ZIP 23222 Housing Market Report
Richmond Metro
Report period: August 2026
23222 Monthly Market Update – August 2026
ZIP 23222 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$325,000
0.0%
Median DOM (Sales)
32
−5.9%
New Listings (Sales)
12
−67.6%
Median Rent
$1,450
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
125
+2.5%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (32 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 4 Beds ($364,950 median)
Sales Market Overview
Median Price
$325,000
0.0%
Median DOM
32
−5.9%
New Listings
12
−67.6%
Inventory
140
−1.4%
- Average Price: $337,033
- Median Price: $325,000
- Price Range: $49,000 – $1,199,000
- Price per Sq Ft (Avg/Median): $224 / $224
- Square Footage (Avg/Median): 1,620 / 1,528
- Square Footage Range: 576 – 4,228
- Days on Market (Avg/Median): 54 / 32
- Days on Market Range: 1 – 341
- New Listings: 12
- Total Listings: 140
Sales by Property Type
Land
Avg/Median Price$124,778 / $80,000Range$49,000 – $399,000Price per Sq Ft—Sq Ft—DOM86 / 62New2Total9
Single Family
Avg/Median Price$351,943 / $329,950Range$65,000 – $1,199,000Price per Sq Ft$224 / $224Sq Ft1,624 / 1,527DOM50 / 32New10Total127
Townhouse
Avg/Median Price$341,222 / $325,000Range$299,990 – $399,950Price per Sq Ft$226 / $221Sq Ft1,516 / 1,528DOM145 / 81New0Total4
Sales by Bedroom Count
1 Beds
Avg:$247,500Median:$200,000Range:$200,000 – $295,000PSF:$332 / $316Sq Ft:754 / 576DOM:20 / 7New:0Total:2
2 Beds
Avg:$219,061Median:$199,999Range:$150,000 – $290,000PSF:$240 / $218Sq Ft:936 / 874DOM:47 / 31New:0Total:14
3 Beds
Avg:$347,506Median:$335,000Range:$158,000 – $597,500PSF:$231 / $232Sq Ft:1,527 / 1,464DOM:61 / 40New:6Total:74
4 Beds
Avg:$377,984Median:$364,950Range:$65,000 – $850,000PSF:$202 / $210Sq Ft:1,893 / 1,776DOM:48 / 32New:2Total:34
5 Beds
Avg:$561,850Median:$345,000Range:$299,950 – $1,199,000PSF:$188 / $183Sq Ft:2,899 / 2,900DOM:21 / 11New:2Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $247,500 | $200,000 | $200,000 – $295,000 | $332 / $316 | 754 / 576 | 20 / 7 | 0 | 2 |
| 2 Beds | $219,061 | $199,999 | $150,000 – $290,000 | $240 / $218 | 936 / 874 | 47 / 31 | 0 | 14 |
| 3 Beds | $347,506 | $335,000 | $158,000 – $597,500 | $231 / $232 | 1,527 / 1,464 | 61 / 40 | 6 | 74 |
| 4 Beds | $377,984 | $364,950 | $65,000 – $850,000 | $202 / $210 | 1,893 / 1,776 | 48 / 32 | 2 | 34 |
| 5 Beds | $561,850 | $345,000 | $299,950 – $1,199,000 | $188 / $183 | 2,899 / 2,900 | 21 / 11 | 2 | 7 |
Rental Market Overview
Median Rent
$1,450
0.0%
Median DOM
1
0.0%
New Listings
39
Inventory
125
+2.5%
- Average Rent: $1,612
- Median Rent: $1,450
- Rent Range: $750 – $3,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,078 / 904
- Square Footage Range: 500 – 3,960
- Days on Market (Avg/Median): 28 / 1
- Days on Market Range: 1 – 346
- New Listings: 39
- Total Listings: 125
Rentals by Property Type
Apartment
$1,295
Median DOM: 1
Inventory: 49
MoM: 0.0%
Condo
$1,395
Median DOM: 1
Inventory: 18
MoM: 0.0%
Single Family
$1,800
Median DOM: 7
Inventory: 52
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,352 / $1,295Range$875 – $2,250Rent per Sq Ft$2 / $2Sq Ft796 / 725DOM18 / 1New16Total49
Condo
Avg/Median Rent$1,367 / $1,395Range$850 – $2,400Rent per Sq Ft$1 / $1Sq Ft950 / 948DOM25 / 1New8Total18
Multi-Family
Avg/Median Rent$1,395 / $1,225Range$1,100 – $1,875Rent per Sq Ft$1 / $1Sq Ft957 / 820DOM65 / 94New0Total6
Single Family
Avg/Median Rent$1,968 / $1,800Range$750 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,382 / 1,344DOM34 / 7New15Total52
Rentals by Bedroom Count
1 Beds
Avg:$1,073Median:$995Range:$875 – $1,400PSF:$2 / $2Sq Ft:710 / 600DOM:22 / 1New:3Total:9
2 Beds
Avg:$1,406Median:$1,349Range:$750 – $3,000PSF:$2 / $2Sq Ft:819 / 750DOM:20 / 1New:25Total:69
3 Beds
Avg:$1,924Median:$1,795Range:$1,295 – $2,700PSF:$2 / $2Sq Ft:1,289 / 1,200DOM:48 / 7New:6Total:34
4 Beds
Avg:$2,229Median:$2,195Range:$850 – $2,950PSF:$1 / $1Sq Ft:1,952 / 1,584DOM:20 / 1New:5Total:12
5 Beds
Avg:$2,750Median:$2,750Range:$2,750 – $2,750PSF:$1 / $1Sq Ft:2,400 / 2,400DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,073 | $995 | $875 – $1,400 | $2 / $2 | 710 / 600 | 22 / 1 | 3 | 9 |
| 2 Beds | $1,406 | $1,349 | $750 – $3,000 | $2 / $2 | 819 / 750 | 20 / 1 | 25 | 69 |
| 3 Beds | $1,924 | $1,795 | $1,295 – $2,700 | $2 / $2 | 1,289 / 1,200 | 48 / 7 | 6 | 34 |
| 4 Beds | $2,229 | $2,195 | $850 – $2,950 | $1 / $1 | 1,952 / 1,584 | 20 / 1 | 5 | 12 |
| 5 Beds | $2,750 | $2,750 | $2,750 – $2,750 | $1 / $1 | 2,400 / 2,400 | — | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$345,000Median DOM:30New:42Total:134
Apr 2026
Median Price:$345,000Median DOM:17New:40Total:129
May 2026
Median Price:$349,900Median DOM:17New:59Total:155
Jun 2026
Median Price:$329,900Median DOM:22New:38Total:150
Jul 2026
Median Price:$325,000Median DOM:34New:37Total:142
Aug 2026
Median Price:$325,000Median DOM:32New:12Total:140
6-Month Rental Trend
Mar 2026
Median Rent:$1,400Median DOM:1New:58Total:121
Apr 2026
Median Rent:$1,450Median DOM:1New:66Total:127
May 2026
Median Rent:$1,400Median DOM:1New:61Total:110
Jun 2026
Median Rent:$1,469Median DOM:1New:61Total:110
Jul 2026
Median Rent:$1,450Median DOM:1New:69Total:122
Aug 2026
Median Rent:$1,450Median DOM:1New:39Total:125
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving 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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