ZIP 23225 Housing Market Report
Richmond Metro
Report period: May 2026
23225 Monthly Market Update – May 2026
ZIP 23225 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$405,000
−3.1%
Median DOM (Sales)
9
0.0%
New Listings (Sales)
24
−61.9%
Median Rent
$1,700
+1.3%
Median DOM (Rental)
13
+8.3%
Total Rental Listings
92
+1.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (2 DOM)
- Fastest renting: Single Family (9 DOM)
- Strongest bedroom: 5 Beds ($675,000 median)
Sales Market Overview
Median Price
$405,000
−3.1%
Median DOM
9
0.0%
New Listings
24
−61.9%
Inventory
149
+10.4%
- Average Price: $483,973
- Median Price: $405,000
- Price Range: $70,000 – $2,050,000
- Price per Sq Ft (Avg/Median): $262 / $255
- Square Footage (Avg/Median): 1,851 / 1,660
- Square Footage Range: 661 – 4,704
- Days on Market (Avg/Median): 23 / 9
- Days on Market Range: 1 – 159
- New Listings: 24
- Total Listings: 149
Sales by Property Type
Condo
Avg/Median Price$282,222 / $290,000Range$160,000 – $340,000Price per Sq Ft$194 / $192Sq Ft1,467 / 1,561DOM32 / 30New1Total9
Land
Avg/Median Price$85,000 / $85,000Range$70,000 – $100,000Price per Sq Ft—Sq Ft—DOM7 / 2New2Total3
Multi-Family
Avg/Median Price$299,900 / $249,900Range$249,900 – $349,900Price per Sq Ft$134 / $102Sq Ft2,464 / 1,512DOM64 / 6New0Total2
Single Family
Avg/Median Price$530,447 / $449,950Range$155,000 – $2,050,000Price per Sq Ft$276 / $268Sq Ft1,893 / 1,680DOM17 / 7New21Total117
Townhouse
Avg/Median Price$369,713 / $342,000Range$299,000 – $454,990Price per Sq Ft$222 / $223Sq Ft1,700 / 1,520DOM58 / 45New0Total18
Sales by Bedroom Count
Studio
Avg:$349,900Median:$349,900Range:$349,900 – $349,900PSF:$102 / $102Sq Ft:3,416 / 3,416DOM:122 / 122New:0Total:1
2 Beds
Avg:$277,982Median:$289,000Range:$155,000 – $459,900PSF:$253 / $232Sq Ft:1,120 / 1,039DOM:26 / 8New:1Total:22
3 Beds
Avg:$467,757Median:$400,000Range:$174,950 – $1,775,000PSF:$267 / $257Sq Ft:1,736 / 1,660DOM:22 / 8New:14Total:82
4 Beds
Avg:$652,579Median:$479,990Range:$225,000 – $2,050,000PSF:$264 / $256Sq Ft:2,370 / 2,166DOM:23 / 10New:7Total:37
5 Beds
Avg:$722,488Median:$675,000Range:$625,000 – $899,950PSF:$239 / $218Sq Ft:3,024 / 3,136DOM:16 / 9New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $349,900 | $349,900 | $349,900 – $349,900 | $102 / $102 | 3,416 / 3,416 | 122 / 122 | 0 | 1 |
| 2 Beds | $277,982 | $289,000 | $155,000 – $459,900 | $253 / $232 | 1,120 / 1,039 | 26 / 8 | 1 | 22 |
| 3 Beds | $467,757 | $400,000 | $174,950 – $1,775,000 | $267 / $257 | 1,736 / 1,660 | 22 / 8 | 14 | 82 |
| 4 Beds | $652,579 | $479,990 | $225,000 – $2,050,000 | $264 / $256 | 2,370 / 2,166 | 23 / 10 | 7 | 37 |
| 5 Beds | $722,488 | $675,000 | $625,000 – $899,950 | $239 / $218 | 3,024 / 3,136 | 16 / 9 | 0 | 4 |
Rental Market Overview
Median Rent
$1,700
+1.3%
Median DOM
13
+8.3%
