ZIP 23124 Housing Market Report
Richmond Metro
Report period: August 2026
23124 Monthly Market Update – August 2026
ZIP 23124 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$500,000
0.0%
Median DOM (Sales)
53
+10.4%
New Listings (Sales)
3
−85.7%
Median Rent
$2,950
0.0%
Median DOM (Rental)
25
+316.7%
Total Rental Listings
7
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Townhouse (33 DOM)
- Fastest renting: Single Family (25 DOM)
- Strongest bedroom: 5 Beds ($699,000 median)
Sales Market Overview
Median Price
$500,000
0.0%
Median DOM
53
+10.4%
New Listings
3
−85.7%
Inventory
106
−1.9%
- Average Price: $604,131
- Median Price: $500,000
- Price Range: $99,000 – $2,000,000
- Price per Sq Ft (Avg/Median): $242 / $233
- Square Footage (Avg/Median): 2,591 / 2,436
- Square Footage Range: 1,400 – 4,446
- Days on Market (Avg/Median): 71 / 53
- Days on Market Range: 2 – 344
- New Listings: 3
- Total Listings: 106
Sales by Property Type
Land
Avg/Median Price$349,500 / $199,950Range$99,000 – $2,000,000Price per Sq Ft—Sq Ft—DOM104 / 107New0Total11
Single Family
Avg/Median Price$677,008 / $619,990Range$357,500 – $1,550,000Price per Sq Ft$249 / $242Sq Ft2,721 / 2,589DOM70 / 52New3Total83
Townhouse
Avg/Median Price$333,478 / $315,000Range$294,950 – $460,000Price per Sq Ft$197 / $192Sq Ft1,692 / 1,568DOM46 / 33New0Total12
Sales by Bedroom Count
3 Beds
Avg:$494,295Median:$469,900Range:$294,950 – $784,900PSF:$243 / $242Sq Ft:2,051 / 1,832DOM:71 / 49New:1Total:45
4 Beds
Avg:$736,563Median:$652,490Range:$379,900 – $1,550,000PSF:$247 / $231Sq Ft:2,888 / 2,862DOM:49 / 40New:1Total:36
5 Beds
Avg:$816,706Median:$699,000Range:$485,000 – $1,328,000PSF:$227 / $201Sq Ft:3,563 / 3,691DOM:99 / 57New:1Total:14
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $494,295 | $469,900 | $294,950 – $784,900 | $243 / $242 | 2,051 / 1,832 | 71 / 49 | 1 | 45 |
| 4 Beds | $736,563 | $652,490 | $379,900 – $1,550,000 | $247 / $231 | 2,888 / 2,862 | 49 / 40 | 1 | 36 |
| 5 Beds | $816,706 | $699,000 | $485,000 – $1,328,000 | $227 / $201 | 3,563 / 3,691 | 99 / 57 | 1 | 14 |
Rental Market Overview
Median Rent
$2,950
0.0%
Median DOM
25
+316.7%
New Listings
1
Inventory
7
0.0%
- Average Rent: $2,771
- Median Rent: $2,950
- Rent Range: $1,000 – $3,800
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,657 / 2,240
- Square Footage Range: 1,650 – 4,414
- Days on Market (Avg/Median): 29 / 25
- Days on Market Range: 1 – 57
- New Listings: 1
- Total Listings: 7
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,950
Median DOM: 25
Inventory: 6
MoM: 0.0%
Townhouse
$2,300
Median DOM: —
Inventory: 1
MoM: 0.0%
Single Family
Avg/Median Rent$2,850 / $2,950Range$1,000 – $3,800Rent per Sq Ft$1 / $1Sq Ft2,825 / 2,240DOM29 / 25New1Total6
Townhouse
Avg/Median Rent$2,300 / $2,300Range$2,300 – $2,300Rent per Sq Ft$1 / $1Sq Ft1,650 / 1,650DOM—New0Total1
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:$2,300Median:$2,300Range:$2,300 – $2,300PSF:$1 / $1Sq Ft:1,650 / 1,650DOM:—New:0Total:1
4 Beds
Avg:$3,033Median:$2,950Range:$2,750 – $3,400PSF:$1 / $1Sq Ft:2,431 / 2,240DOM:40 / 46New:0Total:3
5 Beds
Avg:$3,800Median:$3,800Range:$3,800 – $3,800PSF:$1 / $1Sq Ft:3,090 / 3,090DOM:25 / 25New:0Total:1
6 Beds
Avg:$3,200Median:$3,200Range:$3,200 – $3,200PSF:$1 / $1Sq Ft:4,414 / 4,414DOM:1 / 1New:1Total: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 | $2,300 | $2,300 | $2,300 – $2,300 | $1 / $1 | 1,650 / 1,650 | — | 0 | 1 |
| 4 Beds | $3,033 | $2,950 | $2,750 – $3,400 | $1 / $1 | 2,431 / 2,240 | 40 / 46 | 0 | 3 |
| 5 Beds | $3,800 | $3,800 | $3,800 – $3,800 | $1 / $1 | 3,090 / 3,090 | 25 / 25 | 0 | 1 |
| 6 Beds | $3,200 | $3,200 | $3,200 – $3,200 | $1 / $1 | 4,414 / 4,414 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$488,990Median DOM:53New:25Total:93
Apr 2026
Median Price:$479,000Median DOM:34New:28Total:94
May 2026
Median Price:$510,000Median DOM:33New:35Total:103
Jun 2026
Median Price:$495,000Median DOM:35New:33Total:112
Jul 2026
Median Price:$500,000Median DOM:48New:21Total:108
Aug 2026
Median Price:$500,000Median DOM:53New:3Total:106
6-Month Rental Trend
Mar 2026
Median Rent:$2,395Median DOM:1New:2Total:5
Apr 2026
Median Rent:$2,350Median DOM:1New:1Total:4
May 2026
Median Rent:$2,200Median DOM:1New:2Total:4
Jun 2026
Median Rent:$2,395Median DOM:5New:3Total:5
Jul 2026
Median Rent:$2,950Median DOM:6New:3Total:7
Aug 2026
Median Rent:$2,950Median DOM:25New:1Total:7
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. 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.
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