ZIP 23223 Housing Market Report
Richmond Metro
Report period: July 2026
23223 Monthly Market Update – July 2026
ZIP 23223 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$339,000
−3.7%
Median DOM (Sales)
24
+20.0%
New Listings (Sales)
31
−63.5%
Median Rent
$1,600
+0.3%
Median DOM (Rental)
16
+6.7%
Total Rental Listings
209
+0.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (20 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($2,495,000 median)
Sales Market Overview
Median Price
$339,000
−3.7%
Median DOM
24
+20.0%
New Listings
31
−63.5%
Inventory
262
+0.4%
- Average Price: $362,573
- Median Price: $339,000
- Price Range: $25,000 – $2,495,000
- Price per Sq Ft (Avg/Median): $237 / $234
- Square Footage (Avg/Median): 1,605 / 1,501
- Square Footage Range: 560 – 7,624
- Days on Market (Avg/Median): 39 / 24
- Days on Market Range: 1 – 264
- New Listings: 31
- Total Listings: 262
Sales by Property Type
Condo
Avg/Median Price$269,289 / $295,000Range$111,500 – $595,000Price per Sq Ft$258 / $199Sq Ft1,020 / 998DOM75 / 32New3Total18
Land
Avg/Median Price$158,585 / $75,000Range$25,000 – $720,000Price per Sq Ft—Sq Ft—DOM55 / 49New0Total20
Single Family
Avg/Median Price$371,851 / $339,500Range$100,000 – $2,495,000Price per Sq Ft$233 / $234Sq Ft1,613 / 1,526DOM35 / 23New14Total172
Townhouse
Avg/Median Price$442,630 / $359,000Range$149,950 – $949,950Price per Sq Ft$241 / $234Sq Ft1,780 / 1,525DOM34 / 20New14Total52
Sales by Bedroom Count
1 Beds
Avg:$238,250Median:$111,500Range:$111,500 – $365,000PSF:$345 / $199Sq Ft:652 / 560DOM:94 / 17New:0Total:2
2 Beds
Avg:$307,796Median:$294,950Range:$100,000 – $599,999PSF:$274 / $277Sq Ft:1,121 / 1,096DOM:43 / 21New:5Total:44
3 Beds
Avg:$351,456Median:$325,000Range:$125,000 – $999,000PSF:$230 / $234Sq Ft:1,522 / 1,488DOM:37 / 24New:18Total:147
4 Beds
Avg:$498,131Median:$399,950Range:$189,000 – $1,379,000PSF:$217 / $202Sq Ft:2,233 / 2,080DOM:34 / 23New:7Total:45
5 Beds
Avg:$409,313Median:$390,000Range:$347,990 – $489,950PSF:$212 / $215Sq Ft:1,941 / 2,012DOM:10 / 9New:1Total:3
6 Beds
Avg:$2,495,000Median:$2,495,000Range:$2,495,000 – $2,495,000PSF:$327 / $327Sq Ft:7,624 / 7,624DOM:144 / 144New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $238,250 | $111,500 | $111,500 – $365,000 | $345 / $199 | 652 / 560 | 94 / 17 | 0 | 2 |
| 2 Beds | $307,796 | $294,950 | $100,000 – $599,999 | $274 / $277 | 1,121 / 1,096 | 43 / 21 | 5 | 44 |
| 3 Beds | $351,456 | $325,000 | $125,000 – $999,000 | $230 / $234 | 1,522 / 1,488 | 37 / 24 | 18 | 147 |
| 4 Beds | $498,131 | $399,950 | $189,000 – $1,379,000 | $217 / $202 | 2,233 / 2,080 | 34 / 23 | 7 | 45 |
| 5 Beds | $409,313 | $390,000 | $347,990 – $489,950 | $212 / $215 | 1,941 / 2,012 | 10 / 9 | 1 | 3 |
| 6 Beds | $2,495,000 | $2,495,000 | $2,495,000 – $2,495,000 | $327 / $327 | 7,624 / 7,624 | 144 / 144 | 0 | 1 |
Rental Market Overview
