New - 7 hours on Rocket
$7,422 Closing Credit¹
Stephen Wesson, Listing Office: Long & Foster REALTORS
Henrico County Housing Market Report December 2024•Henrico County, Virginia
Housing Prices in Henrico County, VA
How much do homes in Henrico County, VA cost?
Housing Market Conditions
Is Henrico County, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Henrico County is a Seller's Market
Difference Since December 2023
Since last year, Henrico County has remained a Seller's Market.
Insight
Henrico County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$430,774$236/SqFt
+$30,238
+7.5%
Based on all homes sold in the last 12 months
Insight
Homes in Henrico County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Henrico County was $430,774 in December 2024, up 7.5% from last year, and the median price per square foot was $236.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Henrico County | $400.5K | $430.7K | +7.5% |
| Hanover County | $430K | $459.8K | +6.9% |
| Chesterfield County | $390K | $414.8K | +6.4% |
| New Kent County | $410K | $425K | +3.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $201K | $202.5K | +0.7% |
| 22 Bedrooms | $263.5K | $290K | +10.0% |
| 33 Bedrooms | $359.9K | $385K | +7.0% |
| 44 Bedrooms | $484.8K | $510K | +5.2% |
| 55+ Bedrooms | $760K | $826K | +8.7% |
Summary: Henrico County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +0.7%. The home price for 2 bedroom homes increased by +10.0%. The home price for 3 bedroom homes increased by +7.0%. The home price for 4 bedroom homes increased by +5.2%. The home price for 5 bedroom homes increased by +8.7%.
Housing supply in Henrico County, VA
How many homes are available in Henrico County, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,019Last MonthDec 2024 | ||
| 1,1692 months agoNov 2024 | -12.8 % Change MoMNov – Dec |
Summary: The Henrico County real estate market had 1,019 homes for sale in Dec 2024, a 12.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 312Last MonthDec 2024 | ||
| 3272 months agoNov 2024 | -4.6 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 12 | 11 | -8.3% |
| 22 Bedrooms | 134 | 121 | -9.7% |
| 33 Bedrooms | 513 | 462 | -9.9% |
| 44 Bedrooms | 390 | 334 | -14.4% |
| 55+ Bedrooms | 120 | 91 | -24.2% |
Summary: Henrico County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -8.3%. The inventory for 2 bedroom homes decreased by -9.7%. The inventory for 3 bedroom homes decreased by -9.9%. The inventory for 4 bedroom homes decreased by -14.4%. The inventory for 5 bedroom homes decreased by -24.2%.
Asking Price vs. Sold Price
How much do homes in Henrico County, VA cost?
Over Asking Price118 Homes
At Asking Price76 Homes
Under Asking Price113 Homes
Insight
If you're buying a home in Henrico County, you could pay more than the asking price. 38.4% of homes here sold above asking price last month.
Summary: A total of 312 homes were sold or pending in Henrico County in December 2024, down by 4.6% month-over-month. Of the 307 sold homes, 37% were sold under asking, 25% were sold at asking, and and 38% were sold over asking.
Days on Market for Henrico County, VA
How long does it take to sell a home in Henrico County, VA?
Breakdown of Home Sale Times
Under 30 Days231 Homes
30 – 90 Days63 Homes
Over 90 Days14 Homes
Insight
Many homes in Henrico County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 312 homes were sold in Henrico County; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 23 DaysThis YearDec 2024 | ||
| 22 Days1 year agoDec 2023 | +5.4 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Henrico County had an average listing age of 23 days in Dec 2024, up by 5.4% compared to the previous year.
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Newest Listings in Henrico County, VA
What homes are available in Henrico County, VA?
New - 9 hours on Rocket
$4,274 Closing Credit¹
Bradley Boykin, Listing Office: ERA Woody Hogg & Assoc
New - 10 hours on Rocket
$5,332 Closing Credit¹
Ryan Hudson, Listing Office: ERA Woody Hogg & Assoc
New - 11 hours on Rocket
$6,851 Closing Credit¹
Kim Tierney, Listing Office: Virginia Colony Realty Inc
New - 11 hours on Rocket
$7,262 Closing Credit¹
Vladimir Slobodnik, Listing Office: Exit First Realty
New - 11 hours on Rocket
$4,036 Closing Credit¹
Norman Domingo, Listing Office: XRealty.NetLLC
New - 12 hours on Rocket
$7,232 Closing Credit¹
Vladimir Slobodnik, Listing Office: Exit First Realty
New - 12 hours on Rocket
$2,078 Closing Credit¹
Marc Austin Highfill, Listing Office: Exit First Realty
New - 12 hours on Rocket
$5,462 Closing Credit¹
Michael Whitten, Listing Office: Virginia Capital Realty
New - 13 hours on Rocket
$6,487 Closing Credit¹
Kim Tierney, Listing Office: Virginia Colony Realty Inc
New - 14 hours on Rocket
$10,000 Closing Credit¹
Debbie Gibbs, Listing Office: The Steele Group
New - 15 hours on Rocket3D tour
$3,063 Closing Credit¹
Jen Lowery, Listing Office: Redfin Corporation
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Based on information from Central Virginia Regional MLS, BrightMLS, Real Estate Information Network, and North Texas Real Estate Information Systems Inc. for the period 01/01/2023 - 01/01/2025
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 reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.