ZIP 23060 Housing Market Report
Richmond Metro
Report period: May 2026
23060 Monthly Market Update – May 2026
ZIP 23060 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$439,950
−0.2%
Median DOM (Sales)
8
+14.3%
New Listings (Sales)
25
−60.9%
Median Rent
$2,550
0.0%
Median DOM (Rental)
12
+9.1%
Total Rental Listings
70
−1.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($789,000 median)
Sales Market Overview
Median Price
$439,950
−0.2%
Median DOM
8
+14.3%
New Listings
25
−60.9%
Inventory
161
+4.5%
- Average Price: $495,715
- Median Price: $439,950
- Price Range: $9,900 – $1,050,000
- Price per Sq Ft (Avg/Median): $233 / $228
- Square Footage (Avg/Median): 2,221 / 2,061
- Square Footage Range: 946 – 6,382
- Days on Market (Avg/Median): 26 / 8
- Days on Market Range: 1 – 279
- New Listings: 25
- Total Listings: 161
Sales by Property Type
Condo
Avg/Median Price$481,703 / $429,900Range$182,700 – $999,469Price per Sq Ft$240 / $239Sq Ft1,999 / 2,020DOM32 / 13New2Total24
Land
Avg/Median Price$230,808 / $165,000Range$9,900 – $474,950Price per Sq Ft—Sq Ft—DOM88 / 15New2Total6
Single Family
Avg/Median Price$553,956 / $524,900Range$160,000 – $1,050,000Price per Sq Ft$239 / $237Sq Ft2,418 / 2,208DOM23 / 6New17Total84
Townhouse
Avg/Median Price$432,599 / $419,950Range$274,950 – $755,000Price per Sq Ft$220 / $211Sq Ft1,984 / 2,061DOM21 / 9New4Total47
Sales by Bedroom Count
2 Beds
Avg:$300,287Median:$297,000Range:$182,700 – $399,950PSF:$234 / $229Sq Ft:1,295 / 1,349DOM:9 / 9New:0Total:12
3 Beds
Avg:$457,372Median:$425,000Range:$160,000 – $999,469PSF:$241 / $234Sq Ft:1,923 / 1,990DOM:26 / 8New:9Total:74
4 Beds
Avg:$557,230Median:$524,950Range:$360,000 – $1,050,000PSF:$230 / $227Sq Ft:2,438 / 2,205DOM:27 / 6New:10Total:54
5 Beds
Avg:$715,221Median:$739,950Range:$395,000 – $1,000,000PSF:$208 / $209Sq Ft:3,424 / 3,471DOM:18 / 8New:3Total:13
6 Beds
Avg:$794,000Median:$789,000Range:$789,000 – $799,000PSF:$162 / $125Sq Ft:5,172 / 3,962DOM:22 / 10New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $300,287 | $297,000 | $182,700 – $399,950 | $234 / $229 | 1,295 / 1,349 | 9 / 9 | 0 | 12 |
| 3 Beds | $457,372 | $425,000 | $160,000 – $999,469 | $241 / $234 | 1,923 / 1,990 | 26 / 8 | 9 | 74 |
| 4 Beds | $557,230 | $524,950 | $360,000 – $1,050,000 | $230 / $227 | 2,438 / 2,205 | 27 / 6 | 10 | 54 |
| 5 Beds | $715,221 | $739,950 | $395,000 – $1,000,000 | $208 / $209 | 3,424 / 3,471 | 18 / 8 | 3 | 13 |
| 6 Beds | $794,000 | $789,000 | $789,000 – $799,000 | $162 / $125 | 5,172 / 3,962 | 22 / 10 | 1 | 2 |
Rental Market Overview
Median Rent
$2,550
0.0%
Median DOM
12
+9.1%
New Listings
8
Inventory
70
−1.4%
- Average Rent: $2,480
- Median Rent: $2,550
- Rent Range: $1,175 – $4,000
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,704 / 1,710
- Square Footage Range: 270 – 3,471
- Days on Market (Avg/Median): 36 / 12
- Days on Market Range: 1 – 292
- New Listings: 8
- Total Listings: 70
Rentals by Property Type
Apartment
$1,558
Median DOM: 1
Inventory: 12
MoM: 0.0%
Condo
$2,275
Median DOM: 99
Inventory: 5
MoM: 0.0%
Single Family
$2,550
Median DOM: 7
Inventory: 26
MoM: 0.0%
Townhouse
$2,650
Median DOM: 12
Inventory: 27
MoM: 0.0%
Apartment
Avg/Median Rent$1,642 / $1,558Range$1,175 – $2,099Rent per Sq Ft$4 / $3Sq Ft519 / 471DOM60 / 1New0Total12
Condo
Avg/Median Rent$2,583 / $2,275Range$1,850 – $3,900Rent per Sq Ft$2 / $1Sq Ft1,689 / 1,573DOM147 / 99New0Total5
Single Family
Avg/Median Rent$2,601 / $2,550Range$1,795 – $3,495Rent per Sq Ft$1 / $1Sq Ft1,877 / 1,710DOM21 / 7New4Total26
Townhouse
Avg/Median Rent$2,716 / $2,650Range$1,800 – $4,000Rent per Sq Ft$1 / $1Sq Ft2,067 / 2,111DOM21 / 12New4Total27
Rentals by Bedroom Count
Studio
Avg:$1,757Median:$2,039Range:$1,175 – $2,099PSF:$6 / $7Sq Ft:321 / 300DOM:39 / 1New:0Total:5
1 Beds
Avg:$1,559Median:$1,558Range:$1,423 – $1,738PSF:$2 / $2Sq Ft:660 / 705DOM:104 / 56New:0Total:7
2 Beds
Avg:$2,168Median:$1,850Range:$1,795 – $2,800PSF:$2 / $2Sq Ft:1,243 / 1,200DOM:79 / 4New:1Total:5
3 Beds
Avg:$2,586Median:$2,600Range:$2,000 – $3,900PSF:$1 / $1Sq Ft:1,809 / 1,800DOM:36 / 15New:4Total:34
4 Beds
Avg:$2,871Median:$2,650Range:$2,200 – $4,000PSF:$1 / $1Sq Ft:2,305 / 2,174DOM:16 / 9New:2Total:16
5 Beds
Avg:$2,838Median:$2,780Range:$2,780 – $2,895PSF:$1 / $1Sq Ft:2,494 / 1,988DOM:9 / 7New:1Total:2
6 Beds
Avg:$3,495Median:$3,495Range:$3,495 – $3,495PSF:$1 / $1Sq Ft:3,471 / 3,471DOM:22 / 22New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,757 | $2,039 | $1,175 – $2,099 | $6 / $7 | 321 / 300 | 39 / 1 | 0 | 5 |
| 1 Beds | $1,559 | $1,558 | $1,423 – $1,738 | $2 / $2 | 660 / 705 | 104 / 56 | 0 | 7 |
| 2 Beds | $2,168 | $1,850 | $1,795 – $2,800 | $2 / $2 | 1,243 / 1,200 | 79 / 4 | 1 | 5 |
| 3 Beds | $2,586 | $2,600 | $2,000 – $3,900 | $1 / $1 | 1,809 / 1,800 | 36 / 15 | 4 | 34 |
| 4 Beds | $2,871 | $2,650 | $2,200 – $4,000 | $1 / $1 | 2,305 / 2,174 | 16 / 9 | 2 | 16 |
| 5 Beds | $2,838 | $2,780 | $2,780 – $2,895 | $1 / $1 | 2,494 / 1,988 | 9 / 7 | 1 | 2 |
| 6 Beds | $3,495 | $3,495 | $3,495 – $3,495 | $1 / $1 | 3,471 / 3,471 | 22 / 22 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$419,364Median DOM:25New:42Total:155
Jan 2026
Median Price:$425,000Median DOM:15New:51Total:142
Feb 2026
Median Price:$430,640Median DOM:13New:47Total:130
Mar 2026
Median Price:$465,000Median DOM:7New:66Total:133
Apr 2026
Median Price:$441,000Median DOM:7New:64Total:154
May 2026
Median Price:$439,950Median DOM:8New:25Total:161
6-Month Rental Trend
Dec 2025
Median Rent:$2,200Median DOM:12New:29Total:62
Jan 2026
Median Rent:$2,250Median DOM:22New:23Total:69
Feb 2026
Median Rent:$2,400Median DOM:11New:35Total:87
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:12New:8Total:70
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 tightened.
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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