ZIP 23220 Housing Market Report
Richmond Metro
Report period: July 2026
23220 Monthly Market Update – July 2026
ZIP 23220 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$515,000
−1.0%
Median DOM (Sales)
21
+23.5%
New Listings (Sales)
7
−84.8%
Median Rent
$1,600
−4.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
581
−1.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (14 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($3,295,000 median)
Sales Market Overview
Median Price
$515,000
−1.0%
Median DOM
21
+23.5%
New Listings
7
−84.8%
Inventory
141
−5.4%
- Average Price: $594,889
- Median Price: $515,000
- Price Range: $149,000 – $3,295,000
- Price per Sq Ft (Avg/Median): $321 / $313
- Square Footage (Avg/Median): 1,890 / 1,661
- Square Footage Range: 491 – 7,272
- Days on Market (Avg/Median): 43 / 21
- Days on Market Range: 1 – 253
- New Listings: 7
- Total Listings: 141
Sales by Property Type
Condo
Avg/Median Price$392,351 / $359,000Range$183,500 – $799,900Price per Sq Ft$321 / $313Sq Ft1,307 / 1,170DOM47 / 24New3Total47
Land
Avg/Median Price$308,500 / $175,000Range$149,000 – $650,000Price per Sq Ft—Sq Ft—DOM69 / 24New0Total4
Multi-Family
Avg/Median Price$581,500 / $545,000Range$545,000 – $618,000Price per Sq Ft$425 / $407Sq Ft1,374 / 1,230DOM113 / 55New0Total2
Single Family
Avg/Median Price$743,100 / $624,400Range$245,000 – $3,295,000Price per Sq Ft$321 / $293Sq Ft2,229 / 1,824DOM28 / 14New1Total47
Townhouse
Avg/Median Price$685,758 / $649,900Range$280,000 – $1,625,000Price per Sq Ft$315 / $313Sq Ft2,195 / 2,080DOM50 / 18New3Total41
Sales by Bedroom Count
1 Beds
Avg:$253,765Median:$220,000Range:$183,500 – $545,000PSF:$359 / $352Sq Ft:709 / 555DOM:61 / 43New:1Total:10
2 Beds
Avg:$402,275Median:$360,000Range:$245,000 – $675,000PSF:$331 / $333Sq Ft:1,245 / 1,170DOM:47 / 18New:3Total:39
3 Beds
Avg:$611,760Median:$559,000Range:$280,000 – $1,525,000PSF:$318 / $308Sq Ft:1,924 / 1,855DOM:42 / 21New:2Total:52
4 Beds
Avg:$765,180Median:$699,950Range:$325,000 – $1,450,000PSF:$297 / $284Sq Ft:2,542 / 2,518DOM:28 / 14New:1Total:28
5 Beds
Avg:$1,164,725Median:$714,950Range:$624,400 – $2,450,000PSF:$304 / $255Sq Ft:3,587 / 3,326DOM:32 / 23New:0Total:6
6 Beds
Avg:$899,000Median:$899,000Range:$899,000 – $899,000PSF:$275 / $275Sq Ft:3,268 / 3,268DOM:120 / 120New:0Total:1
7 Beds
Avg:$3,295,000Median:$3,295,000Range:$3,295,000 – $3,295,000PSF:$453 / $453Sq Ft:7,272 / 7,272DOM:92 / 92New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $253,765 | $220,000 | $183,500 – $545,000 | $359 / $352 | 709 / 555 | 61 / 43 | 1 | 10 |
| 2 Beds | $402,275 | $360,000 | $245,000 – $675,000 | $331 / $333 | 1,245 / 1,170 | 47 / 18 | 3 | 39 |
| 3 Beds | $611,760 | $559,000 | $280,000 – $1,525,000 | $318 / $308 | 1,924 / 1,855 | 42 / 21 | 2 | 52 |
| 4 Beds | $765,180 | $699,950 | $325,000 – $1,450,000 | $297 / $284 | 2,542 / 2,518 | 28 / 14 | 1 | 28 |
| 5 Beds | $1,164,725 | $714,950 | $624,400 – $2,450,000 | $304 / $255 | 3,587 / 3,326 | 32 / 23 | 0 | 6 |
| 6 Beds | $899,000 | $899,000 | $899,000 – $899,000 | $275 / $275 | 3,268 / 3,268 | 120 / 120 | 0 | 1 |
| 7 Beds | $3,295,000 | $3,295,000 | $3,295,000 – $3,295,000 | $453 / $453 | 7,272 / 7,272 | 92 / 92 | 0 | 1 |
