25, 2026 – ZIP 23221 (Richmond, VA) stays competitive: Jan median sold ~$663K, ~21 for sale on Zillow, rents ~$1,905, new listings light.
ZIP 23221 context: This is a Richmond, Virginia ZIP code, and the latest portal data still points to a competitive near-city market with tight supply and price sensitivity.
Top takeaways
- Prices are still high, but year-over-year comparisons are mixed (median sold price down YoY, price-per-sq-ft up).
- Homes that are priced right are still moving quickly, even as some sellers test higher list prices.
- Inventory remains limited: portals show only a few dozen active options, with just a handful of fresh new listings.
- Rents are holding firm, keeping the buy-versus-rent math front and center for locals.
Market snapshot (latest available)
Sales & pricing: Redfin’s ZIP-level tracking shows a January 2026 median sale price around $663K (down 8.5% year over year) with a median $371 per square foot (up 17.4% YoY). Redfin also reports 47 homes sold in January and an average 17 days on market for sold homes.
Listings & pace: Realtor.com’s December 2025 snapshot lists about 30 active listings and an average 72 days on market for listings, which can reflect a mix of pricing strategies (some homes selling fast, some sitting until a price adjustment).
Rentals: Realtor.com shows roughly 36 rental properties in the ZIP with a median rent near $1,905 per month for the December 2025 reporting period.
Permits, additions, and small projects (why it matters in 23221)
With a lot of older housing stock and high replacement costs, many homeowners in 23221 look at renovation instead of moving. If you’re considering an addition, an accessory structure, or a change of use, Richmond’s Planning & Development Review pages are a good starting point for zoning questions and for using the city’s online permit workflow.
What’s for sale nearby (no addresses)
Today’s inventory looks ‘thin but varied.’ Zillow’s 23221 search page shows about 21 for-sale results, spanning:
- Condos around the mid-$200Ks.
- Renovated 2–3 bedroom homes in the roughly $500K–$650K band.
- Higher-end single-family options pushing toward (and above) $1M.
For fresh supply, Redfin’s new-listings feed currently shows only a few new entries at once, which is typical for a smaller, in-demand ZIP.
ServiceXTC local pros
We did not find confirmed ServiceXTC directory provider pages that are clearly located in ZIP 23221 at publish time. If you’re a local home-service pro (inspection, roofing, HVAC, plumbing, electrical, moving, remodeling), consider adding your listing so residents can find you during spring buying and renovation season.
Sources
https://www.redfin.com/zipcode/23221/housing-market
https://www.realtor.com/local/market/virginia/zipcode-23221
https://www.zillow.com/richmond-va-23221/
https://www.redfin.com/zipcode/23221/new-listings
https://www.rva.gov/planning-development-review/zoning-administration
https://www.rva.gov/planning-development-review/permits-and-inspections
What are you seeing right now in 23221 — more price cuts, more bidding, or just not enough new listings?