ZIP 23059 Housing Market Report
Richmond Metro
Report period: August 2026
23059 Monthly Market Update – August 2026
ZIP 23059 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$537,950
−2.2%
Median DOM (Sales)
16
−11.1%
New Listings (Sales)
63
−40.6%
Median Rent
$2,650
0.0%
Median DOM (Rental)
21
+31.3%
Total Rental Listings
95
+1.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (8 DOM)
- Fastest renting: Single Family (15 DOM)
- Strongest bedroom: 7 Beds ($1,400,000 median)
Sales Market Overview
Median Price
$537,950
−2.2%
Median DOM
16
−11.1%
New Listings
63
−40.6%
Inventory
283
+1.1%
- Average Price: $648,065
- Median Price: $537,950
- Price Range: $40,000 – $3,250,000
- Price per Sq Ft (Avg/Median): $246 / $243
- Square Footage (Avg/Median): 2,629 / 2,250
- Square Footage Range: 640 – 10,335
- Days on Market (Avg/Median): 31 / 16
- Days on Market Range: 2 – 234
- New Listings: 63
- Total Listings: 283
Sales by Property Type
Condo
Avg/Median Price$466,057 / $401,335Range$211,000 – $909,429Price per Sq Ft$248 / $254Sq Ft1,909 / 1,605DOM32 / 9New23Total74
Land
Avg/Median Price$990,337 / $602,745Range$40,000 – $1,950,000Price per Sq Ft—Sq Ft—DOM87 / 40New0Total8
Single Family
Avg/Median Price$823,127 / $749,000Range$249,900 – $3,250,000Price per Sq Ft$251 / $244Sq Ft3,365 / 3,096DOM31 / 19New20Total137
Townhouse
Avg/Median Price$440,983 / $430,585Range$329,900 – $624,900Price per Sq Ft$236 / $231Sq Ft1,888 / 1,943DOM24 / 8New20Total64
Sales by Bedroom Count
1 Beds
Avg:$271,238Median:$211,000Range:$211,000 – $331,475PSF:$270 / $270Sq Ft:1,004 / 780DOM:63 / 57New:0Total:2
2 Beds
Avg:$394,495Median:$352,085Range:$232,000 – $820,948PSF:$274 / $280Sq Ft:1,460 / 1,457DOM:27 / 9New:10Total:33
3 Beds
Avg:$482,626Median:$449,580Range:$250,000 – $909,429PSF:$245 / $252Sq Ft:1,987 / 1,943DOM:26 / 9New:37Total:117
4 Beds
Avg:$685,467Median:$635,000Range:$389,950 – $1,650,000PSF:$245 / $244Sq Ft:2,795 / 2,615DOM:33 / 18New:10Total:66
5 Beds
Avg:$968,202Median:$850,000Range:$499,950 – $2,595,000PSF:$236 / $234Sq Ft:4,116 / 3,800DOM:31 / 22New:3Total:38
6 Beds
Avg:$1,203,588Median:$1,075,000Range:$770,000 – $3,250,000PSF:$230 / $229Sq Ft:5,167 / 4,899DOM:40 / 23New:3Total:17
7 Beds
Avg:$1,479,000Median:$1,400,000Range:$1,400,000 – $1,558,000PSF:$255 / $221Sq Ft:5,858 / 5,392DOM:39 / 35New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $271,238 | $211,000 | $211,000 – $331,475 | $270 / $270 | 1,004 / 780 | 63 / 57 | 0 | 2 |
| 2 Beds | $394,495 | $352,085 | $232,000 – $820,948 | $274 / $280 | 1,460 / 1,457 | 27 / 9 | 10 | 33 |
| 3 Beds | $482,626 | $449,580 | $250,000 – $909,429 | $245 / $252 | 1,987 / 1,943 | 26 / 9 | 37 | 117 |
| 4 Beds | $685,467 | $635,000 | $389,950 – $1,650,000 | $245 / $244 | 2,795 / 2,615 | 33 / 18 | 10 | 66 |
| 5 Beds | $968,202 | $850,000 | $499,950 – $2,595,000 | $236 / $234 | 4,116 / 3,800 | 31 / 22 | 3 | 38 |
| 6 Beds | $1,203,588 | $1,075,000 | $770,000 – $3,250,000 | $230 / $229 | 5,167 / 4,899 | 40 / 23 | 3 | 17 |
| 7 Beds | $1,479,000 | $1,400,000 | $1,400,000 – $1,558,000 | $255 / $221 | 5,858 / 5,392 | 39 / 35 | 0 | 2 |
Rental Market Overview
