ZIP 23120 Housing Market Report
Richmond Metro
Report period: August 2026
23120 Monthly Market Update – August 2026
ZIP 23120 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$590,000
+1.1%
Median DOM (Sales)
23
+4.5%
New Listings (Sales)
39
−45.8%
Median Rent
$2,995
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
25
−13.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($1,650,000 median)
Sales Market Overview
Median Price
$590,000
+1.1%
Median DOM
23
+4.5%
New Listings
39
−45.8%
Inventory
196
+3.2%
- Average Price: $632,409
- Median Price: $590,000
- Price Range: $225,000 – $1,650,000
- Price per Sq Ft (Avg/Median): $231 / $236
- Square Footage (Avg/Median): 2,822 / 2,601
- Square Footage Range: 1,129 – 6,760
- Days on Market (Avg/Median): 39 / 23
- Days on Market Range: 1 – 214
- New Listings: 39
- Total Listings: 196
Sales by Property Type
Condo
Avg/Median Price$480,718 / $489,950Range$319,900 – $649,546Price per Sq Ft$260 / $253Sq Ft1,848 / 1,996DOM62 / 52New0Total14
Land
Avg/Median Price$351,990 / $299,950Range$225,000 – $495,000Price per Sq Ft—Sq Ft—DOM108 / 138New1Total5
Single Family
Avg/Median Price$734,081 / $699,000Range$324,950 – $1,650,000Price per Sq Ft$228 / $221Sq Ft3,283 / 3,216DOM43 / 29New10Total125
Townhouse
Avg/Median Price$455,810 / $458,950Range$364,900 – $601,000Price per Sq Ft$232 / $236Sq Ft1,974 / 1,856DOM18 / 6New28Total52
Sales by Bedroom Count
2 Beds
Avg:$435,426Median:$395,000Range:$319,900 – $583,490PSF:$248 / $244Sq Ft:1,771 / 1,588DOM:59 / 17New:1Total:12
3 Beds
Avg:$491,495Median:$463,985Range:$364,900 – $840,000PSF:$239 / $242Sq Ft:2,069 / 1,908DOM:23 / 14New:23Total:59
4 Beds
Avg:$690,301Median:$610,000Range:$457,500 – $1,490,000PSF:$239 / $236Sq Ft:2,888 / 2,661DOM:41 / 25New:12Total:65
5 Beds
Avg:$760,546Median:$745,000Range:$474,990 – $1,275,000PSF:$212 / $204Sq Ft:3,632 / 3,546DOM:49 / 46New:2Total:47
6 Beds
Avg:$814,814Median:$784,900Range:$585,000 – $1,050,000PSF:$191 / $186Sq Ft:4,352 / 4,205DOM:18 / 13New:0Total:7
7 Beds
Avg:$1,650,000Median:$1,650,000Range:$1,650,000 – $1,650,000PSF:$244 / $244Sq Ft:6,760 / 6,760DOM:9 / 9New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $435,426 | $395,000 | $319,900 – $583,490 | $248 / $244 | 1,771 / 1,588 | 59 / 17 | 1 | 12 |
| 3 Beds | $491,495 | $463,985 | $364,900 – $840,000 | $239 / $242 | 2,069 / 1,908 | 23 / 14 | 23 | 59 |
| 4 Beds | $690,301 | $610,000 | $457,500 – $1,490,000 | $239 / $236 | 2,888 / 2,661 | 41 / 25 | 12 | 65 |
| 5 Beds | $760,546 | $745,000 | $474,990 – $1,275,000 | $212 / $204 | 3,632 / 3,546 | 49 / 46 | 2 | 47 |
| 6 Beds | $814,814 | $784,900 | $585,000 – $1,050,000 | $191 / $186 | 4,352 / 4,205 | 18 / 13 | 0 | 7 |
| 7 Beds | $1,650,000 | $1,650,000 | $1,650,000 – $1,650,000 | $244 / $244 | 6,760 / 6,760 | 9 / 9 | 0 | 1 |
Rental Market Overview
Median Rent
$2,995
0.0%
Median DOM
1
0.0%
New Listings
3
Inventory
25
−13.8%
