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Richmond, VA 23227 Real Estate & Property Data

Richmond, VA 23227 Real Estate Market Trends

Last Updated: September 20, 2025

A total of 338 residential properties have been sold over the past 12 months in 23227. With a median sales price of $349,900 in 23227 and a total of 2 foreclosures in Richmond, VA 23227. Discover market trends and get the granular level real estate data for Richmond, VA 23227 to keep your pulse on the housing market. Curate compelling home reports for Richmond, VA 23227 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 7,226

Total Commercial Properties 337

Avg. Home Age (Single Family Home) 66 Years

Avg. Square Feet (Single Family Home) 1,821

Total 2025 Residential Sales (year-to-date) 182

% of Homes Seriously Underwater (Q3 2025) 0.55%

Total 2024 Residential Sales 307

% of Equity Rich Homes (Q3 2025) 50.22%

Effective 2024 Property Tax 0.88%

Total Foreclosure Filings (year-to-date) 7

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Richmond, VA 23227 Real Estate Overview

There were 338 residential properties sold in the past year in Richmond, VA 23227. The median home value in Richmond, VA 23227 is $395,882. There are a total of 7,226 residential properties in the 23227.

Median Sales Price i

$349,900

(Jul 2025)

-12%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 $349,900
June '25 Jun '25 $372,750
May '25 May '25 $440,000
April '25 Apr '25 $383,500
March '25 Mar '25 $397,500
February '25 Feb '25 $338,500
January '25 Jan '25 $350,000
December '24 Dec '24 $477,500
November '24 Nov '24 $487,500
October '24 Oct '24 $409,975
September '24 Sep '24 $412,500
August '24 Aug '24 $384,388

Median Down Payment i

$52,500

(Jul 2025)

-4.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 $52,500
June '25 Jun '25 $33,750
May '25 May '25 $106,000
April '25 Apr '25 $84,935
March '25 Mar '25 $51,525
February '25 Feb '25 $33,965
January '25 Jan '25 $22,950
December '24 Dec '24 $89,000
November '24 Nov '24 $99,490
October '24 Oct '24 $66,375
September '24 Sep '24 $79,000
August '24 Aug '24 $85,000

Number of Homes Sold i

(Jul 2025)

+21.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 34
June '25 Jun '25 33
May '25 May '25 29
April '25 Apr '25 28
March '25 Mar '25 20
February '25 Feb '25 17
January '25 Jan '25 21
December '24 Dec '24 22
November '24 Nov '24 26
October '24 Oct '24 17
September '24 Sep '24 27
August '24 Aug '24 36

Number of Purchase Loans i

(Jul 2025)

+7.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 29
June '25 Jun '25 22
May '25 May '25 19
April '25 Apr '25 21
March '25 Mar '25 11
February '25 Feb '25 13
January '25 Jan '25 13
December '24 Dec '24 15
November '24 Nov '24 22
October '24 Oct '24 14
September '24 Sep '24 23
August '24 Aug '24 27

Number of REFI Loans i

(Jul 2025)

-35%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 13
June '25 Jun '25 9
May '25 May '25 16
April '25 Apr '25 14
March '25 Mar '25 15
February '25 Feb '25 18
January '25 Jan '25 17
December '24 Dec '24 13
November '24 Nov '24 16
October '24 Oct '24 22
September '24 Sep '24 12
August '24 Aug '24 17

Number of HELOC Loans i

(Jul 2025)

+30%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

July '25 Jul '25 13
June '25 Jun '25 6
May '25 May '25 8
April '25 Apr '25 4
March '25 Mar '25 12
February '25 Feb '25 5
January '25 Jan '25 5
December '24 Dec '24 8
November '24 Nov '24 3
October '24 Oct '24 8
September '24 Sep '24 14
August '24 Aug '24 3

Richmond, VA 23227 Real Estate Market Overview

Last 30 days

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Richmond, VA 23227 Foreclosure Activity

There were a total of 2 Richmond, VA 23227 properties with a foreclosure filing in July 2025. Lenders started the foreclosure process on 2 Richmond, VA 23227 properties and repossessed 1 Richmond, VA 23227 properties through completed foreclosures (REOs) in July 2025.

Total Foreclosure Filings i

(Jul 2025)

-33.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years