ZIP 23221 Housing Market Report
Richmond Metro
Report period: July 2026
23221 Monthly Market Update – July 2026
ZIP 23221 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$699,950
+0.1%
Median DOM (Sales)
11
+10.0%
New Listings (Sales)
4
−85.7%
Median Rent
$1,600
0.0%
Median DOM (Rental)
16
−5.9%
Total Rental Listings
130
+0.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (7 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,700,000 median)
Sales Market Overview
Median Price
$699,950
+0.1%
Median DOM
11
+10.0%
New Listings
4
−85.7%
Inventory
70
−5.4%
- Average Price: $848,674
- Median Price: $699,950
- Price Range: $199,000 – $3,195,000
- Price per Sq Ft (Avg/Median): $389 / $392
- Square Footage (Avg/Median): 2,167 / 1,994
- Square Footage Range: 480 – 6,289
- Days on Market (Avg/Median): 22 / 11
- Days on Market Range: 2 – 235
- New Listings: 4
- Total Listings: 70
Sales by Property Type
Condo
Avg/Median Price$307,539 / $299,000Range$199,000 – $399,000Price per Sq Ft$409 / $413Sq Ft756 / 750DOM12 / 7New1Total9
Multi-Family
Avg/Median Price$935,000 / $935,000Range$935,000 – $935,000Price per Sq Ft$392 / $392Sq Ft2,384 / 2,384DOM14 / 14New0Total1
Single Family
Avg/Median Price$987,405 / $840,000Range$377,000 – $3,195,000Price per Sq Ft$395 / $393Sq Ft2,458 / 2,043DOM23 / 11New2Total48
Townhouse
Avg/Median Price$692,408 / $659,000Range$499,000 – $969,000Price per Sq Ft$349 / $353Sq Ft2,046 / 1,914DOM23 / 19New1Total12
Sales by Bedroom Count
1 Beds
Avg:$260,988Median:$250,000Range:$199,000 – $299,000PSF:$426 / $415Sq Ft:611 / 655DOM:12 / 8New:0Total:4
2 Beds
Avg:$427,821Median:$395,000Range:$282,500 – $699,000PSF:$405 / $410Sq Ft:1,054 / 933DOM:14 / 7New:2Total:12
3 Beds
Avg:$759,617Median:$699,950Range:$448,950 – $1,595,000PSF:$376 / $384Sq Ft:2,049 / 1,958DOM:20 / 14New:1Total:30
4 Beds
Avg:$1,077,205Median:$915,000Range:$445,000 – $2,800,000PSF:$382 / $383Sq Ft:2,769 / 2,574DOM:16 / 10New:1Total:19
5 Beds
Avg:$1,994,800Median:$1,700,000Range:$934,000 – $3,195,000PSF:$425 / $393Sq Ft:4,503 / 4,321DOM:77 / 32New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $260,988 | $250,000 | $199,000 – $299,000 | $426 / $415 | 611 / 655 | 12 / 8 | 0 | 4 |
| 2 Beds | $427,821 | $395,000 | $282,500 – $699,000 | $405 / $410 | 1,054 / 933 | 14 / 7 | 2 | 12 |
| 3 Beds | $759,617 | $699,950 | $448,950 – $1,595,000 | $376 / $384 | 2,049 / 1,958 | 20 / 14 | 1 | 30 |
| 4 Beds | $1,077,205 | $915,000 | $445,000 – $2,800,000 | $382 / $383 | 2,769 / 2,574 | 16 / 10 | 1 | 19 |
| 5 Beds | $1,994,800 | $1,700,000 | $934,000 – $3,195,000 | $425 / $393 | 4,503 / 4,321 | 77 / 32 | 0 | 5 |
Rental Market Overview
Median Rent
$1,600
0.0%
Median DOM
16
−5.9%
New Listings
22
Inventory
130
+0.8%
- Average Rent: $1,793
- Median Rent: $1,600
- Rent Range: $1,095 – $4,250
