Richmond Metro Housing Market Report
Report period: August 2026
Richmond Metro Housing Market Report – August 2026
Richmond Metro · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$461,930
+0.9%
Median DOM (Sales)
29
+3.4%
New Listings (Sales)
484
−68.1%
Median Rent
$2,081
−4.9%
Median DOM (Rental)
21
+12.0%
Total Rental Listings
2,544
−0.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Condo (9 DOM)
- Strongest bedroom: 7 Beds ($1,497,655 median)
Sales Market Overview
Median Price
$461,930
+0.9%
Median DOM
29
+3.4%
New Listings
484
−68.1%
Inventory
4,872
−0.6%
- Average Price: $529,351
- Median Price: $461,930
- Price Range: $110,904 – $2,334,971
- Price per Sq Ft (Avg/Median): $256 / $250
- Square Footage (Avg/Median): 2,146 / 1,943
- Square Footage Range: 849 – 5,796
- Days on Market (Avg/Median): 46 / 29
- Days on Market Range: 2 – 259
- New Listings: 484
- Total Listings: 4,872
Sales by Property Type
Condo
Avg/Median Price$364,786 / $346,160Range$235,178 – $560,218Price per Sq Ft$253 / $251Sq Ft1,508 / 1,425DOM53 / 40New71Total526
Land
Avg/Median Price$361,276 / $198,086Range$122,782 – $753,585Price per Sq Ft—Sq Ft—DOM100 / 78New12Total216
Single Family
Avg/Median Price$588,817 / $507,340Range$216,917 – $2,186,773Price per Sq Ft$257 / $250Sq Ft2,296 / 2,097DOM41 / 26New290Total3,342
Townhouse
Avg/Median Price$487,239 / $472,515Range$359,514 – $683,869Price per Sq Ft$248 / $244Sq Ft1,917 / 1,842DOM49 / 34New110Total770
Manufactured
Avg/Median Price$356,330 / $331,999Range$322,024 – $417,022Price per Sq Ft$197 / $194Sq Ft1,800 / 1,760DOM63 / 54New0Total7
Multi-Family
Avg/Median Price$671,225 / $625,633Range$619,633 – $767,317Price per Sq Ft$306 / $290Sq Ft2,206 / 2,086DOM52 / 34New1Total11
Sales by Bedroom Count
1 Beds
Avg:$232,909Median:$225,550Range:$195,573 – $269,948PSF:$294 / $284Sq Ft:823 / 768DOM:55 / 40New:1Total:54
2 Beds
Avg:$337,078Median:$315,478Range:$234,812 – $496,932PSF:$266 / $251Sq Ft:1,284 / 1,197DOM:42 / 27New:47Total:492
3 Beds
Avg:$464,109Median:$430,458Range:$243,966 – $1,072,274PSF:$259 / $254Sq Ft:1,818 / 1,738DOM:46 / 29New:247Total:2,216
4 Beds
Avg:$637,416Median:$578,509Range:$363,941 – $1,386,089PSF:$243 / $236Sq Ft:2,571 / 2,457DOM:45 / 30New:140Total:1,329
5 Beds
Avg:$888,167Median:$728,247Range:$489,991 – $1,770,913PSF:$241 / $223Sq Ft:3,457 / 3,228DOM:45 / 28New:30Total:477
6 Beds
Avg:$1,178,302Median:$973,515Range:$754,195 – $1,722,645PSF:$224 / $218Sq Ft:4,506 / 4,162DOM:45 / 35New:7Total:77
7 Beds
Avg:$1,506,433Median:$1,497,655Range:$1,497,655 – $1,515,211PSF:$257 / $253Sq Ft:5,636 / 5,584DOM:51 / 51New:0Total:10
8 Beds
Avg:$1,222,000Median:$1,222,000Range:$1,222,000 – $1,222,000PSF:$354 / $354Sq Ft:3,455 / 3,455DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $232,909 | $225,550 | $195,573 – $269,948 | $294 / $284 | 823 / 768 | 55 / 40 | 1 | 54 |
| 2 Beds | $337,078 | $315,478 | $234,812 – $496,932 | $266 / $251 | 1,284 / 1,197 | 42 / 27 | 47 | 492 |
| 3 Beds | $464,109 | $430,458 | $243,966 – $1,072,274 | $259 / $254 | 1,818 / 1,738 | 46 / 29 | 247 | 2,216 |
| 4 Beds | $637,416 | $578,509 | $363,941 – $1,386,089 | $243 / $236 | 2,571 / 2,457 | 45 / 30 | 140 | 1,329 |
| 5 Beds | $888,167 | $728,247 | $489,991 – $1,770,913 | $241 / $223 | 3,457 / 3,228 | 45 / 28 | 30 | 477 |
| 6 Beds | $1,178,302 | $973,515 | $754,195 – $1,722,645 | $224 / $218 | 4,506 / 4,162 | 45 / 35 | 7 | 77 |
| 7 Beds | $1,506,433 | $1,497,655 | $1,497,655 – $1,515,211 | $257 / $253 | 5,636 / 5,584 | 51 / 51 | 0 | 10 |
| 8 Beds | $1,222,000 | $1,222,000 | $1,222,000 – $1,222,000 | $354 / $354 | 3,455 / 3,455 | 18 / 18 | 0 | 1 |
Rental Market Overview
Median Rent
$2,221
−4.9%
Median DOM
29
+12.0%
New Listings
526
Inventory
2,546
−0.2%
- Average Rent: $2,277
- Median Rent: $2,221
- Rent Range: $1,408 – $3,726
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,534 / 1,406
- Square Footage Range: 746 – 3,506
- Days on Market (Avg/Median): 49 / 29
- Days on Market Range: 18 – 236
- New Listings: 526
- Total Listings: 2,546
Rentals by Property Type
Apartment
$1,470
Median DOM: 86
Inventory: 871
MoM: −4.9%
Condo
$1,716
Median DOM: 9
Inventory: 397
MoM: −4.9%
Single Family
$2,468
Median DOM: 23
Inventory: 898
MoM: −4.9%
Townhouse
$2,284
Median DOM: 21
Inventory: 356
MoM: −4.9%
Apartment
Avg/Median Rent$1,538 / $1,470Range$1,211 – $2,154Rent per Sq Ft$2 / $2Sq Ft781 / 727DOM113 / 86New104Total871
Condo
Avg/Median Rent$1,844 / $1,716Range$1,411 – $2,682Rent per Sq Ft$2 / $2Sq Ft1,155 / 1,068DOM21 / 9New139Total397
Single Family
Avg/Median Rent$2,537 / $2,468Range$1,672 – $3,656Rent per Sq Ft$1 / $1Sq Ft1,825 / 1,666DOM37 / 23New226Total898
Townhouse
Avg/Median Rent$2,317 / $2,284Range$1,833 – $2,838Rent per Sq Ft$2 / $2Sq Ft1,511 / 1,434DOM35 / 21New56Total356
Multi-Family
Avg/Median Rent$1,640 / $1,583Range$1,503 – $1,860Rent per Sq Ft$2 / $2Sq Ft972 / 878DOM43 / 48New1Total24
Rentals by Bedroom Count
1 Beds
Avg:$1,395Median:$1,360Range:$1,109 – $1,785PSF:$2 / $2Sq Ft:772 / 730DOM:115 / 84New:82Total:575
2 Beds
Avg:$1,751Median:$1,686Range:$1,336 – $2,400PSF:$2 / $2Sq Ft:1,059 / 997DOM:40 / 18New:188Total:751
3 Beds
Avg:$2,351Median:$2,324Range:$1,774 – $3,087PSF:$2 / $2Sq Ft:1,623 / 1,551DOM:32 / 18New:162Total:794
4 Beds
Avg:$2,833Median:$2,712Range:$2,369 – $3,450PSF:$1 / $1Sq Ft:2,138 / 1,985DOM:32 / 21New:70Total:287
Studio
Avg:$1,449Median:$1,399Range:$1,310 – $1,667PSF:$3 / $3Sq Ft:462 / 446DOM:98 / 62New:15Total:79
5 Beds
Avg:$3,342Median:$3,179Range:$3,027 – $3,732PSF:$1 / $1Sq Ft:2,841 / 2,654DOM:30 / 24New:7Total:52
6 Beds
Avg:$3,903Median:$3,708Range:$3,708 – $4,099PSF:$1 / $1Sq Ft:4,658 / 4,273DOM:4 / 3New:2Total:7
7 Beds
Avg:$3,550Median:$3,550Range:$3,550 – $3,550PSF:$1 / $1Sq Ft:3,564 / 3,564DOM:71 / 71New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,395 | $1,360 | $1,109 – $1,785 | $2 / $2 | 772 / 730 | 115 / 84 | 82 | 575 |
| 2 Beds | $1,751 | $1,686 | $1,336 – $2,400 | $2 / $2 | 1,059 / 997 | 40 / 18 | 188 | 751 |
| 3 Beds | $2,351 | $2,324 | $1,774 – $3,087 | $2 / $2 | 1,623 / 1,551 | 32 / 18 | 162 | 794 |
| 4 Beds | $2,833 | $2,712 | $2,369 – $3,450 | $1 / $1 | 2,138 / 1,985 | 32 / 21 | 70 | 287 |
| Studio | $1,449 | $1,399 | $1,310 – $1,667 | $3 / $3 | 462 / 446 | 98 / 62 | 15 | 79 |
| 5 Beds | $3,342 | $3,179 | $3,027 – $3,732 | $1 / $1 | 2,841 / 2,654 | 30 / 24 | 7 | 52 |
| 6 Beds | $3,903 | $3,708 | $3,708 – $4,099 | $1 / $1 | 4,658 / 4,273 | 4 / 3 | 2 | 7 |
| 7 Beds | $3,550 | $3,550 | $3,550 – $3,550 | $1 / $1 | 3,564 / 3,564 | 71 / 71 | 0 | 1 |
6-Month Sales Trend
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:$457,584Median DOM:28New:1,515Total:4,902
Aug 2026
Median Price:$461,930Median DOM:29New:484Total:4,872
6-Month Rental Trend
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:$2,188Median DOM:18New:1,015Total:2,548
Aug 2026
Median Rent:$2,081Median DOM:21New:526Total:2,544
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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.