ZIP 23114 Housing Market Report
Richmond Metro
Report period: May 2026
23114 Monthly Market Update – May 2026
ZIP 23114 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$459,950
+0.2%
Median DOM (Sales)
13
0.0%
New Listings (Sales)
22
−63.9%
Median Rent
$2,430
+1.3%
Median DOM (Rental)
18
+5.9%
Total Rental Listings
61
−1.6%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Condo (14 DOM)
- Strongest bedroom: 6 Beds ($750,000 median)
Sales Market Overview
Median Price
$459,950
+0.2%
Median DOM
13
0.0%
New Listings
22
−63.9%
Inventory
151
+3.4%
- Average Price: $482,445
- Median Price: $459,950
- Price Range: $209,500 – $849,000
- Price per Sq Ft (Avg/Median): $215 / $214
- Square Footage (Avg/Median): 2,282 / 2,205
- Square Footage Range: 1,014 – 5,400
- Days on Market (Avg/Median): 46 / 13
- Days on Market Range: 2 – 316
- New Listings: 22
- Total Listings: 151
Sales by Property Type
Condo
Avg/Median Price$376,746 / $379,985Range$209,500 – $500,380Price per Sq Ft$206 / $199Sq Ft1,850 / 1,658DOM29 / 13New9Total47
Single Family
Avg/Median Price$569,668 / $549,950Range$325,000 – $849,000Price per Sq Ft$217 / $214Sq Ft2,699 / 2,575DOM23 / 7New11Total75
Townhouse
Avg/Median Price$428,173 / $419,999Range$395,000 – $562,900Price per Sq Ft$227 / $231Sq Ft1,900 / 1,792DOM134 / 119New2Total29
Sales by Bedroom Count
1 Beds
Avg:$214,625Median:$215,000Range:$209,500 – $219,000PSF:$206 / $207Sq Ft:1,046 / 1,014DOM:72 / 29New:1Total:4
2 Beds
Avg:$377,896Median:$325,000Range:$229,500 – $667,000PSF:$227 / $202Sq Ft:1,632 / 1,573DOM:27 / 15New:1Total:20
3 Beds
Avg:$449,018Median:$429,950Range:$325,000 – $722,950PSF:$216 / $219Sq Ft:2,109 / 2,170DOM:74 / 25New:11Total:63
4 Beds
Avg:$518,581Median:$505,000Range:$399,000 – $775,000PSF:$220 / $221Sq Ft:2,376 / 2,330DOM:27 / 5New:4Total:40
5 Beds
Avg:$637,017Median:$649,900Range:$480,000 – $849,000PSF:$197 / $201Sq Ft:3,276 / 3,064DOM:15 / 8New:5Total:23
6 Beds
Avg:$750,000Median:$750,000Range:$750,000 – $750,000PSF:$168 / $168Sq Ft:4,458 / 4,458DOM:31 / 31New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $214,625 | $215,000 | $209,500 – $219,000 | $206 / $207 | 1,046 / 1,014 | 72 / 29 | 1 | 4 |
| 2 Beds | $377,896 | $325,000 | $229,500 – $667,000 | $227 / $202 | 1,632 / 1,573 | 27 / 15 | 1 | 20 |
| 3 Beds | $449,018 | $429,950 | $325,000 – $722,950 | $216 / $219 | 2,109 / 2,170 | 74 / 25 | 11 | 63 |
| 4 Beds | $518,581 | $505,000 | $399,000 – $775,000 | $220 / $221 | 2,376 / 2,330 | 27 / 5 | 4 | 40 |
| 5 Beds | $637,017 | $649,900 | $480,000 – $849,000 | $197 / $201 | 3,276 / 3,064 | 15 / 8 | 5 | 23 |
| 6 Beds | $750,000 | $750,000 | $750,000 – $750,000 | $168 / $168 | 4,458 / 4,458 | 31 / 31 | 0 | 1 |
Rental Market Overview
Median Rent
