ZIP 23124 Housing Market Report
Richmond Metro
Report period: July 2026
23124 Monthly Market Update – July 2026
ZIP 23124 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$494,990
−0.0%
Median DOM (Sales)
36
+2.9%
New Listings (Sales)
13
−60.6%
Median Rent
$2,395
0.0%
Median DOM (Rental)
12
+140.0%
Total Rental Listings
5
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (35 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 5 Beds ($699,900 median)
Sales Market Overview
Median Price
$494,990
−0.0%
Median DOM
36
+2.9%
New Listings
13
−60.6%
Inventory
114
+1.8%
- Average Price: $591,109
- Median Price: $494,990
- Price Range: $99,000 – $2,000,000
- Price per Sq Ft (Avg/Median): $244 / $236
- Square Footage (Avg/Median): 2,502 / 2,340
- Square Footage Range: 1,324 – 4,446
- Days on Market (Avg/Median): 59 / 36
- Days on Market Range: 2 – 314
- New Listings: 13
- Total Listings: 114
Sales by Property Type
Land
Avg/Median Price$349,500 / $199,950Range$99,000 – $2,000,000Price per Sq Ft—Sq Ft—DOM78 / 77New2Total11
Single Family
Avg/Median Price$657,635 / $559,000Range$299,950 – $1,550,000Price per Sq Ft$251 / $242Sq Ft2,620 / 2,475DOM59 / 35New11Total90
Townhouse
Avg/Median Price$334,980 / $315,000Range$294,950 – $460,000Price per Sq Ft$198 / $198Sq Ft1,690 / 1,607DOM44 / 36New0Total13
Sales by Bedroom Count
3 Beds
Avg:$496,764Median:$472,950Range:$294,950 – $831,900PSF:$246 / $239Sq Ft:2,036 / 1,817DOM:65 / 36New:5Total:54
4 Beds
Avg:$729,668Median:$599,950Range:$379,900 – $1,550,000PSF:$246 / $232Sq Ft:2,867 / 2,844DOM:37 / 30New:3Total:37
5 Beds
Avg:$809,912Median:$699,900Range:$485,000 – $1,328,000PSF:$230 / $202Sq Ft:3,478 / 3,634DOM:88 / 49New:3Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $496,764 | $472,950 | $294,950 – $831,900 | $246 / $239 | 2,036 / 1,817 | 65 / 36 | 5 | 54 |
| 4 Beds | $729,668 | $599,950 | $379,900 – $1,550,000 | $246 / $232 | 2,867 / 2,844 | 37 / 30 | 3 | 37 |
| 5 Beds | $809,912 | $699,900 | $485,000 – $1,328,000 | $230 / $202 | 3,478 / 3,634 | 88 / 49 | 3 | 12 |
Rental Market Overview
Median Rent
$2,395
0.0%
Median DOM
12
+140.0%
New Listings
0
Inventory
5
0.0%
- Average Rent: $2,349
- Median Rent: $2,395
- Rent Range: $1,000 – $3,400
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,055 / 1,986
- Square Footage Range: 1,502 – 3,068
- Days on Market (Avg/Median): 14 / 12
- Days on Market Range: 1 – 26
- New Listings: 0
- Total Listings: 5
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,200
Median DOM: 15
Inventory: 4
MoM: 0.0%
Townhouse
$2,395
Median DOM: 1
Inventory: 1
MoM: 0.0%
Single Family
Avg/Median Rent$2,338 / $2,200Range$1,000 – $3,400Rent per Sq Ft$1 / $1Sq Ft2,176 / 1,986DOM18 / 15New0Total4
Townhouse
Avg/Median Rent$2,395 / $2,395Range$2,395 – $2,395Rent per Sq Ft$2 / $2Sq Ft1,568 / 1,568DOM1 / 1New0Total1
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:$2,298Median:$2,200Range:$2,200 – $2,395PSF:$2 / $1Sq Ft:1,535 / 1,502DOM:7 / 1New:0Total:2
4 Beds
Avg:$3,075Median:$2,750Range:$2,750 – $3,400PSF:$1 / $1Sq Ft:2,527 / 1,986DOM:21 / 15New:0Total:2
| 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 | $2,298 | $2,200 | $2,200 – $2,395 | $2 / $1 | 1,535 / 1,502 | 7 / 1 | 0 | 2 |
| 4 Beds | $3,075 | $2,750 | $2,750 – $3,400 | $1 / $1 | 2,527 / 1,986 | 21 / 15 | 0 | 2 |
6-Month Sales Trend
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:$510,000Median DOM:33New:35Total:103
Jun 2026
Median Price:$495,000Median DOM:35New:33Total:112
Jul 2026
Median Price:$494,990Median DOM:36New:13Total:114
6-Month Rental Trend
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:$2,200Median DOM:1New:2Total:4
Jun 2026
Median Rent:$2,395Median DOM:5New:3Total:5
Jul 2026
Median Rent:$2,395Median DOM:12New:0Total:5
Key Market Takeaways
Median sale prices softened 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.
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