ZIP 23112 Housing Market Report
Richmond Metro
Report period: August 2026
23112 Monthly Market Update – August 2026
ZIP 23112 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$459,000
0.0%
Median DOM (Sales)
23
+4.5%
New Listings (Sales)
55
−56.7%
Median Rent
$2,650
+1.9%
Median DOM (Rental)
3
0.0%
Total Rental Listings
99
−1.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (8 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,199,950 median)
Sales Market Overview
Median Price
$459,000
0.0%
Median DOM
23
+4.5%
New Listings
55
−56.7%
Inventory
369
+3.1%
- Average Price: $542,488
- Median Price: $459,000
- Price Range: $74,950 – $6,000,000
- Price per Sq Ft (Avg/Median): $225 / $219
- Square Footage (Avg/Median): 2,369 / 2,170
- Square Footage Range: 888 – 7,273
- Days on Market (Avg/Median): 37 / 23
- Days on Market Range: 2 – 364
- New Listings: 55
- Total Listings: 369
Sales by Property Type
Condo
Avg/Median Price$353,899 / $358,500Range$245,000 – $434,985Price per Sq Ft$217 / $219Sq Ft1,656 / 1,599DOM21 / 8New18Total51
Land
Avg/Median Price$3,037,475 / $74,950Range$74,950 – $6,000,000Price per Sq Ft—Sq Ft—DOM214 / 63New0Total2
Single Family
Avg/Median Price$582,425 / $500,000Range$210,000 – $1,850,000Price per Sq Ft$228 / $222Sq Ft2,574 / 2,476DOM38 / 25New20Total263
Townhouse
Avg/Median Price$431,633 / $423,935Range$270,000 – $544,950Price per Sq Ft$215 / $216Sq Ft2,036 / 1,958DOM43 / 21New17Total53
Sales by Bedroom Count
2 Beds
Avg:$324,898Median:$318,400Range:$210,000 – $490,635PSF:$232 / $228Sq Ft:1,407 / 1,400DOM:25 / 18New:7Total:28
3 Beds
Avg:$406,253Median:$399,900Range:$225,000 – $931,510PSF:$231 / $226Sq Ft:1,803 / 1,629DOM:36 / 20New:25Total:153
4 Beds
Avg:$569,463Median:$499,000Range:$319,000 – $1,555,000PSF:$217 / $211Sq Ft:2,601 / 2,510DOM:36 / 25New:18Total:114
5 Beds
Avg:$716,195Median:$619,000Range:$380,000 – $1,750,000PSF:$214 / $202Sq Ft:3,325 / 3,217DOM:38 / 24New:4Total:60
6 Beds
Avg:$1,246,574Median:$1,199,950Range:$579,900 – $1,850,000PSF:$250 / $254Sq Ft:4,852 / 4,415DOM:54 / 29New:1Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $324,898 | $318,400 | $210,000 – $490,635 | $232 / $228 | 1,407 / 1,400 | 25 / 18 | 7 | 28 |
| 3 Beds | $406,253 | $399,900 | $225,000 – $931,510 | $231 / $226 | 1,803 / 1,629 | 36 / 20 | 25 | 153 |
| 4 Beds | $569,463 | $499,000 | $319,000 – $1,555,000 | $217 / $211 | 2,601 / 2,510 | 36 / 25 | 18 | 114 |
| 5 Beds | $716,195 | $619,000 | $380,000 – $1,750,000 | $214 / $202 | 3,325 / 3,217 | 38 / 24 | 4 | 60 |
| 6 Beds | $1,246,574 | $1,199,950 | $579,900 – $1,850,000 | $250 / $254 | 4,852 / 4,415 | 54 / 29 | 1 | 12 |
Rental Market Overview
Median Rent
$2,650
+1.9%
Median DOM
3
0.0%
New Listings
21
Inventory
99
−1.0%
- Average Rent: $2,625
- Median Rent: $2,650
- Rent Range: $1,286 – $6,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,845 / 1,800