$2,430
+1.3%
Median DOM
18
+5.9%
New Listings
7
Inventory
61
−1.6%
- Average Rent: $2,373
- Median Rent: $2,430
- Rent Range: $1,000 – $4,450
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,744 / 1,658
- Square Footage Range: 500 – 3,757
- Days on Market (Avg/Median): 42 / 18
- Days on Market Range: 1 – 351
- New Listings: 7
- Total Listings: 61
Rentals by Property Type
Apartment
$1,575
Median DOM: 132
Inventory: 9
MoM: +1.3%
Condo
$2,350
Median DOM: 14
Inventory: 13
MoM: +1.3%
Single Family
$2,500
Median DOM: 22
Inventory: 21
MoM: +1.3%
Townhouse
$2,595
Median DOM: 16
Inventory: 18
MoM: +1.3%
Apartment
Avg/Median Rent$1,621 / $1,575Range$1,485 – $1,975Rent per Sq Ft$2 / $2Sq Ft839 / 796DOM136 / 132New0Total9
Condo
Avg/Median Rent$2,195 / $2,350Range$1,400 – $2,850Rent per Sq Ft$1 / $2Sq Ft1,610 / 1,573DOM25 / 14New2Total13
Single Family
Avg/Median Rent$2,620 / $2,500Range$1,000 – $4,450Rent per Sq Ft$1 / $1Sq Ft1,997 / 1,792DOM53 / 22New4Total21
Townhouse
Avg/Median Rent$2,591 / $2,595Range$2,250 – $2,990Rent per Sq Ft$1 / $1Sq Ft1,975 / 2,046DOM21 / 16New1Total18
Rentals by Bedroom Count
1 Beds
Avg:$1,532Median:$1,560Range:$1,000 – $1,975PSF:$2 / $2Sq Ft:779 / 788DOM:93 / 14New:1Total:12
2 Beds
Avg:$2,238Median:$2,300Range:$1,995 – $2,450PSF:$1 / $1Sq Ft:1,551 / 1,573DOM:15 / 1New:2Total:9
3 Beds
Avg:$2,443Median:$2,400Range:$1,591 – $2,990PSF:$1 / $1Sq Ft:1,752 / 1,573DOM:39 / 28New:1Total:22
4 Beds
Avg:$2,719Median:$2,680Range:$2,495 – $3,500PSF:$1 / $1Sq Ft:2,040 / 2,024DOM:20 / 12New:3Total:13
5 Beds
Avg:$3,430Median:$3,250Range:$2,950 – $4,450PSF:$1 / $1Sq Ft:3,172 / 3,099DOM:89 / 22New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,532 | $1,560 | $1,000 – $1,975 | $2 / $2 | 779 / 788 | 93 / 14 | 1 | 12 |
| 2 Beds | $2,238 | $2,300 | $1,995 – $2,450 | $1 / $1 | 1,551 / 1,573 | 15 / 1 | 2 | 9 |
| 3 Beds | $2,443 | $2,400 | $1,591 – $2,990 | $1 / $1 | 1,752 / 1,573 | 39 / 28 | 1 | 22 |
| 4 Beds | $2,719 | $2,680 | $2,495 – $3,500 | $1 / $1 | 2,040 / 2,024 | 20 / 12 | 3 | 13 |
| 5 Beds | $3,430 | $3,250 | $2,950 – $4,450 | $1 / $1 | 3,172 / 3,099 | 89 / 22 | 0 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$443,594Median DOM:43New:27Total:110
Jan 2026
Median Price:$445,189Median DOM:31New:33Total:107
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:$459,950Median DOM:13New:22Total:151
6-Month Rental Trend
Dec 2025
Median Rent:$2,400Median DOM:10New:13Total:32
Jan 2026
Median Rent:$2,400Median DOM:21New:15Total:38
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:$2,430Median DOM:18New:7Total:61
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, 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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