Richmond, VA 23220 Real Estate & Property Data

Richmond, VA 23220 Real Estate Market Trends
Last Updated: September 20, 2025

A total of 498 residential properties have been sold over the past 12 months in 23220. With a median sales price of $475,000 in 23220 and a total of 1 foreclosures in Richmond, VA 23220. Discover market trends and get the granular level real estate data for Richmond, VA 23220 to keep your pulse on the housing market. Curate compelling home reports for Richmond, VA 23220 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Richmond, VA 23220 Real Estate Market Trends
Total Residential Properties 8,288
Total Commercial Properties 1,470
Avg. Home Age (Single Family Home) 83 Years
Avg. Square Feet (Single Family Home) 1,859
Total 2025 Residential Sales (year-to-date) 287
% of Homes Seriously Underwater (Q3 2025) 1.45%
Total 2024 Residential Sales 440
% of Equity Rich Homes (Q3 2025) 40.19%
Effective 2024 Property Tax 1.02%
Total Foreclosure Filings (year-to-date) 6
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Richmond, VA 23220 Real Estate Overview

There were 498 residential properties sold in the past year in Richmond, VA 23220. The median home value in Richmond, VA 23220 is $441,825. There are a total of 8,288 residential properties in the 23220.

Median Sales Price i
$475,000
(Jul 2025)
+33.8%
year-over-year
y-o-y
  • July '25 Jul '25 $475,000
  • June '25 Jun '25 $497,475
  • May '25 May '25 $632,500
  • April '25 Apr '25 $405,000
  • March '25 Mar '25 $479,900
  • February '25 Feb '25 $525,000
  • January '25 Jan '25 $699,900
  • December '24 Dec '24 $445,000
  • November '24 Nov '24 $653,000
  • October '24 Oct '24 $445,000
  • September '24 Sep '24 $566,000
  • August '24 Aug '24 $393,000
Median Down Payment i
$98,000
(Jul 2025)
+26.8%
year-over-year
y-o-y
  • July '25 Jul '25 $98,000
  • June '25 Jun '25 $75,250
  • May '25 May '25 $128,000
  • April '25 Apr '25 $80,000
  • March '25 Mar '25 $98,500
  • February '25 Feb '25 $75,200
  • January '25 Jan '25 $203,500
  • December '24 Dec '24 $107,000
  • November '24 Nov '24 $99,187
  • October '24 Oct '24 $90,625
  • September '24 Sep '24 $75,000
  • August '24 Aug '24 $81,000
Number of Homes Sold i
32
(Jul 2025)
-13.5%
year-over-year
y-o-y
  • July '25 Jul '25 32
  • June '25 Jun '25 52
  • May '25 May '25 50
  • April '25 Apr '25 53
  • March '25 Mar '25 41
  • February '25 Feb '25 27
  • January '25 Jan '25 32
  • December '24 Dec '24 33
  • November '24 Nov '24 39
  • October '24 Oct '24 48
  • September '24 Sep '24 25
  • August '24 Aug '24 29
Number of Purchase Loans i
21
(Jul 2025)
year-over-year
y-o-y
  • July '25 Jul '25 21
  • June '25 Jun '25 33
  • May '25 May '25 32
  • April '25 Apr '25 26
  • March '25 Mar '25 33
  • February '25 Feb '25 22
  • January '25 Jan '25 12
  • December '24 Dec '24 26
  • November '24 Nov '24 26
  • October '24 Oct '24 31
  • September '24 Sep '24 17
  • August '24 Aug '24 16
Number of REFI Loans i
11
(Jul 2025)
-8.3%
year-over-year
y-o-y
  • July '25 Jul '25 11
  • June '25 Jun '25 5
  • May '25 May '25 12
  • April '25 Apr '25 8
  • March '25 Mar '25 7
  • February '25 Feb '25 6
  • January '25 Jan '25 8
  • December '24 Dec '24 7
  • November '24 Nov '24 5
  • October '24 Oct '24 16
  • September '24 Sep '24 9
  • August '24 Aug '24 10
Number of HELOC Loans i
12
(Jul 2025)
-7.7%
year-over-year
y-o-y
  • July '25 Jul '25 12
  • June '25 Jun '25 13
  • May '25 May '25 8
  • April '25 Apr '25 6
  • March '25 Mar '25 13
  • February '25 Feb '25 3
  • January '25 Jan '25 9
  • December '24 Dec '24 9
  • November '24 Nov '24 5
  • October '24 Oct '24 3
  • September '24 Sep '24 10
  • August '24 Aug '24 8

Richmond, VA 23220 Foreclosure Activity

There were a total of 1 Richmond, VA 23220 properties with a foreclosure filing in July 2025.

Total Foreclosure Filings i
1
(Jul 2025)
-50%
year-over-year
y-o-y
  • July '25 Jul '25 1
  • June '25 Jun '25 1
  • May '25 May '25 1
  • April '25 Apr '25 2
  • March '25 Mar '25 1
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 2
  • November '24 Nov '24 1
  • October '24 Oct '24 N/A
  • September '24 Sep '24 2
  • August '24 Aug '24 1
Foreclosure Starts i
1
(Jul 2025)
-50%
year-over-year
y-o-y
  • July '25 Jul '25 1
  • June '25 Jun '25 1
  • May '25 May '25 1
  • April '25 Apr '25 2
  • March '25 Mar '25 1
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 2
  • November '24 Nov '24 1
  • October '24 Oct '24 N/A
  • September '24 Sep '24 2
  • August '24 Aug '24 1
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