ZIP 23120 Housing Market Report
Richmond Metro
Report period: July 2026
23120 Monthly Market Update – July 2026
ZIP 23120 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$600,000
0.0%
Median DOM (Sales)
24
+14.3%
New Listings (Sales)
29
−61.8%
Median Rent
$3,000
+0.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
30
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher.
What's Moving Fastest
- Fastest selling: Townhouse (7 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($784,900 median)
Sales Market Overview
Median Price
$600,000
0.0%
Median DOM
24
+14.3%
New Listings
29
−61.8%
Inventory
183
−7.1%
- Average Price: $631,340
- Median Price: $600,000
- Price Range: $225,000 – $1,575,000
- Price per Sq Ft (Avg/Median): $230 / $230
- Square Footage (Avg/Median): 2,838 / 2,663
- Square Footage Range: 1,140 – 6,569
- Days on Market (Avg/Median): 37 / 24
- Days on Market Range: 1 – 184
- New Listings: 29
- Total Listings: 183
Sales by Property Type
Condo
Avg/Median Price$454,914 / $495,000Range$284,950 – $629,801Price per Sq Ft$253 / $249Sq Ft1,797 / 1,996DOM59 / 30New0Total13
Land
Avg/Median Price$324,990 / $299,950Range$225,000 – $450,000Price per Sq Ft—Sq Ft—DOM98 / 108New0Total5
Single Family
Avg/Median Price$731,603 / $718,025Range$457,500 – $1,575,000Price per Sq Ft$227 / $223Sq Ft3,280 / 3,268DOM39 / 30New7Total119
Townhouse
Avg/Median Price$455,123 / $450,000Range$364,900 – $601,000Price per Sq Ft$231 / $232Sq Ft1,988 / 1,848DOM20 / 7New22Total46
Sales by Bedroom Count
2 Beds
Avg:$442,292Median:$430,000Range:$284,950 – $583,490PSF:$249 / $249Sq Ft:1,788 / 1,703DOM:79 / 74New:0Total:11
3 Beds
Avg:$493,068Median:$459,950Range:$364,900 – $840,000PSF:$239 / $242Sq Ft:2,076 / 1,887DOM:20 / 14New:17Total:53
4 Beds
Avg:$682,665Median:$617,500Range:$457,500 – $1,575,000PSF:$234 / $225Sq Ft:2,904 / 2,663DOM:42 / 27New:10Total:56
5 Beds
Avg:$757,949Median:$749,000Range:$474,990 – $1,190,000PSF:$213 / $208Sq Ft:3,629 / 3,509DOM:37 / 36New:2Total:51
6 Beds
Avg:$861,113Median:$784,900Range:$599,900 – $1,195,000PSF:$220 / $215Sq Ft:3,964 / 3,929DOM:29 / 26New:0Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $442,292 | $430,000 | $284,950 – $583,490 | $249 / $249 | 1,788 / 1,703 | 79 / 74 | 0 | 11 |
| 3 Beds | $493,068 | $459,950 | $364,900 – $840,000 | $239 / $242 | 2,076 / 1,887 | 20 / 14 | 17 | 53 |
| 4 Beds | $682,665 | $617,500 | $457,500 – $1,575,000 | $234 / $225 | 2,904 / 2,663 | 42 / 27 | 10 | 56 |
| 5 Beds | $757,949 | $749,000 | $474,990 – $1,190,000 | $213 / $208 | 3,629 / 3,509 | 37 / 36 | 2 | 51 |
| 6 Beds | $861,113 | $784,900 | $599,900 – $1,195,000 | $220 / $215 | 3,964 / 3,929 | 29 / 26 | 0 | 7 |
Rental Market Overview
Median Rent
$3,000
+0.2%
Median DOM
1
0.0%
New Listings
5
Inventory
30
0.0%
- Average Rent: $3,063
- Median Rent: $3,000
- Rent Range: $1,549 – $4,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,588 / 2,348
- Square Footage Range: 609 – 6,083
- Days on Market (Avg/Median): 30 / 1
- Days on Market Range: 1 – 270
- New Listings: 5
- Total Listings: 30
Rentals by Property Type
Apartment
$1,549
Median DOM: 270
Inventory: 1
MoM: +0.2%
Condo
—
Median DOM: —
Inventory: —
MoM: +0.2%
Single Family
$3,195
Median DOM: 1
Inventory: 19
MoM: +0.2%
Townhouse
$2,600
Median DOM: 18
Inventory: 10
MoM: +0.2%
Apartment
Avg/Median Rent$1,549 / $1,549Range$1,549 – $1,549Rent per Sq Ft$3 / $3Sq Ft609 / 609DOM270 / 270New0Total1
Single Family
Avg/Median Rent$3,389 / $3,195Range$2,695 – $4,500Rent per Sq Ft$1 / $1Sq Ft3,102 / 2,833DOM15 / 1New4Total19
Townhouse
Avg/Median Rent$2,594 / $2,600Range$2,350 – $2,750Rent per Sq Ft$1 / $1Sq Ft1,809 / 1,850DOM33 / 18New1Total10
Rentals by Bedroom Count
1 Beds
Avg:$1,549Median:$1,549Range:$1,549 – $1,549PSF:$3 / $3Sq Ft:609 / 609DOM:270 / 270New:0Total:1
3 Beds
Avg:$2,641Median:$2,600Range:$2,350 – $3,000PSF:$1 / $1Sq Ft:1,886 / 1,878DOM:40 / 18New:1Total:12
4 Beds
Avg:$3,239Median:$3,195Range:$2,750 – $3,995PSF:$1 / $1Sq Ft:2,815 / 2,813DOM:6 / 1New:2Total:11
5 Beds
Avg:$3,645Median:$3,295Range:$3,195 – $4,395PSF:$1 / $1Sq Ft:3,210 / 3,016DOM:2 / 1New:2Total:4
6 Beds
Avg:$4,225Median:$3,950Range:$3,950 – $4,500PSF:$1 / $1Sq Ft:5,299 / 4,515DOM:8 / 8New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,549 | $1,549 | $1,549 – $1,549 | $3 / $3 | 609 / 609 | 270 / 270 | 0 | 1 |
| 3 Beds | $2,641 | $2,600 | $2,350 – $3,000 | $1 / $1 | 1,886 / 1,878 | 40 / 18 | 1 | 12 |
| 4 Beds | $3,239 | $3,195 | $2,750 – $3,995 | $1 / $1 | 2,815 / 2,813 | 6 / 1 | 2 | 11 |
| 5 Beds | $3,645 | $3,295 | $3,195 – $4,395 | $1 / $1 | 3,210 / 3,016 | 2 / 1 | 2 | 4 |
| 6 Beds | $4,225 | $3,950 | $3,950 – $4,500 | $1 / $1 | 5,299 / 4,515 | 8 / 8 | 0 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$565,490Median DOM:23New:61Total:144
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:$600,000Median DOM:24New:29Total:183
6-Month Rental Trend
Feb 2026
Median Rent:$2,750Median DOM:32New:5Total:23
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:$3,000Median DOM:1New:5Total:30
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory was flat.
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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