ZIP 23222 Housing Market Report
Richmond Metro
Report period: May 2026
23222 Monthly Market Update – May 2026
ZIP 23222 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$344,500
−0.1%
Median DOM (Sales)
17
0.0%
New Listings (Sales)
14
−65.0%
Median Rent
$1,449
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
122
−3.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($600,000 median)
Sales Market Overview
Median Price
$344,500
−0.1%
Median DOM
17
0.0%
New Listings
14
−65.0%
Inventory
134
+3.9%
- Average Price: $345,870
- Median Price: $344,500
- Price Range: $39,950 – $725,000
- Price per Sq Ft (Avg/Median): $222 / $230
- Square Footage (Avg/Median): 1,672 / 1,600
- Square Footage Range: 576 – 3,114
- Days on Market (Avg/Median): 44 / 17
- Days on Market Range: 1 – 345
- New Listings: 14
- Total Listings: 134
Sales by Property Type
Land
Avg/Median Price$145,985 / $74,400Range$39,950 – $399,000Price per Sq Ft—Sq Ft—DOM59 / 75New0Total10
Single Family
Avg/Median Price$362,039 / $349,900Range$75,000 – $725,000Price per Sq Ft$222 / $230Sq Ft1,675 / 1,600DOM42 / 13New13Total119
Townhouse
Avg/Median Price$360,828 / $369,799Range$299,990 – $414,500Price per Sq Ft$226 / $228Sq Ft1,606 / 1,749DOM80 / 52New1Total5
Sales by Bedroom Count
1 Beds
Avg:$175,000Median:$175,000Range:$175,000 – $175,000PSF:$304 / $304Sq Ft:576 / 576DOM:186 / 186New:0Total:1
2 Beds
Avg:$199,473Median:$189,000Range:$75,000 – $295,500PSF:$208 / $221Sq Ft:976 / 962DOM:42 / 7New:1Total:13
3 Beds
Avg:$365,197Median:$350,000Range:$174,700 – $599,950PSF:$231 / $234Sq Ft:1,620 / 1,592DOM:48 / 16New:9Total:77
4 Beds
Avg:$415,615Median:$415,000Range:$185,000 – $725,000PSF:$206 / $215Sq Ft:2,058 / 1,944DOM:31 / 16New:3Total:30
5 Beds
Avg:$464,975Median:$324,950Range:$324,950 – $605,000PSF:$179 / $123Sq Ft:2,605 / 2,564DOM:4 / 3New:1Total:2
6 Beds
Avg:$600,000Median:$600,000Range:$600,000 – $600,000PSF:$255 / $255Sq Ft:2,349 / 2,349DOM:67 / 67New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $175,000 | $175,000 | $175,000 – $175,000 | $304 / $304 | 576 / 576 | 186 / 186 | 0 | 1 |
| 2 Beds | $199,473 | $189,000 | $75,000 – $295,500 | $208 / $221 | 976 / 962 | 42 / 7 | 1 | 13 |
| 3 Beds | $365,197 | $350,000 | $174,700 – $599,950 | $231 / $234 | 1,620 / 1,592 | 48 / 16 | 9 | 77 |
| 4 Beds | $415,615 | $415,000 | $185,000 – $725,000 | $206 / $215 | 2,058 / 1,944 | 31 / 16 | 3 | 30 |
| 5 Beds | $464,975 | $324,950 | $324,950 – $605,000 | $179 / $123 | 2,605 / 2,564 | 4 / 3 | 1 | 2 |
| 6 Beds | $600,000 | $600,000 | $600,000 – $600,000 | $255 / $255 | 2,349 / 2,349 | 67 / 67 | 0 | 1 |
Rental Market Overview
Median Rent
$1,449
−0.1%
Median DOM
1
0.0%
New Listings
47
Inventory
122
−3.9%
- Average Rent: $1,576
- Median Rent: $1,449
- Rent Range: $865 – $2,995
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,078 / 972
- Square Footage Range: 600 – 2,595