- Average Rent: $2,987
- Median Rent: $2,995
- Rent Range: $1,590 – $4,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,412 / 2,240
- Square Footage Range: 609 – 6,083
- Days on Market (Avg/Median): 32 / 1
- Days on Market Range: 1 – 300
- New Listings: 3
- Total Listings: 25
Rentals by Property Type
Apartment
$1,590
Median DOM: 300
Inventory: 1
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$3,195
Median DOM: 1
Inventory: 15
MoM: 0.0%
Townhouse
$2,595
Median DOM: 11
Inventory: 9
MoM: 0.0%
Apartment
Avg/Median Rent$1,590 / $1,590Range$1,590 – $1,590Rent per Sq Ft$3 / $3Sq Ft609 / 609DOM300 / 300New0Total1
Single Family
Avg/Median Rent$3,351 / $3,195Range$2,695 – $4,500Rent per Sq Ft$1 / $1Sq Ft2,955 / 2,511DOM16 / 1New3Total15
Townhouse
Avg/Median Rent$2,536 / $2,595Range$2,295 – $2,750Rent per Sq Ft$1 / $2Sq Ft1,707 / 1,687DOM28 / 11New0Total9
Rentals by Bedroom Count
1 Beds
Avg:$1,590Median:$1,590Range:$1,590 – $1,590PSF:$3 / $3Sq Ft:609 / 609DOM:300 / 300New:0Total:1
2 Beds
Avg:$2,400Median:$2,400Range:$2,400 – $2,400PSF:$2 / $2Sq Ft:1,529 / 1,529DOM:29 / 29New:0Total:1
3 Beds
Avg:$2,616Median:$2,600Range:$2,295 – $3,000PSF:$1 / $1Sq Ft:1,837 / 1,817DOM:39 / 11New:0Total:10
4 Beds
Avg:$3,192Median:$3,100Range:$2,750 – $3,995PSF:$1 / $1Sq Ft:2,653 / 2,388DOM:1 / 1New:3Total:9
5 Beds
Avg:$3,762Median:$3,695Range:$3,195 – $4,395PSF:$1 / $1Sq Ft:3,274 / 3,500DOM:11 / 15New:0Total:3
6 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:$1 / $1Sq Ft:6,083 / 6,083DOM:8 / 8New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,590 | $1,590 | $1,590 – $1,590 | $3 / $3 | 609 / 609 | 300 / 300 | 0 | 1 |
| 2 Beds | $2,400 | $2,400 | $2,400 – $2,400 | $2 / $2 | 1,529 / 1,529 | 29 / 29 | 0 | 1 |
| 3 Beds | $2,616 | $2,600 | $2,295 – $3,000 | $1 / $1 | 1,837 / 1,817 | 39 / 11 | 0 | 10 |
| 4 Beds | $3,192 | $3,100 | $2,750 – $3,995 | $1 / $1 | 2,653 / 2,388 | 1 / 1 | 3 | 9 |
| 5 Beds | $3,762 | $3,695 | $3,195 – $4,395 | $1 / $1 | 3,274 / 3,500 | 11 / 15 | 0 | 3 |
| 6 Beds | $4,500 | $4,500 | $4,500 – $4,500 | $1 / $1 | 6,083 / 6,083 | 8 / 8 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$543,440Median DOM:16New:78Total:164
Apr 2026
Median Price:$563,058Median DOM:14New:78Total:182
May 2026
Median Price:$600,000Median DOM:18New:72Total:182
Jun 2026
Median Price:$600,000Median DOM:21New:76Total:197
Jul 2026
Median Price:$583,490Median DOM:22New:72Total:190
Aug 2026
Median Price:$590,000Median DOM:23New:39Total:196
6-Month Rental Trend
Mar 2026
Median Rent:$2,750Median DOM:22New:16Total:33
Apr 2026
Median Rent:$2,695Median DOM:24New:7Total:30
May 2026
Median Rent:$2,700Median DOM:27New:9Total:24
Jun 2026
Median Rent:$2,995Median DOM:1New:16Total:30
Jul 2026
Median Rent:$2,995Median DOM:1New:8Total:29
Aug 2026
Median Rent:$2,995Median DOM:1New:3Total:25
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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