ZIP 23047 Housing Market Report
Richmond Metro
Report period: August 2026
23047 Monthly Market Update – August 2026
ZIP 23047 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$599,950
0.0%
Median DOM (Sales)
63
+6.8%
New Listings (Sales)
2
0.0%
Median Rent
$2,500
0.0%
Median DOM (Rental)
18
+125.0%
Total Rental Listings
2
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (29 DOM)
- Fastest renting: Single Family (18 DOM)
- Strongest bedroom: 4 Beds ($689,950 median)
Sales Market Overview
Median Price
$599,950
0.0%
Median DOM
63
+6.8%
New Listings
2
0.0%
Inventory
18
+5.9%
- Average Price: $627,997
- Median Price: $599,950
- Price Range: $129,900 – $1,149,900
- Price per Sq Ft (Avg/Median): $259 / $260
- Square Footage (Avg/Median): 2,586 / 2,150
- Square Footage Range: 1,074 – 4,772
- Days on Market (Avg/Median): 80 / 63
- Days on Market Range: 3 – 342
- New Listings: 2
- Total Listings: 18
Sales by Property Type
Land
Avg/Median Price$399,000 / $399,000Range$399,000 – $399,000Price per Sq Ft—Sq Ft—DOM140 / 140New0Total1
Manufactured
Avg/Median Price$488,097 / $488,097Range$488,097 – $488,097Price per Sq Ft$202 / $202Sq Ft2,420 / 2,420DOM158 / 158New0Total1
Single Family
Avg/Median Price$651,053 / $649,950Range$129,900 – $1,149,900Price per Sq Ft$262 / $260Sq Ft2,596 / 2,136DOM71 / 29New2Total16
Sales by Bedroom Count
2 Beds
Avg:$129,900Median:$129,900Range:$129,900 – $129,900PSF:$118 / $118Sq Ft:1,104 / 1,104DOM:24 / 24New:0Total:1
3 Beds
Avg:$581,193Median:$575,000Range:$349,600 – $724,950PSF:$315 / $303Sq Ft:1,863 / 1,898DOM:49 / 29New:1Total:7
4 Beds
Avg:$700,978Median:$689,950Range:$299,000 – $949,950PSF:$234 / $232Sq Ft:3,116 / 3,193DOM:126 / 145New:1Total:7
5 Beds
Avg:$899,925Median:$649,950Range:$649,950 – $1,149,900PSF:$221 / $201Sq Ft:4,002 / 3,233DOM:12 / 7New:0Total:2
| 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 | 24 / 24 | 0 | 1 |
| 3 Beds | $581,193 | $575,000 | $349,600 – $724,950 | $315 / $303 | 1,863 / 1,898 | 49 / 29 | 1 | 7 |
| 4 Beds | $700,978 | $689,950 | $299,000 – $949,950 | $234 / $232 | 3,116 / 3,193 | 126 / 145 | 1 | 7 |
| 5 Beds | $899,925 | $649,950 | $649,950 – $1,149,900 | $221 / $201 | 4,002 / 3,233 | 12 / 7 | 0 | 2 |
Rental Market Overview
Median Rent
$2,500
0.0%
Median DOM
18
+125.0%
New Listings
0
Inventory
2
0.0%
- Average Rent: $2,598
- Median Rent: $2,500
- Rent Range: $2,500 – $2,695
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,124 / 2,124
- Square Footage Range: 2,124 – 2,124
- Days on Market (Avg/Median): 24 / 18
- Days on Market Range: 18 – 29
- New Listings: 0
- Total Listings: 2
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,500
Median DOM: 18
Inventory: 2
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$2,598 / $2,500Range$2,500 – $2,695Rent per Sq Ft$1 / $1Sq Ft2,124 / 2,124DOM24 / 18New0Total2
Rentals by Bedroom Count
3 Beds
Avg:$2,598Median:$2,500Range:$2,500 – $2,695PSF:$1 / $1Sq Ft:2,124 / 2,124DOM:24 / 18New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $2,598 | $2,500 | $2,500 – $2,695 | $1 / $1 | 2,124 / 2,124 | 24 / 18 | 0 | 2 |
6-Month Sales Trend
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:$599,950Median DOM:59New:2Total:17
Aug 2026
Median Price:$599,950Median DOM:63New:2Total: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
Jul 2026
Median Rent:$2,500Median DOM:8New:2Total:2
Aug 2026
Median Rent:$2,500Median DOM:18New:0Total:2
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower 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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