ZIP 23225 Housing Market Report
Richmond Metro
Report period: August 2026
23225 Monthly Market Update – August 2026
ZIP 23225 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$345,000
−6.8%
Median DOM (Sales)
16
+14.3%
New Listings (Sales)
10
−75.6%
Median Rent
$1,595
−0.3%
Median DOM (Rental)
28
+27.3%
Total Rental Listings
76
−1.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (12 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($1,495,000 median)
Sales Market Overview
Median Price
$345,000
−6.8%
Median DOM
16
+14.3%
New Listings
10
−75.6%
Inventory
123
−6.8%
- Average Price: $436,400
- Median Price: $345,000
- Price Range: $75,000 – $1,795,000
- Price per Sq Ft (Avg/Median): $253 / $255
- Square Footage (Avg/Median): 1,759 / 1,561
- Square Footage Range: 700 – 5,155
- Days on Market (Avg/Median): 34 / 16
- Days on Market Range: 1 – 221
- New Listings: 10
- Total Listings: 123
Sales by Property Type
Condo
Avg/Median Price$280,967 / $299,000Range$164,900 – $325,000Price per Sq Ft$196 / $199Sq Ft1,463 / 1,561DOM51 / 27New1Total9
Land
Avg/Median Price$95,000 / $85,000Range$75,000 – $125,000Price per Sq Ft—Sq Ft—DOM48 / 34New0Total3
Single Family
Avg/Median Price$472,845 / $390,000Range$168,000 – $1,795,000Price per Sq Ft$264 / $266Sq Ft1,794 / 1,596DOM25 / 12New8Total99
Townhouse
Avg/Median Price$337,654 / $325,500Range$294,950 – $420,000Price per Sq Ft$209 / $212Sq Ft1,684 / 1,515DOM96 / 81New1Total12
Sales by Bedroom Count
2 Beds
Avg:$297,615Median:$299,000Range:$164,900 – $475,000PSF:$255 / $224Sq Ft:1,216 / 1,189DOM:37 / 24New:1Total:17
3 Beds
Avg:$395,797Median:$342,000Range:$199,900 – $995,000PSF:$250 / $255Sq Ft:1,605 / 1,515DOM:36 / 13New:5Total:72
4 Beds
Avg:$600,652Median:$525,000Range:$274,900 – $1,795,000PSF:$264 / $255Sq Ft:2,224 / 2,049DOM:28 / 10New:4Total:24
5 Beds
Avg:$654,125Median:$660,000Range:$239,900 – $899,950PSF:$240 / $207Sq Ft:2,702 / 2,206DOM:27 / 12New:0Total:6
7 Beds
Avg:$1,495,000Median:$1,495,000Range:$1,495,000 – $1,495,000PSF:$290 / $290Sq Ft:5,155 / 5,155DOM:71 / 71New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $297,615 | $299,000 | $164,900 – $475,000 | $255 / $224 | 1,216 / 1,189 | 37 / 24 | 1 | 17 |
| 3 Beds | $395,797 | $342,000 | $199,900 – $995,000 | $250 / $255 | 1,605 / 1,515 | 36 / 13 | 5 | 72 |
| 4 Beds | $600,652 | $525,000 | $274,900 – $1,795,000 | $264 / $255 | 2,224 / 2,049 | 28 / 10 | 4 | 24 |
| 5 Beds | $654,125 | $660,000 | $239,900 – $899,950 | $240 / $207 | 2,702 / 2,206 | 27 / 12 | 0 | 6 |
| 7 Beds | $1,495,000 | $1,495,000 | $1,495,000 – $1,495,000 | $290 / $290 | 5,155 / 5,155 | 71 / 71 | 0 | 1 |
Rental Market Overview
Median Rent
$1,595
−0.3%
Median DOM
28
+27.3%
New Listings
10
Inventory
76
−1.3%
- Average Rent: $1,677
- Median Rent: $1,595
- Rent Range: $606 – $2,900
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,077 / 950
- Square Footage Range: 384 – 2,668
- Days on Market (Avg/Median): 63 / 28
- Days on Market Range: 1 – 343
- New Listings: 10
- Total Listings: 76
Rentals by Property Type
Apartment
$1,245
Median DOM: 41
Inventory: 35
MoM: −0.3%
Condo
$1,350
Median DOM: 1
Inventory: 4
MoM: −0.3%
Single Family
$2,050
Median DOM: 19
Inventory: 31
MoM: −0.3%
Townhouse
$2,600
Median DOM: 44
Inventory: 5
MoM: −0.3%
Apartment
Avg/Median Rent$1,277 / $1,245Range$940 – $1,740Rent per Sq Ft$2 / $2Sq Ft694 / 685DOM115 / 41New1Total35
Condo
Avg/Median Rent$1,233 / $1,350Range$606 – $1,550Rent per Sq Ft$2 / $2Sq Ft685 / 685DOM1 / 1New3Total4
Multi-Family
Avg/Median Rent$925 / $925Range$925 – $925Rent per Sq Ft$1 / $1Sq Ft666 / 666DOM28 / 28New0Total1
Single Family
Avg/Median Rent$2,088 / $2,050Range$850 – $2,900Rent per Sq Ft$2 / $2Sq Ft1,460 / 1,300DOM31 / 19New6Total31
Townhouse
Avg/Median Rent$2,434 / $2,600Range$1,750 – $2,750Rent per Sq Ft$2 / $2Sq Ft1,544 / 1,414DOM80 / 44New0Total5
Rentals by Bedroom Count
Studio
Avg:$1,064Median:$950Range:$950 – $1,179PSF:$2 / $2Sq Ft:458 / 384DOM:—New:0Total:2
1 Beds
Avg:$1,176Median:$1,175Range:$606 – $1,731PSF:$2 / $2Sq Ft:658 / 630DOM:96 / 28New:2Total:29
2 Beds
Avg:$1,725Median:$1,700Range:$925 – $2,500PSF:$2 / $2Sq Ft:1,035 / 950DOM:65 / 24New:2Total:15
3 Beds
Avg:$2,144Median:$2,000Range:$1,560 – $2,800PSF:$2 / $2Sq Ft:1,321 / 1,200DOM:46 / 31New:4Total:25
4 Beds
Avg:$2,599Median:$2,500Range:$2,295 – $2,900PSF:$1 / $1Sq Ft:2,115 / 1,800DOM:8 / 1New:2Total:4
5 Beds
Avg:$1,350Median:$1,350Range:$1,350 – $1,350PSF:$1 / $1Sq Ft:2,668 / 2,668DOM:11 / 11New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,064 | $950 | $950 – $1,179 | $2 / $2 | 458 / 384 | — | 0 | 2 |
| 1 Beds | $1,176 | $1,175 | $606 – $1,731 | $2 / $2 | 658 / 630 | 96 / 28 | 2 | 29 |
| 2 Beds | $1,725 | $1,700 | $925 – $2,500 | $2 / $2 | 1,035 / 950 | 65 / 24 | 2 | 15 |
| 3 Beds | $2,144 | $2,000 | $1,560 – $2,800 | $2 / $2 | 1,321 / 1,200 | 46 / 31 | 4 | 25 |
| 4 Beds | $2,599 | $2,500 | $2,295 – $2,900 | $1 / $1 | 2,115 / 1,800 | 8 / 1 | 2 | 4 |
| 5 Beds | $1,350 | $1,350 | $1,350 – $1,350 | $1 / $1 | 2,668 / 2,668 | 11 / 11 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$419,950Median DOM:8New:46Total:99
Apr 2026
Median Price:$418,000Median DOM:9New:63Total:135
May 2026
Median Price:$418,000Median DOM:9New:73Total:170
Jun 2026
Median Price:$415,000Median DOM:11New:43Total:150
Jul 2026
Median Price:$370,000Median DOM:14New:41Total:132
Aug 2026
Median Price:$345,000Median DOM:16New:10Total:123
6-Month Rental Trend
Mar 2026
Median Rent:$1,640Median DOM:9New:32Total:92
Apr 2026
Median Rent:$1,679Median DOM:12New:29Total:91
May 2026
Median Rent:$1,699Median DOM:14New:32Total:91
Jun 2026
Median Rent:$1,695Median DOM:21New:23Total:83
Jul 2026
Median Rent:$1,599Median DOM:22New:23Total:77
Aug 2026
Median Rent:$1,595Median DOM:28New:10Total:76
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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