ZIP 23226 Housing Market Report
Richmond Metro
Report period: May 2026
23226 Monthly Market Update – May 2026
ZIP 23226 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$725,000
+3.7%
Median DOM (Sales)
8
0.0%
New Listings (Sales)
12
−67.6%
Median Rent
$2,350
0.0%
Median DOM (Rental)
6
−25.0%
Total Rental Listings
42
+5.0%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (8 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 6 Beds ($3,595,000 median)
Sales Market Overview
Median Price
$725,000
+3.7%
Median DOM
8
0.0%
New Listings
12
−67.6%
Inventory
90
+4.7%
- Average Price: $1,137,109
- Median Price: $725,000
- Price Range: $299,000 – $8,500,000
- Price per Sq Ft (Avg/Median): $402 / $388
- Square Footage (Avg/Median): 2,608 / 2,088
- Square Footage Range: 816 – 8,765
- Days on Market (Avg/Median): 22 / 8
- Days on Market Range: 2 – 189
- New Listings: 12
- Total Listings: 90
Sales by Property Type
Condo
Avg/Median Price$768,778 / $625,000Range$320,000 – $1,975,000Price per Sq Ft$399 / $389Sq Ft1,861 / 1,695DOM12 / 8New2Total9
Land
Avg/Median Price$500,000 / $500,000Range$500,000 – $500,000Price per Sq Ft—Sq Ft—DOM133 / 133New0Total1
Multi-Family
Avg/Median Price$498,000 / $498,000Range$498,000 – $498,000Price per Sq Ft$277 / $277Sq Ft1,799 / 1,799DOM79 / 79New0Total1
Single Family
Avg/Median Price$1,195,225 / $765,000Range$299,000 – $8,500,000Price per Sq Ft$404 / $388Sq Ft2,704 / 2,229DOM21 / 8New10Total79
Sales by Bedroom Count
2 Beds
Avg:$436,994Median:$425,000Range:$299,000 – $695,000PSF:$396 / $396Sq Ft:1,109 / 1,046DOM:16 / 8New:2Total:9
3 Beds
Avg:$630,716Median:$550,000Range:$325,000 – $1,975,000PSF:$360 / $364Sq Ft:1,728 / 1,695DOM:12 / 7New:4Total:29
4 Beds
Avg:$1,329,813Median:$1,175,000Range:$429,950 – $2,950,000PSF:$418 / $401Sq Ft:3,012 / 2,845DOM:25 / 9New:3Total:38
5 Beds
Avg:$2,124,017Median:$1,495,000Range:$469,500 – $8,500,000PSF:$447 / $419Sq Ft:4,186 / 3,570DOM:29 / 8New:3Total:12
6 Beds
Avg:$3,595,000Median:$3,595,000Range:$3,595,000 – $3,595,000PSF:$488 / $488Sq Ft:7,363 / 7,363DOM:12 / 12New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $436,994 | $425,000 | $299,000 – $695,000 | $396 / $396 | 1,109 / 1,046 | 16 / 8 | 2 | 9 |
| 3 Beds | $630,716 | $550,000 | $325,000 – $1,975,000 | $360 / $364 | 1,728 / 1,695 | 12 / 7 | 4 | 29 |
| 4 Beds | $1,329,813 | $1,175,000 | $429,950 – $2,950,000 | $418 / $401 | 3,012 / 2,845 | 25 / 9 | 3 | 38 |
| 5 Beds | $2,124,017 | $1,495,000 | $469,500 – $8,500,000 | $447 / $419 | 4,186 / 3,570 | 29 / 8 | 3 | 12 |
| 6 Beds | $3,595,000 | $3,595,000 | $3,595,000 – $3,595,000 | $488 / $488 | 7,363 / 7,363 | 12 / 12 | 0 | 1 |
Rental Market Overview
Median Rent
$2,350
0.0%
Median DOM
6
−25.0%
New Listings
