ZIP 23059 Housing Market Report
Richmond Metro
Report period: May 2026
23059 Monthly Market Update – May 2026
ZIP 23059 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,950
0.0%
Median DOM (Sales)
9
−18.2%
New Listings (Sales)
55
−45.5%
Median Rent
$2,650
+1.9%
Median DOM (Rental)
12
−25.0%
Total Rental Listings
71
+2.9%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (8 DOM)
- Fastest renting: Condo (4 DOM)
- Strongest bedroom: 6 Beds ($1,195,000 median)
Sales Market Overview
Median Price
$499,950
0.0%
Median DOM
9
−18.2%
New Listings
55
−45.5%
Inventory
244
+1.7%
- Average Price: $594,591
- Median Price: $499,950
- Price Range: $9,970 – $1,725,000
- Price per Sq Ft (Avg/Median): $248 / $244
- Square Footage (Avg/Median): 2,444 / 2,071
- Square Footage Range: 780 – 7,232
- Days on Market (Avg/Median): 23 / 9
- Days on Market Range: 1 – 150
- New Listings: 55
- Total Listings: 244
Sales by Property Type
Condo
Avg/Median Price$455,088 / $399,335Range$194,500 – $905,778Price per Sq Ft$258 / $262Sq Ft1,788 / 1,573DOM26 / 8New19Total60
Land
Avg/Median Price$479,990 / $450,000Range$9,970 – $980,000Price per Sq Ft—Sq Ft—DOM89 / 64New0Total3
Single Family
Avg/Median Price$776,917 / $750,000Range$180,000 – $1,725,000Price per Sq Ft$255 / $248Sq Ft3,126 / 3,124DOM19 / 8New18Total106
Townhouse
Avg/Median Price$453,090 / $439,085Range$329,240 – $659,950Price per Sq Ft$228 / $228Sq Ft2,005 / 1,943DOM23 / 12New18Total75
Sales by Bedroom Count
1 Beds
Avg:$309,149Median:$313,515Range:$194,500 – $338,930PSF:$274 / $276Sq Ft:1,125 / 1,116DOM:27 / 5New:3Total:10
2 Beds
Avg:$423,398Median:$387,165Range:$180,000 – $820,948PSF:$281 / $286Sq Ft:1,486 / 1,452DOM:40 / 17New:7Total:27
3 Beds
Avg:$491,751Median:$449,950Range:$330,000 – $905,778PSF:$242 / $238Sq Ft:2,053 / 1,943DOM:21 / 9New:30Total:112
4 Beds
Avg:$652,985Median:$575,000Range:$400,950 – $1,725,000PSF:$242 / $231Sq Ft:2,688 / 2,537DOM:19 / 8New:10Total:46
5 Beds
Avg:$902,529Median:$848,000Range:$545,000 – $1,395,000PSF:$243 / $244Sq Ft:3,710 / 3,502DOM:14 / 7New:3Total:35
6 Beds
Avg:$1,128,644Median:$1,195,000Range:$760,000 – $1,550,000PSF:$232 / $231Sq Ft:4,928 / 4,736DOM:17 / 15New:2Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $309,149 | $313,515 | $194,500 – $338,930 | $274 / $276 | 1,125 / 1,116 | 27 / 5 | 3 | 10 |
| 2 Beds | $423,398 | $387,165 | $180,000 – $820,948 | $281 / $286 | 1,486 / 1,452 | 40 / 17 | 7 | 27 |
| 3 Beds | $491,751 | $449,950 | $330,000 – $905,778 | $242 / $238 | 2,053 / 1,943 | 21 / 9 | 30 | 112 |
| 4 Beds | $652,985 | $575,000 | $400,950 – $1,725,000 | $242 / $231 | 2,688 / 2,537 | 19 / 8 | 10 | 46 |
| 5 Beds | $902,529 | $848,000 | $545,000 – $1,395,000 | $243 / $244 | 3,710 / 3,502 | 14 / 7 | 3 | 35 |
| 6 Beds | $1,128,644 | $1,195,000 | $760,000 – $1,550,000 | $232 / $231 | 4,928 / 4,736 | 17 / 15 | 2 | 11 |
Rental Market Overview
Median Rent
$2,650
+1.9%
Median DOM
12
−25.0%
New Listings
