Published October 26, 2026 in Market Update

Eastern Henrico has more listings, but not every part is moving the same way

By Mike Boone

Real estate, DOTW + Market Udates: Eastern Henrico

More homes are coming to market in Eastern Henrico. That is good news for buyers. But more supply does not mean every ZIP code has slowed at the same pace. The numbers tell three different stories.

VAR reported 30,001 active listings across Virginia by the end of September 2026. Locally, the Real Estate Data Aggregator counted 266 new listings and 175 homes for sale across Eastern Henrico in the three months ending August 31, 2026.

The three ZIP codes, side by side

ZIP 23075: the tightest supply in the area

The Real Estate Data Aggregator counted just 2 months of supply in 23075 for the three months ending August 31, 2026. That is the lowest of the three ZIP codes here. Prices rose 8.4% from the same period a year before, reaching a median of $270,975. Homes sat on the market a median of 17 days. That is quick.

Not everything points up. Homes sold fell 10.5% from a year before, and pending sales dropped 16.2%. The share of homes that went under contract within two weeks fell 10 points, to 38.7%. Buyers have a little more room than they did.

ZIP 23150 (Sandston): more time on market

Sandston tells a slower story. The Real Estate Data Aggregator recorded a median of 35 days on market in 23150, 13 days longer than the same period in 2025. Supply sits at 2.8 months. The median sale price rose 6.1% to $328,720, so prices are still moving up.

Homes sold dropped 27.1% from a year before. New listings fell 42.7%. Fewer homes came to market, and fewer sold. The share going under contract within two weeks fell 13.2 points to 27.1%. Sellers here need to price carefully.

ZIP 23231: the most active, with a price dip

ZIP 23231 is the largest part of this market. The Real Estate Data Aggregator counted 112 homes sold and 167 new listings in the three months ending August 31, 2026. New listings rose 22.8% from a year before. Supply reached 2.9 months, up 0.6 months.

The median sale price dipped 1% to $360,000. That is a small move, but it is the only ZIP here where prices fell. On the other hand, homes sold at exactly 100% of list price on average, and 40.5% went under contract within two weeks, up 5.9 points from 2025. Well-priced homes are still moving fast.

What the wider market is doing

The National Association of Realtors reported existing-home sales rose 1.5% in September 2026, reaching 3.99 million units. Inventory nationally rose to 1.60 million homes. More supply is showing up at every level.

Freddie Mac put the average 30-year fixed rate at 7.32% as of October 22, 2026. The 15-year averaged 6.68%. Rates remain a real factor in what buyers can afford and how long homes sit.

What this means for you

If you are a seller in 23075, supply is still tight and prices rose 8.4%. That is a different position than a seller in 23150, where homes took 35 days and fewer buyers came to the table.

If you are a buyer, 23231 added the most new listings and has the most supply. That gives you more options and a little more time. But 40.5% of homes there still went under contract within two weeks. Do not assume you have unlimited time.