ZIP 23083 Housing Market Report
Richmond Metro
Report period: May 2026
23083 Monthly Market Update – May 2026
ZIP 23083 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$260,000
−3.3%
Median DOM (Sales)
19
−9.5%
New Listings (Sales)
2
−60.0%
Median Rent
$2,000
0.0%
Median DOM (Rental)
26
+44.4%
Total Rental Listings
4
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Land (8 DOM)
- Fastest renting: Single Family (26 DOM)
- Strongest bedroom: 4 Beds ($545,000 median)
Sales Market Overview
Median Price
$260,000
−3.3%
Median DOM
19
−9.5%
New Listings
2
−60.0%
Inventory
8
0.0%
- Average Price: $426,750
- Median Price: $260,000
- Price Range: $120,000 – $875,000
- Price per Sq Ft (Avg/Median): $233 / $187
- Square Footage (Avg/Median): 2,110 / 1,536
- Square Footage Range: 1,125 – 3,347
- Days on Market (Avg/Median): 19 / 19
- Days on Market Range: 2 – 43
- New Listings: 2
- Total Listings: 8
Sales by Property Type
Land
Avg/Median Price$199,999 / $199,999Range$199,999 – $199,999Price per Sq Ft—Sq Ft—DOM8 / 8New1Total1
Single Family
Avg/Median Price$459,143 / $450,000Range$120,000 – $875,000Price per Sq Ft$233 / $187Sq Ft2,110 / 1,536DOM21 / 19New1Total7
Sales by Bedroom Count
3 Beds
Avg:$426,250Median:$260,000Range:$120,000 – $875,000PSF:$287 / $171Sq Ft:1,424 / 1,512DOM:23 / 19New:1Total:4
4 Beds
Avg:$545,000Median:$545,000Range:$545,000 – $545,000PSF:$187 / $187Sq Ft:2,915 / 2,915DOM:23 / 23New:0Total:1
5 Beds
Avg:$482,000Median:$165,000Range:$165,000 – $799,000PSF:$149 / $59Sq Ft:3,080 / 2,814DOM:15 / 2New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $426,250 | $260,000 | $120,000 – $875,000 | $287 / $171 | 1,424 / 1,512 | 23 / 19 | 1 | 4 |
| 4 Beds | $545,000 | $545,000 | $545,000 – $545,000 | $187 / $187 | 2,915 / 2,915 | 23 / 23 | 0 | 1 |
| 5 Beds | $482,000 | $165,000 | $165,000 – $799,000 | $149 / $59 | 3,080 / 2,814 | 15 / 2 | 0 | 2 |
Rental Market Overview
Median Rent
$2,000
0.0%
Median DOM
26
+44.4%
New Listings
0
Inventory
4
0.0%
- Average Rent: $2,050
- Median Rent: $2,000
- Rent Range: $1,200 – $2,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,993 / 1,582
- Square Footage Range: 1,200 – 3,196
- Days on Market (Avg/Median): 31 / 26
- Days on Market Range: 19 – 49
- New Listings: 0
- Total Listings: 4
Rentals by Property Type
Apartment
$2,500
Median DOM: 49
Inventory: 1
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,000
Median DOM: 26
Inventory: 3
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft—Sq Ft—DOM49 / 49New0Total1
Single Family
Avg/Median Rent$1,900 / $2,000Range$1,200 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,993 / 1,582DOM25 / 26New0Total3
Rentals by Bedroom Count
2 Beds
Avg:$2,500Median:$2,500Range:$2,500 – $2,500PSF:—Sq Ft:—DOM:49 / 49New:0Total:1
3 Beds
Avg:$1,900Median:$2,000Range:$1,200 – $2,500PSF:$1 / $1Sq Ft:1,993 / 1,582DOM:25 / 26New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $2,500 | $2,500 | $2,500 – $2,500 | — | — | 49 / 49 | 0 | 1 |
| 3 Beds | $1,900 | $2,000 | $1,200 – $2,500 | $1 / $1 | 1,993 / 1,582 | 25 / 26 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$374,950Median DOM:114New:1Total:11
Jan 2026
Median Price:$339,000Median DOM:73New:2Total:10
Feb 2026
Median Price:$274,900Median DOM:66New:0Total:8
Mar 2026
Median Price:$199,999Median DOM:88New:2Total:5
Apr 2026
Median Price:$269,000Median DOM:21New:5Total:8
May 2026
Median Price:$260,000Median DOM:19New:2Total:8
6-Month Rental Trend
Mar 2026
Median Rent:$1,200Median DOM:8New:2Total:2
Apr 2026
Median Rent:$2,000Median DOM:18New:2Total:4
May 2026
Median Rent:$2,000Median DOM:26New:0Total:4
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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