$4,571 Closing Credit*
$384,950
1,453 SqFt
3 Beds
•2 Full Baths, 1 Partial
Matt Jarreau, Listing Office: Hometown Realty
Is Henrico, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Henrico has remained a Seller's Market.
Key Takeaway
Henrico is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Henrico, VA
How much do homes in Henrico, VA cost?
Median Sold Price
$399,996
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,945(+11.1%)
Key Takeaway
Homes in Henrico have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Henrico was $399,996 in November 2024, up 11.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $216K | +12.2% |
| 2 Bedrooms | $249.3K | $275K | +10.3% |
| 3 Bedrooms | $325K | $359.8K | +10.7% |
| 4 Bedrooms | $466.9K | $474.4K | +1.6% |
| 5+ Bedrooms | $767.5K | $780K | +1.6% |
Summary: Henrico housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in Henrico, VA
How many homes are available in Henrico, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 716 | 698 | -2.5% |
Summary: The Henrico real estate market had 698 homes for sale in November 2024, a 2.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 97 | 96 | -1.0% |
| 3 Bedrooms | 304 | 303 | -0.3% |
| 4 Bedrooms | 242 | 220 | -9.1% |
| 5+ Bedrooms | 66 | 71 | +7.6% |
Summary: The Henrico housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 162 | 196 | +21.0% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
74 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Henrico, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.
Summary: A total of 196 homes were sold or pending in Henrico in November 2024, up by 21.0% month-over-month. Of the 193 sold homes, 39% were sold under asking, 22% were sold at asking, and 38% were sold over asking.
Days on Market for Henrico, VA
How long does it take to sell a home in Henrico, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +32.8% |
Summary: Homes in Henrico had an average of 23 days on market in Nov 2024, up by 32.8% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Henrico are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 196 homes were sold in Henrico; 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.
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