ZIP 23113 Housing Market Report
Richmond Metro
Report period: May 2026
23113 Monthly Market Update – May 2026
ZIP 23113 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$721,975
+3.3%
Median DOM (Sales)
8
−11.1%
New Listings (Sales)
21
−58.8%
Median Rent
$2,295
−8.2%
Median DOM (Rental)
24
0.0%
Total Rental Listings
26
−10.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (6 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($1,400,000 median)
Sales Market Overview
Median Price
$721,975
+3.3%
Median DOM
8
−11.1%
New Listings
21
−58.8%
Inventory
117
+14.7%
- Average Price: $784,324
- Median Price: $721,975
- Price Range: $150,000 – $2,999,950
- Price per Sq Ft (Avg/Median): $236 / $228
- Square Footage (Avg/Median): 3,327 / 3,145
- Square Footage Range: 816 – 9,110
- Days on Market (Avg/Median): 24 / 8
- Days on Market Range: 2 – 347
- New Listings: 21
- Total Listings: 117
Sales by Property Type
Condo
Avg/Median Price$335,312 / $299,900Range$250,000 – $649,000Price per Sq Ft$228 / $219Sq Ft1,477 / 1,396DOM18 / 7New3Total12
Land
Avg/Median Price$299,950 / $299,950Range$299,950 – $299,950Price per Sq Ft—Sq Ft—DOM41 / 41New0Total1
Single Family
Avg/Median Price$909,282 / $849,000Range$150,000 – $2,999,950Price per Sq Ft$237 / $228Sq Ft3,824 / 3,622DOM25 / 6New13Total82
Townhouse
Avg/Median Price$585,506 / $596,140Range$389,990 – $755,030Price per Sq Ft$238 / $230Sq Ft2,483 / 2,138DOM22 / 18New5Total22
Sales by Bedroom Count
2 Beds
Avg:$324,000Median:$255,000Range:$250,000 – $539,000PSF:$253 / $219Sq Ft:1,258 / 1,164DOM:11 / 3New:2Total:6
3 Beds
Avg:$487,196Median:$465,000Range:$150,000 – $1,050,000PSF:$232 / $229Sq Ft:2,082 / 2,050DOM:25 / 14New:5Total:29
4 Beds
Avg:$762,324Median:$699,000Range:$374,950 – $1,560,000PSF:$233 / $232Sq Ft:3,269 / 2,951DOM:28 / 6New:6Total:42
5 Beds
Avg:$1,036,213Median:$879,950Range:$325,000 – $2,900,000PSF:$251 / $233Sq Ft:4,093 / 3,827DOM:25 / 7New:7Total:27
6 Beds
Avg:$1,250,328Median:$1,075,000Range:$769,000 – $2,999,950PSF:$223 / $213Sq Ft:5,411 / 5,045DOM:9 / 4New:1Total:9
7 Beds
Avg:$1,381,667Median:$1,400,000Range:$1,250,000 – $1,495,000PSF:$194 / $185Sq Ft:7,148 / 6,752DOM:14 / 6New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $324,000 | $255,000 | $250,000 – $539,000 | $253 / $219 | 1,258 / 1,164 | 11 / 3 | 2 | 6 |
| 3 Beds | $487,196 | $465,000 | $150,000 – $1,050,000 | $232 / $229 | 2,082 / 2,050 | 25 / 14 | 5 | 29 |
| 4 Beds | $762,324 | $699,000 | $374,950 – $1,560,000 | $233 / $232 | 3,269 / 2,951 | 28 / 6 | 6 | 42 |
| 5 Beds | $1,036,213 | $879,950 | $325,000 – $2,900,000 | $251 / $233 | 4,093 / 3,827 | 25 / 7 | 7 | 27 |
| 6 Beds | $1,250,328 | $1,075,000 | $769,000 – $2,999,950 | $223 / $213 | 5,411 / 5,045 | 9 / 4 | 1 | 9 |
| 7 Beds | $1,381,667 | $1,400,000 | $1,250,000 – $1,495,000 | $194 / $185 | 7,148 / 6,752 | 14 / 6 | 0 | 3 |
