ZIP 23113 Housing Market Report
Richmond Metro
Report period: August 2026
23113 Monthly Market Update – August 2026
ZIP 23113 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$724,950
−1.9%
Median DOM (Sales)
21
−4.5%
New Listings (Sales)
13
−66.7%
Median Rent
$2,325
0.0%
Median DOM (Rental)
3
+200.0%
Total Rental Listings
21
+10.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (6 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,450,000 median)
Sales Market Overview
Median Price
$724,950
−1.9%
Median DOM
21
−4.5%
New Listings
13
−66.7%
Inventory
115
−2.5%
- Average Price: $775,485
- Median Price: $724,950
- Price Range: $125,000 – $3,400,000
- Price per Sq Ft (Avg/Median): $243 / $235
- Square Footage (Avg/Median): 3,166 / 2,911
- Square Footage Range: 816 – 8,303
- Days on Market (Avg/Median): 35 / 21
- Days on Market Range: 2 – 270
- New Listings: 13
- Total Listings: 115
Sales by Property Type
Condo
Avg/Median Price$393,588 / $380,845Range$248,500 – $660,000Price per Sq Ft$212 / $208Sq Ft1,873 / 1,587DOM42 / 24New1Total15
Land
Avg/Median Price$390,000 / $230,000Range$230,000 – $550,000Price per Sq Ft—Sq Ft—DOM47 / 6New1Total2
Single Family
Avg/Median Price$926,698 / $825,000Range$125,000 – $3,400,000Price per Sq Ft$252 / $239Sq Ft3,642 / 3,525DOM32 / 15New9Total73
Townhouse
Avg/Median Price$593,918 / $599,000Range$389,000 – $789,405Price per Sq Ft$235 / $227Sq Ft2,549 / 2,399DOM40 / 24New2Total25
Sales by Bedroom Count
2 Beds
Avg:$334,547Median:$285,000Range:$248,500 – $450,000PSF:$223 / $213Sq Ft:1,502 / 1,344DOM:41 / 31New:0Total:6
3 Beds
Avg:$516,110Median:$490,000Range:$125,000 – $869,000PSF:$230 / $231Sq Ft:2,231 / 2,166DOM:38 / 17New:3Total:32
4 Beds
Avg:$795,297Median:$749,900Range:$459,900 – $1,650,000PSF:$246 / $235Sq Ft:3,212 / 3,095DOM:27 / 13New:7Total:43
5 Beds
Avg:$1,009,853Median:$905,000Range:$530,000 – $1,759,000PSF:$257 / $239Sq Ft:4,021 / 3,931DOM:47 / 30New:2Total:26
6 Beds
Avg:$1,734,800Median:$1,450,000Range:$925,000 – $3,400,000PSF:$269 / $229Sq Ft:6,111 / 6,339DOM:19 / 15New:0Total:5
7 Beds
Avg:$749,999Median:$749,999Range:$749,999 – $749,999PSF:$184 / $184Sq Ft:4,066 / 4,066DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $334,547 | $285,000 | $248,500 – $450,000 | $223 / $213 | 1,502 / 1,344 | 41 / 31 | 0 | 6 |
| 3 Beds | $516,110 | $490,000 | $125,000 – $869,000 | $230 / $231 | 2,231 / 2,166 | 38 / 17 | 3 | 32 |
| 4 Beds | $795,297 | $749,900 | $459,900 – $1,650,000 | $246 / $235 | 3,212 / 3,095 | 27 / 13 | 7 | 43 |
| 5 Beds | $1,009,853 | $905,000 | $530,000 – $1,759,000 | $257 / $239 | 4,021 / 3,931 | 47 / 30 | 2 | 26 |
| 6 Beds | $1,734,800 | $1,450,000 | $925,000 – $3,400,000 | $269 / $229 | 6,111 / 6,339 | 19 / 15 | 0 | 5 |
| 7 Beds | $749,999 | $749,999 | $749,999 – $749,999 | $184 / $184 | 4,066 / 4,066 | 13 / 13 | 0 | 1 |
