ZIP 23124 Housing Market Report
Richmond Metro
Report period: May 2026
23124 Monthly Market Update – May 2026
ZIP 23124 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$495,000
+3.3%
Median DOM (Sales)
37
+8.8%
New Listings (Sales)
10
−64.3%
Median Rent
$2,350
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
4
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Townhouse (33 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($694,990 median)
Sales Market Overview
Median Price
$495,000
+3.3%
Median DOM
37
+8.8%
New Listings
10
−64.3%
Inventory
97
+3.2%
- Average Price: $553,729
- Median Price: $495,000
- Price Range: $99,000 – $1,498,000
- Price per Sq Ft (Avg/Median): $247 / $242
- Square Footage (Avg/Median): 2,356 / 2,220
- Square Footage Range: 864 – 4,440
- Days on Market (Avg/Median): 63 / 37
- Days on Market Range: 2 – 284
- New Listings: 10
- Total Listings: 97
Sales by Property Type
Land
Avg/Median Price$300,333 / $140,000Range$99,000 – $1,490,000Price per Sq Ft—Sq Ft—DOM51 / 37New0Total9
Single Family
Avg/Median Price$598,243 / $525,000Range$159,950 – $1,498,000Price per Sq Ft$250 / $251Sq Ft2,409 / 2,316DOM66 / 36New9Total82
Townhouse
Avg/Median Price$325,467 / $315,000Range$299,900 – $359,000Price per Sq Ft$199 / $195Sq Ft1,637 / 1,568DOM37 / 33New1Total6
Sales by Bedroom Count
3 Beds
Avg:$493,507Median:$469,000Range:$159,950 – $831,900PSF:$256 / $271Sq Ft:1,943 / 1,817DOM:75 / 56New:5Total:49
4 Beds
Avg:$650,521Median:$539,950Range:$419,900 – $1,498,000PSF:$239 / $231Sq Ft:2,641 / 2,382DOM:44 / 24New:3Total:27
5 Beds
Avg:$771,901Median:$694,990Range:$495,000 – $1,312,454PSF:$225 / $197Sq Ft:3,402 / 3,152DOM:66 / 17New:2Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $493,507 | $469,000 | $159,950 – $831,900 | $256 / $271 | 1,943 / 1,817 | 75 / 56 | 5 | 49 |
| 4 Beds | $650,521 | $539,950 | $419,900 – $1,498,000 | $239 / $231 | 2,641 / 2,382 | 44 / 24 | 3 | 27 |
| 5 Beds | $771,901 | $694,990 | $495,000 – $1,312,454 | $225 / $197 | 3,402 / 3,152 | 66 / 17 | 2 | 12 |
Rental Market Overview
Median Rent
$2,350
0.0%
Median DOM
1
0.0%
New Listings
1
Inventory
4
0.0%
- Average Rent: $2,149
- Median Rent: $2,350
- Rent Range: $1,000 – $2,850
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,846 / 1,667
- Square Footage Range: 1,568 – 2,150
- Days on Market (Avg/Median): 1 / 1
- Days on Market Range: 1 – 1
- New Listings: 1
- Total Listings: 4
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,000
Median DOM: 1
Inventory: 2
MoM: 0.0%
Townhouse
$2,350
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
Avg/Median Rent$1,925 / $1,000Range$1,000 – $2,850Rent per Sq Ft$1 / $0Sq Ft2,074 / 1,997DOM1 / 1New0Total2
Townhouse
Avg/Median Rent$2,372 / $2,350Range$2,350 – $2,395Rent per Sq Ft$1 / $1Sq Ft1,618 / 1,568DOM1 / 1New1Total2
Rentals by Bedroom Count
1 Beds
Avg:$1,000Median:$1,000Range:$1,000 – $1,000PSF:$0 / $0Sq Ft:2,150 / 2,150DOM:—New:0Total:1
3 Beds
Avg:$2,372Median:$2,350Range:$2,350 – $2,395PSF:$1 / $1Sq Ft:1,618 / 1,568DOM:1 / 1New:1Total:2
4 Beds
Avg:$2,850Median:$2,850Range:$2,850 – $2,850PSF:$1 / $1Sq Ft:1,997 / 1,997DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,000 | $1,000 | $1,000 – $1,000 | $0 / $0 | 2,150 / 2,150 | — | 0 | 1 |
| 3 Beds | $2,372 | $2,350 | $2,350 – $2,395 | $1 / $1 | 1,618 / 1,568 | 1 / 1 | 1 | 2 |
| 4 Beds | $2,850 | $2,850 | $2,850 – $2,850 | $1 / $1 | 1,997 / 1,997 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$458,990Median DOM:69New:18Total:115
Jan 2026
Median Price:$469,990Median DOM:84New:24Total:105
Feb 2026
Median Price:$458,990Median DOM:54New:18Total:96
Mar 2026
Median Price:$488,990Median DOM:53New:25Total:93
Apr 2026
Median Price:$479,000Median DOM:34New:28Total:94
May 2026
Median Price:$495,000Median DOM:37New:10Total:97
6-Month Rental Trend
Dec 2025
Median Rent:$2,700Median DOM:40New:4Total:9
Jan 2026
Median Rent:$2,700Median DOM:20New:4Total:11
Feb 2026
Median Rent:$2,500Median DOM:51New:2Total:9
Mar 2026
Median Rent:$2,395Median DOM:1New:2Total:5
Apr 2026
Median Rent:$2,350Median DOM:1New:1Total:4
May 2026
Median Rent:$2,350Median DOM:1New:1Total:4
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 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro