ZIP 23114 Housing Market Report
Richmond Metro
Report period: July 2026
23114 Monthly Market Update – July 2026
ZIP 23114 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$465,000
0.0%
Median DOM (Sales)
19
+26.7%
New Listings (Sales)
19
−69.8%
Median Rent
$2,500
0.0%
Median DOM (Rental)
16
−27.3%
Total Rental Listings
45
−8.2%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (11 DOM)
- Fastest renting: Single Family (3 DOM)
- Strongest bedroom: 6 Beds ($729,950 median)
Sales Market Overview
Median Price
$465,000
0.0%
Median DOM
19
+26.7%
New Listings
19
−69.8%
Inventory
157
−2.5%
- Average Price: $476,080
- Median Price: $465,000
- Price Range: $199,950 – $850,000
- Price per Sq Ft (Avg/Median): $217 / $215
- Square Footage (Avg/Median): 2,246 / 2,205
- Square Footage Range: 1,014 – 5,400
- Days on Market (Avg/Median): 44 / 19
- Days on Market Range: 1 – 357
- New Listings: 19
- Total Listings: 157
Sales by Property Type
Condo
Avg/Median Price$364,852 / $369,950Range$199,950 – $500,380Price per Sq Ft$209 / $207Sq Ft1,767 / 1,658DOM46 / 27New7Total42
Single Family
Avg/Median Price$533,574 / $524,950Range$299,990 – $850,000Price per Sq Ft$218 / $214Sq Ft2,520 / 2,405DOM23 / 11New12Total94
Townhouse
Avg/Median Price$441,179 / $429,000Range$395,000 – $562,900Price per Sq Ft$226 / $228Sq Ft1,975 / 1,777DOM136 / 128New0Total21
Sales by Bedroom Count
1 Beds
Avg:$215,990Median:$217,000Range:$199,950 – $229,000PSF:$203 / $201Sq Ft:1,064 / 1,014DOM:93 / 64New:0Total:5
2 Beds
Avg:$369,588Median:$344,240Range:$240,000 – $667,000PSF:$232 / $221Sq Ft:1,587 / 1,550DOM:35 / 27New:3Total:19
3 Beds
Avg:$438,364Median:$432,000Range:$299,990 – $562,900PSF:$222 / $225Sq Ft:2,012 / 2,036DOM:66 / 24New:9Total:63
4 Beds
Avg:$534,148Median:$525,000Range:$350,000 – $850,000PSF:$216 / $221Sq Ft:2,517 / 2,402DOM:22 / 11New:5Total:49
5 Beds
Avg:$606,115Median:$595,000Range:$479,000 – $849,000PSF:$196 / $198Sq Ft:3,128 / 3,022DOM:30 / 17New:2Total:20
6 Beds
Avg:$729,950Median:$729,950Range:$729,950 – $729,950PSF:$164 / $164Sq Ft:4,458 / 4,458DOM:7 / 7New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $215,990 | $217,000 | $199,950 – $229,000 | $203 / $201 | 1,064 / 1,014 | 93 / 64 | 0 | 5 |
| 2 Beds | $369,588 | $344,240 | $240,000 – $667,000 | $232 / $221 | 1,587 / 1,550 | 35 / 27 | 3 | 19 |
| 3 Beds | $438,364 | $432,000 | $299,990 – $562,900 | $222 / $225 | 2,012 / 2,036 | 66 / 24 | 9 | 63 |
| 4 Beds | $534,148 | $525,000 | $350,000 – $850,000 | $216 / $221 | 2,517 / 2,402 | 22 / 11 | 5 | 49 |
| 5 Beds | $606,115 | $595,000 | $479,000 – $849,000 | $196 / $198 | 3,128 / 3,022 | 30 / 17 | 2 | 20 |
| 6 Beds | $729,950 | $729,950 | $729,950 – $729,950 | $164 / $164 | 4,458 / 4,458 | 7 / 7 | 0 | 1 |
Rental Market Overview
Median Rent
$2,500
0.0%
Median DOM
16
−27.3%
New Listings
7
Inventory
45
