Henrico Housing Market Report February 2025•Henrico County, Virginia

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Housing Prices in Henrico, VA

How much do homes in Henrico, VA cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Henrico is a Seller's Market

Difference Since February 2024

Since last year, Henrico has remained a Seller's Market.

Insight

Henrico is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$400,341$231/SqFt
+$25,225
+6.7%

Based on all homes sold in the last 12 months

Insight

Homes in Henrico have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Henrico was $400,341 in February 2025, up 6.7% from last year, and the median price per square foot was $231.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Varina
+10.3%
Richmond
+9.0%
Richmond
+7.6%
Henrico
+6.7%
Fairfield
+1.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$253.2K$211.9K
-16.3%
2$252.8K$285K
+12.7%
3$334.9K$360.3K
+7.6%
4$468K$478.9K
+2.3%
5$765K$780K
+2.0%

Summary: Henrico housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -16.3%. The home price for 2 bedroom homes increased by +12.7%. The home price for 3 bedroom homes increased by +7.6%. The home price for 4 bedroom homes increased by +2.3%. The home price for 5 bedroom homes increased by +2.0%.

Housing supply in Henrico, VA

How many homes are available in Henrico, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
555Last MonthFeb 2025
5182 months agoJan 2025
+7.1 %
Change MoMJan – Feb

Summary: The Henrico real estate market had 555 homes for sale in Feb 2025, a 7.1 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
116Last MonthFeb 2025
1372 months agoJan 2025
-15.3 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
154
-20.0%
28785
-2.3%
3246265
+7.7%
4150166
+10.7%
53035
+16.7%

Summary: Henrico housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes decreased by -2.3%. The inventory for 3 bedroom homes increased by +7.7%. The inventory for 4 bedroom homes increased by +10.7%. The inventory for 5 bedroom homes increased by +16.7%.

Asking Price vs. Sold Price

How much do homes in Henrico, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price44 Homes

At Asking Price34 Homes

Under Asking Price38 Homes

Insight

If you're buying a home in Henrico, you could pay more than the asking price. 37.9% of homes here sold above asking price last month.

Summary: A total of 116 homes were sold or pending in Henrico in February 2025, down by 15.3% month-over-month. Of the 116 sold homes, 33% were sold under asking, 29% were sold at asking, and and 38% were sold over asking.

Days on Market for Henrico, VA

How long does it take to sell a home in Henrico, VA?

Breakdown of Home Sale Times

Under 30 Days80 Homes

30 – 90 Days21 Homes

Over 90 Days15 Homes

Insight

Many homes in Henrico are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 116 homes were sold in Henrico; 69% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
35 DaysThis YearFeb 2025
20 Days1 year agoFeb 2024
+75.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Henrico had an average listing age of 35 days in Feb 2025, up by 75.9% compared to the previous year.

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Newest Listings in Henrico, VA

What homes are available in Henrico, VA?

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Nearby markets

Popular Cities with Homes for Sale in Virginia

MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, BrightMLS, and Real Estate Information Network for the period 03/01/2023 - 03/01/2025

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 3:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

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Last updated on: 3/4/2025, 3:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Some properties which appear for sale on this website have subsequently sold or may no longer be available. REIN updates its listings on a daily basis.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.