ZIP 23103 Housing Market Report
Richmond Metro
Report period: August 2026
23103 Monthly Market Update – August 2026
ZIP 23103 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$799,950
−1.8%
Median DOM (Sales)
37
−2.6%
New Listings (Sales)
7
−56.3%
Median Rent
$6,500
+333.3%
Median DOM (Rental)
14
+366.7%
Total Rental Listings
1
−50.0%
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: Land (13 DOM)
- Fastest renting: Single Family (14 DOM)
- Strongest bedroom: 6 Beds ($1,750,000 median)
Sales Market Overview
Median Price
$799,950
−1.8%
Median DOM
37
−2.6%
New Listings
7
−56.3%
Inventory
63
−1.6%
- Average Price: $1,140,146
- Median Price: $799,950
- Price Range: $218,000 – $6,900,000
- Price per Sq Ft (Avg/Median): $288 / $264
- Square Footage (Avg/Median): 3,854 / 3,244
- Square Footage Range: 1,066 – 9,342
- Days on Market (Avg/Median): 62 / 37
- Days on Market Range: 2 – 266
- New Listings: 7
- Total Listings: 63
Sales by Property Type
Land
Avg/Median Price$396,136 / $240,000Range$218,000 – $1,100,000Price per Sq Ft—Sq Ft—DOM68 / 13New1Total7
Single Family
Avg/Median Price$1,281,654 / $849,950Range$364,900 – $6,900,000Price per Sq Ft$290 / $269Sq Ft3,975 / 3,608DOM57 / 34New6Total52
Townhouse
Avg/Median Price$602,549 / $594,900Range$589,900 – $619,921Price per Sq Ft$261 / $257Sq Ft2,314 / 2,293DOM113 / 106New0Total4
Sales by Bedroom Count
2 Beds
Avg:$711,317Median:$699,900Range:$699,900 – $722,734PSF:$380 / $372Sq Ft:1,875 / 1,806DOM:48 / 3New:1Total:2
3 Beds
Avg:$689,804Median:$699,000Range:$364,900 – $869,900PSF:$265 / $257Sq Ft:2,704 / 2,677DOM:71 / 48New:2Total:23
4 Beds
Avg:$1,225,603Median:$919,900Range:$575,000 – $2,500,000PSF:$280 / $242Sq Ft:4,376 / 4,231DOM:51 / 23New:2Total:17
5 Beds
Avg:$1,909,350Median:$1,495,000Range:$750,000 – $3,050,000PSF:$337 / $303Sq Ft:5,489 / 5,195DOM:57 / 34New:1Total:11
6 Beds
Avg:$4,325,000Median:$1,750,000Range:$1,750,000 – $6,900,000PSF:$314 / $314Sq Ft:5,573 / 5,573DOM:78 / 73New:0Total:2
7 Beds
Avg:$1,279,999Median:$1,279,999Range:$1,279,999 – $1,279,999PSF:$225 / $225Sq Ft:5,687 / 5,687DOM:27 / 27New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $711,317 | $699,900 | $699,900 – $722,734 | $380 / $372 | 1,875 / 1,806 | 48 / 3 | 1 | 2 |
| 3 Beds | $689,804 | $699,000 | $364,900 – $869,900 | $265 / $257 | 2,704 / 2,677 | 71 / 48 | 2 | 23 |
| 4 Beds | $1,225,603 | $919,900 | $575,000 – $2,500,000 | $280 / $242 | 4,376 / 4,231 | 51 / 23 | 2 | 17 |
| 5 Beds | $1,909,350 | $1,495,000 | $750,000 – $3,050,000 | $337 / $303 | 5,489 / 5,195 | 57 / 34 | 1 | 11 |
| 6 Beds | $4,325,000 | $1,750,000 | $1,750,000 – $6,900,000 | $314 / $314 | 5,573 / 5,573 | 78 / 73 | 0 | 2 |
| 7 Beds | $1,279,999 | $1,279,999 | $1,279,999 – $1,279,999 | $225 / $225 | 5,687 / 5,687 | 27 / 27 | 0 | 1 |
Rental Market Overview
Median Rent
$6,500
+333.3%
Median DOM
14
+366.7%
New Listings
0
Inventory
1
−50.0%
- Average Rent: $6,500
- Median Rent: $6,500
- Rent Range: $6,500 – $6,500
- Rent per Sq Ft (Avg/Median): —
- Square Footage (Avg/Median): —
- Square Footage Range: —
- Days on Market (Avg/Median): 14 / 14
- Days on Market Range: 14 – 14
- New Listings: 0
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: +333.3%
Condo
—
Median DOM: —
Inventory: —
MoM: +333.3%
Single Family
$6,500
Median DOM: 14
Inventory: 1
MoM: +333.3%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +333.3%
Single Family
Avg/Median Rent$6,500 / $6,500Range$6,500 – $6,500Rent per Sq Ft—Sq Ft—DOM14 / 14New0Total1
Rentals by Bedroom Count
4 Beds
Avg:$6,500Median:$6,500Range:$6,500 – $6,500PSF:—Sq Ft:—DOM:14 / 14New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 4 Beds | $6,500 | $6,500 | $6,500 – $6,500 | — | — | 14 / 14 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$790,000Median DOM:21New:21Total:54
Apr 2026
Median Price:$850,000Median DOM:29New:21Total:67
May 2026
Median Price:$850,000Median DOM:35New:13Total:62
Jun 2026
Median Price:$819,000Median DOM:39New:19Total:66
Jul 2026
Median Price:$814,950Median DOM:38New:16Total:64
Aug 2026
Median Price:$799,950Median DOM:37New:7Total:63
6-Month Rental Trend
Mar 2026
Median Rent:$2,750Median DOM:14New:1Total:1
Apr 2026
Median Rent:$2,750Median DOM:6New:1Total:2
May 2026
Median Rent:$1,500Median DOM:3New:1Total:2
Jun 2026
Median Rent:$1,500Median DOM:3New:0Total:2
Jul 2026
Median Rent:$6,500Median DOM:14New:0Total:1
Key Market Takeaways
Median sale prices softened this month while inventory compressed. 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro