ZIP 23112 Housing Market Report
Richmond Metro
Report period: May 2026
23112 Monthly Market Update – May 2026
ZIP 23112 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$441,274
−1.3%
Median DOM (Sales)
11
+10.0%
New Listings (Sales)
52
−63.4%
Median Rent
$2,700
+3.8%
Median DOM (Rental)
7
−22.2%
Total Rental Listings
85
+16.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (9 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 7 Beds ($1,995,000 median)
Sales Market Overview
Median Price
$441,274
−1.3%
Median DOM
11
+10.0%
New Listings
52
−63.4%
Inventory
345
+3.3%
- Average Price: $522,186
- Median Price: $441,274
- Price Range: $225,000 – $6,000,000
- Price per Sq Ft (Avg/Median): $229 / $223
- Square Footage (Avg/Median): 2,237 / 1,984
- Square Footage Range: 888 – 6,536
- Days on Market (Avg/Median): 29 / 11
- Days on Market Range: 1 – 362
- New Listings: 52
- Total Listings: 345
Sales by Property Type
Condo
Avg/Median Price$349,036 / $364,245Range$235,000 – $460,000Price per Sq Ft$221 / $225Sq Ft1,599 / 1,599DOM30 / 12New9Total36
Land
Avg/Median Price$3,164,975 / $329,950Range$329,950 – $6,000,000Price per Sq Ft—Sq Ft—DOM160 / 70New0Total2
Single Family
Avg/Median Price$546,077 / $459,000Range$225,000 – $1,995,000Price per Sq Ft$235 / $226Sq Ft2,366 / 2,062DOM23 / 9New30Total250
Townhouse
Avg/Median Price$434,031 / $445,790Range$275,950 – $544,950Price per Sq Ft$213 / $215Sq Ft2,075 / 2,076DOM48 / 12New13Total57
Sales by Bedroom Count
1 Beds
Avg:$235,000Median:$235,000Range:$235,000 – $235,000PSF:$238 / $238Sq Ft:988 / 988DOM:2 / 2New:0Total:1
2 Beds
Avg:$322,123Median:$310,000Range:$233,000 – $429,900PSF:$239 / $228Sq Ft:1,368 / 1,363DOM:30 / 10New:3Total:22
3 Beds
Avg:$406,018Median:$389,950Range:$254,000 – $739,950PSF:$237 / $233Sq Ft:1,755 / 1,617DOM:30 / 12New:24Total:156
4 Beds
Avg:$544,653Median:$485,000Range:$225,000 – $1,555,000PSF:$219 / $218Sq Ft:2,494 / 2,254DOM:25 / 9New:15Total:111
5 Beds
Avg:$776,724Median:$599,000Range:$379,421 – $1,995,000PSF:$226 / $209Sq Ft:3,342 / 3,328DOM:27 / 9New:9Total:45
6 Beds
Avg:$822,813Median:$724,900Range:$634,990 – $1,399,950PSF:$201 / $189Sq Ft:4,102 / 4,090DOM:30 / 17New:1Total:7
7 Beds
Avg:$1,995,000Median:$1,995,000Range:$1,995,000 – $1,995,000PSF:$305 / $305Sq Ft:6,536 / 6,536DOM:12 / 12New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $235,000 | $235,000 | $235,000 – $235,000 | $238 / $238 | 988 / 988 | 2 / 2 | 0 | 1 |
| 2 Beds | $322,123 | $310,000 | $233,000 – $429,900 | $239 / $228 | 1,368 / 1,363 | 30 / 10 | 3 | 22 |
| 3 Beds | $406,018 | $389,950 | $254,000 – $739,950 | $237 / $233 | 1,755 / 1,617 | 30 / 12 | 24 | 156 |
| 4 Beds | $544,653 | $485,000 | $225,000 – $1,555,000 | $219 / $218 | 2,494 / 2,254 | 25 / 9 | 15 | 111 |
| 5 Beds | $776,724 | $599,000 | $379,421 – $1,995,000 | $226 / $209 | 3,342 / 3,328 | 27 / 9 | 9 | 45 |
| 6 Beds | $822,813 | $724,900 | $634,990 – $1,399,950 | $201 / $189 | 4,102 / 4,090 | 30 / 17 | 1 | 7 |
| 7 Beds | $1,995,000 | $1,995,000 | $1,995,000 – $1,995,000 | $305 / $305 | 6,536 / 6,536 | 12 / 12 | 0 | 1 |
Rental Market Overview
Median Rent
$2,700
+3.8%
Median DOM
7
−22.2%
New Listings
25
Inventory
85
+16.4%
- Average Rent: $2,579
- Median Rent: $2,700
- Rent Range: $1,286 – $5,400
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,808 / 1,800
- Square Footage Range: 650 – 3,678
- Days on Market (Avg/Median): 19 / 7
- Days on Market Range: 1 – 270
- New Listings: 25
- Total Listings: 85
Rentals by Property Type
Apartment
$1,718
Median DOM: 90
Inventory: 9
MoM: +3.8%
Condo
$1,795
Median DOM: 14
Inventory: 2
MoM: +3.8%
Single Family
$2,500
Median DOM: 8
Inventory: 38
MoM: +3.8%
Townhouse
$2,750
Median DOM: 1
Inventory: 36
MoM: +3.8%
Apartment
Avg/Median Rent$1,890 / $1,718Range$1,286 – $2,900Rent per Sq Ft$2 / $2Sq Ft1,023 / 713DOM123 / 90New1Total9
Condo
Avg/Median Rent$1,795 / $1,795Range$1,795 – $1,795Rent per Sq Ft$1 / $1Sq Ft1,273 / 1,227DOM19 / 14New0Total2
Single Family
Avg/Median Rent$2,637 / $2,500Range$1,920 – $5,400Rent per Sq Ft$1 / $1Sq Ft1,916 / 1,870DOM19 / 8New10Total38
Townhouse
Avg/Median Rent$2,733 / $2,750Range$2,200 – $3,000Rent per Sq Ft$1 / $2Sq Ft1,898 / 1,800DOM10 / 1New14Total36
Rentals by Bedroom Count
1 Beds
Avg:$1,674Median:$1,599Range:$1,333 – $1,998PSF:$2 / $2Sq Ft:714 / 675DOM:180 / 90New:0Total:6
2 Beds
Avg:$1,974Median:$1,795Range:$1,286 – $2,595PSF:$1 / $1Sq Ft:1,532 / 1,319DOM:13 / 14New:0Total:5
3 Beds
Avg:$2,542Median:$2,726Range:$1,920 – $3,100PSF:$2 / $2Sq Ft:1,707 / 1,729DOM:17 / 1New:16Total:44
4 Beds
Avg:$2,915Median:$2,800Range:$2,350 – $5,400PSF:$1 / $1Sq Ft:2,211 / 2,075DOM:12 / 8New:9Total:30
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,674 | $1,599 | $1,333 – $1,998 | $2 / $2 | 714 / 675 | 180 / 90 | 0 | 6 |
| 2 Beds | $1,974 | $1,795 | $1,286 – $2,595 | $1 / $1 | 1,532 / 1,319 | 13 / 14 | 0 | 5 |
| 3 Beds | $2,542 | $2,726 | $1,920 – $3,100 | $2 / $2 | 1,707 / 1,729 | 17 / 1 | 16 | 44 |
| 4 Beds | $2,915 | $2,800 | $2,350 – $5,400 | $1 / $1 | 2,211 / 2,075 | 12 / 8 | 9 | 30 |
6-Month Sales Trend
Dec 2025
Median Price:$439,950Median DOM:27New:79Total:257
Jan 2026
Median Price:$435,950Median DOM:27New:90Total:246
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:$441,274Median DOM:11New:52Total:345
6-Month Rental Trend
Dec 2025
Median Rent:$2,500Median DOM:6New:29Total:75
Jan 2026
Median Rent:$2,500Median DOM:13New:34Total:71
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:$2,700Median DOM:7New:25Total:85
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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