Median Rent
$1,600
+0.3%
Median DOM
16
+6.7%
New Listings
44
Inventory
209
+0.5%
- Average Rent: $1,725
- Median Rent: $1,600
- Rent Range: $823 – $3,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,116 / 1,000
- Square Footage Range: 372 – 3,327
- Days on Market (Avg/Median): 51 / 16
- Days on Market Range: 1 – 354
- New Listings: 44
- Total Listings: 209
Rentals by Property Type
Apartment
$1,395
Median DOM: 71
Inventory: 72
MoM: +0.3%
Condo
$1,450
Median DOM: 1
Inventory: 35
MoM: +0.3%
Single Family
$1,850
Median DOM: 4
Inventory: 81
MoM: +0.3%
Townhouse
$1,890
Median DOM: 7
Inventory: 18
MoM: +0.3%
Apartment
Avg/Median Rent$1,451 / $1,395Range$823 – $2,450Rent per Sq Ft$2 / $2Sq Ft822 / 706DOM105 / 71New2Total72
Condo
Avg/Median Rent$1,516 / $1,450Range$995 – $2,295Rent per Sq Ft$2 / $2Sq Ft993 / 800DOM24 / 1New14Total35
Multi-Family
Avg/Median Rent$1,697 / $1,595Range$1,300 – $2,195Rent per Sq Ft$1 / $1Sq Ft1,197 / 1,050DOM50 / 52New0Total3
Single Family
Avg/Median Rent$1,999 / $1,850Range$1,100 – $3,400Rent per Sq Ft$2 / $2Sq Ft1,388 / 1,197DOM30 / 4New20Total81
Townhouse
Avg/Median Rent$2,005 / $1,890Range$1,095 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,304 / 1,254DOM23 / 7New8Total18
Rentals by Bedroom Count
Studio
Avg:$1,170Median:$1,126Range:$995 – $1,399PSF:$2 / $2Sq Ft:506 / 450DOM:129 / 84New:0Total:6
1 Beds
Avg:$1,297Median:$1,299Range:$823 – $1,850PSF:$2 / $2Sq Ft:657 / 611DOM:102 / 51New:3Total:41
2 Beds
Avg:$1,557Median:$1,545Range:$925 – $2,495PSF:$2 / $2Sq Ft:972 / 928DOM:41 / 1New:19Total:88
3 Beds
Avg:$2,163Median:$2,195Range:$1,100 – $3,400PSF:$2 / $2Sq Ft:1,478 / 1,452DOM:35 / 15New:19Total:61
4 Beds
Avg:$2,382Median:$2,450Range:$1,300 – $3,250PSF:$1 / $1Sq Ft:1,975 / 1,800DOM:36 / 29New:3Total:12
5 Beds
Avg:$2,900Median:$2,900Range:$2,900 – $2,900PSF:$1 / $1Sq Ft:2,736 / 2,736DOM:15 / 15New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,170 | $1,126 | $995 – $1,399 | $2 / $2 | 506 / 450 | 129 / 84 | 0 | 6 |
| 1 Beds | $1,297 | $1,299 | $823 – $1,850 | $2 / $2 | 657 / 611 | 102 / 51 | 3 | 41 |
| 2 Beds | $1,557 | $1,545 | $925 – $2,495 | $2 / $2 | 972 / 928 | 41 / 1 | 19 | 88 |
| 3 Beds | $2,163 | $2,195 | $1,100 – $3,400 | $2 / $2 | 1,478 / 1,452 | 35 / 15 | 19 | 61 |
| 4 Beds | $2,382 | $2,450 | $1,300 – $3,250 | $1 / $1 | 1,975 / 1,800 | 36 / 29 | 3 | 12 |
| 5 Beds | $2,900 | $2,900 | $2,900 – $2,900 | $1 / $1 | 2,736 / 2,736 | 15 / 15 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$345,000Median DOM:36New:62Total:216
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:$339,000Median DOM:24New:31Total:262
6-Month Rental Trend
Feb 2026
Median Rent:$1,537Median DOM:10New:70Total:194
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:16New:44Total:209
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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