ZIP 23220 Housing Market Report
Richmond Metro
Report period: August 2026
23220 Monthly Market Update – August 2026
ZIP 23220 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$465,000
0.0%
Median DOM (Sales)
26
−13.3%
New Listings (Sales)
16
−27.3%
Median Rent
$1,595
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
525
−3.8%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (20 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($3,295,000 median)
Sales Market Overview
Median Price
$465,000
0.0%
Median DOM
26
−13.3%
New Listings
16
−27.3%
Inventory
128
+4.9%
- Average Price: $560,387
- Median Price: $465,000
- Price Range: $149,000 – $3,295,000
- Price per Sq Ft (Avg/Median): $313 / $296
- Square Footage (Avg/Median): 1,833 / 1,582
- Square Footage Range: 491 – 7,272
- Days on Market (Avg/Median): 48 / 26
- Days on Market Range: 2 – 249
- New Listings: 16
- Total Listings: 128
Sales by Property Type
Condo
Avg/Median Price$379,654 / $359,000Range$179,750 – $739,950Price per Sq Ft$305 / $288Sq Ft1,344 / 1,170DOM52 / 39New5Total45
Land
Avg/Median Price$302,238 / $149,950Range$149,000 – $650,000Price per Sq Ft—Sq Ft—DOM99 / 54New0Total4
Multi-Family
Avg/Median Price$689,975 / $599,950Range$599,950 – $780,000Price per Sq Ft$354 / $313Sq Ft2,007 / 1,518DOM111 / 22New0Total2
Single Family
Avg/Median Price$682,921 / $469,000Range$245,000 – $3,295,000Price per Sq Ft$318 / $293Sq Ft2,095 / 1,624DOM37 / 23New7Total39
Townhouse
Avg/Median Price$669,009 / $575,000Range$285,000 – $1,625,000Price per Sq Ft$316 / $313Sq Ft2,136 / 2,070DOM46 / 20New4Total38
Sales by Bedroom Count
1 Beds
Avg:$219,606Median:$225,000Range:$179,750 – $269,000PSF:$352 / $352Sq Ft:643 / 555DOM:76 / 53New:1Total:9
2 Beds
Avg:$390,608Median:$360,000Range:$245,000 – $639,000PSF:$322 / $319Sq Ft:1,245 / 1,170DOM:42 / 18New:7Total:38
3 Beds
Avg:$600,102Median:$539,900Range:$290,000 – $1,495,000PSF:$312 / $308Sq Ft:1,933 / 1,890DOM:45 / 22New:5Total:51
4 Beds
Avg:$680,629Median:$690,000Range:$399,950 – $1,150,000PSF:$273 / $284Sq Ft:2,499 / 2,460DOM:40 / 29New:2Total:19
5 Beds
Avg:$1,193,990Median:$714,950Range:$585,000 – $2,450,000PSF:$312 / $266Sq Ft:3,529 / 3,461DOM:32 / 26New:1Total:5
6 Beds
Avg:$899,000Median:$899,000Range:$899,000 – $899,000PSF:$275 / $275Sq Ft:3,268 / 3,268DOM:150 / 150New:0Total:1
7 Beds
Avg:$3,295,000Median:$3,295,000Range:$3,295,000 – $3,295,000PSF:$453 / $453Sq Ft:7,272 / 7,272DOM:122 / 122New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $219,606 | $225,000 | $179,750 – $269,000 | $352 / $352 | 643 / 555 | 76 / 53 | 1 | 9 |
| 2 Beds | $390,608 | $360,000 | $245,000 – $639,000 | $322 / $319 | 1,245 / 1,170 | 42 / 18 | 7 | 38 |
| 3 Beds | $600,102 | $539,900 | $290,000 – $1,495,000 | $312 / $308 | 1,933 / 1,890 | 45 / 22 | 5 | 51 |
| 4 Beds | $680,629 | $690,000 | $399,950 – $1,150,000 | $273 / $284 | 2,499 / 2,460 | 40 / 29 | 2 | 19 |
| 5 Beds | $1,193,990 | $714,950 | $585,000 – $2,450,000 | $312 / $266 | 3,529 / 3,461 | 32 / 26 | 1 | 5 |
| 6 Beds | $899,000 | $899,000 | $899,000 – $899,000 | $275 / $275 | 3,268 / 3,268 | 150 / 150 | 0 | 1 |
| 7 Beds | $3,295,000 | $3,295,000 | $3,295,000 – $3,295,000 | $453 / $453 | 7,272 / 7,272 | 122 / 122 | 0 | 1 |
Rental Market Overview
Median Rent
$1,595
0.0%
Median DOM
1
0.0%