- Days on Market (Avg/Median): 27 / 1
- Days on Market Range: 1 – 344
- New Listings: 47
- Total Listings: 122
Rentals by Property Type
Apartment
$1,295
Median DOM: 7
Inventory: 46
MoM: −0.1%
Condo
$1,399
Median DOM: 1
Inventory: 14
MoM: −0.1%
Single Family
$1,795
Median DOM: 1
Inventory: 57
MoM: −0.1%
Townhouse
$1,300
Median DOM: 13
Inventory: 1
MoM: −0.1%
Apartment
Avg/Median Rent$1,294 / $1,295Range$865 – $1,750Rent per Sq Ft$2 / $2Sq Ft857 / 825DOM37 / 7New21Total46
Condo
Avg/Median Rent$1,371 / $1,399Range$895 – $2,100Rent per Sq Ft$1 / $1Sq Ft1,099 / 1,100DOM25 / 1New5Total14
Multi-Family
Avg/Median Rent$1,444 / $1,225Range$1,225 – $1,875Rent per Sq Ft$1 / $1Sq Ft1,010 / 820DOM3 / 3New3Total4
Single Family
Avg/Median Rent$1,868 / $1,795Range$995 – $2,995Rent per Sq Ft$2 / $2Sq Ft1,267 / 1,200DOM20 / 1New18Total57
Townhouse
Avg/Median Rent$1,300 / $1,300Range$1,300 – $1,300Rent per Sq Ft$2 / $2Sq Ft800 / 800DOM13 / 13New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$956Median:$995Range:$865 – $1,000PSF:$1 / $1Sq Ft:802 / 880DOM:35 / 11New:1Total:8
2 Beds
Avg:$1,382Median:$1,295Range:$1,095 – $2,850PSF:$2 / $2Sq Ft:872 / 825DOM:23 / 1New:26Total:58
3 Beds
Avg:$1,755Median:$1,695Range:$1,250 – $2,650PSF:$2 / $1Sq Ft:1,193 / 1,171DOM:30 / 1New:16Total:43
4 Beds
Avg:$2,114Median:$2,100Range:$1,637 – $2,700PSF:$1 / $1Sq Ft:1,528 / 1,486DOM:27 / 1New:4Total:11
5 Beds
Avg:$2,898Median:$2,800Range:$2,800 – $2,995PSF:$1 / $1Sq Ft:2,498 / 2,400DOM:1 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $956 | $995 | $865 – $1,000 | $1 / $1 | 802 / 880 | 35 / 11 | 1 | 8 |
| 2 Beds | $1,382 | $1,295 | $1,095 – $2,850 | $2 / $2 | 872 / 825 | 23 / 1 | 26 | 58 |
| 3 Beds | $1,755 | $1,695 | $1,250 – $2,650 | $2 / $1 | 1,193 / 1,171 | 30 / 1 | 16 | 43 |
| 4 Beds | $2,114 | $2,100 | $1,637 – $2,700 | $1 / $1 | 1,528 / 1,486 | 27 / 1 | 4 | 11 |
| 5 Beds | $2,898 | $2,800 | $2,800 – $2,995 | $1 / $1 | 2,498 / 2,400 | 1 / 1 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$345,000Median DOM:47New:21Total:138
Jan 2026
Median Price:$345,000Median DOM:34New:40Total:125
Feb 2026
Median Price:$349,900Median DOM:37New:34Total:132
Mar 2026
Median Price:$345,000Median DOM:30New:42Total:134
Apr 2026
Median Price:$345,000Median DOM:17New:40Total:129
May 2026
Median Price:$344,500Median DOM:17New:14Total:134
6-Month Rental Trend
Dec 2025
Median Rent:$1,350Median DOM:1New:89Total:143
Jan 2026
Median Rent:$1,395Median DOM:1New:75Total:135
Feb 2026
Median Rent:$1,400Median DOM:1New:69Total:120
Mar 2026
Median Rent:$1,400Median DOM:1New:58Total:121
Apr 2026
Median Rent:$1,450Median DOM:1New:66Total:127
May 2026
Median Rent:$1,449Median DOM:1New:47Total:122
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady 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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