ZIP 23140 Housing Market Report
Richmond Metro
Report period: August 2026
23140 Monthly Market Update – August 2026
ZIP 23140 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$539,000
−1.1%
Median DOM (Sales)
47
+2.2%
New Listings (Sales)
7
−53.3%
Median Rent
$2,800
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
6
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: Townhouse (41 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($699,000 median)
Sales Market Overview
Median Price
$539,000
−1.1%
Median DOM
47
+2.2%
New Listings
7
−53.3%
Inventory
90
+3.4%
- Average Price: $511,235
- Median Price: $539,000
- Price Range: $86,000 – $899,900
- Price per Sq Ft (Avg/Median): $207 / $203
- Square Footage (Avg/Median): 2,826 / 2,966
- Square Footage Range: 330 – 4,730
- Days on Market (Avg/Median): 69 / 47
- Days on Market Range: 1 – 348
- New Listings: 7
- Total Listings: 90
Sales by Property Type
Land
Avg/Median Price$142,396 / $135,000Range$86,000 – $283,250Price per Sq Ft—Sq Ft—DOM82 / 61New0Total12
Single Family
Avg/Median Price$579,567 / $579,950Range$148,000 – $899,900Price per Sq Ft$209 / $207Sq Ft2,870 / 2,984DOM68 / 47New7Total74
Townhouse
Avg/Median Price$353,609 / $335,000Range$320,000 – $389,500Price per Sq Ft$178 / $162Sq Ft2,027 / 1,915DOM50 / 41New0Total4
Sales by Bedroom Count
2 Beds
Avg:$181,500Median:$148,000Range:$148,000 – $215,000PSF:$324 / $199Sq Ft:705 / 330DOM:73 / 54New:0Total:2
3 Beds
Avg:$452,253Median:$400,000Range:$250,000 – $799,000PSF:$212 / $207Sq Ft:2,197 / 2,300DOM:72 / 47New:2Total:27
4 Beds
Avg:$617,962Median:$579,950Range:$408,495 – $899,900PSF:$205 / $209Sq Ft:3,027 / 2,966DOM:59 / 31New:4Total:26
5 Beds
Avg:$676,741Median:$699,000Range:$525,000 – $899,900PSF:$194 / $189Sq Ft:3,523 / 3,411DOM:69 / 53New:1Total:21
6 Beds
Avg:$724,975Median:$690,000Range:$690,000 – $759,950PSF:$206 / $202Sq Ft:3,520 / 3,280DOM:77 / 60New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $181,500 | $148,000 | $148,000 – $215,000 | $324 / $199 | 705 / 330 | 73 / 54 | 0 | 2 |
| 3 Beds | $452,253 | $400,000 | $250,000 – $799,000 | $212 / $207 | 2,197 / 2,300 | 72 / 47 | 2 | 27 |
| 4 Beds | $617,962 | $579,950 | $408,495 – $899,900 | $205 / $209 | 3,027 / 2,966 | 59 / 31 | 4 | 26 |
| 5 Beds | $676,741 | $699,000 | $525,000 – $899,900 | $194 / $189 | 3,523 / 3,411 | 69 / 53 | 1 | 21 |
| 6 Beds | $724,975 | $690,000 | $690,000 – $759,950 | $206 / $202 | 3,520 / 3,280 | 77 / 60 | 0 | 2 |
Rental Market Overview
Median Rent
$2,800
0.0%
Median DOM
1
0.0%
New Listings
2
Inventory
6
0.0%
- Average Rent: $2,766
- Median Rent: $2,800
- Rent Range: $1,495 – $3,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,374 / 1,972
- Square Footage Range: 720 – 3,701
- Days on Market (Avg/Median): 20 / 1
- Days on Market Range: 1 – 66
- New Listings: 2
- Total Listings: 6
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,800
Median DOM: 1
Inventory: 5
MoM: 0.0%
Townhouse
$2,500
Median DOM: 66
Inventory: 1
MoM: 0.0%
Single Family
Avg/Median Rent$2,819 / $2,800Range$1,495 – $3,500Rent per Sq Ft$1 / $1Sq Ft2,525 / 2,790DOM11 / 1New2Total5
Townhouse
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,621 / 1,621DOM66 / 66New0Total1
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:$2,500Median:$2,500Range:$2,500 – $2,500PSF:$2 / $2Sq Ft:1,621 / 1,621DOM:66 / 66New:0Total:1
4 Beds
Avg:$2,800Median:$2,800Range:$2,800 – $2,800PSF:$1 / $1Sq Ft:2,381 / 1,972DOM:8 / 1New:1Total:2
5 Beds
Avg:$3,500Median:$3,500Range:$3,500 – $3,500PSF:$1 / $1Sq Ft:3,572 / 3,442DOM:19 / 1New: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 | $2,500 | $2,500 | $2,500 – $2,500 | $2 / $2 | 1,621 / 1,621 | 66 / 66 | 0 | 1 |
| 4 Beds | $2,800 | $2,800 | $2,800 – $2,800 | $1 / $1 | 2,381 / 1,972 | 8 / 1 | 1 | 2 |
| 5 Beds | $3,500 | $3,500 | $3,500 – $3,500 | $1 / $1 | 3,572 / 3,442 | 19 / 1 | 0 | 2 |
6-Month Sales Trend
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:$545,000Median DOM:46New:15Total:87
Aug 2026
Median Price:$539,000Median DOM:47New:7Total:90
6-Month Rental Trend
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:$2,800Median DOM:1New:4Total:6
Aug 2026
Median Rent:$2,800Median DOM:1New:2Total:6
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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