23225 — Richmond city, Virginia Market Snapshot
Housing market data for zip code 23225 in Richmond city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
13 sales in 2026 (year to date)
Median Sale Price
$377,990
Days to Sell
60
Homes Sold
13
Inventory
4
Sale-to-List
98.6%
New Listings
13
Price/SqFt
$201
Pending Sales
12
Conforming Loan Available
Most homebuyers in 23225 can comfortably use conventional financing. The median home price of $377,990 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 60 days on average, 23225 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 23225 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23225 can comfortably use conventional financing. The median home price of $377,990 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 23225 are set at the county level.
2026 Loan Limits — Richmond city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $707,250 |
| 2 Units | $1,066,250 | $905,400 |
| 3 Units | $1,288,800 | $1,094,450 |
| 4 Units | $1,601,750 | $1,360,100 |
Affordability Snapshot — Zip 23225
To purchase the median home at $377,990 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,046.
Monthly Payment
$3,046
Income Required
$130,544
Principal & Interest
$2,329/mo
Down Payment (5%)
$18,900
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 23225.
Estimated Monthly Payment
$2,489
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