Rental Market Overview
Median Rent
$1,600
−4.7%
Median DOM
1
0.0%
New Listings
189
Inventory
581
−1.0%
- Average Rent: $1,819
- Median Rent: $1,600
- Rent Range: $725 – $4,979
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,046 / 894
- Square Footage Range: 250 – 3,575
- Days on Market (Avg/Median): 25 / 1
- Days on Market Range: 1 – 361
- New Listings: 189
- Total Listings: 581
Rentals by Property Type
Apartment
$1,495
Median DOM: 15
Inventory: 273
MoM: −4.7%
Condo
$1,595
Median DOM: 1
Inventory: 164
MoM: −4.7%
Single Family
$2,500
Median DOM: 1
Inventory: 120
MoM: −4.7%
Townhouse
$1,795
Median DOM: 20
Inventory: 16
MoM: −4.7%
Apartment
Avg/Median Rent$1,626 / $1,495Range$825 – $4,000Rent per Sq Ft$2 / $2Sq Ft894 / 785DOM36 / 15New62Total273
Condo
Avg/Median Rent$1,574 / $1,595Range$995 – $3,700Rent per Sq Ft$2 / $2Sq Ft856 / 800DOM8 / 1New78Total164
Multi-Family
Avg/Median Rent$2,742 / $2,900Range$1,795 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,682 / 1,475DOM72 / 77New0Total8
Single Family
Avg/Median Rent$2,478 / $2,500Range$800 – $4,200Rent per Sq Ft$2 / $2Sq Ft1,476 / 1,444DOM15 / 1New48Total120
Townhouse
Avg/Median Rent$2,202 / $1,795Range$725 – $4,979Rent per Sq Ft$2 / $2Sq Ft1,335 / 1,250DOM72 / 20New1Total16
Rentals by Bedroom Count
Studio
Avg:$1,187Median:$1,195Range:$900 – $1,700PSF:$3 / $3Sq Ft:428 / 434DOM:29 / 1New:9Total:35
1 Beds
Avg:$1,367Median:$1,325Range:$825 – $2,500PSF:$2 / $2Sq Ft:665 / 650DOM:26 / 1New:49Total:171
2 Beds
Avg:$1,646Median:$1,595Range:$800 – $2,800PSF:$2 / $2Sq Ft:936 / 850DOM:22 / 1New:78Total:212
3 Beds
Avg:$2,387Median:$2,350Range:$950 – $4,979PSF:$2 / $2Sq Ft:1,428 / 1,300DOM:35 / 10New:28Total:104
4 Beds
Avg:$2,935Median:$2,950Range:$725 – $3,600PSF:$2 / $2Sq Ft:1,802 / 1,704DOM:14 / 1New:20Total:42
5 Beds
Avg:$3,557Median:$3,500Range:$2,995 – $4,200PSF:$2 / $2Sq Ft:2,083 / 1,926DOM:6 / 1New:5Total:16
6 Beds
Avg:$4,000Median:$4,000Range:$4,000 – $4,000PSF:$2 / $2Sq Ft:1,981 / 1,981DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,187 | $1,195 | $900 – $1,700 | $3 / $3 | 428 / 434 | 29 / 1 | 9 | 35 |
| 1 Beds | $1,367 | $1,325 | $825 – $2,500 | $2 / $2 | 665 / 650 | 26 / 1 | 49 | 171 |
| 2 Beds | $1,646 | $1,595 | $800 – $2,800 | $2 / $2 | 936 / 850 | 22 / 1 | 78 | 212 |
| 3 Beds | $2,387 | $2,350 | $950 – $4,979 | $2 / $2 | 1,428 / 1,300 | 35 / 10 | 28 | 104 |
| 4 Beds | $2,935 | $2,950 | $725 – $3,600 | $2 / $2 | 1,802 / 1,704 | 14 / 1 | 20 | 42 |
| 5 Beds | $3,557 | $3,500 | $2,995 – $4,200 | $2 / $2 | 2,083 / 1,926 | 6 / 1 | 5 | 16 |
| 6 Beds | $4,000 | $4,000 | $4,000 – $4,000 | $2 / $2 | 1,981 / 1,981 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
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:$475,000Median DOM:19New:52Total:146
Jun 2026
Median Price:$520,000Median DOM:17New:46Total:149
Jul 2026
Median Price:$515,000Median DOM:21New:7Total:141
6-Month Rental Trend
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:$1,695Median DOM:1New:313Total:570
Jun 2026
Median Rent:$1,679Median DOM:1New:313Total:587
Jul 2026
Median Rent:$1,600Median DOM:1New:189Total:581
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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