ZIP 23223 Housing Market Report
Richmond Metro
Report period: August 2026
23223 Monthly Market Update – August 2026
ZIP 23223 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$324,500
−1.7%
Median DOM (Sales)
33
+3.1%
New Listings (Sales)
19
−72.9%
Median Rent
$1,600
0.0%
Median DOM (Rental)
15
−11.8%
Total Rental Listings
215
+4.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (31 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$324,500
−1.7%
Median DOM
33
+3.1%
New Listings
19
−72.9%
Inventory
250
0.0%
- Average Price: $364,162
- Median Price: $324,500
- Price Range: $15,000 – $2,495,000
- Price per Sq Ft (Avg/Median): $233 / $233
- Square Footage (Avg/Median): 1,633 / 1,512
- Square Footage Range: 560 – 7,624
- Days on Market (Avg/Median): 47 / 33
- Days on Market Range: 2 – 294
- New Listings: 19
- Total Listings: 250
Sales by Property Type
Condo
Avg/Median Price$252,457 / $255,950Range$111,500 – $595,000Price per Sq Ft$248 / $199Sq Ft1,006 / 955DOM98 / 124New0Total15
Land
Avg/Median Price$99,765 / $60,000Range$15,000 – $299,950Price per Sq Ft—Sq Ft—DOM65 / 63New1Total14
Single Family
Avg/Median Price$366,625 / $325,000Range$139,000 – $2,495,000Price per Sq Ft$228 / $234Sq Ft1,632 / 1,532DOM42 / 32New13Total167
Townhouse
Avg/Median Price$456,120 / $359,000Range$149,950 – $949,950Price per Sq Ft$244 / $234Sq Ft1,810 / 1,525DOM42 / 31New5Total54
Sales by Bedroom Count
1 Beds
Avg:$244,150Median:$255,950Range:$111,500 – $365,000PSF:$319 / $268Sq Ft:753 / 744DOM:83 / 31New:0Total:3
2 Beds
Avg:$287,391Median:$258,000Range:$125,000 – $595,000PSF:$272 / $273Sq Ft:1,065 / 1,000DOM:65 / 43New:1Total:30
3 Beds
Avg:$350,689Median:$320,000Range:$125,000 – $999,000PSF:$230 / $234Sq Ft:1,522 / 1,504DOM:42 / 28New:12Total:152
4 Beds
Avg:$473,976Median:$389,900Range:$199,000 – $1,379,000PSF:$209 / $195Sq Ft:2,209 / 2,016DOM:41 / 28New:5Total:46
5 Beds
Avg:$528,980Median:$489,950Range:$347,990 – $749,000PSF:$232 / $227Sq Ft:2,252 / 2,280DOM:36 / 32New:0Total:3
6 Beds
Avg:$1,797,500Median:$1,100,000Range:$1,100,000 – $2,495,000PSF:$309 / $291Sq Ft:5,699 / 3,774DOM:78 / 11New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $244,150 | $255,950 | $111,500 – $365,000 | $319 / $268 | 753 / 744 | 83 / 31 | 0 | 3 |
| 2 Beds | $287,391 | $258,000 | $125,000 – $595,000 | $272 / $273 | 1,065 / 1,000 | 65 / 43 | 1 | 30 |
| 3 Beds | $350,689 | $320,000 | $125,000 – $999,000 | $230 / $234 | 1,522 / 1,504 | 42 / 28 | 12 | 152 |
| 4 Beds | $473,976 | $389,900 | $199,000 – $1,379,000 | $209 / $195 | 2,209 / 2,016 | 41 / 28 | 5 | 46 |
| 5 Beds | $528,980 | $489,950 | $347,990 – $749,000 | $232 / $227 | 2,252 / 2,280 | 36 / 32 | 0 | 3 |
| 6 Beds | $1,797,500 | $1,100,000 | $1,100,000 – $2,495,000 | $309 / $291 | 5,699 / 3,774 | 78 / 11 | 0 | 2 |
Rental Market Overview
Median Rent
$1,600
0.0%
Median DOM
15
−11.8%
New Listings
46
Inventory
215
+4.4%
- Average Rent: $1,734
- Median Rent: $1,600
- Rent Range: $725 – $3,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,146 / 1,008
- Square Footage Range: 372 – 2,750
- Days on Market (Avg/Median): 50 / 15
- Days on Market Range: 1 – 358
- New Listings: 46
- Total Listings: 215
Rentals by Property Type
Apartment
$1,375
Median DOM: 75
Inventory: 72
MoM: 0.0%
Condo
$1,450
Median DOM: 1
Inventory: 39
MoM: 0.0%
Single Family
$1,895
Median DOM: 1
Inventory: 80
MoM: 0.0%
Townhouse
$2,195
Median DOM: 7
Inventory: 21
MoM: 0.0%
Apartment
Avg/Median Rent$1,449 / $1,375Range$823 – $2,795Rent per Sq Ft$2 / $2Sq Ft835 / 747DOM108 / 75New4Total72
Condo
Avg/Median Rent$1,473 / $1,450Range$725 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,030 / 822DOM26 / 1New16Total39
Multi-Family
Avg/Median Rent$1,697 / $1,595Range$1,300 – $2,195Rent per Sq Ft$1 / $1Sq Ft1,197 / 1,050DOM60 / 62New0Total3
Single Family
Avg/Median Rent$2,042 / $1,895Range$1,175 – $3,400Rent per Sq Ft$2 / $2Sq Ft1,405 / 1,215DOM26 / 1New20Total80
Townhouse
Avg/Median Rent$2,025 / $2,195Range$1,095 – $2,900Rent per Sq Ft$2 / $2Sq Ft1,345 / 1,314DOM25 / 7New6Total21
Rentals by Bedroom Count
Studio
Avg:$1,144Median:$1,100Range:$995 – $1,299PSF:$2 / $2Sq Ft:504 / 450DOM:210 / 169New:0Total:6
1 Beds
Avg:$1,326Median:$1,350Range:$823 – $1,850PSF:$2 / $2Sq Ft:681 / 618DOM:85 / 51New:5Total:47
2 Beds
Avg:$1,510Median:$1,500Range:$755 – $2,300PSF:$2 / $2Sq Ft:969 / 900DOM:49 / 11New:18Total:76
3 Beds
Avg:$2,150Median:$2,195Range:$725 – $3,400PSF:$2 / $2Sq Ft:1,469 / 1,400DOM:25 / 4New:22Total:74
4 Beds
Avg:$2,437Median:$2,400Range:$1,900 – $2,895PSF:$1 / $1Sq Ft:2,064 / 2,000DOM:41 / 18New:1Total:11
5 Beds
Avg:$2,900Median:$2,900Range:$2,900 – $2,900PSF:$1 / $1Sq Ft:2,736 / 2,736DOM:30 / 30New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,144 | $1,100 | $995 – $1,299 | $2 / $2 | 504 / 450 | 210 / 169 | 0 | 6 |
| 1 Beds | $1,326 | $1,350 | $823 – $1,850 | $2 / $2 | 681 / 618 | 85 / 51 | 5 | 47 |
| 2 Beds | $1,510 | $1,500 | $755 – $2,300 | $2 / $2 | 969 / 900 | 49 / 11 | 18 | 76 |
| 3 Beds | $2,150 | $2,195 | $725 – $3,400 | $2 / $2 | 1,469 / 1,400 | 25 / 4 | 22 | 74 |
| 4 Beds | $2,437 | $2,400 | $1,900 – $2,895 | $1 / $1 | 2,064 / 2,000 | 41 / 18 | 1 | 11 |
| 5 Beds | $2,900 | $2,900 | $2,900 – $2,900 | $1 / $1 | 2,736 / 2,736 | 30 / 30 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$345,000Median DOM:25New:75Total:225
Apr 2026
Median Price:$350,000Median DOM:22New:80Total:237
May 2026
Median Price:$359,000Median DOM:22New:87Total:265
Jun 2026
Median Price:$351,900Median DOM:20New:85Total:261
Jul 2026
Median Price:$329,950Median DOM:32New:70Total:250
Aug 2026
Median Price:$324,500Median DOM:33New:19Total:250
6-Month Rental Trend
Mar 2026
Median Rent:$1,570Median DOM:14New:73Total:191
Apr 2026
Median Rent:$1,500Median DOM:13New:79Total:201
May 2026
Median Rent:$1,595Median DOM:8New:89Total:211
Jun 2026
Median Rent:$1,595Median DOM:15New:73Total:208
Jul 2026
Median Rent:$1,600Median DOM:17New:77Total:206
Aug 2026
Median Rent:$1,600Median DOM:15New:46Total:215
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. 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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