ZIP 23150 Housing Market Report
Richmond Metro
Report period: May 2026
23150 Monthly Market Update – May 2026
ZIP 23150 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$329,990
+0.8%
Median DOM (Sales)
25
−3.8%
New Listings (Sales)
9
−69.0%
Median Rent
$1,950
+5.4%
Median DOM (Rental)
7
0.0%
Total Rental Listings
13
−18.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (21 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($425,000 median)
Sales Market Overview
Median Price
$329,990
+0.8%
Median DOM
25
−3.8%
New Listings
9
−69.0%
Inventory
82
−5.7%
- Average Price: $357,162
- Median Price: $329,990
- Price Range: $35,000 – $3,280,000
- Price per Sq Ft (Avg/Median): $230 / $236
- Square Footage (Avg/Median): 1,584 / 1,340
- Square Footage Range: 760 – 9,315
- Days on Market (Avg/Median): 36 / 25
- Days on Market Range: 2 – 177
- New Listings: 9
- Total Listings: 82
Sales by Property Type
Condo
Avg/Median Price$249,980 / $249,990Range$244,990 – $254,950Price per Sq Ft$271 / $269Sq Ft922 / 931DOM64 / 28New1Total4
Land
Avg/Median Price$190,564 / $139,000Range$35,000 – $475,000Price per Sq Ft—Sq Ft—DOM29 / 26New0Total7
Single Family
Avg/Median Price$405,042 / $349,900Range$79,900 – $3,280,000Price per Sq Ft$222 / $228Sq Ft1,740 / 1,490DOM34 / 21New3Total45
Townhouse
Avg/Median Price$335,634 / $331,050Range$299,950 – $381,620Price per Sq Ft$238 / $242Sq Ft1,416 / 1,336DOM36 / 22New5Total26
Sales by Bedroom Count
2 Beds
Avg:$229,260Median:$249,990Range:$79,900 – $300,000PSF:$244 / $269Sq Ft:922 / 931DOM:58 / 28New:2Total:7
3 Beds
Avg:$335,901Median:$331,050Range:$179,900 – $589,950PSF:$232 / $239Sq Ft:1,462 / 1,336DOM:35 / 21New:6Total:53
4 Beds
Avg:$372,365Median:$370,605Range:$230,000 – $485,000PSF:$212 / $215Sq Ft:1,762 / 1,685DOM:27 / 24New:1Total:13
5 Beds
Avg:$1,852,500Median:$425,000Range:$425,000 – $3,280,000PSF:$256 / $159Sq Ft:5,992 / 2,670DOM:55 / 35New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $229,260 | $249,990 | $79,900 – $300,000 | $244 / $269 | 922 / 931 | 58 / 28 | 2 | 7 |
| 3 Beds | $335,901 | $331,050 | $179,900 – $589,950 | $232 / $239 | 1,462 / 1,336 | 35 / 21 | 6 | 53 |
| 4 Beds | $372,365 | $370,605 | $230,000 – $485,000 | $212 / $215 | 1,762 / 1,685 | 27 / 24 | 1 | 13 |
| 5 Beds | $1,852,500 | $425,000 | $425,000 – $3,280,000 | $256 / $159 | 5,992 / 2,670 | 55 / 35 | 0 | 2 |
Rental Market Overview
Median Rent
$1,950
+5.4%
Median DOM
7
0.0%
New Listings
2
Inventory
13
−18.8%
- Average Rent: $2,385
- Median Rent: $1,950
- Rent Range: $1,150 – $7,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,815 / 1,280
- Square Footage Range: 894 – 9,315
- Days on Market (Avg/Median): 26 / 7
- Days on Market Range: 1 – 124
- New Listings: 2
- Total Listings: 13
Rentals by Property Type
Apartment
$1,606
Median DOM: 124
Inventory: 1
MoM: +5.4%
Condo
—
Median DOM: —
Inventory: —
MoM: +5.4%
Single Family
$1,950
Median DOM: 1
Inventory: 11
MoM: +5.4%
Townhouse
$2,300
Median DOM: 33
Inventory: 1
MoM: +5.4%
Apartment
Avg/Median Rent$1,606 / $1,606Range$1,606 – $1,606Rent per Sq Ft$2 / $2Sq Ft940 / 940DOM124 / 124New0Total1
Single Family
Avg/Median Rent$2,464 / $1,950Range$1,150 – $7,500Rent per Sq Ft$2 / $2Sq Ft1,943 / 1,280DOM16 / 1New2Total11
Townhouse
Avg/Median Rent$2,300 / $2,300Range$2,300 – $2,300Rent per Sq Ft$2 / $2Sq Ft1,280 / 1,280DOM33 / 33New0Total1
Rentals by Bedroom Count
2 Beds
Avg:$1,378Median:$1,150Range:$1,150 – $1,606PSF:$1 / $1Sq Ft:920 / 900DOM:66 / 8New:0Total:2
3 Beds
Avg:$2,106Median:$1,995Range:$1,725 – $2,800PSF:$2 / $2Sq Ft:1,227 / 1,280DOM:20 / 1New:1Total:9
4 Beds
Avg:$1,795Median:$1,795Range:$1,795 – $1,795PSF:$1 / $1Sq Ft:1,400 / 1,400DOM:1 / 1New:1Total:1
5 Beds
Avg:$7,500Median:$7,500Range:$7,500 – $7,500PSF:$1 / $1Sq Ft:9,315 / 9,315DOM:24 / 24New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,378 | $1,150 | $1,150 – $1,606 | $1 / $1 | 920 / 900 | 66 / 8 | 0 | 2 |
| 3 Beds | $2,106 | $1,995 | $1,725 – $2,800 | $2 / $2 | 1,227 / 1,280 | 20 / 1 | 1 | 9 |
| 4 Beds | $1,795 | $1,795 | $1,795 – $1,795 | $1 / $1 | 1,400 / 1,400 | 1 / 1 | 1 | 1 |
| 5 Beds | $7,500 | $7,500 | $7,500 – $7,500 | $1 / $1 | 9,315 / 9,315 | 24 / 24 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$337,715Median DOM:33New:21Total:77
Jan 2026
Median Price:$341,110Median DOM:32New:23Total:73
Feb 2026
Median Price:$329,990Median DOM:19New:24Total:73
Mar 2026
Median Price:$319,990Median DOM:25New:25Total:74
Apr 2026
Median Price:$327,450Median DOM:26New:29Total:87
May 2026
Median Price:$329,990Median DOM:25New:9Total:82
6-Month Rental Trend
Dec 2025
Median Rent:$1,895Median DOM:1New:8Total:17
Jan 2026
Median Rent:$1,750Median DOM:1New:9Total:15
Feb 2026
Median Rent:$1,750Median DOM:1New:6Total:17
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:7New:2Total:13
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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