ZIP 23060 Housing Market Report
Richmond Metro
Report period: August 2026
23060 Monthly Market Update – August 2026
ZIP 23060 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$469,500
+3.2%
Median DOM (Sales)
14
−6.7%
New Listings (Sales)
26
−61.2%
Median Rent
$2,500
0.0%
Median DOM (Rental)
8
−33.3%
Total Rental Listings
84
+2.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($880,000 median)
Sales Market Overview
Median Price
$469,500
+3.2%
Median DOM
14
−6.7%
New Listings
26
−61.2%
Inventory
175
−2.2%
- Average Price: $515,479
- Median Price: $469,500
- Price Range: $190,000 – $999,000
- Price per Sq Ft (Avg/Median): $232 / $236
- Square Footage (Avg/Median): 2,277 / 2,110
- Square Footage Range: 946 – 6,510
- Days on Market (Avg/Median): 33 / 14
- Days on Market Range: 2 – 330
- New Listings: 26
- Total Listings: 175
Sales by Property Type
Condo
Avg/Median Price$461,960 / $376,500Range$239,500 – $989,900Price per Sq Ft$233 / $242Sq Ft1,993 / 2,110DOM66 / 45New0Total16
Land
Avg/Median Price$310,000 / $340,000Range$190,000 – $399,999Price per Sq Ft—Sq Ft—DOM160 / 105New0Total3
Single Family
Avg/Median Price$553,579 / $524,950Range$249,900 – $999,000Price per Sq Ft$236 / $239Sq Ft2,414 / 2,200DOM32 / 15New15Total112
Townhouse
Avg/Median Price$451,968 / $422,335Range$260,000 – $849,950Price per Sq Ft$224 / $214Sq Ft2,032 / 2,061DOM16 / 6New11Total44
Sales by Bedroom Count
2 Beds
Avg:$306,285Median:$285,000Range:$239,500 – $499,950PSF:$246 / $234Sq Ft:1,277 / 1,008DOM:22 / 14New:0Total:10
3 Beds
Avg:$439,272Median:$414,490Range:$249,900 – $982,216PSF:$234 / $239Sq Ft:1,892 / 1,956DOM:26 / 9New:12Total:78
4 Beds
Avg:$573,370Median:$539,950Range:$347,900 – $989,900PSF:$235 / $239Sq Ft:2,449 / 2,374DOM:39 / 16New:11Total:57
5 Beds
Avg:$707,335Median:$715,000Range:$419,000 – $999,000PSF:$219 / $217Sq Ft:3,278 / 3,275DOM:34 / 18New:3Total:26
7 Beds
Avg:$880,000Median:$880,000Range:$880,000 – $880,000PSF:$135 / $135Sq Ft:6,510 / 6,510DOM:12 / 12New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $306,285 | $285,000 | $239,500 – $499,950 | $246 / $234 | 1,277 / 1,008 | 22 / 14 | 0 | 10 |
| 3 Beds | $439,272 | $414,490 | $249,900 – $982,216 | $234 / $239 | 1,892 / 1,956 | 26 / 9 | 12 | 78 |
| 4 Beds | $573,370 | $539,950 | $347,900 – $989,900 | $235 / $239 | 2,449 / 2,374 | 39 / 16 | 11 | 57 |
| 5 Beds | $707,335 | $715,000 | $419,000 – $999,000 | $219 / $217 | 3,278 / 3,275 | 34 / 18 | 3 | 26 |
| 7 Beds | $880,000 | $880,000 | $880,000 – $880,000 | $135 / $135 | 6,510 / 6,510 | 12 / 12 | 0 | 1 |
Rental Market Overview
Median Rent
$2,500
0.0%
Median DOM
8
−33.3%
New Listings
12
Inventory
84
+2.4%
- Average Rent: $2,456
- Median Rent: $2,500
- Rent Range: $1,175 – $3,900
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,780 / 1,605
- Square Footage Range: 270 – 5,352
- Days on Market (Avg/Median): 29 / 8
- Days on Market Range: 1 – 241
- New Listings: 12
- Total Listings: 84
Rentals by Property Type
Apartment