Rental Market Overview
Median Rent
$2,325
0.0%
Median DOM
3
+200.0%
New Listings
7
Inventory
21
+10.5%
- Average Rent: $2,453
- Median Rent: $2,325
- Rent Range: $1,200 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,715 / 1,476
- Square Footage Range: 676 – 5,433
- Days on Market (Avg/Median): 47 / 3
- Days on Market Range: 1 – 293
- New Listings: 7
- Total Listings: 21
Rentals by Property Type
Apartment
$1,651
Median DOM: 116
Inventory: 6
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,595
Median DOM: 1
Inventory: 9
MoM: 0.0%
Townhouse
$2,700
Median DOM: 6
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,723 / $1,651Range$1,372 – $2,351Rent per Sq Ft$2 / $2Sq Ft728 / 718DOM169 / 116New0Total6
Single Family
Avg/Median Rent$2,653 / $2,595Range$1,200 – $4,000Rent per Sq Ft$1 / $1Sq Ft2,492 / 2,037DOM2 / 1New4Total9
Townhouse
Avg/Median Rent$2,882 / $2,700Range$1,995 – $4,500Rent per Sq Ft$2 / $1Sq Ft1,668 / 1,396DOM60 / 6New3Total6
Rentals by Bedroom Count
1 Beds
Avg:$1,648Median:$1,651Range:$1,200 – $2,351PSF:$2 / $2Sq Ft:728 / 718DOM:169 / 116New:0Total:7
2 Beds
Avg:$1,995Median:$1,995Range:$1,995 – $1,995PSF:$2 / $2Sq Ft:1,216 / 1,216DOM:1 / 1New:1Total:1
3 Beds
Avg:$2,789Median:$2,700Range:$1,900 – $4,500PSF:$2 / $1Sq Ft:1,696 / 1,608DOM:52 / 6New:3Total:7
4 Beds
Avg:$2,888Median:$2,595Range:$2,300 – $3,850PSF:$1 / $1Sq Ft:2,234 / 2,037DOM:2 / 1New:2Total:4
5 Beds
Avg:$3,450Median:$2,900Range:$2,900 – $4,000PSF:$1 / $1Sq Ft:3,958 / 2,482DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,648 | $1,651 | $1,200 – $2,351 | $2 / $2 | 728 / 718 | 169 / 116 | 0 | 7 |
| 2 Beds | $1,995 | $1,995 | $1,995 – $1,995 | $2 / $2 | 1,216 / 1,216 | 1 / 1 | 1 | 1 |
| 3 Beds | $2,789 | $2,700 | $1,900 – $4,500 | $2 / $1 | 1,696 / 1,608 | 52 / 6 | 3 | 7 |
| 4 Beds | $2,888 | $2,595 | $2,300 – $3,850 | $1 / $1 | 2,234 / 2,037 | 2 / 1 | 2 | 4 |
| 5 Beds | $3,450 | $2,900 | $2,900 – $4,000 | $1 / $1 | 3,958 / 2,482 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$700,000Median DOM:9New:34Total:91
Apr 2026
Median Price:$699,000Median DOM:9New:51Total:102
May 2026
Median Price:$730,000Median DOM:11New:57Total:126
Jun 2026
Median Price:$749,950Median DOM:19New:29Total:119
Jul 2026
Median Price:$739,000Median DOM:22New:39Total:118
Aug 2026
Median Price:$724,950Median DOM:21New:13Total:115
6-Month Rental Trend
Mar 2026
Median Rent:$2,600Median DOM:22New:11Total:29
Apr 2026
Median Rent:$2,500Median DOM:24New:5Total:29
May 2026
Median Rent:$2,325Median DOM:27New:5Total:23
Jun 2026
Median Rent:$2,295Median DOM:15New:7Total:22
Jul 2026
Median Rent:$2,325Median DOM:1New:5Total:19
Aug 2026
Median Rent:$2,325Median DOM:3New:7Total:21
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro