ZIP 23224 Housing Market Report
Richmond Metro
Report period: July 2026
23224 Monthly Market Update – July 2026
ZIP 23224 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$299,900
−0.0%
Median DOM (Sales)
24
0.0%
New Listings (Sales)
11
−78.0%
Median Rent
$1,549
+3.3%
Median DOM (Rental)
26
+4.0%
Total Rental Listings
168
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($549,000 median)
Sales Market Overview
Median Price
$299,900
−0.0%
Median DOM
24
0.0%
New Listings
11
−78.0%
Inventory
140
−2.1%
- Average Price: $299,334
- Median Price: $299,900
- Price Range: $47,999 – $934,000
- Price per Sq Ft (Avg/Median): $222 / $220
- Square Footage (Avg/Median): 1,428 / 1,373
- Square Footage Range: 586 – 3,408
- Days on Market (Avg/Median): 41 / 24
- Days on Market Range: 1 – 340
- New Listings: 11
- Total Listings: 140
Sales by Property Type
Condo
Avg/Median Price$260,190 / $232,990Range$214,900 – $349,000Price per Sq Ft$293 / $270Sq Ft912 / 802DOM55 / 36New1Total6
Land
Avg/Median Price$115,666 / $97,000Range$47,999 – $260,000Price per Sq Ft—Sq Ft—DOM124 / 82New0Total6
Multi-Family
Avg/Median Price$665,000 / $665,000Range$665,000 – $665,000Price per Sq Ft$239 / $239Sq Ft2,786 / 2,786DOM67 / 67New0Total1
Single Family
Avg/Median Price$288,525 / $299,000Range$124,000 – $549,000Price per Sq Ft$217 / $219Sq Ft1,390 / 1,354DOM34 / 18New6Total98
Townhouse
Avg/Median Price$369,349 / $348,890Range$165,000 – $934,000Price per Sq Ft$224 / $215Sq Ft1,616 / 1,602DOM48 / 38New4Total29
Sales by Bedroom Count
1 Beds
Avg:$223,830Median:$214,900Range:$140,000 – $299,900PSF:$296 / $311Sq Ft:766 / 691DOM:44 / 33New:1Total:5
2 Beds
Avg:$242,584Median:$225,000Range:$124,000 – $424,500PSF:$233 / $225Sq Ft:1,074 / 964DOM:38 / 26New:0Total:29
3 Beds
Avg:$320,918Median:$315,000Range:$139,000 – $934,000PSF:$221 / $222Sq Ft:1,465 / 1,377DOM:37 / 20New:9Total:72
4 Beds
Avg:$338,275Median:$335,000Range:$165,000 – $609,000PSF:$206 / $203Sq Ft:1,647 / 1,649DOM:38 / 24New:1Total:24
5 Beds
Avg:$428,317Median:$379,950Range:$240,000 – $665,000PSF:$159 / $135Sq Ft:2,645 / 2,786DOM:50 / 60New:0Total:3
7 Beds
Avg:$549,000Median:$549,000Range:$549,000 – $549,000PSF:$161 / $161Sq Ft:3,408 / 3,408DOM:57 / 57New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $223,830 | $214,900 | $140,000 – $299,900 | $296 / $311 | 766 / 691 | 44 / 33 | 1 | 5 |
| 2 Beds | $242,584 | $225,000 | $124,000 – $424,500 | $233 / $225 | 1,074 / 964 | 38 / 26 | 0 | 29 |
| 3 Beds | $320,918 | $315,000 | $139,000 – $934,000 | $221 / $222 | 1,465 / 1,377 | 37 / 20 | 9 | 72 |
| 4 Beds | $338,275 | $335,000 | $165,000 – $609,000 | $206 / $203 | 1,647 / 1,649 | 38 / 24 | 1 | 24 |
| 5 Beds | $428,317 | $379,950 | $240,000 – $665,000 | $159 / $135 | 2,645 / 2,786 | 50 / 60 | 0 | 3 |
| 7 Beds | $549,000 | $549,000 | $549,000 – $549,000 | $161 / $161 | 3,408 / 3,408 | 57 / 57 | 0 | 1 |
Rental Market Overview
Median Rent
$1,549
+3.3%
Median DOM
26
+4.0%
New Listings
29
Inventory
168
0.0%
- Average Rent: $1,646
- Median Rent: $1,549
- Rent Range: $795 – $3,946
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,114 / 937
- Square Footage Range: 365 – 13,132
- Days on Market (Avg/Median): 57 / 26
- Days on Market Range: 1 – 349
- New Listings: 29
- Total Listings: 168
Rentals by Property Type
Apartment
$1,349
Median DOM: 76
Inventory: 76
MoM: +3.3%
Condo
$1,595
Median DOM: 1
Inventory: 19
MoM: +3.3%
Single Family
$1,850
Median DOM: 11
Inventory: 52
MoM: +3.3%
Townhouse
$1,850
Median DOM: 17
Inventory: 15
MoM: +3.3%
Apartment
Avg/Median Rent$1,481 / $1,349Range$809 – $3,352Rent per Sq Ft$2 / $2Sq Ft755 / 657DOM102 / 76New4Total76
Condo
Avg/Median Rent$1,545 / $1,595Range$795 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,331 / 962DOM24 / 1New8Total19
Multi-Family
Avg/Median Rent$1,658 / $1,500Range$1,500 – $2,250Rent per Sq Ft$2 / $3Sq Ft876 / 540DOM15 / 16New1Total6
Single Family
Avg/Median Rent$1,855 / $1,850Range$875 – $2,675Rent per Sq Ft$1 / $1Sq Ft1,534 / 1,228DOM29 / 11New13Total52
Townhouse
Avg/Median Rent$1,883 / $1,850Range$995 – $3,946Rent per Sq Ft$1 / $1Sq Ft1,291 / 1,100DOM31 / 17New3Total15
Rentals by Bedroom Count
Studio
Avg:$1,240Median:$1,311Range:$809 – $1,470PSF:$3 / $3Sq Ft:442 / 470DOM:147 / 116New:0Total:5
1 Beds
Avg:$1,296Median:$1,295Range:$795 – $1,895PSF:$2 / $2Sq Ft:738 / 610DOM:96 / 62New:5Total:55
2 Beds
Avg:$1,554Median:$1,465Range:$875 – $3,352PSF:$2 / $1Sq Ft:969 / 950DOM:37 / 13New:13Total:54
3 Beds
Avg:$2,073Median:$2,000Range:$1,500 – $3,946PSF:$1 / $1Sq Ft:1,729 / 1,345DOM:36 / 17New:7Total:36
4 Beds
Avg:$2,256Median:$2,150Range:$1,695 – $3,780PSF:$1 / $1Sq Ft:1,627 / 1,460DOM:59 / 11New:3Total:17
5 Beds
Avg:$2,195Median:$2,195Range:$2,195 – $2,195PSF:$1 / $1Sq Ft:1,700 / 1,700DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,240 | $1,311 | $809 – $1,470 | $3 / $3 | 442 / 470 | 147 / 116 | 0 | 5 |
| 1 Beds | $1,296 | $1,295 | $795 – $1,895 | $2 / $2 | 738 / 610 | 96 / 62 | 5 | 55 |
| 2 Beds | $1,554 | $1,465 | $875 – $3,352 | $2 / $1 | 969 / 950 | 37 / 13 | 13 | 54 |
| 3 Beds | $2,073 | $2,000 | $1,500 – $3,946 | $1 / $1 | 1,729 / 1,345 | 36 / 17 | 7 | 36 |
| 4 Beds | $2,256 | $2,150 | $1,695 – $3,780 | $1 / $1 | 1,627 / 1,460 | 59 / 11 | 3 | 17 |
| 5 Beds | $2,195 | $2,195 | $2,195 – $2,195 | $1 / $1 | 1,700 / 1,700 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$289,900Median DOM:31New:41Total:131
Mar 2026
Median Price:$290,000Median DOM:33New:38Total:139
Apr 2026
Median Price:$299,900Median DOM:33New:42Total:140
May 2026
Median Price:$295,000Median DOM:26New:46Total:145
Jun 2026
Median Price:$299,945Median DOM:24New:50Total:143
Jul 2026
Median Price:$299,900Median DOM:24New:11Total:140
6-Month Rental Trend
Feb 2026
Median Rent:$1,425Median DOM:14New:63Total:176
Mar 2026
Median Rent:$1,400Median DOM:14New:67Total:178
Apr 2026
Median Rent:$1,399Median DOM:18New:65Total:174
May 2026
Median Rent:$1,495Median DOM:22New:59Total:178
Jun 2026
Median Rent:$1,500Median DOM:25New:56Total:168
Jul 2026
Median Rent:$1,549Median DOM:26New:29Total:168
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, while total rental inventory was flat.
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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