ZIP 23220 Housing Market Report
Richmond Metro
Report period: May 2026
23220 Monthly Market Update – May 2026
ZIP 23220 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$467,550
−1.6%
Median DOM (Sales)
23
0.0%
New Listings (Sales)
12
−72.1%
Median Rent
$1,750
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
580
+3.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (12 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($1,695,000 median)
Sales Market Overview
Median Price
$467,550
−1.6%
Median DOM
23
0.0%
New Listings
12
−72.1%
Inventory
121
−5.5%
- Average Price: $575,566
- Median Price: $467,550
- Price Range: $11,000 – $3,295,000
- Price per Sq Ft (Avg/Median): $313 / $302
- Square Footage (Avg/Median): 1,858 / 1,592
- Square Footage Range: 522 – 7,272
- Days on Market (Avg/Median): 45 / 23
- Days on Market Range: 2 – 326
- New Listings: 12
- Total Listings: 121
Sales by Property Type
Condo
Avg/Median Price$393,306 / $365,500Range$174,000 – $799,900Price per Sq Ft$319 / $302Sq Ft1,262 / 1,220DOM56 / 35New2Total35
Land
Avg/Median Price$270,000 / $149,000Range$11,000 – $650,000Price per Sq Ft—Sq Ft—DOM106 / 106New0Total3
Multi-Family
Avg/Median Price$745,475 / $545,000Range$499,900 – $1,319,000Price per Sq Ft$369 / $399Sq Ft2,066 / 1,518DOM66 / 49New0Total4
Single Family
Avg/Median Price$599,902 / $475,000Range$225,000 – $3,295,000Price per Sq Ft$300 / $283Sq Ft1,965 / 1,634DOM28 / 12New4Total43
Townhouse
Avg/Median Price$730,281 / $634,950Range$200,000 – $1,695,000Price per Sq Ft$317 / $307Sq Ft2,286 / 2,007DOM51 / 30New6Total36
Sales by Bedroom Count
1 Beds
Avg:$281,714Median:$257,500Range:$186,000 – $545,000PSF:$357 / $359Sq Ft:788 / 731DOM:50 / 45New:0Total:7
2 Beds
Avg:$378,686Median:$360,000Range:$174,000 – $639,950PSF:$326 / $319Sq Ft:1,187 / 1,170DOM:48 / 32New:2Total:28
3 Beds
Avg:$569,051Median:$549,950Range:$200,000 – $1,185,000PSF:$317 / $304Sq Ft:1,758 / 1,602DOM:49 / 23New:5Total:55
4 Beds
Avg:$769,449Median:$569,000Range:$325,000 – $1,500,000PSF:$284 / $269Sq Ft:2,582 / 2,214DOM:31 / 18New:2Total:19
5 Beds
Avg:$742,000Median:$699,000Range:$485,000 – $899,000PSF:$251 / $243Sq Ft:2,966 / 2,790DOM:20 / 4New:3Total:6
6 Beds
Avg:$899,000Median:$899,000Range:$899,000 – $899,000PSF:$275 / $275Sq Ft:3,268 / 3,268DOM:59 / 59New:0Total:1
7 Beds
Avg:$2,495,000Median:$1,695,000Range:$1,695,000 – $3,295,000PSF:$360 / $267Sq Ft:6,814 / 6,356DOM:27 / 22New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $281,714 | $257,500 | $186,000 – $545,000 | $357 / $359 | 788 / 731 | 50 / 45 | 0 | 7 |
| 2 Beds | $378,686 | $360,000 | $174,000 – $639,950 | $326 / $319 | 1,187 / 1,170 | 48 / 32 | 2 | 28 |
| 3 Beds | $569,051 | $549,950 | $200,000 – $1,185,000 | $317 / $304 | 1,758 / 1,602 | 49 / 23 | 5 | 55 |
| 4 Beds | $769,449 | $569,000 | $325,000 – $1,500,000 | $284 / $269 | 2,582 / 2,214 | 31 / 18 | 2 | 19 |
| 5 Beds | $742,000 | $699,000 | $485,000 – $899,000 | $251 / $243 | 2,966 / 2,790 | 20 / 4 | 3 | 6 |
| 6 Beds | $899,000 | $899,000 | $899,000 – $899,000 | $275 / $275 | 3,268 / 3,268 | 59 / 59 | 0 | 1 |
| 7 Beds | $2,495,000 | $1,695,000 | $1,695,000 – $3,295,000 | $360 / $267 | 6,814 / 6,356 | 27 / 22 | 0 | 2 |
Rental Market Overview
Median Rent
$1,750
0.0%
Median DOM
1
0.0%
New Listings
241
Inventory
580
+3.8%
- Average Rent: $2,014
- Median Rent: $1,750
- Rent Range: $875 – $4,985
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,162 / 1,000
