ZIP 23103 Housing Market Report
Richmond Metro
Report period: May 2026
23103 Monthly Market Update – May 2026
ZIP 23103 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$869,900
+2.3%
Median DOM (Sales)
24
−17.2%
New Listings (Sales)
8
−61.9%
Median Rent
$2,750
0.0%
Median DOM (Rental)
14
+133.3%
Total Rental Listings
3
+50.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (16 DOM)
- Fastest renting: Single Family (14 DOM)
- Strongest bedroom: 5 Beds ($1,495,000 median)
Sales Market Overview
Median Price
$869,900
+2.3%
Median DOM
24
−17.2%
New Listings
8
−61.9%
Inventory
68
+1.5%
- Average Price: $1,031,186
- Median Price: $869,900
- Price Range: $218,000 – $3,725,000
- Price per Sq Ft (Avg/Median): $291 / $265
- Square Footage (Avg/Median): 3,574 / 3,244
- Square Footage Range: 1,256 – 9,088
- Days on Market (Avg/Median): 45 / 24
- Days on Market Range: 2 – 189
- New Listings: 8
- Total Listings: 68
Sales by Property Type
Land
Avg/Median Price$704,498 / $549,990Range$218,000 – $1,100,000Price per Sq Ft—Sq Ft—DOM117 / 84New0Total4
Single Family
Avg/Median Price$1,098,351 / $875,000Range$299,990 – $3,725,000Price per Sq Ft$294 / $267Sq Ft3,705 / 3,391DOM39 / 16New7Total58
Townhouse
Avg/Median Price$599,716 / $593,198Range$579,900 – $619,921Price per Sq Ft$260 / $257Sq Ft2,307 / 2,293DOM57 / 24New1Total6
Sales by Bedroom Count
2 Beds
Avg:$654,577Median:$600,000Range:$600,000 – $709,154PSF:$337 / $282Sq Ft:1,967 / 1,806DOM:30 / 10New:0Total:2
3 Beds
Avg:$715,680Median:$700,000Range:$299,990 – $1,475,000PSF:$286 / $267Sq Ft:2,548 / 2,293DOM:44 / 18New:4Total:26
4 Beds
Avg:$1,004,329Median:$875,000Range:$499,900 – $2,350,000PSF:$271 / $259Sq Ft:3,715 / 3,323DOM:39 / 13New:3Total:21
5 Beds
Avg:$1,957,268Median:$1,495,000Range:$965,000 – $3,725,000PSF:$350 / $303Sq Ft:5,517 / 5,769DOM:36 / 29New:1Total:11
6 Beds
Avg:$1,138,333Median:$1,195,000Range:$950,000 – $1,270,000PSF:$241 / $251Sq Ft:4,708 / 4,761DOM:46 / 59New:0Total:3
7 Beds
Avg:$1,350,000Median:$1,350,000Range:$1,350,000 – $1,350,000PSF:$237 / $237Sq Ft:5,687 / 5,687DOM:74 / 74New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $654,577 | $600,000 | $600,000 – $709,154 | $337 / $282 | 1,967 / 1,806 | 30 / 10 | 0 | 2 |
| 3 Beds | $715,680 | $700,000 | $299,990 – $1,475,000 | $286 / $267 | 2,548 / 2,293 | 44 / 18 | 4 | 26 |
| 4 Beds | $1,004,329 | $875,000 | $499,900 – $2,350,000 | $271 / $259 | 3,715 / 3,323 | 39 / 13 | 3 | 21 |
| 5 Beds | $1,957,268 | $1,495,000 | $965,000 – $3,725,000 | $350 / $303 | 5,517 / 5,769 | 36 / 29 | 1 | 11 |
| 6 Beds | $1,138,333 | $1,195,000 | $950,000 – $1,270,000 | $241 / $251 | 4,708 / 4,761 | 46 / 59 | 0 | 3 |
| 7 Beds | $1,350,000 | $1,350,000 | $1,350,000 – $1,350,000 | $237 / $237 | 5,687 / 5,687 | 74 / 74 | 0 | 1 |
Rental Market Overview
Median Rent
$2,750
0.0%
Median DOM
14
+133.3%
New Listings
1
Inventory
3
+50.0%
- Average Rent: $3,583
- Median Rent: $2,750
- Rent Range: $1,500 – $6,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,562 / 1,123
- Square Footage Range: 1,123 – 2,000
- Days on Market (Avg/Median): 10 / 14
- Days on Market Range: 3 – 14
- New Listings: 1
- Total Listings: 3
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,750
Median DOM: 14
Inventory: 3
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$3,583 / $2,750Range$1,500 – $6,500Rent per Sq Ft$1 / $1Sq Ft1,562 / 1,123DOM10 / 14New1Total3
Rentals by Bedroom Count
2 Beds
Avg:$1,500Median:$1,500Range:$1,500 – $1,500PSF:$1 / $1Sq Ft:1,123 / 1,123DOM:3 / 3New:1Total:1
4 Beds
Avg:$4,625Median:$2,750Range:$2,750 – $6,500PSF:$1 / $1Sq Ft:2,000 / 2,000DOM:14 / 14New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,500 | $1,500 | $1,500 – $1,500 | $1 / $1 | 1,123 / 1,123 | 3 / 3 | 1 | 1 |
| 4 Beds | $4,625 | $2,750 | $2,750 – $6,500 | $1 / $1 | 2,000 / 2,000 | 14 / 14 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$779,000Median DOM:65New:5Total:36
Jan 2026
Median Price:$769,900Median DOM:65New:9Total:33
Feb 2026
Median Price:$790,000Median DOM:26New:15Total:38
Mar 2026
Median Price:$790,000Median DOM:21New:21Total:54
Apr 2026
Median Price:$850,000Median DOM:29New:21Total:67
May 2026
Median Price:$869,900Median DOM:24New:8Total:68
6-Month Rental Trend
Dec 2025
Median Rent:$1,995Median DOM:1New:0Total:3
Jan 2026
Median Rent:$1,400Median DOM:23New:0Total:1
Mar 2026
Median Rent:$2,750Median DOM:14New:1Total:1
Apr 2026
Median Rent:$2,750Median DOM:6New:1Total:2
May 2026
Median Rent:$2,750Median DOM:14New:1Total:3
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory increased.
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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