ZIP 23059 Housing Market Report
Richmond Metro
Report period: July 2026
23059 Monthly Market Update – July 2026
ZIP 23059 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$539,990
−3.6%
Median DOM (Sales)
15
+36.4%
New Listings (Sales)
55
−53.4%
Median Rent
$2,650
0.0%
Median DOM (Rental)
18
0.0%
Total Rental Listings
93
+2.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (8 DOM)
- Fastest renting: Condo (7 DOM)
- Strongest bedroom: 7 Beds ($1,558,000 median)
Sales Market Overview
Median Price
$539,990
−3.6%
Median DOM
15
+36.4%
New Listings
55
−53.4%
Inventory
268
+2.7%
- Average Price: $648,706
- Median Price: $539,990
- Price Range: $40,000 – $3,250,000
- Price per Sq Ft (Avg/Median): $248 / $244
- Square Footage (Avg/Median): 2,641 / 2,287
- Square Footage Range: 640 – 9,542
- Days on Market (Avg/Median): 29 / 15
- Days on Market Range: 1 – 210
- New Listings: 55
- Total Listings: 268
Sales by Property Type
Condo
Avg/Median Price$474,441 / $402,720Range$189,950 – $909,429Price per Sq Ft$248 / $253Sq Ft1,942 / 1,825DOM29 / 8New22Total75
Land
Avg/Median Price$896,099 / $602,745Range$40,000 – $1,950,000Price per Sq Ft—Sq Ft—DOM77 / 49New0Total7
Single Family
Avg/Median Price$832,765 / $750,000Range$249,900 – $3,250,000Price per Sq Ft$253 / $243Sq Ft3,404 / 3,172DOM28 / 18New14Total129
Townhouse
Avg/Median Price$431,063 / $427,085Range$339,950 – $624,900Price per Sq Ft$237 / $234Sq Ft1,836 / 1,904DOM23 / 8New19Total57
Sales by Bedroom Count
1 Beds
Avg:$276,857Median:$313,515Range:$189,950 – $338,345PSF:$268 / $271Sq Ft:1,026 / 1,116DOM:30 / 34New:0Total:5
2 Beds
Avg:$428,844Median:$391,990Range:$239,950 – $820,948PSF:$289 / $288Sq Ft:1,506 / 1,457DOM:35 / 16New:8Total:27
3 Beds
Avg:$479,454Median:$439,900Range:$335,000 – $909,429PSF:$244 / $249Sq Ft:1,982 / 1,943DOM:23 / 8New:36Total:118
4 Beds
Avg:$722,769Median:$695,000Range:$389,950 – $1,650,000PSF:$248 / $242Sq Ft:2,907 / 2,647DOM:29 / 17New:6Total:57
5 Beds
Avg:$920,217Median:$899,950Range:$539,800 – $1,395,000PSF:$233 / $235Sq Ft:4,032 / 3,828DOM:30 / 15New:4Total:33
6 Beds
Avg:$1,195,492Median:$1,049,000Range:$799,999 – $3,250,000PSF:$233 / $234Sq Ft:5,084 / 4,851DOM:34 / 18New:1Total:18
7 Beds
Avg:$1,652,650Median:$1,558,000Range:$1,400,000 – $1,999,950PSF:$257 / $260Sq Ft:6,471 / 6,323DOM:26 / 29New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $276,857 | $313,515 | $189,950 – $338,345 | $268 / $271 | 1,026 / 1,116 | 30 / 34 | 0 | 5 |
| 2 Beds | $428,844 | $391,990 | $239,950 – $820,948 | $289 / $288 | 1,506 / 1,457 | 35 / 16 | 8 | 27 |
| 3 Beds | $479,454 | $439,900 | $335,000 – $909,429 | $244 / $249 | 1,982 / 1,943 | 23 / 8 | 36 | 118 |
| 4 Beds | $722,769 | $695,000 | $389,950 – $1,650,000 | $248 / $242 | 2,907 / 2,647 | 29 / 17 | 6 | 57 |
| 5 Beds | $920,217 | $899,950 | $539,800 – $1,395,000 | $233 / $235 | 4,032 / 3,828 | 30 / 15 | 4 | 33 |
| 6 Beds | $1,195,492 | $1,049,000 | $799,999 – $3,250,000 | $233 / $234 | 5,084 / 4,851 | 34 / 18 | 1 | 18 |
| 7 Beds | $1,652,650 | $1,558,000 | $1,400,000 – $1,999,950 | $257 / $260 | 6,471 / 6,323 | 26 / 29 | 0 | 3 |
Rental Market Overview
Median Rent
$2,650
0.0%
Median DOM
18
0.0%
New Listings
9
Inventory
93
+2.2%
- Average Rent: $2,594
- Median Rent: $2,650
- Rent Range: $1,175 – $4,650
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,979 / 1,957
- Square Footage Range: 453 – 4,287
- Days on Market (Avg/Median): 40 / 18
- Days on Market Range: 1 – 287
- New Listings: 9
- Total Listings: 93
Rentals by Property Type
Apartment
$1,575
Median DOM: 103
Inventory: 11
MoM: 0.0%
Condo
$2,100
Median DOM: 7
Inventory: 6
MoM: 0.0%
Single Family
$2,850
Median DOM: 9
Inventory: 33
MoM: 0.0%
Townhouse
$2,650
Median DOM: 21
Inventory: 43
MoM: 0.0%
Apartment
Avg/Median Rent$1,581 / $1,575Range$1,175 – $2,200Rent per Sq Ft$2 / $2Sq Ft839 / 784DOM110 / 103New1Total11
Condo
Avg/Median Rent$2,206 / $2,100Range$1,670 – $2,999Rent per Sq Ft$2 / $1Sq Ft1,528 / 1,150DOM23 / 7New0Total6
Single Family
Avg/Median Rent$2,891 / $2,850Range$1,200 – $4,650Rent per Sq Ft$1 / $1Sq Ft2,390 / 2,200DOM30 / 9New5Total33
Townhouse
Avg/Median Rent$2,679 / $2,650Range$2,100 – $3,300Rent per Sq Ft$1 / $1Sq Ft2,019 / 1,963DOM41 / 21New3Total43
Rentals by Bedroom Count
Studio
Avg:$1,615Median:$1,615Range:$1,615 – $1,615PSF:$4 / $4Sq Ft:453 / 453DOM:103 / 103New:0Total:1
1 Beds
Avg:$1,581Median:$1,575Range:$1,175 – $2,100PSF:$2 / $2Sq Ft:815 / 784DOM:66 / 10New:1Total:9
2 Beds
Avg:$1,798Median:$1,670Range:$1,200 – $2,400PSF:$1 / $1Sq Ft:1,223 / 1,150DOM:49 / 5New:1Total:6
3 Beds
Avg:$2,578Median:$2,595Range:$1,765 – $3,900PSF:$1 / $1Sq Ft:1,955 / 1,850DOM:26 / 14New:5Total:42
4 Beds
Avg:$2,907Median:$2,800Range:$2,400 – $3,500PSF:$1 / $1Sq Ft:2,245 / 2,093DOM:55 / 21New:1Total:27
5 Beds
Avg:$3,460Median:$3,095Range:$2,950 – $4,650PSF:$1 / $1Sq Ft:3,298 / 3,046DOM:17 / 12New:1Total:6
6 Beds
Avg:$3,550Median:$3,550Range:$3,550 – $3,550PSF:$1 / $1Sq Ft:3,124 / 3,124DOM:1 / 1New:0Total:1
7 Beds
Avg:$3,550Median:$3,550Range:$3,550 – $3,550PSF:$1 / $1Sq Ft:3,564 / 3,564DOM:58 / 58New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,615 | $1,615 | $1,615 – $1,615 | $4 / $4 | 453 / 453 | 103 / 103 | 0 | 1 |
| 1 Beds | $1,581 | $1,575 | $1,175 – $2,100 | $2 / $2 | 815 / 784 | 66 / 10 | 1 | 9 |
| 2 Beds | $1,798 | $1,670 | $1,200 – $2,400 | $1 / $1 | 1,223 / 1,150 | 49 / 5 | 1 | 6 |
| 3 Beds | $2,578 | $2,595 | $1,765 – $3,900 | $1 / $1 | 1,955 / 1,850 | 26 / 14 | 5 | 42 |
| 4 Beds | $2,907 | $2,800 | $2,400 – $3,500 | $1 / $1 | 2,245 / 2,093 | 55 / 21 | 1 | 27 |
| 5 Beds | $3,460 | $3,095 | $2,950 – $4,650 | $1 / $1 | 3,298 / 3,046 | 17 / 12 | 1 | 6 |
| 6 Beds | $3,550 | $3,550 | $3,550 – $3,550 | $1 / $1 | 3,124 / 3,124 | 1 / 1 | 0 | 1 |
| 7 Beds | $3,550 | $3,550 | $3,550 – $3,550 | $1 / $1 | 3,564 / 3,564 | 58 / 58 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$456,935Median DOM:10New:80Total:173
Mar 2026
Median Price:$520,000Median DOM:10New:110Total:217
Apr 2026
Median Price:$499,950Median DOM:11New:101Total:240
May 2026
Median Price:$539,950Median DOM:9New:124Total:257
Jun 2026
Median Price:$559,950Median DOM:11New:118Total:261
Jul 2026
Median Price:$539,990Median DOM:15New:55Total:268
6-Month Rental Trend
Feb 2026
Median Rent:$2,550Median DOM:28New:21Total:68
Mar 2026
Median Rent:$2,550Median DOM:18New:24Total:71
Apr 2026
Median Rent:$2,600Median DOM:16New:19Total:69
May 2026
Median Rent:$2,650Median DOM:14New:33Total:86
Jun 2026
Median Rent:$2,650Median DOM:18New:33Total:91
Jul 2026
Median Rent:$2,650Median DOM:18New:9Total:93
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 increased.
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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