ZIP 23150 Housing Market Report
Richmond Metro
Report period: August 2026
23150 Monthly Market Update – August 2026
ZIP 23150 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$340,000
+1.8%
Median DOM (Sales)
23
−8.0%
New Listings (Sales)
8
−69.2%
Median Rent
$1,995
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
15
−6.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (3 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 4 Beds ($455,000 median)
Sales Market Overview
Median Price
$340,000
+1.8%
Median DOM
23
−8.0%
New Listings
8
−69.2%
Inventory
75
+1.4%
- Average Price: $344,135
- Median Price: $340,000
- Price Range: $80,000 – $635,000
- Price per Sq Ft (Avg/Median): $229 / $233
- Square Footage (Avg/Median): 1,596 / 1,374
- Square Footage Range: 854 – 3,918
- Days on Market (Avg/Median): 33 / 23
- Days on Market Range: 2 – 122
- New Listings: 8
- Total Listings: 75
Sales by Property Type
Condo
Avg/Median Price$261,643 / $254,950Range$249,990 – $279,990Price per Sq Ft$269 / $269Sq Ft977 / 931DOM41 / 32New0Total3
Land
Avg/Median Price$197,500 / $80,000Range$80,000 – $330,000Price per Sq Ft—Sq Ft—DOM4 / 3New2Total4
Single Family
Avg/Median Price$363,286 / $349,950Range$199,900 – $635,000Price per Sq Ft$224 / $226Sq Ft1,699 / 1,592DOM35 / 21New5Total48
Townhouse
Avg/Median Price$339,875 / $337,450Range$299,000 – $381,620Price per Sq Ft$238 / $242Sq Ft1,441 / 1,336DOM34 / 32New1Total20
Sales by Bedroom Count
2 Beds
Avg:$241,630Median:$249,990Range:$219,950 – $254,950PSF:$260 / $269Sq Ft:931 / 931DOM:40 / 32New:0Total:3
3 Beds
Avg:$330,281Median:$334,990Range:$200,000 – $635,000PSF:$234 / $238Sq Ft:1,442 / 1,336DOM:35 / 28New:5Total:52
4 Beds
Avg:$445,039Median:$455,000Range:$199,900 – $620,000PSF:$209 / $195Sq Ft:2,221 / 1,970DOM:33 / 20New:1Total:16
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $241,630 | $249,990 | $219,950 – $254,950 | $260 / $269 | 931 / 931 | 40 / 32 | 0 | 3 |
| 3 Beds | $330,281 | $334,990 | $200,000 – $635,000 | $234 / $238 | 1,442 / 1,336 | 35 / 28 | 5 | 52 |
| 4 Beds | $445,039 | $455,000 | $199,900 – $620,000 | $209 / $195 | 2,221 / 1,970 | 33 / 20 | 1 | 16 |
Rental Market Overview
Median Rent
$1,995
0.0%
Median DOM
1
0.0%
New Listings
3
Inventory
15
−6.3%
- Average Rent: $2,079
- Median Rent: $1,995
- Rent Range: $1,695 – $2,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,365 / 1,088
- Square Footage Range: 854 – 2,819
- Days on Market (Avg/Median): 21 / 1
- Days on Market Range: 1 – 215
- New Listings: 3
- Total Listings: 15
Rentals by Property Type
Apartment
$1,816
Median DOM: 215
Inventory: 1
MoM: 0.0%
Condo
$1,795
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
$1,995
Median DOM: 1
Inventory: 10
MoM: 0.0%
Townhouse
$2,050
Median DOM: 1
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,816 / $1,816Range$1,816 – $1,816Rent per Sq Ft$2 / $2Sq Ft906 / 906DOM215 / 215New0Total1
Condo
Avg/Median Rent$1,795 / $1,795Range$1,795 – $1,795Rent per Sq Ft$2 / $2Sq Ft897 / 897DOM11 / 1New0Total2
Single Family
Avg/Median Rent$2,153 / $1,995Range$1,695 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,511 / 1,088DOM5 / 1New3Total10
Townhouse
Avg/Median Rent$2,122 / $2,050Range$2,050 – $2,195Rent per Sq Ft$1 / $1Sq Ft1,479 / 1,318DOM5 / 1New0Total2
Rentals by Bedroom Count
2 Beds
Avg:$1,775Median:$1,795Range:$1,695 – $1,816PSF:$2 / $2Sq Ft:888 / 897DOM:60 / 1New:0Total:4
3 Beds
Avg:$2,158Median:$2,050Range:$1,750 – $2,700PSF:$2 / $2Sq Ft:1,458 / 1,280DOM:5 / 1New:3Total:10
4 Beds
Avg:$2,500Median:$2,500Range:$2,500 – $2,500PSF:$1 / $1Sq Ft:2,529 / 2,529DOM:11 / 11New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,775 | $1,795 | $1,695 – $1,816 | $2 / $2 | 888 / 897 | 60 / 1 | 0 | 4 |
| 3 Beds | $2,158 | $2,050 | $1,750 – $2,700 | $2 / $2 | 1,458 / 1,280 | 5 / 1 | 3 | 10 |
| 4 Beds | $2,500 | $2,500 | $2,500 – $2,500 | $1 / $1 | 2,529 / 2,529 | 11 / 11 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$319,990Median DOM:25New:25Total:74
Apr 2026
Median Price:$327,450Median DOM:26New:29Total:87
May 2026
Median Price:$331,050Median DOM:29New:24Total:79
Jun 2026
Median Price:$334,050Median DOM:26New:28Total:77
Jul 2026
Median Price:$334,050Median DOM:25New:26Total:74
Aug 2026
Median Price:$340,000Median DOM:23New:8Total:75
6-Month Rental Trend
Mar 2026
Median Rent:$1,760Median DOM:5New:5Total:15
Apr 2026
Median Rent:$1,850Median DOM:7New:8Total:16
May 2026
Median Rent:$1,950Median DOM:2New:8Total:18
Jun 2026
Median Rent:$1,950Median DOM:5New:7Total:19
Jul 2026
Median Rent:$1,995Median DOM:1New:7Total:16
Aug 2026
Median Rent:$1,995Median DOM:1New:3Total:15
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory tightened.
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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