ZIP 23111 Housing Market Report
Richmond Metro
Report period: July 2026
23111 Monthly Market Update – July 2026
ZIP 23111 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$464,990
+1.1%
Median DOM (Sales)
21
−4.5%
New Listings (Sales)
14
−71.4%
Median Rent
$2,200
0.0%
Median DOM (Rental)
14
−12.5%
Total Rental Listings
29
−3.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (14 DOM)
- Fastest renting: Single Family (9 DOM)
- Strongest bedroom: 5 Beds ($649,900 median)
Sales Market Overview
Median Price
$464,990
+1.1%
Median DOM
21
−4.5%
New Listings
14
−71.4%
Inventory
180
−2.7%
- Average Price: $509,513
- Median Price: $464,990
- Price Range: $250,000 – $1,700,000
- Price per Sq Ft (Avg/Median): $240 / $235
- Square Footage (Avg/Median): 2,149 / 1,952
- Square Footage Range: 850 – 5,477
- Days on Market (Avg/Median): 46 / 21
- Days on Market Range: 1 – 364
- New Listings: 14
- Total Listings: 180
Sales by Property Type
Condo
Avg/Median Price$467,495 / $459,990Range$459,990 – $475,000Price per Sq Ft$220 / $205Sq Ft2,136 / 1,960DOM70 / 14New0Total2
Land
Avg/Median Price$845,000 / $629,999Range$250,000 – $1,700,000Price per Sq Ft—Sq Ft—DOM208 / 132New0Total4
Single Family
Avg/Median Price$510,257 / $449,950Range$259,950 – $1,299,900Price per Sq Ft$240 / $237Sq Ft2,190 / 1,952DOM40 / 19New11Total149
Townhouse
Avg/Median Price$454,765 / $464,990Range$314,950 – $629,999Price per Sq Ft$241 / $234Sq Ft1,907 / 1,808DOM56 / 23New3Total25
Sales by Bedroom Count
2 Beds
Avg:$436,335Median:$440,900Range:$269,000 – $519,900PSF:$273 / $277Sq Ft:1,612 / 1,692DOM:70 / 41New:0Total:13
3 Beds
Avg:$432,781Median:$379,000Range:$259,950 – $889,000PSF:$247 / $245Sq Ft:1,774 / 1,665DOM:30 / 14New:9Total:88
4 Beds
Avg:$562,154Median:$499,950Range:$299,000 – $1,299,900PSF:$230 / $218Sq Ft:2,465 / 2,457DOM:53 / 22New:5Total:59
5 Beds
Avg:$713,012Median:$649,900Range:$441,900 – $1,195,000PSF:$210 / $217Sq Ft:3,481 / 3,223DOM:55 / 41New:0Total:16
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $436,335 | $440,900 | $269,000 – $519,900 | $273 / $277 | 1,612 / 1,692 | 70 / 41 | 0 | 13 |
| 3 Beds | $432,781 | $379,000 | $259,950 – $889,000 | $247 / $245 | 1,774 / 1,665 | 30 / 14 | 9 | 88 |
| 4 Beds | $562,154 | $499,950 | $299,000 – $1,299,900 | $230 / $218 | 2,465 / 2,457 | 53 / 22 | 5 | 59 |
| 5 Beds | $713,012 | $649,900 | $441,900 – $1,195,000 | $210 / $217 | 3,481 / 3,223 | 55 / 41 | 0 | 16 |
Rental Market Overview
Median Rent
$2,200
0.0%
Median DOM
14
−12.5%
New Listings
4
Inventory
29
−3.3%
- Average Rent: $2,126
- Median Rent: $2,200
- Rent Range: $1,395 – $2,795
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,469 / 1,404
- Square Footage Range: 720 – 2,750
- Days on Market (Avg/Median): 33 / 14
- Days on Market Range: 1 – 334
- New Listings: 4
- Total Listings: 29
Rentals by Property Type
Apartment
$1,423
Median DOM: 45
Inventory: 4
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,200
Median DOM: 9
Inventory: 22
MoM: 0.0%
Townhouse
$2,375
Median DOM: 32
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,499 / $1,423Range$1,395 – $1,599Rent per Sq Ft$2 / $2Sq Ft848 / 815DOM190 / 45New0Total4
Single Family
Avg/Median Rent$2,188 / $2,200Range$1,600 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,542 / 1,404DOM17 / 9New4Total22
Townhouse
Avg/Median Rent$2,507 / $2,375Range$2,350 – $2,795Rent per Sq Ft$1 / $2Sq Ft1,760 / 1,544DOM36 / 32New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,600Median:$1,600Range:$1,600 – $1,600PSF:$2 / $2Sq Ft:783 / 783DOM:83 / 83New:0Total:1
1 Beds
Avg:$1,579Median:$1,579Range:$1,579 – $1,579PSF:$2 / $2Sq Ft:720 / 720DOM:334 / 334New:0Total:1
2 Beds
Avg:$1,603Median:$1,423Range:$1,395 – $1,995PSF:$2 / $2Sq Ft:996 / 855DOM:23 / 1New:0Total:4
3 Beds
Avg:$2,199Median:$2,200Range:$1,795 – $2,600PSF:$2 / $2Sq Ft:1,506 / 1,510DOM:15 / 9New:4Total:17
4 Beds
Avg:$2,448Median:$2,395Range:$2,200 – $2,795PSF:$1 / $1Sq Ft:1,917 / 1,750DOM:23 / 7New:0Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,600 | $1,600 | $1,600 – $1,600 | $2 / $2 | 783 / 783 | 83 / 83 | 0 | 1 |
| 1 Beds | $1,579 | $1,579 | $1,579 – $1,579 | $2 / $2 | 720 / 720 | 334 / 334 | 0 | 1 |
| 2 Beds | $1,603 | $1,423 | $1,395 – $1,995 | $2 / $2 | 996 / 855 | 23 / 1 | 0 | 4 |
| 3 Beds | $2,199 | $2,200 | $1,795 – $2,600 | $2 / $2 | 1,506 / 1,510 | 15 / 9 | 4 | 17 |
| 4 Beds | $2,448 | $2,395 | $2,200 – $2,795 | $1 / $1 | 1,917 / 1,750 | 23 / 7 | 0 | 6 |
6-Month Sales Trend
Feb 2026
Median Price:$454,500Median DOM:24New:47Total:148
Mar 2026
Median Price:$454,990Median DOM:20New:66Total:174
Apr 2026
Median Price:$460,740Median DOM:18New:71Total:200
May 2026
Median Price:$459,990Median DOM:17New:64Total:203
Jun 2026
Median Price:$459,990Median DOM:22New:49Total:185
Jul 2026
Median Price:$464,990Median DOM:21New:14Total:180
6-Month Rental Trend
Feb 2026
Median Rent:$2,200Median DOM:11New:11Total:26
Mar 2026
Median Rent:$2,200Median DOM:14New:14Total:28
Apr 2026
Median Rent:$2,200Median DOM:14New:8Total:29
May 2026
Median Rent:$2,200Median DOM:12New:13Total:30
Jun 2026
Median Rent:$2,200Median DOM:16New:11Total:30
Jul 2026
Median Rent:$2,200Median DOM:14New:4Total:29
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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