Is Henrico, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Henrico has remained a Seller's Market.
Housing Prices in Henrico, VA
How much do homes in Henrico, VA cost?
Median Sold Price
$379,502
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Henrico was $379,502 in April 2024, up 8.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $225K | +21.6% |
2 Bedrooms | $250K | $258.3K | +3.3% |
3 Bedrooms | $310K | $335.5K | +8.2% |
4 Bedrooms | $438.8K | $476K | +8.5% |
5+ Bedrooms | $678K | $773.5K | +14.1% |
Summary: Henrico housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in Henrico, VA
How many homes are available in Henrico, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
601 | 671 | +11.6% |
Summary: The Henrico real estate market had 671 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 81 | 86 | +6.2% |
3 Bedrooms | 267 | 292 | +9.4% |
4 Bedrooms | 183 | 215 | +17.5% |
5+ Bedrooms | 66 | 75 | +13.6% |
Summary: The Henrico housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
148 | 210 | +41.9% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
121 Homes Were Sold
Over Asking
Summary: A total of 210 homes were sold or pending in Henrico in April 2024, up by 41.9% month-over-month. Of the 208 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for Henrico, VA
How long does it take to sell a home in Henrico, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 22 Days | +28.3% |
Summary: Homes in Henrico had an average of 22 days on market in Apr 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
175 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 210 homes were sold in Henrico; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.