$1,395
Median DOM: 1
Inventory: 12
MoM: 0.0%
Condo
$2,195
Median DOM: 1
Inventory: 8
MoM: 0.0%
Single Family
$2,600
Median DOM: 6
Inventory: 36
MoM: 0.0%
Townhouse
$2,600
Median DOM: 12
Inventory: 28
MoM: 0.0%
Apartment
Avg/Median Rent$1,560 / $1,395Range$1,175 – $2,124Rent per Sq Ft$4 / $3Sq Ft490 / 400DOM65 / 1New3Total12
Condo
Avg/Median Rent$2,381 / $2,195Range$1,550 – $3,900Rent per Sq Ft$1 / $1Sq Ft1,812 / 1,573DOM34 / 1New1Total8
Single Family
Avg/Median Rent$2,682 / $2,600Range$1,650 – $3,800Rent per Sq Ft$1 / $1Sq Ft2,054 / 1,728DOM24 / 6New7Total36
Townhouse
Avg/Median Rent$2,570 / $2,600Range$1,800 – $3,400Rent per Sq Ft$1 / $1Sq Ft1,990 / 2,123DOM23 / 12New1Total28
Rentals by Bedroom Count
Studio
Avg:$1,642Median:$1,294Range:$1,175 – $2,124PSF:$5 / $4Sq Ft:308 / 288DOM:49 / 1New:3Total:6
1 Beds
Avg:$1,478Median:$1,395Range:$1,308 – $1,685PSF:$2 / $2Sq Ft:672 / 667DOM:146 / 146New:0Total:6
2 Beds
Avg:$1,821Median:$1,650Range:$1,550 – $2,450PSF:$2 / $2Sq Ft:1,119 / 971DOM:39 / 16New:1Total:7
3 Beds
Avg:$2,569Median:$2,500Range:$1,900 – $3,900PSF:$1 / $1Sq Ft:1,883 / 1,740DOM:27 / 12New:1Total:44
4 Beds
Avg:$2,761Median:$2,695Range:$2,295 – $3,700PSF:$1 / $1Sq Ft:2,181 / 2,150DOM:16 / 6New:4Total:15
5 Beds
Avg:$3,344Median:$3,400Range:$2,675 – $3,800PSF:$1 / $1Sq Ft:2,893 / 2,756DOM:29 / 6New:3Total:4
6 Beds
Avg:$3,492Median:$3,490Range:$3,490 – $3,495PSF:$1 / $1Sq Ft:4,412 / 3,471DOM:4 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,642 | $1,294 | $1,175 – $2,124 | $5 / $4 | 308 / 288 | 49 / 1 | 3 | 6 |
| 1 Beds | $1,478 | $1,395 | $1,308 – $1,685 | $2 / $2 | 672 / 667 | 146 / 146 | 0 | 6 |
| 2 Beds | $1,821 | $1,650 | $1,550 – $2,450 | $2 / $2 | 1,119 / 971 | 39 / 16 | 1 | 7 |
| 3 Beds | $2,569 | $2,500 | $1,900 – $3,900 | $1 / $1 | 1,883 / 1,740 | 27 / 12 | 1 | 44 |
| 4 Beds | $2,761 | $2,695 | $2,295 – $3,700 | $1 / $1 | 2,181 / 2,150 | 16 / 6 | 4 | 15 |
| 5 Beds | $3,344 | $3,400 | $2,675 – $3,800 | $1 / $1 | 2,893 / 2,756 | 29 / 6 | 3 | 4 |
| 6 Beds | $3,492 | $3,490 | $3,490 – $3,495 | $1 / $1 | 4,412 / 3,471 | 4 / 1 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$465,000Median DOM:7New:66Total:133
Apr 2026
Median Price:$441,000Median DOM:7New:64Total:154
May 2026
Median Price:$441,000Median DOM:8New:79Total:179
Jun 2026
Median Price:$469,950Median DOM:10New:69Total:170
Jul 2026
Median Price:$455,000Median DOM:15New:67Total:179
Aug 2026
Median Price:$469,500Median DOM:14New:26Total:175
6-Month Rental Trend
Mar 2026
Median Rent:$2,475Median DOM:13New:18Total:77
Apr 2026
Median Rent:$2,550Median DOM:11New:25Total:71
May 2026
Median Rent:$2,550Median DOM:10New:22Total:68
Jun 2026
Median Rent:$2,595Median DOM:8New:30Total:71
Jul 2026
Median Rent:$2,500Median DOM:12New:30Total:82
Aug 2026
Median Rent:$2,500Median DOM:8New:12Total:84
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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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