ZIP 23140 Housing Market Report
Richmond Metro
Report period: May 2026
23140 Monthly Market Update – May 2026
ZIP 23140 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$575,000
−0.9%
Median DOM (Sales)
27
−6.9%
New Listings (Sales)
10
−63.0%
Median Rent
$2,500
0.0%
Median DOM (Rental)
24
+41.2%
Total Rental Listings
3
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Manufactured (3 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($759,950 median)
Sales Market Overview
Median Price
$575,000
−0.9%
Median DOM
27
−6.9%
New Listings
10
−63.0%
Inventory
92
+1.1%
- Average Price: $547,267
- Median Price: $575,000
- Price Range: $45,000 – $1,095,239
- Price per Sq Ft (Avg/Median): $212 / $203
- Square Footage (Avg/Median): 2,848 / 2,983
- Square Footage Range: 330 – 5,924
- Days on Market (Avg/Median): 49 / 27
- Days on Market Range: 1 – 273
- New Listings: 10
- Total Listings: 92
Sales by Property Type
Land
Avg/Median Price$129,500 / $119,999Range$45,000 – $240,000Price per Sq Ft—Sq Ft—DOM52 / 8New2Total8
Manufactured
Avg/Median Price$299,900 / $299,900Range$299,900 – $299,900Price per Sq Ft$198 / $198Sq Ft1,512 / 1,512DOM3 / 3New0Total1
Single Family
Avg/Median Price$605,573 / $614,990Range$148,000 – $1,095,239Price per Sq Ft$215 / $207Sq Ft2,913 / 3,009DOM52 / 31New8Total78
Townhouse
Avg/Median Price$355,590 / $348,000Range$279,999 – $424,999Price per Sq Ft$173 / $162Sq Ft2,101 / 2,104DOM20 / 22New0Total5
Sales by Bedroom Count
1 Beds
Avg:$199,500Median:$199,500Range:$199,500 – $199,500PSF:$192 / $192Sq Ft:1,040 / 1,040DOM:56 / 56New:0Total:1
2 Beds
Avg:$224,000Median:$148,000Range:$148,000 – $300,000PSF:$344 / $240Sq Ft:791 / 330DOM:13 / 1New:1Total:2
3 Beds
Avg:$462,544Median:$424,999Range:$270,000 – $865,000PSF:$218 / $202Sq Ft:2,157 / 2,219DOM:43 / 22New:2Total:28
4 Beds
Avg:$646,917Median:$624,950Range:$295,295 – $1,095,239PSF:$215 / $223Sq Ft:3,009 / 3,009DOM:50 / 27New:3Total:30
5 Beds
Avg:$692,319Median:$684,990Range:$545,000 – $899,900PSF:$195 / $185Sq Ft:3,573 / 3,431DOM:61 / 41New:0Total:20
6 Beds
Avg:$819,980Median:$759,950Range:$749,990 – $950,000PSF:$173 / $160Sq Ft:4,822 / 4,781DOM:37 / 4New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $199,500 | $199,500 | $199,500 – $199,500 | $192 / $192 | 1,040 / 1,040 | 56 / 56 | 0 | 1 |
| 2 Beds | $224,000 | $148,000 | $148,000 – $300,000 | $344 / $240 | 791 / 330 | 13 / 1 | 1 | 2 |
| 3 Beds | $462,544 | $424,999 | $270,000 – $865,000 | $218 / $202 | 2,157 / 2,219 | 43 / 22 | 2 | 28 |
| 4 Beds | $646,917 | $624,950 | $295,295 – $1,095,239 | $215 / $223 | 3,009 / 3,009 | 50 / 27 | 3 | 30 |
| 5 Beds | $692,319 | $684,990 | $545,000 – $899,900 | $195 / $185 | 3,573 / 3,431 | 61 / 41 | 0 | 20 |
| 6 Beds | $819,980 | $759,950 | $749,990 – $950,000 | $173 / $160 | 4,822 / 4,781 | 37 / 4 | 2 | 3 |
Rental Market Overview
Median Rent
$2,500
0.0%
Median DOM
24
+41.2%
New Listings
1
Inventory
3
0.0%
- Average Rent: $2,282
- Median Rent: $2,500
- Rent Range: $1,495 – $2,850
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,750 / 1,913
- Square Footage Range: 720 – 2,618
- Days on Market (Avg/Median): 18 / 24
- Days on Market Range: 1 – 30
- New Listings: 1
- Total Listings: 3
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,495
Median DOM: 1
Inventory: 2
MoM: 0.0%
Townhouse
$2,500
Median DOM: 24
Inventory: 1
MoM: 0.0%
Single Family
Avg/Median Rent$2,172 / $1,495Range$1,495 – $2,850Rent per Sq Ft$2 / $1Sq Ft1,669 / 720DOM16 / 1New1Total2
Townhouse
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$1 / $1Sq Ft1,913 / 1,913DOM24 / 24New0Total1
Rentals by Bedroom Count
2 Beds
Avg:$1,495Median:$1,495Range:$1,495 – $1,495PSF:$2 / $2Sq Ft:720 / 720DOM:1 / 1New:1Total:1
3 Beds
Avg:$2,675Median:$2,500Range:$2,500 – $2,850PSF:$1 / $1Sq Ft:2,266 / 1,913DOM:27 / 24New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,495 | $1,495 | $1,495 – $1,495 | $2 / $2 | 720 / 720 | 1 / 1 | 1 | 1 |
| 3 Beds | $2,675 | $2,500 | $2,500 – $2,850 | $1 / $1 | 2,266 / 1,913 | 27 / 24 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$597,000Median DOM:82New:4Total:56
Jan 2026
Median Price:$599,000Median DOM:71New:17Total:60
Feb 2026
Median Price:$599,950Median DOM:47New:18Total:69
Mar 2026
Median Price:$589,000Median DOM:24New:36Total:86
Apr 2026
Median Price:$580,000Median DOM:29New:27Total:91
May 2026
Median Price:$575,000Median DOM:27New:10Total:92
6-Month Rental Trend
Dec 2025
Median Rent:$2,500Median DOM:25New:2Total:6
Jan 2026
Median Rent:$2,500Median DOM:25New:1Total:4
Feb 2026
Median Rent:$2,800Median DOM:1New:1Total:3
Mar 2026
Median Rent:$2,800Median DOM:16New:2Total:3
Apr 2026
Median Rent:$2,500Median DOM:17New:2Total:3
May 2026
Median Rent:$2,500Median DOM:24New:1Total:3
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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