Rental Market Overview
Median Rent
$2,295
−8.2%
Median DOM
24
0.0%
New Listings
2
Inventory
26
−10.3%
- Average Rent: $2,370
- Median Rent: $2,295
- Rent Range: $400 – $4,000
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,740 / 1,608
- Square Footage Range: 620 – 4,000
- Days on Market (Avg/Median): 46 / 24
- Days on Market Range: 1 – 249
- New Listings: 2
- Total Listings: 26
Rentals by Property Type
Apartment
$1,588
Median DOM: 4
Inventory: 8
MoM: −8.2%
Condo
—
Median DOM: —
Inventory: —
MoM: −8.2%
Single Family
$2,350
Median DOM: 1
Inventory: 12
MoM: −8.2%
Townhouse
$2,750
Median DOM: 36
Inventory: 6
MoM: −8.2%
Apartment
Avg/Median Rent$1,688 / $1,588Range$1,395 – $2,262Rent per Sq Ft$2 / $2Sq Ft774 / 775DOM68 / 4New0Total8
Single Family
Avg/Median Rent$2,564 / $2,350Range$400 – $4,000Rent per Sq Ft$1 / $1Sq Ft2,378 / 1,976DOM17 / 1New2Total12
Townhouse
Avg/Median Rent$2,891 / $2,750Range$2,295 – $4,000Rent per Sq Ft$2 / $1Sq Ft1,858 / 2,050DOM102 / 36New0Total6
Rentals by Bedroom Count
1 Beds
Avg:$1,488Median:$1,578Range:$400 – $2,262PSF:$2 / $2Sq Ft:734 / 775DOM:4 / 4New:0Total:8
2 Beds
Avg:$2,148Median:$2,001Range:$2,001 – $2,295PSF:$2 / $1Sq Ft:1,326 / 1,052DOM:190 / 131New:0Total:2
3 Beds
Avg:$2,656Median:$2,500Range:$1,950 – $4,000PSF:$2 / $1Sq Ft:1,752 / 1,608DOM:40 / 32New:1Total:8
4 Beds
Avg:$2,655Median:$2,800Range:$2,275 – $2,950PSF:$1 / $1Sq Ft:2,284 / 2,050DOM:19 / 24New:0Total:5
5 Beds
Avg:$3,633Median:$3,800Range:$3,100 – $4,000PSF:$1 / $1Sq Ft:3,423 / 3,788DOM:23 / 1New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,488 | $1,578 | $400 – $2,262 | $2 / $2 | 734 / 775 | 4 / 4 | 0 | 8 |
| 2 Beds | $2,148 | $2,001 | $2,001 – $2,295 | $2 / $1 | 1,326 / 1,052 | 190 / 131 | 0 | 2 |
| 3 Beds | $2,656 | $2,500 | $1,950 – $4,000 | $2 / $1 | 1,752 / 1,608 | 40 / 32 | 1 | 8 |
| 4 Beds | $2,655 | $2,800 | $2,275 – $2,950 | $1 / $1 | 2,284 / 2,050 | 19 / 24 | 0 | 5 |
| 5 Beds | $3,633 | $3,800 | $3,100 – $4,000 | $1 / $1 | 3,423 / 3,788 | 23 / 1 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$680,000Median DOM:50New:12Total:83
Jan 2026
Median Price:$696,860Median DOM:40New:22Total:62
Feb 2026
Median Price:$658,020Median DOM:16New:31Total:81
Mar 2026
Median Price:$700,000Median DOM:9New:34Total:91
Apr 2026
Median Price:$699,000Median DOM:9New:51Total:102
May 2026
Median Price:$721,975Median DOM:8New:21Total:117
6-Month Rental Trend
Dec 2025
Median Rent:$2,300Median DOM:38New:2Total:17
Jan 2026
Median Rent:$2,275Median DOM:19New:8Total:22
Feb 2026
Median Rent:$2,400Median DOM:25New:9Total:26
Mar 2026
Median Rent:$2,600Median DOM:22New:11Total:29
Apr 2026
Median Rent:$2,500Median DOM:24New:5Total:29
May 2026
Median Rent:$2,295Median DOM:24New:2Total:26
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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