ZIP 23140 Housing Market Report
Richmond Metro
Report period: July 2026
23140 Monthly Market Update – July 2026
ZIP 23140 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$550,000
+0.9%
Median DOM (Sales)
39
+11.4%
New Listings (Sales)
3
−88.5%
Median Rent
$2,750
+10.0%
Median DOM (Rental)
1
−95.8%
Total Rental Listings
4
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher.
What's Moving Fastest
- Fastest selling: Townhouse (23 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($749,990 median)
Sales Market Overview
Median Price
$550,000
+0.9%
Median DOM
39
+11.4%
New Listings
3
−88.5%
Inventory
90
−4.3%
- Average Price: $503,201
- Median Price: $550,000
- Price Range: $86,000 – $899,900
- Price per Sq Ft (Avg/Median): $207 / $203
- Square Footage (Avg/Median): 2,804 / 2,858
- Square Footage Range: 330 – 4,781
- Days on Market (Avg/Median): 59 / 39
- Days on Market Range: 3 – 331
- New Listings: 3
- Total Listings: 90
Sales by Property Type
Land
Avg/Median Price$132,958 / $135,000Range$86,000 – $150,000Price per Sq Ft—Sq Ft—DOM64 / 46New0Total12
Single Family
Avg/Median Price$576,426 / $579,990Range$148,000 – $899,900Price per Sq Ft$210 / $205Sq Ft2,856 / 2,984DOM60 / 39New3Total72
Townhouse
Avg/Median Price$364,981 / $340,000Range$325,000 – $424,999Price per Sq Ft$172 / $162Sq Ft2,175 / 1,979DOM28 / 23New0Total6
Sales by Bedroom Count
1 Beds
Avg:$199,500Median:$199,500Range:$199,500 – $199,500PSF:$192 / $192Sq Ft:1,040 / 1,040DOM:64 / 64New:0Total:1
2 Beds
Avg:$255,667Median:$300,000Range:$148,000 – $319,000PSF:$328 / $295Sq Ft:887 / 1,080DOM:45 / 39New:0Total:3
3 Beds
Avg:$436,324Median:$400,000Range:$250,000 – $825,000PSF:$206 / $201Sq Ft:2,165 / 2,104DOM:54 / 35New:1Total:26
4 Beds
Avg:$616,523Median:$584,950Range:$429,900 – $899,900PSF:$205 / $216Sq Ft:3,026 / 2,984DOM:65 / 34New:1Total:25
5 Beds
Avg:$688,430Median:$699,000Range:$545,000 – $899,900PSF:$195 / $190Sq Ft:3,562 / 3,415DOM:54 / 39New:1Total:20
6 Beds
Avg:$733,313Median:$749,990Range:$690,000 – $759,950PSF:$190 / $202Sq Ft:3,940 / 3,760DOM:66 / 64New:0Total: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 | 64 / 64 | 0 | 1 |
| 2 Beds | $255,667 | $300,000 | $148,000 – $319,000 | $328 / $295 | 887 / 1,080 | 45 / 39 | 0 | 3 |
| 3 Beds | $436,324 | $400,000 | $250,000 – $825,000 | $206 / $201 | 2,165 / 2,104 | 54 / 35 | 1 | 26 |
| 4 Beds | $616,523 | $584,950 | $429,900 – $899,900 | $205 / $216 | 3,026 / 2,984 | 65 / 34 | 1 | 25 |
| 5 Beds | $688,430 | $699,000 | $545,000 – $899,900 | $195 / $190 | 3,562 / 3,415 | 54 / 39 | 1 | 20 |
| 6 Beds | $733,313 | $749,990 | $690,000 – $759,950 | $190 / $202 | 3,940 / 3,760 | 66 / 64 | 0 | 3 |
Rental Market Overview
Median Rent
$2,750
+10.0%
Median DOM
1
−95.8%
New Listings
1
Inventory
4
0.0%
- Average Rent: $2,811
- Median Rent: $2,750
- Rent Range: $1,495 – $3,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,371 / 1,621
- Square Footage Range: 720 – 3,701
- Days on Market (Avg/Median): 19 / 1
- Days on Market Range: 1 – 37
- New Listings: 1
- Total Listings: 4
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: +10.0%
Condo
—
Median DOM: —
Inventory: —
MoM: +10.0%
Single Family
$3,500
Median DOM: 1
Inventory: 3
MoM: +10.0%
Townhouse
$2,750
Median DOM: 36
Inventory: 1
MoM: +10.0%
Single Family
Avg/Median Rent$2,832 / $3,500Range$1,495 – $3,500Rent per Sq Ft$1 / $1Sq Ft2,621 / 3,442DOM13 / 1New1Total3
Townhouse
Avg/Median Rent$2,750 / $2,750Range$2,750 – $2,750Rent per Sq Ft$2 / $2Sq Ft1,621 / 1,621DOM36 / 36New0Total1
Rentals by Bedroom Count
2 Beds
Avg:$1,495Median:$1,495Range:$1,495 – $1,495PSF:$2 / $2Sq Ft:720 / 720DOM:1 / 1New:0Total:1
3 Beds
Avg:$2,750Median:$2,750Range:$2,750 – $2,750PSF:$2 / $2Sq Ft:1,621 / 1,621DOM:36 / 36New:0Total:1
5 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:$1 / $1Sq Ft:3,572 / 3,442DOM:19 / 1New:1Total: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 | 0 | 1 |
| 3 Beds | $2,750 | $2,750 | $2,750 – $2,750 | $2 / $2 | 1,621 / 1,621 | 36 / 36 | 0 | 1 |
| 5 Beds | $3,500 | $3,500 | $3,500 – $3,500 | $1 / $1 | 3,572 / 3,442 | 19 / 1 | 1 | 2 |
6-Month Sales Trend
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:$549,000Median DOM:24New:30Total:93
Jun 2026
Median Price:$545,000Median DOM:35New:26Total:94
Jul 2026
Median Price:$550,000Median DOM:39New:3Total:90
6-Month Rental Trend
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:21New:2Total:4
Jun 2026
Median Rent:$2,500Median DOM:24New:1Total:4
Jul 2026
Median Rent:$2,750Median DOM:1New:1Total:4
Key Market Takeaways
Median sale prices moved higher 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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