ZIP 23005 Housing Market Report
Richmond Metro
Report period: July 2026
23005 Monthly Market Update – July 2026
ZIP 23005 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$499,950
0.0%
Median DOM (Sales)
26
+8.3%
New Listings (Sales)
13
−65.8%
Median Rent
$1,895
0.0%
Median DOM (Rental)
41
0.0%
Total Rental Listings
20
−13.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($795,950 median)
Sales Market Overview
Median Price
$499,950
0.0%
Median DOM
26
+8.3%
New Listings
13
−65.8%
Inventory
130
−0.8%
- Average Price: $546,135
- Median Price: $499,950
- Price Range: $95,000 – $2,190,000
- Price per Sq Ft (Avg/Median): $262 / $263
- Square Footage (Avg/Median): 2,202 / 1,824
- Square Footage Range: 768 – 5,513
- Days on Market (Avg/Median): 54 / 26
- Days on Market Range: 2 – 276
- New Listings: 13
- Total Listings: 130
Sales by Property Type
Condo
Avg/Median Price$326,718 / $330,000Range$290,000 – $380,000Price per Sq Ft$272 / $277Sq Ft1,209 / 1,256DOM100 / 89New1Total25
Land
Avg/Median Price$332,462 / $325,000Range$95,000 – $650,000Price per Sq Ft—Sq Ft—DOM121 / 120New1Total8
Single Family
Avg/Median Price$644,429 / $599,900Range$275,000 – $2,190,000Price per Sq Ft$261 / $261Sq Ft2,545 / 2,520DOM41 / 22New8Total89
Townhouse
Avg/Median Price$351,969 / $319,900Range$275,000 – $525,000Price per Sq Ft$244 / $230Sq Ft1,485 / 1,440DOM14 / 7New3Total8
Sales by Bedroom Count
1 Beds
Avg:$295,000Median:$295,000Range:$295,000 – $295,000PSF:$302 / $304Sq Ft:978 / 970DOM:83 / 29New:0Total:3
2 Beds
Avg:$327,198Median:$320,000Range:$275,000 – $499,950PSF:$272 / $271Sq Ft:1,215 / 1,156DOM:83 / 33New:1Total:24
3 Beds
Avg:$463,068Median:$425,000Range:$290,000 – $1,200,000PSF:$266 / $270Sq Ft:1,797 / 1,592DOM:38 / 20New:7Total:47
4 Beds
Avg:$751,294Median:$689,000Range:$349,900 – $1,430,000PSF:$258 / $251Sq Ft:2,933 / 2,927DOM:48 / 26New:3Total:39
5 Beds
Avg:$1,061,825Median:$795,950Range:$795,000 – $2,190,000PSF:$241 / $202Sq Ft:4,236 / 3,940DOM:31 / 16New:1Total:6
6 Beds
Avg:$721,500Median:$695,000Range:$575,000 – $894,500PSF:$176 / $176Sq Ft:4,098 / 3,704DOM:32 / 32New: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 | $302 / $304 | 978 / 970 | 83 / 29 | 0 | 3 |
| 2 Beds | $327,198 | $320,000 | $275,000 – $499,950 | $272 / $271 | 1,215 / 1,156 | 83 / 33 | 1 | 24 |
| 3 Beds | $463,068 | $425,000 | $290,000 – $1,200,000 | $266 / $270 | 1,797 / 1,592 | 38 / 20 | 7 | 47 |
| 4 Beds | $751,294 | $689,000 | $349,900 – $1,430,000 | $258 / $251 | 2,933 / 2,927 | 48 / 26 | 3 | 39 |
| 5 Beds | $1,061,825 | $795,950 | $795,000 – $2,190,000 | $241 / $202 | 4,236 / 3,940 | 31 / 16 | 1 | 6 |
| 6 Beds | $721,500 | $695,000 | $575,000 – $894,500 | $176 / $176 | 4,098 / 3,704 | 32 / 32 | 0 | 3 |
Rental Market Overview
Median Rent
$1,895
0.0%
Median DOM
41
0.0%
New Listings
0
Inventory
20
−13.0%
- Average Rent: $1,933
- Median Rent: $1,895
- Rent Range: $1,000 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,197 / 1,050
- Square Footage Range: 472 – 3,648
- Days on Market (Avg/Median): 60 / 41
- Days on Market Range: 1 – 306
- New Listings: 0
- Total Listings: 20
Rentals by Property Type
Apartment
$1,303
Median DOM: 1
Inventory: 4
MoM: 0.0%
Condo
$2,300
Median DOM: 41
Inventory: 1
MoM: 0.0%
Single Family
$1,895
Median DOM: 35
Inventory: 5
MoM: 0.0%
Townhouse
$1,895
Median DOM: 42
Inventory: 10
MoM: 0.0%
Apartment
Avg/Median Rent$1,375 / $1,303Range$1,000 – $1,781Rent per Sq Ft$2 / $2Sq Ft698 / 560DOM154 / 1New0Total4
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$2,279 / $1,895Range$1,550 – $3,500Rent per Sq Ft$1 / $1Sq Ft1,898 / 1,762DOM33 / 35New0Total5
Townhouse
Avg/Median Rent$1,946 / $1,895Range$1,495 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,017 / 1,050DOM56 / 42New0Total10
Rentals by Bedroom Count
1 Beds
Avg:$1,304Median:$1,303Range:$1,000 – $1,495PSF:$2 / $2Sq Ft:573 / 516DOM:113 / 31New:0Total:4
2 Beds
Avg:$1,890Median:$1,895Range:$1,550 – $2,150PSF:$2 / $2Sq Ft:1,007 / 1,050DOM:56 / 42New:0Total:10
3 Beds
Avg:$2,209Median:$2,300Range:$1,850 – $2,600PSF:$1 / $1Sq Ft:1,586 / 1,484DOM:36 / 41New:0Total:5
6 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:$1 / $1Sq Ft:3,648 / 3,648DOM:50 / 50New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,304 | $1,303 | $1,000 – $1,495 | $2 / $2 | 573 / 516 | 113 / 31 | 0 | 4 |
| 2 Beds | $1,890 | $1,895 | $1,550 – $2,150 | $2 / $2 | 1,007 / 1,050 | 56 / 42 | 0 | 10 |
| 3 Beds | $2,209 | $2,300 | $1,850 – $2,600 | $1 / $1 | 1,586 / 1,484 | 36 / 41 | 0 | 5 |
| 6 Beds | $3,500 | $3,500 | $3,500 – $3,500 | $1 / $1 | 3,648 / 3,648 | 50 / 50 | 0 | 1 |
6-Month Sales Trend
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:$439,950Median DOM:27New:39Total:119
Jun 2026
Median Price:$499,950Median DOM:24New:38Total:131
Jul 2026
Median Price:$499,950Median DOM:26New:13Total:130
6-Month Rental Trend
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:34New:6Total:29
Jun 2026
Median Rent:$1,895Median DOM:41New:3Total:23
Jul 2026
Median Rent:$1,895Median DOM:41New:0Total:20
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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.
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