ZIP 23075 Housing Market Report
Richmond Metro
Report period: May 2026
23075 Monthly Market Update – May 2026
ZIP 23075 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$249,000
−0.4%
Median DOM (Sales)
10
−23.1%
New Listings (Sales)
10
−41.2%
Median Rent
$1,750
+9.4%
Median DOM (Rental)
7
−46.2%
Total Rental Listings
15
−6.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (5 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 4 Beds ($349,950 median)
Sales Market Overview
Median Price
$249,000
−0.4%
Median DOM
10
−23.1%
New Listings
10
−41.2%
Inventory
53
+3.9%
- Average Price: $240,424
- Median Price: $249,000
- Price Range: $17,500 – $496,000
- Price per Sq Ft (Avg/Median): $206 / $202
- Square Footage (Avg/Median): 1,254 / 1,102
- Square Footage Range: 480 – 3,028
- Days on Market (Avg/Median): 25 / 10
- Days on Market Range: 2 – 102
- New Listings: 10
- Total Listings: 53
Sales by Property Type
Land
Avg/Median Price$174,270 / $199,900Range$17,500 – $325,000Price per Sq Ft—Sq Ft—DOM39 / 27New0Total5
Single Family
Avg/Median Price$257,995 / $250,000Range$99,900 – $496,000Price per Sq Ft$213 / $208Sq Ft1,275 / 1,084DOM25 / 11New8Total41
Townhouse
Avg/Median Price$184,763 / $184,945Range$139,000 – $265,000Price per Sq Ft$162 / $168Sq Ft1,135 / 1,102DOM14 / 5New2Total7
Sales by Bedroom Count
1 Beds
Avg:$99,900Median:$99,900Range:$99,900 – $99,900PSF:$208 / $208Sq Ft:480 / 480DOM:4 / 4New:1Total:1
2 Beds
Avg:$207,167Median:$200,000Range:$187,500 – $234,000PSF:$210 / $170Sq Ft:1,041 / 1,102DOM:28 / 39New:1Total:3
3 Beds
Avg:$241,010Median:$249,000Range:$139,000 – $384,990PSF:$209 / $206Sq Ft:1,193 / 1,081DOM:22 / 10New:7Total:39
4 Beds
Avg:$350,068Median:$349,950Range:$219,990 – $496,000PSF:$178 / $183Sq Ft:1,999 / 2,128DOM:40 / 8New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $99,900 | $99,900 | $99,900 – $99,900 | $208 / $208 | 480 / 480 | 4 / 4 | 1 | 1 |
| 2 Beds | $207,167 | $200,000 | $187,500 – $234,000 | $210 / $170 | 1,041 / 1,102 | 28 / 39 | 1 | 3 |
| 3 Beds | $241,010 | $249,000 | $139,000 – $384,990 | $209 / $206 | 1,193 / 1,081 | 22 / 10 | 7 | 39 |
| 4 Beds | $350,068 | $349,950 | $219,990 – $496,000 | $178 / $183 | 1,999 / 2,128 | 40 / 8 | 1 | 5 |
Rental Market Overview
Median Rent
$1,750
+9.4%
Median DOM
7
−46.2%
New Listings
5
Inventory
15
−6.3%
- Average Rent: $1,654
- Median Rent: $1,750
- Rent Range: $875 – $2,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,082 / 1,040
- Square Footage Range: 783 – 1,729
- Days on Market (Avg/Median): 31 / 7
- Days on Market Range: 1 – 189
- New Listings: 5
- Total Listings: 15
Rentals by Property Type
Apartment
$1,395
Median DOM: 79
Inventory: 2
MoM: +9.4%
Condo
—
Median DOM: —
Inventory: —
MoM: +9.4%
Single Family
$1,750
Median DOM: 1
Inventory: 9
MoM: +9.4%
Townhouse
$1,795
Median DOM: 7
Inventory: 3
MoM: +9.4%
Apartment
Avg/Median Rent$1,395 / $1,395Range$1,395 – $1,395Rent per Sq Ft$2 / $2Sq Ft783 / 783DOM79 / 79New0Total2
Multi-Family
Avg/Median Rent$1,450 / $1,450Range$1,450 – $1,450Rent per Sq Ft$1 / $1Sq Ft1,100 / 1,100DOM73 / 73New0Total1
Single Family
Avg/Median Rent$1,788 / $1,750Range$1,495 – $2,200Rent per Sq Ft$2 / $2Sq Ft1,120 / 1,040DOM26 / 1New5Total9
Townhouse
Avg/Median Rent$1,490 / $1,795Range$875 – $1,800Rent per Sq Ft$1 / $1Sq Ft1,175 / 1,218DOM10 / 7New0Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,238Median:$875Range:$875 – $1,600PSF:$1 / $1Sq Ft:1,058 / 815DOM:1 / 1New:1Total:2
2 Beds
Avg:$1,434Median:$1,395Range:$1,395 – $1,495PSF:$2 / $2Sq Ft:889 / 783DOM:51 / 73New:0Total:4
3 Beds
Avg:$1,844Median:$1,800Range:$1,599 – $2,200PSF:$2 / $2Sq Ft:1,152 / 1,150DOM:28 / 7New:4Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,238 | $875 | $875 – $1,600 | $1 / $1 | 1,058 / 815 | 1 / 1 | 1 | 2 |
| 2 Beds | $1,434 | $1,395 | $1,395 – $1,495 | $2 / $2 | 889 / 783 | 51 / 73 | 0 | 4 |
| 3 Beds | $1,844 | $1,800 | $1,599 – $2,200 | $2 / $2 | 1,152 / 1,150 | 28 / 7 | 4 | 9 |
6-Month Sales Trend
Dec 2025
Median Price:$259,000Median DOM:24New:7Total:38
Jan 2026
Median Price:$254,900Median DOM:29New:7Total:29
Feb 2026
Median Price:$249,950Median DOM:25New:14Total:36
Mar 2026
Median Price:$249,950Median DOM:11New:13Total:44
Apr 2026
Median Price:$250,000Median DOM:13New:17Total:51
May 2026
Median Price:$249,000Median DOM:10New:10Total:53
6-Month Rental Trend
Dec 2025
Median Rent:$1,500Median DOM:17New:9Total:27
Jan 2026
Median Rent:$1,650Median DOM:22New:11Total:27
Feb 2026
Median Rent:$1,500Median DOM:32New:4Total:26
Mar 2026
Median Rent:$1,650Median DOM:31New:5Total:21
Apr 2026
Median Rent:$1,600Median DOM:13New:5Total:16
May 2026
Median Rent:$1,750Median DOM:7New:5Total:15
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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