11
Inventory
71
+2.9%
- Average Rent: $2,548
- Median Rent: $2,650
- Rent Range: $1,175 – $3,900
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,868 / 1,957
- Square Footage Range: 453 – 3,910
- Days on Market (Avg/Median): 30 / 12
- Days on Market Range: 1 – 218
- New Listings: 11
- Total Listings: 71
Rentals by Property Type
Apartment
$1,573
Median DOM: 43
Inventory: 10
MoM: +1.9%
Condo
$2,100
Median DOM: 4
Inventory: 5
MoM: +1.9%
Single Family
$2,895
Median DOM: 7
Inventory: 23
MoM: +1.9%
Townhouse
$2,650
Median DOM: 12
Inventory: 33
MoM: +1.9%
Apartment
Avg/Median Rent$1,525 / $1,573Range$1,175 – $1,700Rent per Sq Ft$2 / $2Sq Ft747 / 771DOM62 / 43New1Total10
Condo
Avg/Median Rent$2,190 / $2,100Range$1,800 – $2,750Rent per Sq Ft$2 / $2Sq Ft1,359 / 1,150DOM15 / 4New2Total5
Single Family
Avg/Median Rent$2,940 / $2,895Range$1,700 – $3,900Rent per Sq Ft$1 / $1Sq Ft2,361 / 2,185DOM31 / 7New3Total23
Townhouse
Avg/Median Rent$2,639 / $2,650Range$2,100 – $3,300Rent per Sq Ft$1 / $1Sq Ft1,941 / 1,957DOM24 / 12New5Total33
Rentals by Bedroom Count
Studio
Avg:$1,615Median:$1,615Range:$1,615 – $1,615PSF:$4 / $4Sq Ft:453 / 453DOM:43 / 43New:0Total:1
1 Beds
Avg:$1,588Median:$1,614Range:$1,175 – $2,100PSF:$2 / $2Sq Ft:780 / 778DOM:36 / 9New:2Total:9
2 Beds
Avg:$1,950Median:$1,900Range:$1,448 – $2,400PSF:$2 / $2Sq Ft:1,242 / 1,150DOM:50 / 25New:1Total:5
3 Beds
Avg:$2,560Median:$2,650Range:$1,700 – $2,999PSF:$1 / $1Sq Ft:1,886 / 1,957DOM:26 / 12New:5Total:33
4 Beds
Avg:$2,936Median:$2,750Range:$2,400 – $3,600PSF:$1 / $1Sq Ft:2,222 / 2,000DOM:35 / 10New:3Total:18
5 Beds
Avg:$3,599Median:$3,495Range:$3,400 – $3,900PSF:$1 / $1Sq Ft:3,394 / 3,076DOM:12 / 7New:0Total:4
6 Beds
Avg:$3,550Median:$3,550Range:$3,550 – $3,550PSF:$1 / $1Sq Ft:3,124 / 3,124DOM:1 / 1New: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 | 43 / 43 | 0 | 1 |
| 1 Beds | $1,588 | $1,614 | $1,175 – $2,100 | $2 / $2 | 780 / 778 | 36 / 9 | 2 | 9 |
| 2 Beds | $1,950 | $1,900 | $1,448 – $2,400 | $2 / $2 | 1,242 / 1,150 | 50 / 25 | 1 | 5 |
| 3 Beds | $2,560 | $2,650 | $1,700 – $2,999 | $1 / $1 | 1,886 / 1,957 | 26 / 12 | 5 | 33 |
| 4 Beds | $2,936 | $2,750 | $2,400 – $3,600 | $1 / $1 | 2,222 / 2,000 | 35 / 10 | 3 | 18 |
| 5 Beds | $3,599 | $3,495 | $3,400 – $3,900 | $1 / $1 | 3,394 / 3,076 | 12 / 7 | 0 | 4 |
| 6 Beds | $3,550 | $3,550 | $3,550 – $3,550 | $1 / $1 | 3,124 / 3,124 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$529,950Median DOM:29New:48Total:155
Jan 2026
Median Price:$497,000Median DOM:17New:68Total:158
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:$499,950Median DOM:9New:55Total:244
6-Month Rental Trend
Dec 2025
Median Rent:$2,595Median DOM:20New:22Total:68
Jan 2026
Median Rent:$2,600Median DOM:29New:20Total:62
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:12New:11Total:71
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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