New Listings
20
Inventory
92
+1.1%
- Average Rent: $1,797
- Median Rent: $1,700
- Rent Range: $820 – $3,450
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,185 / 1,065
- Square Footage Range: 384 – 4,480
- Days on Market (Avg/Median): 59 / 13
- Days on Market Range: 1 – 364
- New Listings: 20
- Total Listings: 92
Rentals by Property Type
Apartment
$1,275
Median DOM: 34
Inventory: 43
MoM: +1.3%
Condo
—
Median DOM: —
Inventory: —
MoM: +1.3%
Single Family
$2,130
Median DOM: 9
Inventory: 42
MoM: +1.3%
Townhouse
$2,500
Median DOM: 21
Inventory: 7
MoM: +1.3%
Apartment
Avg/Median Rent$1,300 / $1,275Range$820 – $1,850Rent per Sq Ft$2 / $2Sq Ft745 / 700DOM114 / 34New8Total43
Single Family
Avg/Median Rent$2,229 / $2,130Range$988 – $3,450Rent per Sq Ft$2 / $2Sq Ft1,511 / 1,400DOM20 / 9New10Total42
Townhouse
Avg/Median Rent$2,266 / $2,500Range$1,295 – $2,775Rent per Sq Ft$1 / $1Sq Ft2,076 / 1,905DOM65 / 21New2Total7
Rentals by Bedroom Count
Studio
Avg:$1,036Median:$999Range:$999 – $1,149PSF:$2 / $2Sq Ft:462 / 400DOM:317 / 345New:0Total:4
1 Beds
Avg:$1,277Median:$1,275Range:$820 – $1,850PSF:$2 / $2Sq Ft:690 / 680DOM:89 / 34New:6Total:33
2 Beds
Avg:$1,732Median:$1,650Range:$1,295 – $2,750PSF:$1 / $2Sq Ft:1,434 / 1,200DOM:53 / 1New:4Total:11
3 Beds
Avg:$2,226Median:$2,295Range:$1,450 – $3,200PSF:$2 / $2Sq Ft:1,501 / 1,471DOM:25 / 10New:8Total:34
4 Beds
Avg:$2,436Median:$2,300Range:$1,960 – $3,450PSF:$1 / $1Sq Ft:1,804 / 1,618DOM:39 / 9New:2Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,036 | $999 | $999 – $1,149 | $2 / $2 | 462 / 400 | 317 / 345 | 0 | 4 |
| 1 Beds | $1,277 | $1,275 | $820 – $1,850 | $2 / $2 | 690 / 680 | 89 / 34 | 6 | 33 |
| 2 Beds | $1,732 | $1,650 | $1,295 – $2,750 | $1 / $2 | 1,434 / 1,200 | 53 / 1 | 4 | 11 |
| 3 Beds | $2,226 | $2,295 | $1,450 – $3,200 | $2 / $2 | 1,501 / 1,471 | 25 / 10 | 8 | 34 |
| 4 Beds | $2,436 | $2,300 | $1,960 – $3,450 | $1 / $1 | 1,804 / 1,618 | 39 / 9 | 2 | 10 |
6-Month Sales Trend
Dec 2025
Median Price:$359,900Median DOM:55New:10Total:90
Jan 2026
Median Price:$349,999Median DOM:46New:29Total:76
Feb 2026
Median Price:$392,000Median DOM:21New:24Total:77
Mar 2026
Median Price:$419,950Median DOM:8New:46Total:99
Apr 2026
Median Price:$418,000Median DOM:9New:63Total:135
May 2026
Median Price:$405,000Median DOM:9New:24Total:149
6-Month Rental Trend
Dec 2025
Median Rent:$1,595Median DOM:16New:27Total:78
Jan 2026
Median Rent:$1,500Median DOM:11New:32Total:83
Feb 2026
Median Rent:$1,500Median DOM:13New:33Total:87
Mar 2026
Median Rent:$1,640Median DOM:9New:32Total:92
Apr 2026
Median Rent:$1,679Median DOM:12New:29Total:91
May 2026
Median Rent:$1,700Median DOM:13New:20Total:92
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady 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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