14
Inventory
42
+5.0%
- Average Rent: $2,427
- Median Rent: $2,350
- Rent Range: $1,095 – $5,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,310 / 1,266
- Square Footage Range: 628 – 3,009
- Days on Market (Avg/Median): 32 / 6
- Days on Market Range: 1 – 298
- New Listings: 14
- Total Listings: 42
Rentals by Property Type
Apartment
$1,650
Median DOM: 35
Inventory: 8
MoM: 0.0%
Condo
$2,230
Median DOM: 11
Inventory: 1
MoM: 0.0%
Single Family
$2,400
Median DOM: 3
Inventory: 32
MoM: 0.0%
Townhouse
$2,230
Median DOM: 1
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$1,832 / $1,650Range$1,095 – $2,392Rent per Sq Ft$2 / $2Sq Ft1,144 / 828DOM50 / 35New0Total8
Condo
Avg/Median Rent$2,230 / $2,230Range$2,230 – $2,230Rent per Sq Ft$2 / $2Sq Ft905 / 905DOM11 / 11New0Total1
Single Family
Avg/Median Rent$2,589 / $2,400Range$1,725 – $5,000Rent per Sq Ft$2 / $2Sq Ft1,373 / 1,309DOM30 / 3New13Total32
Townhouse
Avg/Median Rent$2,230 / $2,230Range$2,230 – $2,230Rent per Sq Ft$2 / $2Sq Ft914 / 914DOM1 / 1New1Total1
Rentals by Bedroom Count
1 Beds
Avg:$2,146Median:$1,899Range:$1,899 – $2,392PSF:$3 / $2Sq Ft:842 / 828DOM:77 / 77New:0Total:2
2 Beds
Avg:$1,885Median:$1,725Range:$1,095 – $2,500PSF:$2 / $2Sq Ft:855 / 832DOM:53 / 11New:3Total:10
3 Beds
Avg:$2,467Median:$2,395Range:$1,800 – $3,800PSF:$2 / $2Sq Ft:1,315 / 1,266DOM:21 / 3New:9Total:19
4 Beds
Avg:$2,903Median:$2,600Range:$2,195 – $5,000PSF:$2 / $2Sq Ft:1,758 / 1,582DOM:28 / 4New:2Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,146 | $1,899 | $1,899 – $2,392 | $3 / $2 | 842 / 828 | 77 / 77 | 0 | 2 |
| 2 Beds | $1,885 | $1,725 | $1,095 – $2,500 | $2 / $2 | 855 / 832 | 53 / 11 | 3 | 10 |
| 3 Beds | $2,467 | $2,395 | $1,800 – $3,800 | $2 / $2 | 1,315 / 1,266 | 21 / 3 | 9 | 19 |
| 4 Beds | $2,903 | $2,600 | $2,195 – $5,000 | $2 / $2 | 1,758 / 1,582 | 28 / 4 | 2 | 11 |
6-Month Sales Trend
Dec 2025
Median Price:$550,000Median DOM:36New:8Total:52
Jan 2026
Median Price:$550,000Median DOM:30New:16Total:46
Feb 2026
Median Price:$575,000Median DOM:9New:28Total:61
Mar 2026
Median Price:$649,950Median DOM:10New:35Total:73
Apr 2026
Median Price:$699,000Median DOM:8New:37Total:86
May 2026
Median Price:$725,000Median DOM:8New:12Total:90
6-Month Rental Trend
Dec 2025
Median Rent:$2,350Median DOM:17New:11Total:27
Jan 2026
Median Rent:$2,395Median DOM:15New:14Total:26
Feb 2026
Median Rent:$2,250Median DOM:6New:20Total:35
Mar 2026
Median Rent:$2,341Median DOM:6New:21Total:42
Apr 2026
Median Rent:$2,350Median DOM:8New:10Total:40
May 2026
Median Rent:$2,350Median DOM:6New:14Total:42
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady 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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