ZIP 23005 Housing Market Report
Richmond Metro
Report period: May 2026
23005 Monthly Market Update – May 2026
ZIP 23005 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$425,000
+2.4%
Median DOM (Sales)
29
0.0%
New Listings (Sales)
13
−51.9%
Median Rent
$1,895
0.0%
Median DOM (Rental)
29
+31.8%
Total Rental Listings
28
0.0%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Single Family (13 DOM)
- Strongest bedroom: 5 Beds ($899,000 median)
Sales Market Overview
Median Price
$425,000
+2.4%
Median DOM
29
0.0%
New Listings
13
−51.9%
Inventory
106
+2.9%
- Average Price: $546,613
- Median Price: $425,000
- Price Range: $95,000 – $2,100,000
- Price per Sq Ft (Avg/Median): $265 / $271
- Square Footage (Avg/Median): 2,174 / 1,748
- Square Footage Range: 829 – 6,072
- Days on Market (Avg/Median): 59 / 29
- Days on Market Range: 2 – 341
- New Listings: 13
- Total Listings: 106
Sales by Property Type
Condo
Avg/Median Price$325,410 / $330,000Range$249,900 – $414,950Price per Sq Ft$274 / $279Sq Ft1,205 / 1,156DOM108 / 98New1Total26
Land
Avg/Median Price$327,089 / $325,000Range$95,000 – $749,950Price per Sq Ft—Sq Ft—DOM74 / 91New1Total9
Single Family
Avg/Median Price$683,027 / $569,950Range$250,000 – $2,100,000Price per Sq Ft$265 / $253Sq Ft2,609 / 2,520DOM43 / 21New10Total65
Townhouse
Avg/Median Price$356,633 / $350,000Range$295,000 – $440,000Price per Sq Ft$220 / $202Sq Ft1,658 / 1,576DOM13 / 6New1Total6
Sales by Bedroom Count
1 Beds
Avg:$272,960Median:$269,900Range:$249,900 – $295,000PSF:$298 / $301Sq Ft:916 / 960DOM:85 / 89New:0Total:5
2 Beds
Avg:$348,126Median:$340,000Range:$295,000 – $509,900PSF:$275 / $277Sq Ft:1,270 / 1,256DOM:100 / 74New:3Total:21
3 Beds
Avg:$431,075Median:$399,950Range:$250,000 – $725,000PSF:$256 / $251Sq Ft:1,729 / 1,582DOM:32 / 12New:5Total:33
4 Beds
Avg:$812,045Median:$685,000Range:$400,000 – $1,680,000PSF:$264 / $248Sq Ft:3,098 / 2,848DOM:51 / 23New:3Total:33
5 Beds
Avg:$1,177,225Median:$899,000Range:$799,900 – $2,100,000PSF:$270 / $220Sq Ft:4,214 / 3,630DOM:23 / 9New:1Total:4
6 Beds
Avg:$589,949Median:$589,949Range:$589,949 – $589,949PSF:$168 / $168Sq Ft:3,512 / 3,512DOM:226 / 226New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $272,960 | $269,900 | $249,900 – $295,000 | $298 / $301 | 916 / 960 | 85 / 89 | 0 | 5 |
| 2 Beds | $348,126 | $340,000 | $295,000 – $509,900 | $275 / $277 | 1,270 / 1,256 | 100 / 74 | 3 | 21 |
| 3 Beds | $431,075 | $399,950 | $250,000 – $725,000 | $256 / $251 | 1,729 / 1,582 | 32 / 12 | 5 | 33 |
| 4 Beds | $812,045 | $685,000 | $400,000 – $1,680,000 | $264 / $248 | 3,098 / 2,848 | 51 / 23 | 3 | 33 |
| 5 Beds | $1,177,225 | $899,000 | $799,900 – $2,100,000 | $270 / $220 | 4,214 / 3,630 | 23 / 9 | 1 | 4 |
| 6 Beds | $589,949 | $589,949 | $589,949 – $589,949 | $168 / $168 | 3,512 / 3,512 | 226 / 226 | 0 | 1 |
Rental Market Overview
Median Rent
$1,895
0.0%
Median DOM
29
+31.8%
New Listings
1
Inventory
28
0.0%
- Average Rent: $2,041
- Median Rent: $1,895
- Rent Range: $1,000 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,220 / 1,050
- Square Footage Range: 516 – 3,648
- Days on Market (Avg/Median): 51 / 29
- Days on Market Range: 1 – 347
- New Listings: 1
- Total Listings: 28
Rentals by Property Type
Apartment
$1,417
Median DOM: 246
Inventory: 4
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,500
Median DOM: 13
Inventory: 10
MoM: 0.0%
Townhouse
$1,895
Median DOM: 29
Inventory: 14
MoM: 0.0%
Apartment
Avg/Median Rent$1,409 / $1,417Range$1,000 – $1,794Rent per Sq Ft$2 / $2Sq Ft698 / 560DOM198 / 246New0Total4
Single Family
Avg/Median Rent$2,363 / $2,500Range$1,300 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,545 / 1,280DOM16 / 13New1Total10
Townhouse
Avg/Median Rent$1,992 / $1,895Range$1,799 – $2,590Rent per Sq Ft$2 / $2Sq Ft1,137 / 1,050DOM45 / 29New0Total14
Rentals by Bedroom Count
1 Beds
Avg:$1,286Median:$1,300Range:$1,000 – $1,426PSF:$2 / $2Sq Ft:652 / 560DOM:87 / 14New:0Total:4
2 Beds
Avg:$1,874Median:$1,895Range:$1,550 – $1,995PSF:$2 / $2Sq Ft:1,030 / 1,050DOM:63 / 29New:0Total:14
3 Beds
Avg:$2,474Median:$2,500Range:$2,000 – $2,800PSF:$2 / $2Sq Ft:1,498 / 1,492DOM:23 / 9New:1Total:9
6 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:$1 / $1Sq Ft:3,648 / 3,648DOM:33 / 33New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,286 | $1,300 | $1,000 – $1,426 | $2 / $2 | 652 / 560 | 87 / 14 | 0 | 4 |
| 2 Beds | $1,874 | $1,895 | $1,550 – $1,995 | $2 / $2 | 1,030 / 1,050 | 63 / 29 | 0 | 14 |
| 3 Beds | $2,474 | $2,500 | $2,000 – $2,800 | $2 / $2 | 1,498 / 1,492 | 23 / 9 | 1 | 9 |
| 6 Beds | $3,500 | $3,500 | $3,500 – $3,500 | $1 / $1 | 3,648 / 3,648 | 33 / 33 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$399,950Median DOM:69New:11Total:88
Jan 2026
Median Price:$380,000Median DOM:57New:25Total:86
Feb 2026
Median Price:$389,999Median DOM:54New:15Total:86
Mar 2026
Median Price:$419,950Median DOM:43New:31Total:94
Apr 2026
Median Price:$414,950Median DOM:29New:27Total:103
May 2026
Median Price:$425,000Median DOM:29New:13Total:106
6-Month Rental Trend
Dec 2025
Median Rent:$1,750Median DOM:14New:10Total:16
Jan 2026
Median Rent:$1,750Median DOM:23New:5Total:17
Feb 2026
Median Rent:$1,850Median DOM:18New:7Total:20
Mar 2026
Median Rent:$1,895Median DOM:16New:7Total:19
Apr 2026
Median Rent:$1,895Median DOM:22New:13Total:28
May 2026
Median Rent:$1,895Median DOM:29New:1Total:28
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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.
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