Midlothian has more listings, but homes are still moving
The three months ending July 31, 2026 told an interesting story here. The Real Estate Data Aggregator counted 390 homes for sale across Midlothian, up 10.8% from the same period a year before. At the same time, 666 homes sold, down just 4.6%. More choices for buyers, yes. But demand did not walk away.
One national number adds context. Realtor.com reported that active listings topped 1.16 million homes nationally in September 2026. Midlothian is part of that broader shift toward more supply. But the local numbers show this market is holding its own.
Rates are a real factor right now. CNBC reported the average contract rate on a 30-year fixed mortgage hit 7.30% as of September 30, 2026. Realtor.com noted rates climbed above 7% for the first time since January 2025. That slows some buyers. It has not stopped them here.
What the numbers show across Midlothian
Pending sales being down 4.3% is worth watching. It means fewer contracts signed, not zero. With 629 homes under contract in just three months, buyers are still active.
Each ZIP code tells its own story
Midlothian covers four ZIP codes, and they do not all read the same. Here is what the Real Estate Data Aggregator counted for each one, for the three months ending July 31, 2026.
| 23112 | 23113 | 23114 | 23238 | |
|---|---|---|---|---|
| Median sale price | $437,000 | $778,500 | $499,950 | $525,000 |
| Price change vs. last year | -4% | +10.5% | +8.7% | +1% |
| Homes sold | 292 | 113 | 141 | 120 |
| Median days on market | 15 | 13 | 20 | 13 |
| Sale to list price | 100.2% | 102% | 100.9% | 102.9% |
| Sold above list price | 41.4% | 49.6% | 46.8% | 51.7% |
ZIP 23113: prices up sharply, homes still moving fast
This is the higher-end corridor, with communities like Salisbury off Robious and the Powhite. The Real Estate Data Aggregator put the median sale price at $778,500, up 10.5% from a year before. That is a meaningful gain. Homes sold in a median of 13 days, unchanged from last year. Nearly half, 49.6%, sold above list price. Inventory rose 27.3%, giving buyers a few more options. But with only 1.9 months of supply, this ZIP is still tight.
ZIP 23114: more sales, a little more time to sell
ZIP 23114 covers parts of Midlothian closer to the Rt 60 corridor. The Real Estate Data Aggregator counted 141 homes sold, up 30.6% from a year before. That is the strongest sales growth of any ZIP here. Median days on market rose to 20, six days longer than last year. Prices climbed 8.7% to $499,950. Nearly half of homes, 46.8%, still closed above list. This ZIP is active, just moving at a slightly steadier pace.
ZIP 23112: the highest volume, and one price dip
ZIP 23112 includes newer communities along 288 and Hull Street, like Hallsley and Magnolia Green in the Moseley area, Cosby High School territory. The Real Estate Data Aggregator counted 292 homes sold here, more than any other ZIP. That is a lot of activity. The median sale price dipped 4% to $437,000. That is worth noting honestly. Still, 41.4% of homes sold above list, and the median days on market was just 15. Pricing matters more here right now.
ZIP 23238: the tightest supply, the strongest sale-to-list ratio
ZIP 23238 sits closer to the Henrico line, off Patterson and near the Far West End. The Real Estate Data Aggregator counted just 1.2 months of supply here, the lowest of any ZIP in this market. Homes for sale actually fell 14.3% from a year before. The sale-to-list ratio hit 102.9%, and 51.7% of homes sold above list. That is the highest of any ZIP here. Demand is real and supply is thin.
What this means if you are thinking about selling
More inventory does not mean a soft market. It means pricing and presentation matter more than they did two years ago. Realtor.com reported that 20.8% of listings nationally took a price cut in September 2026, the highest share since October 2022. That is a national figure, not a Midlothian one. But it is a signal. Homes that are priced right are still going fast. The ones that are not are sitting.
The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Midlothian's own numbers, especially in ZIP 23113 at plus 10.5%, are running well ahead of that national pace. That is a meaningful gap.
- Midlothian inventory rose 10.8% and sales dipped 4.6% in the three months ending July 31, 2026, according to the Real Estate Data Aggregator.
- But homes are still selling in 13 to 20 days, and most are closing at or above list price.
- This is an interesting market right now, and your specific street can read very differently from the ZIP code around it.
One street, one subdivision, one price point can tell a completely different story from the ZIP code around it. If you want to know exactly where your home sits in this market, I am glad to take a closer look.
Your next step
(703) 969-8837Text me your address and I will send back what your Midlothian home is worth against what homes near you actually sold for in the three months ending July 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 23113, 23114, 23112 and 23238, the three months ending July 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Sep 3, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: Redfin Reports U.S. Home Prices Rose 0.25% From a Month Earlier in August, Sep 22, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: August 2026 Rental Report: Rents Fall for 37th Straight Month as Concessions Give Renters More Leverage, Sep 17, 2026
- CNBC: Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard, Sep 30, 2026