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,054 / 860
- Square Footage Range: 479 – 3,202
- Days on Market (Avg/Median): 49 / 16
- Days on Market Range: 1 – 295
- New Listings: 22
- Total Listings: 130
Rentals by Property Type
Apartment
$1,570
Median DOM: 33
Inventory: 94
MoM: 0.0%
Condo
$1,495
Median DOM: 1
Inventory: 16
MoM: 0.0%
Single Family
$2,600
Median DOM: 1
Inventory: 19
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,644 / $1,570Range$1,095 – $2,895Rent per Sq Ft$2 / $2Sq Ft897 / 850DOM66 / 33New8Total94
Condo
Avg/Median Rent$1,677 / $1,495Range$1,195 – $3,200Rent per Sq Ft$2 / $2Sq Ft952 / 900DOM17 / 1New3Total16
Multi-Family
Avg/Median Rent$1,175 / $1,175Range$1,175 – $1,175Rent per Sq Ft$1 / $1Sq Ft1,566 / 1,566DOM13 / 13New0Total1
Single Family
Avg/Median Rent$2,659 / $2,600Range$1,300 – $4,250Rent per Sq Ft$2 / $2Sq Ft1,615 / 1,409DOM3 / 1New11Total19
Rentals by Bedroom Count
Studio
Avg:$1,725Median:$1,725Range:$1,725 – $1,725PSF:$3 / $3Sq Ft:564 / 564DOM:—New:0Total:1
1 Beds
Avg:$1,399Median:$1,395Range:$1,095 – $1,895PSF:$2 / $2Sq Ft:728 / 730DOM:67 / 35New:3Total:42
2 Beds
Avg:$1,725Median:$1,700Range:$1,175 – $2,800PSF:$2 / $2Sq Ft:932 / 900DOM:48 / 13New:14Total:69
3 Beds
Avg:$3,019Median:$2,950Range:$2,200 – $4,250PSF:$2 / $2Sq Ft:1,953 / 1,900DOM:23 / 10New:5Total:15
4 Beds
Avg:$2,750Median:$2,950Range:$2,100 – $3,200PSF:$2 / $2Sq Ft:1,998 / 1,409DOM:3 / 1New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,725 | $1,725 | $1,725 – $1,725 | $3 / $3 | 564 / 564 | — | 0 | 1 |
| 1 Beds | $1,399 | $1,395 | $1,095 – $1,895 | $2 / $2 | 728 / 730 | 67 / 35 | 3 | 42 |
| 2 Beds | $1,725 | $1,700 | $1,175 – $2,800 | $2 / $2 | 932 / 900 | 48 / 13 | 14 | 69 |
| 3 Beds | $3,019 | $2,950 | $2,200 – $4,250 | $2 / $2 | 1,953 / 1,900 | 23 / 10 | 5 | 15 |
| 4 Beds | $2,750 | $2,950 | $2,100 – $3,200 | $2 / $2 | 1,998 / 1,409 | 3 / 1 | 0 | 3 |
6-Month Sales Trend
Feb 2026
Median Price:$625,000Median DOM:12New:18Total:47
Mar 2026
Median Price:$599,950Median DOM:8New:20Total:55
Apr 2026
Median Price:$599,000Median DOM:6New:28Total:65
May 2026
Median Price:$695,000Median DOM:8New:26Total:73
Jun 2026
Median Price:$699,000Median DOM:10New:28Total:74
Jul 2026
Median Price:$699,950Median DOM:11New:4Total:70
6-Month Rental Trend
Feb 2026
Median Rent:$1,535Median DOM:26New:30Total:88
Mar 2026
Median Rent:$1,650Median DOM:26New:41Total:105
Apr 2026
Median Rent:$1,695Median DOM:16New:40Total:127
May 2026
Median Rent:$1,650Median DOM:18New:39Total:124
Jun 2026
Median Rent:$1,600Median DOM:17New:39Total:129
Jul 2026
Median Rent:$1,600Median DOM:16New:22Total:130
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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.
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