−8.2%
- Average Rent: $2,434
- Median Rent: $2,500
- Rent Range: $1,383 – $4,450
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,725 / 1,760
- Square Footage Range: 654 – 4,154
- Days on Market (Avg/Median): 38 / 16
- Days on Market Range: 1 – 276
- New Listings: 7
- Total Listings: 45
Rentals by Property Type
Apartment
$1,575
Median DOM: 120
Inventory: 10
MoM: 0.0%
Condo
$2,650
Median DOM: 10
Inventory: 3
MoM: 0.0%
Single Family
$2,625
Median DOM: 3
Inventory: 15
MoM: 0.0%
Townhouse
$2,695
Median DOM: 20
Inventory: 17
MoM: 0.0%
Apartment
Avg/Median Rent$1,637 / $1,575Range$1,383 – $2,115Rent per Sq Ft$2 / $2Sq Ft818 / 857DOM127 / 120New1Total10
Condo
Avg/Median Rent$2,467 / $2,650Range$2,000 – $2,750Rent per Sq Ft$1 / $1Sq Ft1,950 / 1,555DOM10 / 10New0Total3
Single Family
Avg/Median Rent$2,745 / $2,625Range$1,595 – $4,450Rent per Sq Ft$1 / $1Sq Ft2,072 / 1,963DOM21 / 3New4Total15
Townhouse
Avg/Median Rent$2,623 / $2,695Range$2,250 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,926 / 2,076DOM27 / 20New2Total17
Rentals by Bedroom Count
1 Beds
Avg:$1,658Median:$1,595Range:$1,473 – $2,115PSF:$2 / $2Sq Ft:819 / 857DOM:72 / 44New:1Total:10
2 Beds
Avg:$2,137Median:$2,250Range:$1,383 – $2,600PSF:$2 / $1Sq Ft:1,387 / 1,340DOM:63 / 10New:2Total:5
3 Beds
Avg:$2,500Median:$2,500Range:$2,000 – $3,000PSF:$1 / $1Sq Ft:1,775 / 1,760DOM:31 / 8New:2Total:13
4 Beds
Avg:$2,828Median:$2,700Range:$2,500 – $3,675PSF:$1 / $1Sq Ft:2,185 / 2,076DOM:24 / 19New:1Total:15
5 Beds
Avg:$3,675Median:$2,900Range:$2,900 – $4,450PSF:$1 / $1Sq Ft:3,150 / 2,544DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,658 | $1,595 | $1,473 – $2,115 | $2 / $2 | 819 / 857 | 72 / 44 | 1 | 10 |
| 2 Beds | $2,137 | $2,250 | $1,383 – $2,600 | $2 / $1 | 1,387 / 1,340 | 63 / 10 | 2 | 5 |
| 3 Beds | $2,500 | $2,500 | $2,000 – $3,000 | $1 / $1 | 1,775 / 1,760 | 31 / 8 | 2 | 13 |
| 4 Beds | $2,828 | $2,700 | $2,500 – $3,675 | $1 / $1 | 2,185 / 2,076 | 24 / 19 | 1 | 15 |
| 5 Beds | $3,675 | $2,900 | $2,900 – $4,450 | $1 / $1 | 3,150 / 2,544 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$449,000Median DOM:27New:34Total:110
Mar 2026
Median Price:$439,000Median DOM:18New:50Total:126
Apr 2026
Median Price:$459,000Median DOM:13New:61Total:146
May 2026
Median Price:$475,000Median DOM:10New:61Total:159
Jun 2026
Median Price:$465,000Median DOM:15New:63Total:161
Jul 2026
Median Price:$465,000Median DOM:19New:19Total:157
6-Month Rental Trend
Feb 2026
Median Rent:$2,450Median DOM:8New:23Total:50
Mar 2026
Median Rent:$2,495Median DOM:15New:25Total:62
Apr 2026
Median Rent:$2,400Median DOM:17New:17Total:62
May 2026
Median Rent:$2,450Median DOM:26New:15Total:56
Jun 2026
Median Rent:$2,500Median DOM:22New:11Total:49
Jul 2026
Median Rent:$2,500Median DOM:16New:7Total:45
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro