ZIP 23222 Housing Market Report
Richmond Metro
Report period: July 2026
23222 Monthly Market Update – July 2026
ZIP 23222 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$325,000
−1.5%
Median DOM (Sales)
24
+9.1%
New Listings (Sales)
13
−65.8%
Median Rent
$1,469
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
107
−2.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (23 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($449,950 median)
Sales Market Overview
Median Price
$325,000
−1.5%
Median DOM
24
+9.1%
New Listings
13
−65.8%
Inventory
149
−0.7%
- Average Price: $333,448
- Median Price: $325,000
- Price Range: $49,000 – $685,000
- Price per Sq Ft (Avg/Median): $224 / $227
- Square Footage (Avg/Median): 1,593 / 1,527
- Square Footage Range: 576 – 3,571
- Days on Market (Avg/Median): 46 / 24
- Days on Market Range: 2 – 311
- New Listings: 13
- Total Listings: 149
Sales by Property Type
Land
Avg/Median Price$140,062 / $120,000Range$49,000 – $399,000Price per Sq Ft—Sq Ft—DOM97 / 91New0Total8
Single Family
Avg/Median Price$344,492 / $337,500Range$65,000 – $685,000Price per Sq Ft$224 / $228Sq Ft1,596 / 1,522DOM43 / 23New13Total137
Townhouse
Avg/Median Price$341,978 / $325,000Range$303,011 – $399,950Price per Sq Ft$227 / $221Sq Ft1,516 / 1,528DOM108 / 34New0Total4
Sales by Bedroom Count
1 Beds
Avg:$200,000Median:$200,000Range:$200,000 – $200,000PSF:$347 / $347Sq Ft:576 / 576DOM:2 / 2New:1Total:1
2 Beds
Avg:$224,603Median:$229,500Range:$125,000 – $290,000PSF:$233 / $218Sq Ft:1,005 / 962DOM:34 / 20New:1Total:17
3 Beds
Avg:$354,460Median:$344,500Range:$158,000 – $599,000PSF:$234 / $236Sq Ft:1,547 / 1,484DOM:53 / 28New:7Total:85
4 Beds
Avg:$366,244Median:$374,000Range:$65,000 – $515,000PSF:$196 / $209Sq Ft:1,913 / 1,867DOM:35 / 21New:4Total:33
5 Beds
Avg:$465,980Median:$449,950Range:$324,950 – $685,000PSF:$192 / $207Sq Ft:2,466 / 2,304DOM:19 / 11New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $200,000 | $200,000 | $200,000 – $200,000 | $347 / $347 | 576 / 576 | 2 / 2 | 1 | 1 |
| 2 Beds | $224,603 | $229,500 | $125,000 – $290,000 | $233 / $218 | 1,005 / 962 | 34 / 20 | 1 | 17 |
| 3 Beds | $354,460 | $344,500 | $158,000 – $599,000 | $234 / $236 | 1,547 / 1,484 | 53 / 28 | 7 | 85 |
| 4 Beds | $366,244 | $374,000 | $65,000 – $515,000 | $196 / $209 | 1,913 / 1,867 | 35 / 21 | 4 | 33 |
| 5 Beds | $465,980 | $449,950 | $324,950 – $685,000 | $192 / $207 | 2,466 / 2,304 | 19 / 11 | 0 | 5 |
Rental Market Overview
Median Rent
$1,469
0.0%
Median DOM
1
0.0%
New Listings
39
Inventory
107
−2.7%
- Average Rent: $1,609
- Median Rent: $1,469
- Rent Range: $750 – $2,850
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,101 / 948
- Square Footage Range: 500 – 3,960
- Days on Market (Avg/Median): 25 / 1
- Days on Market Range: 1 – 316
- New Listings: 39
- Total Listings: 107
Rentals by Property Type
Apartment
$1,249
Median DOM: 1
Inventory: 36
MoM: 0.0%
Condo
$1,400
Median DOM: 1
Inventory: 14
MoM: 0.0%
Single Family
$1,871
Median DOM: 3
Inventory: 51
MoM: 0.0%
Townhouse
$1,300
Median DOM: 36
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$1,256 / $1,249Range$875 – $1,595Rent per Sq Ft$2 / $2Sq Ft796 / 750DOM21 / 1New23Total36
Condo
Avg/Median Rent$1,507 / $1,400Range$995 – $2,400Rent per Sq Ft$1 / $1Sq Ft1,050 / 1,100DOM29 / 1New3Total14
Multi-Family
Avg/Median Rent$1,375 / $1,225Range$1,100 – $1,875Rent per Sq Ft$1 / $1Sq Ft948 / 820DOM49 / 64New1Total5
Single Family
Avg/Median Rent$1,915 / $1,871Range$750 – $2,850Rent per Sq Ft$2 / $2Sq Ft1,338 / 1,264DOM25 / 3New12Total51
Townhouse
Avg/Median Rent$1,300 / $1,300Range$1,300 – $1,300Rent per Sq Ft$2 / $2Sq Ft800 / 800DOM36 / 36New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$993Median:$995Range:$875 – $1,100PSF:$1 / $1Sq Ft:743 / 600DOM:28 / 9New:2Total:6
2 Beds
Avg:$1,334Median:$1,295Range:$750 – $2,500PSF:$2 / $2Sq Ft:823 / 782DOM:21 / 1New:26Total:50
3 Beds
Avg:$1,891Median:$1,795Range:$1,250 – $2,700PSF:$2 / $2Sq Ft:1,270 / 1,249DOM:32 / 1New:7Total:42
4 Beds
Avg:$2,231Median:$2,175Range:$1,871 – $2,850PSF:$1 / $1Sq Ft:1,951 / 1,600DOM:16 / 1New:4Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $993 | $995 | $875 – $1,100 | $1 / $1 | 743 / 600 | 28 / 9 | 2 | 6 |
| 2 Beds | $1,334 | $1,295 | $750 – $2,500 | $2 / $2 | 823 / 782 | 21 / 1 | 26 | 50 |
| 3 Beds | $1,891 | $1,795 | $1,250 – $2,700 | $2 / $2 | 1,270 / 1,249 | 32 / 1 | 7 | 42 |
| 4 Beds | $2,231 | $2,175 | $1,871 – $2,850 | $1 / $1 | 1,951 / 1,600 | 16 / 1 | 4 | 9 |
6-Month Sales Trend
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:$349,900Median DOM:17New:59Total:155
Jun 2026
Median Price:$329,900Median DOM:22New:38Total:150
Jul 2026
Median Price:$325,000Median DOM:24New:13Total:149
6-Month Rental Trend
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:$1,400Median DOM:1New:61Total:110
Jun 2026
Median Rent:$1,469Median DOM:1New:61Total:110
Jul 2026
Median Rent:$1,469Median DOM:1New:39Total:107
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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