- Square Footage Range: 650 – 5,306
- Days on Market (Avg/Median): 21 / 3
- Days on Market Range: 1 – 361
- New Listings: 21
- Total Listings: 99
Rentals by Property Type
Apartment
$1,655
Median DOM: 181
Inventory: 9
MoM: +1.9%
Condo
$1,895
Median DOM: 1
Inventory: 2
MoM: +1.9%
Single Family
$2,595
Median DOM: 8
Inventory: 51
MoM: +1.9%
Townhouse
$2,750
Median DOM: 1
Inventory: 37
MoM: +1.9%
Apartment
Avg/Median Rent$1,921 / $1,655Range$1,286 – $2,900Rent per Sq Ft$2 / $2Sq Ft1,011 / 689DOM195 / 181New0Total9
Condo
Avg/Median Rent$1,922 / $1,895Range$1,895 – $1,949Rent per Sq Ft$2 / $2Sq Ft1,186 / 1,156DOM1 / 1New1Total2
Single Family
Avg/Median Rent$2,699 / $2,595Range$1,600 – $6,000Rent per Sq Ft$1 / $1Sq Ft2,001 / 1,854DOM20 / 8New12Total51
Townhouse
Avg/Median Rent$2,731 / $2,750Range$2,095 – $3,120Rent per Sq Ft$2 / $2Sq Ft1,849 / 1,800DOM8 / 1New8Total37
Rentals by Bedroom Count
1 Beds
Avg:$1,720Median:$1,635Range:$1,493 – $2,010PSF:$2 / $2Sq Ft:698 / 675DOM:271 / 181New:0Total:6
2 Beds
Avg:$1,806Median:$1,895Range:$1,286 – $2,095PSF:$2 / $2Sq Ft:1,239 / 1,216DOM:8 / 1New:1Total:4
3 Beds
Avg:$2,504Median:$2,500Range:$1,895 – $3,000PSF:$2 / $2Sq Ft:1,636 / 1,698DOM:18 / 7New:7Total:45
4 Beds
Avg:$2,798Median:$2,895Range:$1,600 – $3,900PSF:$1 / $1Sq Ft:2,168 / 2,010DOM:13 / 2New:12Total:39
5 Beds
Avg:$4,100Median:$3,200Range:$3,100 – $6,000PSF:$1 / $1Sq Ft:3,007 / 2,719DOM:9 / 1New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,720 | $1,635 | $1,493 – $2,010 | $2 / $2 | 698 / 675 | 271 / 181 | 0 | 6 |
| 2 Beds | $1,806 | $1,895 | $1,286 – $2,095 | $2 / $2 | 1,239 / 1,216 | 8 / 1 | 1 | 4 |
| 3 Beds | $2,504 | $2,500 | $1,895 – $3,000 | $2 / $2 | 1,636 / 1,698 | 18 / 7 | 7 | 45 |
| 4 Beds | $2,798 | $2,895 | $1,600 – $3,900 | $1 / $1 | 2,168 / 2,010 | 13 / 2 | 12 | 39 |
| 5 Beds | $4,100 | $3,200 | $3,100 – $6,000 | $1 / $1 | 3,007 / 2,719 | 9 / 1 | 1 | 5 |
6-Month Sales Trend
Mar 2026
Median Price:$440,000Median DOM:9New:133Total:281
Apr 2026
Median Price:$447,000Median DOM:10New:142Total:334
May 2026
Median Price:$445,999Median DOM:11New:154Total:358
Jun 2026
Median Price:$445,000Median DOM:15New:134Total:371
Jul 2026
Median Price:$459,000Median DOM:22New:127Total:358
Aug 2026
Median Price:$459,000Median DOM:23New:55Total:369
6-Month Rental Trend
Mar 2026
Median Rent:$2,500Median DOM:12New:26Total:78
Apr 2026
Median Rent:$2,600Median DOM:9New:29Total:73
May 2026
Median Rent:$2,726Median DOM:1New:45Total:91
Jun 2026
Median Rent:$2,726Median DOM:1New:41Total:96
Jul 2026
Median Rent:$2,600Median DOM:3New:42Total:100
Aug 2026
Median Rent:$2,650Median DOM:3New:21Total:99
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower 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.
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