ZIP 23114 Housing Market Report
Richmond Metro
Report period: August 2026
23114 Monthly Market Update – August 2026
ZIP 23114 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$453,730
−1.1%
Median DOM (Sales)
23
+21.1%
New Listings (Sales)
21
−62.5%
Median Rent
$2,600
+4.0%
Median DOM (Rental)
10
+11.1%
Total Rental Listings
43
−2.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (20 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 6 Beds ($839,000 median)
Sales Market Overview
Median Price
$453,730
−1.1%
Median DOM
23
+21.1%
New Listings
21
−62.5%
Inventory
160
−3.6%
- Average Price: $463,719
- Median Price: $453,730
- Price Range: $199,950 – $850,000
- Price per Sq Ft (Avg/Median): $218 / $214
- Square Footage (Avg/Median): 2,174 / 2,147
- Square Footage Range: 1,014 – 5,400
- Days on Market (Avg/Median): 46 / 23
- Days on Market Range: 2 – 356
- New Listings: 21
- Total Listings: 160
Sales by Property Type
Condo
Avg/Median Price$366,736 / $374,990Range$199,950 – $500,380Price per Sq Ft$207 / $204Sq Ft1,795 / 1,658DOM41 / 23New14Total54
Single Family
Avg/Median Price$542,370 / $525,000Range$299,990 – $850,000Price per Sq Ft$220 / $214Sq Ft2,544 / 2,402DOM35 / 22New7Total76
Townhouse
Avg/Median Price$439,041 / $429,000Range$250,000 – $550,000Price per Sq Ft$232 / $239Sq Ft1,922 / 1,777DOM83 / 20New0Total30
Sales by Bedroom Count
1 Beds
Avg:$215,238Median:$215,000Range:$199,950 – $229,000PSF:$200 / $197Sq Ft:1,077 / 1,014DOM:78 / 57New:0Total:4
2 Beds
Avg:$342,996Median:$335,000Range:$240,000 – $667,000PSF:$223 / $214Sq Ft:1,527 / 1,547DOM:30 / 25New:2Total:27
3 Beds
Avg:$446,146Median:$434,950Range:$299,990 – $800,000PSF:$222 / $225Sq Ft:2,045 / 2,104DOM:59 / 20New:13Total:73
4 Beds
Avg:$524,472Median:$525,000Range:$356,000 – $850,000PSF:$220 / $227Sq Ft:2,431 / 2,343DOM:31 / 20New:5Total:39
5 Beds
Avg:$638,200Median:$599,900Range:$480,000 – $849,000PSF:$194 / $193Sq Ft:3,322 / 3,125DOM:43 / 22New:0Total:16
6 Beds
Avg:$839,000Median:$839,000Range:$839,000 – $839,000PSF:$164 / $164Sq Ft:5,103 / 5,103DOM:6 / 6New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $215,238 | $215,000 | $199,950 – $229,000 | $200 / $197 | 1,077 / 1,014 | 78 / 57 | 0 | 4 |
| 2 Beds | $342,996 | $335,000 | $240,000 – $667,000 | $223 / $214 | 1,527 / 1,547 | 30 / 25 | 2 | 27 |
| 3 Beds | $446,146 | $434,950 | $299,990 – $800,000 | $222 / $225 | 2,045 / 2,104 | 59 / 20 | 13 | 73 |
| 4 Beds | $524,472 | $525,000 | $356,000 – $850,000 | $220 / $227 | 2,431 / 2,343 | 31 / 20 | 5 | 39 |
| 5 Beds | $638,200 | $599,900 | $480,000 – $849,000 | $194 / $193 | 3,322 / 3,125 | 43 / 22 | 0 | 16 |
| 6 Beds | $839,000 | $839,000 | $839,000 – $839,000 | $164 / $164 | 5,103 / 5,103 | 6 / 6 | 1 | 1 |
Rental Market Overview
Median Rent
$2,600
+4.0%
Median DOM
10
+11.1%
New Listings
8
Inventory
43
−2.3%
- Average Rent: $2,503
- Median Rent: $2,600
- Rent Range: $1,383 – $4,450
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,832 / 1,792
- Square Footage Range: 654 – 4,154
- Days on Market (Avg/Median): 40 / 10
- Days on Market Range: 1 – 307
- New Listings: 8
- Total Listings: 43
Rentals by Property Type
Apartment
$1,672
Median DOM: 151
Inventory: 11
MoM: +4.0%
Condo
$2,650
Median DOM: 10
Inventory: 4
MoM: +4.0%
Single Family
$2,625
Median DOM: 8
Inventory: 20
MoM: +4.0%
Townhouse
$2,650
Median DOM: 8
Inventory: 8
MoM: +4.0%
Apartment
Avg/Median Rent$1,780 / $1,672Range$1,383 – $2,800Rent per Sq Ft$2 / $2Sq Ft985 / 881DOM151 / 151New1Total11
Condo
Avg/Median Rent$2,671 / $2,650Range$2,500 – $2,834Rent per Sq Ft$1 / $1Sq Ft2,047 / 1,658DOM10 / 10New1Total4
Single Family
Avg/Median Rent$2,811 / $2,625Range$2,150 – $4,450Rent per Sq Ft$1 / $1Sq Ft2,191 / 1,999DOM20 / 8New5Total20
Townhouse
Avg/Median Rent$2,644 / $2,650Range$2,250 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,990 / 2,076DOM27 / 8New1Total8
Rentals by Bedroom Count
1 Beds
Avg:$1,716Median:$1,635Range:$1,596 – $2,115PSF:$2 / $2Sq Ft:829 / 860DOM:76 / 75New:1Total:8
2 Beds
Avg:$2,081Median:$2,250Range:$1,383 – $2,600PSF:$2 / $2Sq Ft:1,308 / 1,340DOM:109 / 12New:1Total:5
3 Beds
Avg:$2,606Median:$2,500Range:$2,150 – $3,100PSF:$1 / $1Sq Ft:1,940 / 1,886DOM:23 / 9New:2Total:15
4 Beds
Avg:$2,852Median:$2,795Range:$2,500 – $3,675PSF:$1 / $1Sq Ft:2,323 / 2,059DOM:24 / 8New:3Total:13
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 | $1,716 | $1,635 | $1,596 – $2,115 | $2 / $2 | 829 / 860 | 76 / 75 | 1 | 8 |
| 2 Beds | $2,081 | $2,250 | $1,383 – $2,600 | $2 / $2 | 1,308 / 1,340 | 109 / 12 | 1 | 5 |
| 3 Beds | $2,606 | $2,500 | $2,150 – $3,100 | $1 / $1 | 1,940 / 1,886 | 23 / 9 | 2 | 15 |
| 4 Beds | $2,852 | $2,795 | $2,500 – $3,675 | $1 / $1 | 2,323 / 2,059 | 24 / 8 | 3 | 13 |
| 5 Beds | $3,675 | $2,900 | $2,900 – $4,450 | $1 / $1 | 3,150 / 2,544 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
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:$459,000Median DOM:19New:56Total:166
Aug 2026
Median Price:$453,730Median DOM:23New:21Total:160
6-Month Rental Trend
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:9New:16Total:44
Aug 2026
Median Rent:$2,600Median DOM:10New:8Total:43
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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