Richmond Metro Housing Market Report
Report period: July 2026
Richmond Metro Housing Market Report – July 2026
Richmond Metro · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$474,781
+0.5%
Median DOM (Sales)
25
+11.4%
New Listings (Sales)
539
−67.4%
Median Rent
$2,168
+6.0%
Median DOM (Rental)
17
−28.7%
Total Rental Listings
2,612
−0.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (20 DOM)
- Fastest renting: Condo (9 DOM)
- Strongest bedroom: 7 Beds ($1,593,369 median)
Sales Market Overview
Median Price
$474,781
+0.5%
Median DOM
25
+11.4%
New Listings
539
−67.4%
Inventory
5,001
−1.9%
- Average Price: $544,519
- Median Price: $474,781
- Price Range: $113,272 – $2,359,163
- Price per Sq Ft (Avg/Median): $256 / $251
- Square Footage (Avg/Median): 2,183 / 1,969
- Square Footage Range: 836 – 5,918
- Days on Market (Avg/Median): 42 / 25
- Days on Market Range: 2 – 255
- New Listings: 539
- Total Listings: 5,001
Sales by Property Type
Condo
Avg/Median Price$363,187 / $333,377Range$232,112 – $587,292Price per Sq Ft$255 / $252Sq Ft1,479 / 1,387DOM48 / 33New72Total506
Land
Avg/Median Price$344,536 / $217,438Range$133,947 – $756,796Price per Sq Ft—Sq Ft—DOM100 / 79New9Total210
Single Family
Avg/Median Price$602,254 / $521,330Range$220,115 – $2,183,383Price per Sq Ft$256 / $249Sq Ft2,339 / 2,122DOM35 / 20New325Total3,494
Townhouse
Avg/Median Price$485,101 / $470,441Range$354,472 – $686,491Price per Sq Ft$247 / $244Sq Ft1,920 / 1,837DOM43 / 30New133Total774
Manufactured
Avg/Median Price$333,044 / $314,609Range$304,589 – $364,489Price per Sq Ft$203 / $196Sq Ft1,679 / 1,676DOM67 / 36New0Total9
Multi-Family
Avg/Median Price$708,438 / $657,500Range$648,500 – $842,000Price per Sq Ft$346 / $327Sq Ft2,118 / 2,050DOM57 / 40New0Total8
Sales by Bedroom Count
1 Beds
Avg:$220,811Median:$212,290Range:$188,675 – $263,555PSF:$289 / $281Sq Ft:801 / 780DOM:42 / 28New:5Total:62
2 Beds
Avg:$349,090Median:$333,989Range:$235,983 – $514,359PSF:$276 / $264Sq Ft:1,290 / 1,222DOM:38 / 27New:58Total:507
3 Beds
Avg:$467,169Median:$425,548Range:$239,987 – $1,108,532PSF:$257 / $254Sq Ft:1,823 / 1,718DOM:40 / 22New:274Total:2,241
4 Beds
Avg:$647,702Median:$579,883Range:$337,669 – $1,460,612PSF:$242 / $237Sq Ft:2,609 / 2,452DOM:41 / 27New:138Total:1,391
5 Beds
Avg:$944,458Median:$835,273Range:$629,999 – $1,653,740PSF:$239 / $227Sq Ft:3,693 / 3,556DOM:42 / 28New:48Total:488
6 Beds
Avg:$1,324,450Median:$1,138,504Range:$935,037 – $2,040,532PSF:$241 / $222Sq Ft:4,805 / 4,569DOM:36 / 31New:7Total:89
7 Beds
Avg:$1,696,453Median:$1,593,369Range:$1,573,619 – $1,831,119PSF:$276 / $268Sq Ft:5,939 / 5,638DOM:52 / 44New:0Total:13
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $220,811 | $212,290 | $188,675 – $263,555 | $289 / $281 | 801 / 780 | 42 / 28 | 5 | 62 |
| 2 Beds | $349,090 | $333,989 | $235,983 – $514,359 | $276 / $264 | 1,290 / 1,222 | 38 / 27 | 58 | 507 |
| 3 Beds | $467,169 | $425,548 | $239,987 – $1,108,532 | $257 / $254 | 1,823 / 1,718 | 40 / 22 | 274 | 2,241 |
| 4 Beds | $647,702 | $579,883 | $337,669 – $1,460,612 | $242 / $237 | 2,609 / 2,452 | 41 / 27 | 138 | 1,391 |
| 5 Beds | $944,458 | $835,273 | $629,999 – $1,653,740 | $239 / $227 | 3,693 / 3,556 | 42 / 28 | 48 | 488 |
| 6 Beds | $1,324,450 | $1,138,504 | $935,037 – $2,040,532 | $241 / $222 | 4,805 / 4,569 | 36 / 31 | 7 | 89 |
| 7 Beds | $1,696,453 | $1,593,369 | $1,573,619 – $1,831,119 | $276 / $268 | 5,939 / 5,638 | 52 / 44 | 0 | 13 |
Rental Market Overview
Median Rent
$2,186
+6.0%
Median DOM
26
−28.7%
New Listings
616
Inventory
2,614
−0.6%
- Average Rent: $2,272
- Median Rent: $2,186
- Rent Range: $1,417 – $3,957
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,524 / 1,397
- Square Footage Range: 745 – 3,579
- Days on Market (Avg/Median): 46 / 26
- Days on Market Range: 17 – 226
- New Listings: 616
- Total Listings: 2,614
Rentals by Property Type
Apartment
$1,473
Median DOM: 71
Inventory: 878
MoM: +6.0%
Condo
$1,789
Median DOM: 9
Inventory: 430
MoM: +6.0%
Single Family
$2,470
Median DOM: 22
Inventory: 920
MoM: +6.0%
Townhouse
$2,293
Median DOM: 18
Inventory: 359
MoM: +6.0%
Apartment
Avg/Median Rent$1,580 / $1,473Range$1,214 – $2,292Rent per Sq Ft$2 / $2Sq Ft787 / 733DOM104 / 71New121Total878
Condo
Avg/Median Rent$1,866 / $1,789Range$1,452 – $2,682Rent per Sq Ft$2 / $2Sq Ft1,190 / 1,054DOM17 / 9New189Total430
Single Family
Avg/Median Rent$2,519 / $2,470Range$1,649 – $3,739Rent per Sq Ft$1 / $1Sq Ft1,805 / 1,702DOM34 / 22New245Total920
Townhouse
Avg/Median Rent$2,343 / $2,293Range$1,899 – $2,878Rent per Sq Ft$2 / $2Sq Ft1,493 / 1,451DOM33 / 18New59Total359
Multi-Family
Avg/Median Rent$1,603 / $1,566Range$1,375 – $1,902Rent per Sq Ft$2 / $2Sq Ft1,100 / 972DOM36 / 38New2Total27
Rentals by Bedroom Count
1 Beds
Avg:$1,380Median:$1,362Range:$1,096 – $1,792PSF:$2 / $2Sq Ft:771 / 731DOM:107 / 72New:106Total:592
2 Beds
Avg:$1,777Median:$1,712Range:$1,380 – $2,483PSF:$2 / $2Sq Ft:1,083 / 1,037DOM:34 / 13New:235Total:774
3 Beds
Avg:$2,358Median:$2,320Range:$1,807 – $3,134PSF:$2 / $2Sq Ft:1,619 / 1,564DOM:28 / 15New:172Total:805
6 Beds
Avg:$3,629Median:$3,590Range:$3,590 – $3,669PSF:$1 / $1Sq Ft:3,414 / 3,283DOM:10 / 10New:1Total:8
Studio
Avg:$1,421Median:$1,389Range:$1,245 – $1,647PSF:$3 / $3Sq Ft:472 / 459DOM:81 / 47New:18Total:87
4 Beds
Avg:$2,842Median:$2,744Range:$2,320 – $3,541PSF:$1 / $1Sq Ft:2,084 / 1,926DOM:30 / 19New:69Total:289
5 Beds
Avg:$3,800Median:$3,557Range:$3,455 – $4,234PSF:$1 / $1Sq Ft:3,033 / 2,872DOM:33 / 25New:15Total:58
7 Beds
Avg:$3,550Median:$3,550Range:$3,550 – $3,550PSF:$1 / $1Sq Ft:3,564 / 3,564DOM:58 / 58New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,380 | $1,362 | $1,096 – $1,792 | $2 / $2 | 771 / 731 | 107 / 72 | 106 | 592 |
| 2 Beds | $1,777 | $1,712 | $1,380 – $2,483 | $2 / $2 | 1,083 / 1,037 | 34 / 13 | 235 | 774 |
| 3 Beds | $2,358 | $2,320 | $1,807 – $3,134 | $2 / $2 | 1,619 / 1,564 | 28 / 15 | 172 | 805 |
| 6 Beds | $3,629 | $3,590 | $3,590 – $3,669 | $1 / $1 | 3,414 / 3,283 | 10 / 10 | 1 | 8 |
| Studio | $1,421 | $1,389 | $1,245 – $1,647 | $3 / $3 | 472 / 459 | 81 / 47 | 18 | 87 |
| 4 Beds | $2,842 | $2,744 | $2,320 – $3,541 | $1 / $1 | 2,084 / 1,926 | 30 / 19 | 69 | 289 |
| 5 Beds | $3,800 | $3,557 | $3,455 – $4,234 | $1 / $1 | 3,033 / 2,872 | 33 / 25 | 15 | 58 |
| 7 Beds | $3,550 | $3,550 | $3,550 – $3,550 | $1 / $1 | 3,564 / 3,564 | 58 / 58 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$435,251Median DOM:31New:1,184Total:3,730
Mar 2026
Median Price:$449,577Median DOM:24New:1,593Total:4,122
Apr 2026
Median Price:$466,382Median DOM:19New:1,746Total:4,615
May 2026
Median Price:$475,232Median DOM:20New:1,966Total:5,127
Jun 2026
Median Price:$472,234Median DOM:22New:1,654Total:5,097
Jul 2026
Median Price:$474,781Median DOM:25New:539Total:5,001
6-Month Rental Trend
Feb 2026
Median Rent:$2,016Median DOM:26New:853Total:2,128
Mar 2026
Median Rent:$2,015Median DOM:22New:1,012Total:2,295
Apr 2026
Median Rent:$2,034Median DOM:20New:1,123Total:2,565
May 2026
Median Rent:$2,011Median DOM:22New:1,108Total:2,618
Jun 2026
Median Rent:$2,045Median DOM:24New:1,096Total:2,629
Jul 2026
Median Rent:$2,168Median DOM:17New:616Total:2,612
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
ZIP Code Reports
Detailed reports for ZIP codes in Richmond Metro.