Richmond, VA 23225 Real Estate Market Report
ZIP Code: 23225
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Richmond, VA are averaging 6.4%, reflecting a stable market environment for property owners compared to earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market value is the median sold price 375,000, which reflects recent transaction activity; paired with a median days on market of 247, this suggests slower sales velocity rather than rapid turnover.
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The median listing price 339,950 sits below the median sold price 375,000, a divergence that may indicate sampling differences or pricing friction between seller expectations and final sale levels, so underwriters should prefer sold-price comps for valuation.
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The median price per square foot 246 and median market rent 1,679 both support the view of stable underlying value drivers; combined with rent year-over-year trend being up, this suggests continued rental demand that can underpin long-term price stability.
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Market temperature is reported as neutral with price year-over-year trend noted as up and interest rate pressure as moderate (current 30-year fixed mortgage rates averaging 6.4%); this configuration implies a balanced market where pricing is stable but sensitive to rate movement, so consider conservative financing stress tests for acquisitions.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold at market average
Sold above market average
Sold at market average
Sold below market average
Sold below market average
Richmond, VA 23225 Real Estate Market Report
ZIP Code: 23225
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Richmond, VA are averaging 6.4%, reflecting a stable market environment for property owners compared to earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market value indicator is the $259,000 median sold price, which represents the most recent transactional benchmark for SFR and condo sales and suggests pricing stability given the broader neutral market temperature.
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With a 360 median days on market, transaction velocity appears slow relative to typical turnover expectations, which may indicate increased buyer selectivity or pricing friction and suggests sellers should consider targeted pricing or repairs to accelerate offers. moderate interest rate pressure (current mortgage environment noted at 6.4%) may be contributing to this slower velocity.
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The $190 median price per square foot, combined with an upward price year-over-year trend, indicates steady per-unit value appreciation; investors and pricing strategists should prioritize comparable per-square-foot justification when setting offers or listing prices. up
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Rental fundamentals show a $1,050 median market rent with rent year-over-year trending up, signaling stronger cashflow prospects for landlord-occupied units; however, evaluate acquisition pricing against the measured sales pace to ensure hold-period assumptions remain realistic.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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