New Listings
121
Inventory
525
−3.8%
- Average Rent: $1,761
- Median Rent: $1,595
- Rent Range: $574 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,027 / 850
- Square Footage Range: 250 – 3,575
- Days on Market (Avg/Median): 25 / 1
- Days on Market Range: 1 – 264
- New Listings: 121
- Total Listings: 525
Rentals by Property Type
Apartment
$1,550
Median DOM: 14
Inventory: 265
MoM: 0.0%
Condo
$1,395
Median DOM: 1
Inventory: 138
MoM: 0.0%
Single Family
$2,300
Median DOM: 1
Inventory: 104
MoM: 0.0%
Townhouse
$1,795
Median DOM: 41
Inventory: 15
MoM: 0.0%
Apartment
Avg/Median Rent$1,640 / $1,550Range$825 – $3,800Rent per Sq Ft$2 / $2Sq Ft908 / 785DOM38 / 14New52Total265
Condo
Avg/Median Rent$1,493 / $1,395Range$574 – $3,295Rent per Sq Ft$2 / $2Sq Ft844 / 800DOM9 / 1New38Total138
Multi-Family
Avg/Median Rent$3,133 / $3,100Range$2,800 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,686 / 1,662DOM74 / 84New0Total3
Single Family
Avg/Median Rent$2,368 / $2,300Range$950 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,467 / 1,310DOM12 / 1New31Total104
Townhouse
Avg/Median Rent$1,894 / $1,795Range$725 – $3,300Rent per Sq Ft$2 / $1Sq Ft1,290 / 1,206DOM48 / 41New0Total15
Rentals by Bedroom Count
Studio
Avg:$1,190Median:$1,175Range:$995 – $1,995PSF:$3 / $3Sq Ft:451 / 434DOM:16 / 1New:8Total:29
1 Beds
Avg:$1,344Median:$1,300Range:$825 – $2,500PSF:$2 / $2Sq Ft:661 / 649DOM:28 / 2New:26Total:155
2 Beds
Avg:$1,643Median:$1,595Range:$737 – $2,800PSF:$2 / $2Sq Ft:947 / 850DOM:23 / 1New:50Total:199
3 Beds
Avg:$2,259Median:$2,200Range:$574 – $4,500PSF:$2 / $2Sq Ft:1,413 / 1,280DOM:31 / 6New:27Total:100
4 Beds
Avg:$2,927Median:$2,950Range:$725 – $3,800PSF:$2 / $2Sq Ft:1,832 / 1,752DOM:17 / 1New:10Total:32
5 Beds
Avg:$3,536Median:$3,400Range:$2,995 – $4,200PSF:$2 / $2Sq Ft:2,135 / 1,926DOM:6 / 1New:0Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,190 | $1,175 | $995 – $1,995 | $3 / $3 | 451 / 434 | 16 / 1 | 8 | 29 |
| 1 Beds | $1,344 | $1,300 | $825 – $2,500 | $2 / $2 | 661 / 649 | 28 / 2 | 26 | 155 |
| 2 Beds | $1,643 | $1,595 | $737 – $2,800 | $2 / $2 | 947 / 850 | 23 / 1 | 50 | 199 |
| 3 Beds | $2,259 | $2,200 | $574 – $4,500 | $2 / $2 | 1,413 / 1,280 | 31 / 6 | 27 | 100 |
| 4 Beds | $2,927 | $2,950 | $725 – $3,800 | $2 / $2 | 1,832 / 1,752 | 17 / 1 | 10 | 32 |
| 5 Beds | $3,536 | $3,400 | $2,995 – $4,200 | $2 / $2 | 2,135 / 1,926 | 6 / 1 | 0 | 10 |
6-Month Sales Trend
Mar 2026
Median Price:$484,950Median DOM:26New:34Total:111
Apr 2026
Median Price:$475,000Median DOM:23New:43Total:128
May 2026
Median Price:$475,000Median DOM:19New:52Total:146
Jun 2026
Median Price:$520,000Median DOM:17New:46Total:149
Jul 2026
Median Price:$465,000Median DOM:30New:22Total:122
Aug 2026
Median Price:$465,000Median DOM:26New:16Total:128
6-Month Rental Trend
Mar 2026
Median Rent:$1,695Median DOM:1New:256Total:395
Apr 2026
Median Rent:$1,750Median DOM:1New:333Total:559
May 2026
Median Rent:$1,695Median DOM:1New:313Total:570
Jun 2026
Median Rent:$1,679Median DOM:1New:313Total:587
Jul 2026
Median Rent:$1,595Median DOM:1New:263Total:546
Aug 2026
Median Rent:$1,595Median DOM:1New:121Total:525
Key Market Takeaways
Median sale prices held steady 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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