ZIP 23112 Housing Market Report
Richmond Metro
Report period: July 2026
23112 Monthly Market Update – July 2026
ZIP 23112 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$445,500
+0.1%
Median DOM (Sales)
16
+6.7%
New Listings (Sales)
72
−46.3%
Median Rent
$2,700
−1.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
99
+3.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (9 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($895,000 median)
Sales Market Overview
Median Price
$445,500
+0.1%
Median DOM
16
+6.7%
New Listings
72
−46.3%
Inventory
379
+2.2%
- Average Price: $524,423
- Median Price: $445,500
- Price Range: $74,950 – $6,000,000
- Price per Sq Ft (Avg/Median): $227 / $222
- Square Footage (Avg/Median): 2,267 / 2,062
- Square Footage Range: 888 – 5,609
- Days on Market (Avg/Median): 31 / 16
- Days on Market Range: 1 – 360
- New Listings: 72
- Total Listings: 379
Sales by Property Type
Condo
Avg/Median Price$361,253 / $364,990Range$249,000 – $419,950Price per Sq Ft$215 / $217Sq Ft1,704 / 1,599DOM19 / 9New16Total45
Land
Avg/Median Price$2,134,967 / $329,950Range$74,950 – $6,000,000Price per Sq Ft—Sq Ft—DOM159 / 74New0Total3
Single Family
Avg/Median Price$551,893 / $475,000Range$185,000 – $1,575,000Price per Sq Ft$232 / $225Sq Ft2,405 / 2,246DOM30 / 17New36Total276
Townhouse
Avg/Median Price$432,224 / $433,935Range$270,000 – $544,950Price per Sq Ft$216 / $216Sq Ft2,035 / 1,958DOM40 / 10New20Total55
Sales by Bedroom Count
2 Beds
Avg:$327,144Median:$318,400Range:$225,000 – $490,635PSF:$238 / $229Sq Ft:1,390 / 1,400DOM:24 / 12New:6Total:22
3 Beds
Avg:$408,173Median:$385,000Range:$185,000 – $931,510PSF:$233 / $227Sq Ft:1,788 / 1,617DOM:30 / 12New:34Total:168
4 Beds
Avg:$561,394Median:$485,000Range:$299,950 – $1,555,000PSF:$220 / $213Sq Ft:2,526 / 2,283DOM:28 / 20New:21Total:115
5 Beds
Avg:$699,548Median:$600,000Range:$389,000 – $1,475,000PSF:$220 / $204Sq Ft:3,151 / 3,068DOM:33 / 16New:10Total:64
6 Beds
Avg:$1,035,679Median:$895,000Range:$599,950 – $1,575,000PSF:$242 / $224Sq Ft:4,176 / 4,053DOM:57 / 49New:1Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $327,144 | $318,400 | $225,000 – $490,635 | $238 / $229 | 1,390 / 1,400 | 24 / 12 | 6 | 22 |
| 3 Beds | $408,173 | $385,000 | $185,000 – $931,510 | $233 / $227 | 1,788 / 1,617 | 30 / 12 | 34 | 168 |
| 4 Beds | $561,394 | $485,000 | $299,950 – $1,555,000 | $220 / $213 | 2,526 / 2,283 | 28 / 20 | 21 | 115 |
| 5 Beds | $699,548 | $600,000 | $389,000 – $1,475,000 | $220 / $204 | 3,151 / 3,068 | 33 / 16 | 10 | 64 |
| 6 Beds | $1,035,679 | $895,000 | $599,950 – $1,575,000 | $242 / $224 | 4,176 / 4,053 | 57 / 49 | 1 | 7 |
Rental Market Overview
Median Rent
$2,700
−1.0%
Median DOM
1
0.0%
New Listings
28
Inventory
99
+3.1%
- Average Rent: $2,688
- Median Rent: $2,700
- Rent Range: $1,286 – $6,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,865 / 1,800
- Square Footage Range: 650 – 5,306
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 331
- New Listings: 28
- Total Listings: 99
Rentals by Property Type
Apartment
$1,761
Median DOM: 151
Inventory: 9
MoM: −1.0%
Condo
$1,895
Median DOM: 1
Inventory: 1
MoM: −1.0%
Single Family
$2,600
Median DOM: 5
Inventory: 50
MoM: −1.0%
Townhouse
$2,746
Median DOM: 1
Inventory: 39
MoM: −1.0%
Apartment
Avg/Median Rent$1,974 / $1,761Range$1,286 – $2,900Rent per Sq Ft$2 / $2Sq Ft1,067 / 713DOM175 / 151New0Total9
Condo
Avg/Median Rent$1,895 / $1,895Range$1,895 – $1,895Rent per Sq Ft$2 / $2Sq Ft1,156 / 1,156DOM1 / 1New1Total1
Single Family
Avg/Median Rent$2,818 / $2,600Range$1,800 – $6,000Rent per Sq Ft$1 / $1Sq Ft2,062 / 1,866DOM17 / 5New17Total50
Townhouse
Avg/Median Rent$2,706 / $2,746Range$2,095 – $3,100Rent per Sq Ft$2 / $2Sq Ft1,803 / 1,800DOM7 / 1New10Total39
Rentals by Bedroom Count
1 Beds
Avg:$1,678Median:$1,582Range:$1,488 – $1,998PSF:$2 / $2Sq Ft:699 / 675DOM:241 / 151New:0Total:5
2 Beds
Avg:$1,923Median:$1,895Range:$1,286 – $2,415PSF:$2 / $2Sq Ft:1,214 / 1,156DOM:11 / 1New:1Total:4
3 Beds
Avg:$2,556Median:$2,600Range:$1,995 – $3,000PSF:$2 / $2Sq Ft:1,677 / 1,729DOM:13 / 1New:17Total:51
4 Beds
Avg:$2,917Median:$2,895Range:$1,800 – $5,400PSF:$1 / $1Sq Ft:2,223 / 2,060DOM:14 / 5New:7Total:34
5 Beds
Avg:$4,100Median:$3,200Range:$3,100 – $6,000PSF:$1 / $1Sq Ft:3,007 / 2,719DOM:8 / 1New:3Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,678 | $1,582 | $1,488 – $1,998 | $2 / $2 | 699 / 675 | 241 / 151 | 0 | 5 |
| 2 Beds | $1,923 | $1,895 | $1,286 – $2,415 | $2 / $2 | 1,214 / 1,156 | 11 / 1 | 1 | 4 |
| 3 Beds | $2,556 | $2,600 | $1,995 – $3,000 | $2 / $2 | 1,677 / 1,729 | 13 / 1 | 17 | 51 |
| 4 Beds | $2,917 | $2,895 | $1,800 – $5,400 | $1 / $1 | 2,223 / 2,060 | 14 / 5 | 7 | 34 |
| 5 Beds | $4,100 | $3,200 | $3,100 – $6,000 | $1 / $1 | 3,007 / 2,719 | 8 / 1 | 3 | 5 |
6-Month Sales Trend
Feb 2026
Median Price:$445,790Median DOM:18New:92Total:258
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:$445,500Median DOM:16New:72Total:379
6-Month Rental Trend
Feb 2026
Median Rent:$2,500Median DOM:8New:32Total:80
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:$2,700Median DOM:1New:28Total:99
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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