ZIP 23227 Housing Market Report
Richmond Metro
Report period: July 2026
23227 Monthly Market Update – July 2026
ZIP 23227 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$378,990
+1.1%
Median DOM (Sales)
16
0.0%
New Listings (Sales)
9
−60.9%
Median Rent
$1,250
+4.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
86
−3.4%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 4 Beds ($449,900 median)
Sales Market Overview
Median Price
$378,990
+1.1%
Median DOM
16
0.0%
New Listings
9
−60.9%
Inventory
92
−4.2%
- Average Price: $399,078
- Median Price: $378,990
- Price Range: $9,950 – $750,000
- Price per Sq Ft (Avg/Median): $242 / $241
- Square Footage (Avg/Median): 1,725 / 1,621
- Square Footage Range: 730 – 4,403
- Days on Market (Avg/Median): 27 / 16
- Days on Market Range: 1 – 171
- New Listings: 9
- Total Listings: 92
Sales by Property Type
Condo
Avg/Median Price$311,733 / $167,900Range$135,000 – $585,000Price per Sq Ft$211 / $190Sq Ft1,447 / 885DOM30 / 24New0Total6
Land
Avg/Median Price$9,950 / $9,950Range$9,950 – $9,950Price per Sq Ft—Sq Ft—DOM171 / 171New0Total1
Single Family
Avg/Median Price$448,556 / $415,000Range$199,000 – $750,000Price per Sq Ft$258 / $262Sq Ft1,854 / 1,740DOM21 / 13New3Total47
Townhouse
Avg/Median Price$361,913 / $369,990Range$195,000 – $404,990Price per Sq Ft$226 / $227Sq Ft1,609 / 1,524DOM31 / 19New6Total38
Sales by Bedroom Count
1 Beds
Avg:$139,750Median:$135,000Range:$135,000 – $144,500PSF:$191 / $185Sq Ft:730 / 730DOM:34 / 24New:0Total:2
2 Beds
Avg:$303,540Median:$329,900Range:$167,900 – $349,950PSF:$274 / $273Sq Ft:1,131 / 1,080DOM:40 / 50New:0Total:5
3 Beds
Avg:$395,913Median:$378,990Range:$195,000 – $724,900PSF:$246 / $244Sq Ft:1,630 / 1,525DOM:23 / 13New:7Total:66
4 Beds
Avg:$491,706Median:$449,900Range:$349,950 – $750,000PSF:$240 / $220Sq Ft:2,094 / 1,920DOM:30 / 16New:2Total:14
5 Beds
Avg:$473,475Median:$349,900Range:$349,000 – $599,999PSF:$158 / $146Sq Ft:3,238 / 2,417DOM:36 / 13New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $139,750 | $135,000 | $135,000 – $144,500 | $191 / $185 | 730 / 730 | 34 / 24 | 0 | 2 |
| 2 Beds | $303,540 | $329,900 | $167,900 – $349,950 | $274 / $273 | 1,131 / 1,080 | 40 / 50 | 0 | 5 |
| 3 Beds | $395,913 | $378,990 | $195,000 – $724,900 | $246 / $244 | 1,630 / 1,525 | 23 / 13 | 7 | 66 |
| 4 Beds | $491,706 | $449,900 | $349,950 – $750,000 | $240 / $220 | 2,094 / 1,920 | 30 / 16 | 2 | 14 |
| 5 Beds | $473,475 | $349,900 | $349,000 – $599,999 | $158 / $146 | 3,238 / 2,417 | 36 / 13 | 0 | 4 |
Rental Market Overview
Median Rent
$1,250
+4.2%
Median DOM
1
0.0%
New Listings
18
Inventory
86
−3.4%
- Average Rent: $1,586
- Median Rent: $1,250
- Rent Range: $595 – $3,200
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,188 / 900
- Square Footage Range: 400 – 2,700
- Days on Market (Avg/Median): 25 / 1
- Days on Market Range: 1 – 270
- New Listings: 18
- Total Listings: 86
Rentals by Property Type
Apartment
$1,125
Median DOM: 25
Inventory: 24
MoM: +4.2%
Condo
$1,095
Median DOM: 1
Inventory: 31
MoM: +4.2%
Single Family
$2,200
Median DOM: 7
Inventory: 20
MoM: +4.2%
Townhouse
$2,350
Median DOM: 10
Inventory: 11
MoM: +4.2%
Apartment
Avg/Median Rent$1,186 / $1,125Range$595 – $1,895Rent per Sq Ft$2 / $1Sq Ft740 / 738DOM72 / 25New2Total24
Condo
Avg/Median Rent$1,241 / $1,095Range$595 – $2,850Rent per Sq Ft$1 / $1Sq Ft935 / 872DOM3 / 1New12Total31
Single Family
Avg/Median Rent$2,157 / $2,200Range$900 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,533 / 1,440DOM17 / 7New3Total20
Townhouse
Avg/Median Rent$2,395 / $2,350Range$2,195 – $2,700Rent per Sq Ft$1 / $1Sq Ft1,917 / 1,704DOM18 / 10New1Total11
Rentals by Bedroom Count
Studio
Avg:$595Median:$595Range:$595 – $595PSF:$1 / $1Sq Ft:400 / 400DOM:10 / 14New:0Total:3
1 Beds
Avg:$1,062Median:$1,050Range:$675 – $1,874PSF:$1 / $1Sq Ft:823 / 700DOM:16 / 1New:9Total:31
2 Beds
Avg:$1,373Median:$1,200Range:$1,095 – $2,200PSF:$2 / $1Sq Ft:946 / 850DOM:52 / 1New:6Total:23
3 Beds
Avg:$2,287Median:$2,350Range:$1,675 – $2,700PSF:$1 / $2Sq Ft:1,612 / 1,524DOM:18 / 10New:2Total:23
4 Beds
Avg:$2,925Median:$2,850Range:$2,500 – $3,200PSF:$2 / $2Sq Ft:1,914 / 1,797DOM:15 / 1New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $595 | $595 | $595 – $595 | $1 / $1 | 400 / 400 | 10 / 14 | 0 | 3 |
| 1 Beds | $1,062 | $1,050 | $675 – $1,874 | $1 / $1 | 823 / 700 | 16 / 1 | 9 | 31 |
| 2 Beds | $1,373 | $1,200 | $1,095 – $2,200 | $2 / $1 | 946 / 850 | 52 / 1 | 6 | 23 |
| 3 Beds | $2,287 | $2,350 | $1,675 – $2,700 | $1 / $2 | 1,612 / 1,524 | 18 / 10 | 2 | 23 |
| 4 Beds | $2,925 | $2,850 | $2,500 – $3,200 | $2 / $2 | 1,914 / 1,797 | 15 / 1 | 1 | 6 |
6-Month Sales Trend
Feb 2026
Median Price:$378,990Median DOM:15New:32Total:89
Mar 2026
Median Price:$379,500Median DOM:17New:39Total:97
Apr 2026
Median Price:$377,990Median DOM:16New:34Total:102
May 2026
Median Price:$379,990Median DOM:11New:41Total:96
Jun 2026
Median Price:$375,000Median DOM:16New:23Total:96
Jul 2026
Median Price:$378,990Median DOM:16New:9Total:92
6-Month Rental Trend
Feb 2026
Median Rent:$1,295Median DOM:1New:43Total:76
Mar 2026
Median Rent:$1,295Median DOM:1New:45Total:87
Apr 2026
Median Rent:$1,200Median DOM:1New:51Total:94
May 2026
Median Rent:$1,195Median DOM:1New:44Total:96
Jun 2026
Median Rent:$1,200Median DOM:1New:46Total:89
Jul 2026
Median Rent:$1,250Median DOM:1New:18Total:86
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro