ZIP 23005 Housing Market Report
Richmond Metro
Report period: August 2026
23005 Monthly Market Update – August 2026
ZIP 23005 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$509,990
0.0%
Median DOM (Sales)
31
+3.3%
New Listings (Sales)
15
−60.5%
Median Rent
$1,895
−5.0%
Median DOM (Rental)
22
0.0%
Total Rental Listings
27
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened.
What's Moving Fastest
- Fastest selling: Townhouse (14 DOM)
- Fastest renting: Apartment (12 DOM)
- Strongest bedroom: 5 Beds ($899,000 median)
Sales Market Overview
Median Price
$509,990
0.0%
Median DOM
31
+3.3%
New Listings
15
−60.5%
Inventory
135
+4.7%
- Average Price: $601,706
- Median Price: $509,990
- Price Range: $25,000 – $7,950,000
- Price per Sq Ft (Avg/Median): $264 / $264
- Square Footage (Avg/Median): 2,286 / 1,980
- Square Footage Range: 968 – 8,967
- Days on Market (Avg/Median): 55 / 31
- Days on Market Range: 2 – 294
- New Listings: 15
- Total Listings: 135
Sales by Property Type
Condo
Avg/Median Price$333,058 / $330,000Range$290,000 – $412,500Price per Sq Ft$269 / $277Sq Ft1,254 / 1,256DOM96 / 60New1Total25
Land
Avg/Median Price$304,515 / $259,900Range$25,000 – $995,000Price per Sq Ft—Sq Ft—DOM75 / 25New1Total13
Single Family
Avg/Median Price$737,404 / $599,950Range$75,000 – $7,950,000Price per Sq Ft$265 / $264Sq Ft2,622 / 2,436DOM43 / 24New12Total90
Townhouse
Avg/Median Price$368,400 / $355,000Range$300,999 – $525,000Price per Sq Ft$227 / $220Sq Ft1,653 / 1,544DOM29 / 14New1Total7
Sales by Bedroom Count
1 Beds
Avg:$295,000Median:$295,000Range:$295,000 – $295,000PSF:$301 / $297Sq Ft:982 / 970DOM:35 / 10New:0Total:2
2 Beds
Avg:$344,643Median:$330,000Range:$290,000 – $599,950PSF:$269 / $269Sq Ft:1,290 / 1,256DOM:94 / 39New:1Total:23
3 Beds
Avg:$473,200Median:$499,900Range:$75,000 – $1,200,000PSF:$258 / $267Sq Ft:1,830 / 1,748DOM:42 / 20New:7Total:53
4 Beds
Avg:$799,023Median:$699,000Range:$349,900 – $1,975,000PSF:$256 / $237Sq Ft:3,092 / 2,996DOM:49 / 35New:4Total:34
5 Beds
Avg:$2,049,850Median:$899,000Range:$769,950 – $7,950,000PSF:$353 / $233Sq Ft:4,692 / 3,940DOM:28 / 16New:2Total:7
6 Beds
Avg:$719,833Median:$690,000Range:$575,000 – $894,500PSF:$175 / $176Sq Ft:4,098 / 3,704DOM:52 / 63New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $295,000 | $295,000 | $295,000 – $295,000 | $301 / $297 | 982 / 970 | 35 / 10 | 0 | 2 |
| 2 Beds | $344,643 | $330,000 | $290,000 – $599,950 | $269 / $269 | 1,290 / 1,256 | 94 / 39 | 1 | 23 |
| 3 Beds | $473,200 | $499,900 | $75,000 – $1,200,000 | $258 / $267 | 1,830 / 1,748 | 42 / 20 | 7 | 53 |
| 4 Beds | $799,023 | $699,000 | $349,900 – $1,975,000 | $256 / $237 | 3,092 / 2,996 | 49 / 35 | 4 | 34 |
| 5 Beds | $2,049,850 | $899,000 | $769,950 – $7,950,000 | $353 / $233 | 4,692 / 3,940 | 28 / 16 | 2 | 7 |
| 6 Beds | $719,833 | $690,000 | $575,000 – $894,500 | $175 / $176 | 4,098 / 3,704 | 52 / 63 | 0 | 3 |
Rental Market Overview
Median Rent
$1,895
−5.0%
Median DOM
22
0.0%
New Listings
4
Inventory
27
0.0%
- Average Rent: $1,977
- Median Rent: $1,895
- Rent Range: $1,000 – $2,968
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,292 / 1,050
- Square Footage Range: 472 – 3,104
- Days on Market (Avg/Median): 49 / 22
- Days on Market Range: 1 – 337
- New Listings: 4
- Total Listings: 27
Rentals by Property Type
Apartment
$1,375
Median DOM: 12
Inventory: 5
MoM: −5.0%
Condo
$2,300
Median DOM: 41
Inventory: 1
MoM: −5.0%
Single Family
$2,350
Median DOM: 16
Inventory: 6
MoM: −5.0%
Townhouse
$1,895
Median DOM: 22
Inventory: 15
MoM: −5.0%
Apartment
Avg/Median Rent$1,326 / $1,375Range$1,000 – $1,705Rent per Sq Ft$2 / $2Sq Ft724 / 700DOM117 / 12New1Total5
Condo
Avg/Median Rent$2,300 / $2,300Range$2,300 – $2,300Rent per Sq Ft$2 / $2Sq Ft1,484 / 1,484DOM41 / 41New0Total1
Single Family
Avg/Median Rent$2,403 / $2,350Range$1,850 – $2,968Rent per Sq Ft$1 / $1Sq Ft2,136 / 1,946DOM30 / 16New1Total6
Townhouse
Avg/Median Rent$2,003 / $1,895Range$1,495 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,120 / 1,050DOM44 / 22New2Total15
Rentals by Bedroom Count
1 Beds
Avg:$1,383Median:$1,495Range:$1,000 – $1,549PSF:$2 / $2Sq Ft:579 / 516DOM:98 / 11New:1Total:5
2 Beds
Avg:$1,896Median:$1,895Range:$1,705 – $1,995PSF:$2 / $2Sq Ft:976 / 898DOM:55 / 50New:0Total:10
3 Beds
Avg:$2,232Median:$2,300Range:$1,000 – $2,968PSF:$1 / $1Sq Ft:1,588 / 1,544DOM:31 / 16New:2Total:10
4 Beds
Avg:$2,600Median:$2,350Range:$2,350 – $2,850PSF:$1 / $1Sq Ft:2,822 / 2,541DOM:17 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,383 | $1,495 | $1,000 – $1,549 | $2 / $2 | 579 / 516 | 98 / 11 | 1 | 5 |
| 2 Beds | $1,896 | $1,895 | $1,705 – $1,995 | $2 / $2 | 976 / 898 | 55 / 50 | 0 | 10 |
| 3 Beds | $2,232 | $2,300 | $1,000 – $2,968 | $1 / $1 | 1,588 / 1,544 | 31 / 16 | 2 | 10 |
| 4 Beds | $2,600 | $2,350 | $2,350 – $2,850 | $1 / $1 | 2,822 / 2,541 | 17 / 1 | 1 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$419,950Median DOM:43New:31Total:94
Apr 2026
Median Price:$414,950Median DOM:29New:27Total:103
May 2026
Median Price:$439,950Median DOM:27New:39Total:119
Jun 2026
Median Price:$499,950Median DOM:24New:38Total:131
Jul 2026
Median Price:$509,990Median DOM:30New:38Total:129
Aug 2026
Median Price:$509,990Median DOM:31New:15Total:135
6-Month Rental Trend
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:34New:6Total:29
Jun 2026
Median Rent:$1,895Median DOM:41New:3Total:23
Jul 2026
Median Rent:$1,995Median DOM:22New:12Total:27
Aug 2026
Median Rent:$1,895Median DOM:22New:4Total:27
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro