ZIP 23083 Housing Market Report
Richmond Metro
Report period: August 2026
23083 Monthly Market Update – August 2026
ZIP 23083 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$325,000
0.0%
Median DOM (Sales)
32
+45.5%
New Listings (Sales)
0
−100.0%
Median Rent
$2,300
0.0%
Median DOM (Rental)
54
+22.7%
Total Rental Listings
3
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (32 DOM)
- Fastest renting: Single Family (30 DOM)
- Strongest bedroom: 4 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$325,000
0.0%
Median DOM
32
+45.5%
New Listings
0
−100.0%
Inventory
14
−12.5%
- Average Price: $519,486
- Median Price: $325,000
- Price Range: $150,000 – $1,100,000
- Price per Sq Ft (Avg/Median): $286 / $268
- Square Footage (Avg/Median): 1,880 / 1,512
- Square Footage Range: 936 – 3,494
- Days on Market (Avg/Median): 44 / 32
- Days on Market Range: 2 – 106
- New Listings: 0
- Total Listings: 14
Sales by Property Type
Land
Avg/Median Price$175,999 / $175,999Range$175,999 – $175,999Price per Sq Ft—Sq Ft—DOM79 / 79New0Total1
Single Family
Avg/Median Price$545,908 / $344,950Range$150,000 – $1,100,000Price per Sq Ft$286 / $268Sq Ft1,880 / 1,512DOM42 / 32New0Total13
Sales by Bedroom Count
2 Beds
Avg:$150,000Median:$150,000Range:$150,000 – $150,000PSF:$160 / $160Sq Ft:936 / 936DOM:45 / 45New:0Total:1
3 Beds
Avg:$474,680Median:$325,000Range:$279,000 – $989,999PSF:$270 / $267Sq Ft:1,834 / 1,305DOM:47 / 32New:0Total:10
4 Beds
Avg:$1,100,000Median:$1,100,000Range:$1,100,000 – $1,100,000PSF:$426 / $426Sq Ft:2,580 / 2,580DOM:17 / 2New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $150,000 | $150,000 | $150,000 – $150,000 | $160 / $160 | 936 / 936 | 45 / 45 | 0 | 1 |
| 3 Beds | $474,680 | $325,000 | $279,000 – $989,999 | $270 / $267 | 1,834 / 1,305 | 47 / 32 | 0 | 10 |
| 4 Beds | $1,100,000 | $1,100,000 | $1,100,000 – $1,100,000 | $426 / $426 | 2,580 / 2,580 | 17 / 2 | 0 | 2 |
Rental Market Overview
Median Rent
$2,300
0.0%
Median DOM
54
+22.7%
New Listings
0
Inventory
3
0.0%
- Average Rent: $2,133
- Median Rent: $2,300
- Rent Range: $1,600 – $2,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,202 / 1,713
- Square Footage Range: 1,713 – 2,691
- Days on Market (Avg/Median): 63 / 54
- Days on Market Range: 30 – 106
- New Listings: 0
- Total Listings: 3
Rentals by Property Type
Apartment
$2,500
Median DOM: 106
Inventory: 1
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,600
Median DOM: 30
Inventory: 2
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—DOM106 / 106New0Total1
Single Family
Avg/Median Rent$1,950 / $1,600Range$1,600 – $2,300Rent per Sq Ft$1 / $1Sq Ft2,202 / 1,713DOM42 / 30New0Total2
Rentals by Bedroom Count
2 Beds
Avg:$2,050Median:$1,600Range:$1,600 – $2,500PSF:$1 / $1Sq Ft:1,713 / 1,713DOM:68 / 30New:0Total:2
3 Beds
Avg:$2,300Median:$2,300Range:$2,300 – $2,300PSF:$1 / $1Sq Ft:2,691 / 2,691DOM:54 / 54New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $2,050 | $1,600 | $1,600 – $2,500 | $1 / $1 | 1,713 / 1,713 | 68 / 30 | 0 | 2 |
| 3 Beds | $2,300 | $2,300 | $2,300 – $2,300 | $1 / $1 | 2,691 / 2,691 | 54 / 54 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$199,999Median DOM:88New:2Total:5
Apr 2026
Median Price:$269,000Median DOM:21New:5Total:8
May 2026
Median Price:$360,000Median DOM:23New:6Total:12
Jun 2026
Median Price:$325,000Median DOM:23New:5Total:15
Jul 2026
Median Price:$325,000Median DOM:22New:5Total:16
Aug 2026
Median Price:$325,000Median DOM:32New:0Total:14
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:31New:0Total:4
Jun 2026
Median Rent:$2,000Median DOM:29New:2Total:4
Jul 2026
Median Rent:$2,300Median DOM:44New:0Total:3
Aug 2026
Median Rent:$2,300Median DOM:54New:0Total:3
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower 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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