November 2022 vs November 2025: How The Market Has Evolved
Henrico County’s real estate market has seen its fair share of ups and downs over the last few years. As we compare data from November 2022 to November 2025, we’re noticing key trends that highlight both stability and strategic shifts in the market. Whether you’re considering buying or selling, understanding these trends is key to making the right move.
New Listings: Steady but Not Overwhelming
New listings have remained relatively steady over the last four years, with 2025 showing slightly fewer than 2024, but still staying ahead of the more fluctuating numbers from 2023.
- 2022: 294 new listings
- 2023: 328 new listings
- 2024: 304 new listings
- 2025: 282 new listings
🏡Fewer listings on the market means buyers may face more competition. Sells can still take advantage of this limited supply.
Pendings: Increased Buyer Activity
In 2025, pendings have seen an uptick, showing that buyer interest hasn’t slowed down, even as inventory has tightened a bit.
- 2022: 221 homes went under contract
- 2023: 308 homes went under contract
- 2024: 285 homes went under contract
- 2025: 294 homes went under contract
📈 Buyer activity in 2025 is stronger than in 2022, proving that demand is still healthy.
Sale Price vs List Price: Nearly at Asking
Homes are continuing to sell near their list price, with 2023 seeing a slight peak at 101.6%. However, even in 2025, sellers are still getting very close to their asking price.
- 2022: 100.6% of asking price
- 2023: 101.6% of asking price
- 2024: 100.4% of asking price
- 2025: 100.1% of asking price
✔️ Sellers are still in a great position to negotiate favorable deals.
Showings Per Listing: Slight Decline in Urgency
The number of showings per listing has dropped slightly over the years, signaling that buyers are being more intentional and selective when considering homes.
- 2022: 6.3 showings per listing
- 2023: 6.2 showings per listing
- 2024: 5.3 showings per listing
- 2025: 5.1 showings per listing
🔍 While buyers may take more time, they’re still serious about purchasing.
Homes Closed: Stable Market Activity
Closed sales have remained consistent, with a slight dip in 2025, but still above 2022 levels.
- 2022: 271 homes closed
- 2023: 284 homes closed
- 2024: 315 homes closed
- 2025: 293 homes closed
⚖️ Despite lower inventory, homes are still closing at a healthy rate, showing a stable market overall.
Days on Market: Homes Taking A Bit Longer To Sell
Homes are staying on the market longer than they did in 2022, with the average days on market climbing in 2025 to 28 days.
- 2022: 17 days on market
- 2023: 16 days on market
- 2024: 25 days on market
- 2025: 28 days on market
📆 Homes are taking longer to sell, but pricing correctly and staging well can still lead to fast sales.
Average Sales Price: Significant Growth
The average sales price in Henrico County has seen an increase of over $22,000 on average since 2022, with a significant peak in 2024 before adjusting in 2025.
- 2022: $424,549 average sales price
- 2023: $446,469 average sales price
- 2024: $482,612 average sales price
- 2025: $447,477 average sales price
🏦💵💵 While prices are still up compared to 2022, the market is stabilizing after a dramatic rise in 2024.
Active Listings & Inventory: Tight Market
Even though the number of active listings has increased slightly in 2025, the months of inventory remains low.
Active Listings:
- 2022: 511 Homes for sale at month end
- 2023: 505 Homes for sale at month end
- 2024: 418 Homes for sale at month end
- 2025: 408 Homes for sale at month end
Months of Inventory – the number of months it would take for all inventory to sell, assuming no new listings come on the market!
- 2022: 1.1 Months of Inventory
- 2023: 1.3 Months of Inventory
- 2024: 1.6 Months of Inventory
- 2025: 1.5 Months of Inventory
✨ A seller’s market still exists, with limited inventory making it a great time to sell.
🗝️ Bottom Line
Henrico County’s real estate market in November 2025 is marked by stability and more thoughtful buying and selling decisions. While inventory remains tight and prices are still relatively high, buyers can expect less competition than in 2022, and sellers still have an opportunity to take advantage of a strong demand.
Ready to make your move? Let’s talk about how you can navigate the current market trends!
