ZIP 23047 Housing Market Report
Richmond Metro
Report period: July 2026
23047 Monthly Market Update – July 2026
ZIP 23047 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$525,000
−12.5%
Median DOM (Sales)
48
+20.0%
New Listings (Sales)
1
−75.0%
Median Rent
$1,700
0.0%
Median DOM (Rental)
21
+50.0%
Total Rental Listings
1
−50.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (38 DOM)
- Fastest renting: Single Family (21 DOM)
- Strongest bedroom: 5 Beds ($1,149,950 median)
Sales Market Overview
Median Price
$525,000
−12.5%
Median DOM
48
+20.0%
New Listings
1
−75.0%
Inventory
18
+5.9%
- Average Price: $621,030
- Median Price: $525,000
- Price Range: $129,900 – $1,650,000
- Price per Sq Ft (Avg/Median): $264 / $279
- Square Footage (Avg/Median): 2,335 / 2,008
- Square Footage Range: 1,056 – 4,772
- Days on Market (Avg/Median): 73 / 48
- Days on Market Range: 2 – 342
- New Listings: 1
- Total Listings: 18
Sales by Property Type
Land
Avg/Median Price$399,000 / $399,000Range$399,000 – $399,000Price per Sq Ft—Sq Ft—DOM109 / 109New0Total1
Manufactured
Avg/Median Price$488,097 / $488,097Range$488,097 – $488,097Price per Sq Ft$202 / $202Sq Ft2,420 / 2,420DOM127 / 127New0Total1
Single Family
Avg/Median Price$643,216 / $599,950Range$129,900 – $1,650,000Price per Sq Ft$268 / $279Sq Ft2,330 / 1,915DOM66 / 38New1Total16
Sales by Bedroom Count
2 Beds
Avg:$129,900Median:$129,900Range:$129,900 – $129,900PSF:$118 / $118Sq Ft:1,104 / 1,104DOM:15 / 15New:0Total:1
3 Beds
Avg:$503,744Median:$525,000Range:$210,000 – $724,950PSF:$277 / $295Sq Ft:1,803 / 1,898DOM:40 / 30New:0Total:9
4 Beds
Avg:$827,666Median:$599,950Range:$299,000 – $1,650,000PSF:$273 / $260Sq Ft:2,932 / 2,420DOM:131 / 114New:0Total:6
5 Beds
Avg:$1,149,950Median:$1,149,950Range:$1,149,950 – $1,149,950PSF:$241 / $241Sq Ft:4,772 / 4,772DOM:2 / 2New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $129,900 | $129,900 | $129,900 – $129,900 | $118 / $118 | 1,104 / 1,104 | 15 / 15 | 0 | 1 |
| 3 Beds | $503,744 | $525,000 | $210,000 – $724,950 | $277 / $295 | 1,803 / 1,898 | 40 / 30 | 0 | 9 |
| 4 Beds | $827,666 | $599,950 | $299,000 – $1,650,000 | $273 / $260 | 2,932 / 2,420 | 131 / 114 | 0 | 6 |
| 5 Beds | $1,149,950 | $1,149,950 | $1,149,950 – $1,149,950 | $241 / $241 | 4,772 / 4,772 | 2 / 2 | 1 | 1 |
Rental Market Overview
Median Rent
$1,700
0.0%
Median DOM
21
+50.0%
New Listings
0
Inventory
1
−50.0%
- Average Rent: $1,700
- Median Rent: $1,700
- Rent Range: $1,700 – $1,700
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,512 / 1,512
- Square Footage Range: 1,512 – 1,512
- Days on Market (Avg/Median): 21 / 21
- Days on Market Range: 21 – 21
- New Listings: 0
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,700
Median DOM: 21
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$1,700 / $1,700Range$1,700 – $1,700Rent per Sq Ft$1 / $1Sq Ft1,512 / 1,512DOM21 / 21New0Total1
Rentals by Bedroom Count
3 Beds
Avg:$1,700Median:$1,700Range:$1,700 – $1,700PSF:$1 / $1Sq Ft:1,512 / 1,512DOM:21 / 21New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,700 | $1,700 | $1,700 – $1,700 | $1 / $1 | 1,512 / 1,512 | 21 / 21 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$479,000Median DOM:53New:0Total:5
Mar 2026
Median Price:$719,900Median DOM:26New:4Total:9
Apr 2026
Median Price:$649,950Median DOM:43New:2Total:11
May 2026
Median Price:$649,950Median DOM:69New:3Total:15
Jun 2026
Median Price:$599,950Median DOM:40New:4Total:17
Jul 2026
Median Price:$525,000Median DOM:48New:1Total:18
6-Month Rental Trend
Mar 2026
Median Rent:$1,700Median DOM:14New:2Total:2
Apr 2026
Median Rent:$1,700Median DOM:14New:0Total:2
May 2026
Median Rent:$1,700Median DOM:21New:0Total:1
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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