Median Rent
$2,650
0.0%
Median DOM
21
+31.3%
New Listings
8
Inventory
95
+1.1%
- Average Rent: $2,639
- Median Rent: $2,650
- Rent Range: $1,175 – $5,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,025 / 1,996
- Square Footage Range: 453 – 4,324
- Days on Market (Avg/Median): 45 / 21
- Days on Market Range: 1 – 364
- New Listings: 8
- Total Listings: 95
Rentals by Property Type
Apartment
$1,448
Median DOM: 133
Inventory: 10
MoM: 0.0%
Condo
$1,699
Median DOM: 25
Inventory: 8
MoM: 0.0%
Single Family
$2,995
Median DOM: 15
Inventory: 35
MoM: 0.0%
Townhouse
$2,700
Median DOM: 19
Inventory: 42
MoM: 0.0%
Apartment
Avg/Median Rent$1,468 / $1,448Range$1,175 – $1,685Rent per Sq Ft$2 / $2Sq Ft781 / 778DOM140 / 133New0Total10
Condo
Avg/Median Rent$2,086 / $1,699Range$1,650 – $2,999Rent per Sq Ft$2 / $1Sq Ft1,430 / 1,150DOM29 / 25New0Total8
Single Family
Avg/Median Rent$2,991 / $2,995Range$1,200 – $5,500Rent per Sq Ft$1 / $1Sq Ft2,446 / 2,428DOM42 / 15New6Total35
Townhouse
Avg/Median Rent$2,729 / $2,700Range$2,250 – $3,300Rent per Sq Ft$1 / $1Sq Ft2,085 / 1,996DOM39 / 19New2Total42
Rentals by Bedroom Count
Studio
Avg:$1,514Median:$1,514Range:$1,514 – $1,514PSF:$3 / $3Sq Ft:453 / 453DOM:133 / 133New:0Total:1
1 Beds
Avg:$1,440Median:$1,420Range:$1,175 – $1,685PSF:$2 / $2Sq Ft:782 / 780DOM:86 / 37New:1Total:9
2 Beds
Avg:$1,815Median:$1,670Range:$1,200 – $2,400PSF:$2 / $1Sq Ft:1,190 / 1,150DOM:54 / 25New:0Total:9
3 Beds
Avg:$2,668Median:$2,620Range:$1,765 – $3,800PSF:$1 / $1Sq Ft:2,050 / 1,996DOM:25 / 14New:4Total:39
4 Beds
Avg:$2,921Median:$2,825Range:$2,400 – $3,795PSF:$1 / $1Sq Ft:2,274 / 2,200DOM:52 / 24New:2Total:27
5 Beds
Avg:$3,481Median:$3,475Range:$2,950 – $4,650PSF:$1 / $1Sq Ft:3,156 / 3,165DOM:85 / 38New:0Total:7
6 Beds
Avg:$4,525Median:$3,550Range:$3,550 – $5,500PSF:$1 / $1Sq Ft:3,724 / 3,124DOM:4 / 1New:1Total:2
7 Beds
Avg:$3,550Median:$3,550Range:$3,550 – $3,550PSF:$1 / $1Sq Ft:3,564 / 3,564DOM:71 / 71New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,514 | $1,514 | $1,514 – $1,514 | $3 / $3 | 453 / 453 | 133 / 133 | 0 | 1 |
| 1 Beds | $1,440 | $1,420 | $1,175 – $1,685 | $2 / $2 | 782 / 780 | 86 / 37 | 1 | 9 |
| 2 Beds | $1,815 | $1,670 | $1,200 – $2,400 | $2 / $1 | 1,190 / 1,150 | 54 / 25 | 0 | 9 |
| 3 Beds | $2,668 | $2,620 | $1,765 – $3,800 | $1 / $1 | 2,050 / 1,996 | 25 / 14 | 4 | 39 |
| 4 Beds | $2,921 | $2,825 | $2,400 – $3,795 | $1 / $1 | 2,274 / 2,200 | 52 / 24 | 2 | 27 |
| 5 Beds | $3,481 | $3,475 | $2,950 – $4,650 | $1 / $1 | 3,156 / 3,165 | 85 / 38 | 0 | 7 |
| 6 Beds | $4,525 | $3,550 | $3,550 – $5,500 | $1 / $1 | 3,724 / 3,124 | 4 / 1 | 1 | 2 |
| 7 Beds | $3,550 | $3,550 | $3,550 – $3,550 | $1 / $1 | 3,564 / 3,564 | 71 / 71 | 0 | 1 |
6-Month Sales Trend
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:$550,000Median DOM:18New:106Total:280
Aug 2026
Median Price:$537,950Median DOM:16New:63Total:283
6-Month Rental Trend
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:16New:31Total:94
Aug 2026
Median Rent:$2,650Median DOM:21New:8Total:95
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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