- Square Footage Range: 352 – 5,100
- Days on Market (Avg/Median): 22 / 1
- Days on Market Range: 1 – 357
- New Listings: 241
- Total Listings: 580
Rentals by Property Type
Apartment
$1,500
Median DOM: 11
Inventory: 243
MoM: 0.0%
Condo
$1,695
Median DOM: 1
Inventory: 145
MoM: 0.0%
Single Family
$2,650
Median DOM: 1
Inventory: 159
MoM: 0.0%
Townhouse
$2,700
Median DOM: 17
Inventory: 21
MoM: 0.0%
Apartment
Avg/Median Rent$1,696 / $1,500Range$875 – $4,200Rent per Sq Ft$2 / $2Sq Ft938 / 785DOM35 / 11New63Total243
Condo
Avg/Median Rent$1,752 / $1,695Range$1,095 – $3,700Rent per Sq Ft$2 / $2Sq Ft953 / 800DOM5 / 1New103Total145
Multi-Family
Avg/Median Rent$2,365 / $2,800Range$1,150 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,424 / 1,400DOM49 / 52New0Total12
Single Family
Avg/Median Rent$2,631 / $2,650Range$980 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,512 / 1,450DOM14 / 1New72Total159
Townhouse
Avg/Median Rent$2,644 / $2,700Range$900 – $4,985Rent per Sq Ft$2 / $2Sq Ft1,673 / 1,572DOM57 / 17New3Total21
Rentals by Bedroom Count
Studio
Avg:$1,265Median:$1,299Range:$875 – $1,795PSF:$2 / $3Sq Ft:549 / 470DOM:19 / 1New:12Total:25
1 Beds
Avg:$1,386Median:$1,350Range:$900 – $2,500PSF:$2 / $2Sq Ft:685 / 670DOM:29 / 1New:70Total:165
2 Beds
Avg:$1,742Median:$1,695Range:$950 – $3,350PSF:$2 / $2Sq Ft:1,015 / 895DOM:27 / 2New:67Total:178
3 Beds
Avg:$2,481Median:$2,400Range:$1,150 – $4,985PSF:$2 / $2Sq Ft:1,434 / 1,313DOM:17 / 1New:52Total:120
4 Beds
Avg:$3,009Median:$3,000Range:$1,545 – $3,800PSF:$2 / $2Sq Ft:1,724 / 1,657DOM:12 / 1New:25Total:60
5 Beds
Avg:$3,701Median:$3,800Range:$2,995 – $4,200PSF:$2 / $2Sq Ft:2,110 / 2,110DOM:3 / 1New:13Total:30
6 Beds
Avg:$4,250Median:$4,000Range:$4,000 – $4,500PSF:$2 / $2Sq Ft:2,082 / 1,981DOM:1 / 1New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,265 | $1,299 | $875 – $1,795 | $2 / $3 | 549 / 470 | 19 / 1 | 12 | 25 |
| 1 Beds | $1,386 | $1,350 | $900 – $2,500 | $2 / $2 | 685 / 670 | 29 / 1 | 70 | 165 |
| 2 Beds | $1,742 | $1,695 | $950 – $3,350 | $2 / $2 | 1,015 / 895 | 27 / 2 | 67 | 178 |
| 3 Beds | $2,481 | $2,400 | $1,150 – $4,985 | $2 / $2 | 1,434 / 1,313 | 17 / 1 | 52 | 120 |
| 4 Beds | $3,009 | $3,000 | $1,545 – $3,800 | $2 / $2 | 1,724 / 1,657 | 12 / 1 | 25 | 60 |
| 5 Beds | $3,701 | $3,800 | $2,995 – $4,200 | $2 / $2 | 2,110 / 2,110 | 3 / 1 | 13 | 30 |
| 6 Beds | $4,250 | $4,000 | $4,000 – $4,500 | $2 / $2 | 2,082 / 1,981 | 1 / 1 | 2 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$440,000Median DOM:53New:16Total:109
Jan 2026
Median Price:$425,000Median DOM:45New:40Total:112
Feb 2026
Median Price:$449,995Median DOM:35New:24Total:111
Mar 2026
Median Price:$484,950Median DOM:26New:34Total:111
Apr 2026
Median Price:$475,000Median DOM:23New:43Total:128
May 2026
Median Price:$467,550Median DOM:23New:12Total:121
6-Month Rental Trend
Dec 2025
Median Rent:$1,600Median DOM:13New:84Total:228
Jan 2026
Median Rent:$1,604Median DOM:9New:93Total:210
Feb 2026
Median Rent:$1,675Median DOM:5New:123Total:255
Mar 2026
Median Rent:$1,695Median DOM:1New:256Total:395
Apr 2026
Median Rent:$1,750Median DOM:1New:333Total:559
May 2026
Median Rent:$1,750Median DOM:1New:241Total:580
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, while total rental inventory increased.
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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro