ZIP 23228 Housing Market Report
Richmond Metro
Report period: July 2026
23228 Monthly Market Update – July 2026
ZIP 23228 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$359,900
−0.0%
Median DOM (Sales)
14
+27.3%
New Listings (Sales)
12
−74.5%
Median Rent
$1,950
+5.4%
Median DOM (Rental)
16
+14.3%
Total Rental Listings
82
+2.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (9 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 4 Beds ($415,000 median)
Sales Market Overview
Median Price
$359,900
−0.0%
Median DOM
14
+27.3%
New Listings
12
−74.5%
Inventory
135
−2.2%
- Average Price: $350,929
- Median Price: $359,900
- Price Range: $150,000 – $600,000
- Price per Sq Ft (Avg/Median): $239 / $229
- Square Footage (Avg/Median): 1,522 / 1,452
- Square Footage Range: 711 – 2,824
- Days on Market (Avg/Median): 24 / 14
- Days on Market Range: 2 – 190
- New Listings: 12
- Total Listings: 135
Sales by Property Type
Condo
Avg/Median Price$235,655 / $209,950Range$150,000 – $389,950Price per Sq Ft$202 / $204Sq Ft1,202 / 1,058DOM34 / 23New1Total20
Land
Avg/Median Price$249,900 / $249,900Range$249,900 – $249,900Price per Sq Ft—Sq Ft—DOM—New0Total1
Single Family
Avg/Median Price$378,812 / $375,000Range$165,000 – $600,000Price per Sq Ft$255 / $250Sq Ft1,550 / 1,500DOM23 / 13New9Total92
Townhouse
Avg/Median Price$343,716 / $359,900Range$200,000 – $445,000Price per Sq Ft$206 / $195Sq Ft1,695 / 1,848DOM19 / 9New2Total22
Sales by Bedroom Count
1 Beds
Avg:$175,000Median:$175,000Range:$175,000 – $175,000PSF:$191 / $191Sq Ft:914 / 914DOM:24 / 24New:0Total:1
2 Beds
Avg:$259,730Median:$244,000Range:$186,000 – $420,000PSF:$252 / $230Sq Ft:1,060 / 920DOM:30 / 14New:2Total:18
3 Beds
Avg:$352,417Median:$360,000Range:$150,000 – $600,000PSF:$242 / $229Sq Ft:1,498 / 1,450DOM:21 / 12New:9Total:88
4 Beds
Avg:$415,855Median:$415,000Range:$250,000 – $599,950PSF:$228 / $233Sq Ft:1,884 / 1,832DOM:34 / 21New:0Total:21
5 Beds
Avg:$421,624Median:$385,993Range:$349,900 – $539,950PSF:$203 / $180Sq Ft:2,094 / 1,945DOM:18 / 18New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $175,000 | $175,000 | $175,000 – $175,000 | $191 / $191 | 914 / 914 | 24 / 24 | 0 | 1 |
| 2 Beds | $259,730 | $244,000 | $186,000 – $420,000 | $252 / $230 | 1,060 / 920 | 30 / 14 | 2 | 18 |
| 3 Beds | $352,417 | $360,000 | $150,000 – $600,000 | $242 / $229 | 1,498 / 1,450 | 21 / 12 | 9 | 88 |
| 4 Beds | $415,855 | $415,000 | $250,000 – $599,950 | $228 / $233 | 1,884 / 1,832 | 34 / 21 | 0 | 21 |
| 5 Beds | $421,624 | $385,993 | $349,900 – $539,950 | $203 / $180 | 2,094 / 1,945 | 18 / 18 | 1 | 6 |
Rental Market Overview
Median Rent
$1,950
+5.4%
Median DOM
16
+14.3%
New Listings
17
Inventory
82
+2.5%
- Average Rent: $2,004
- Median Rent: $1,950
- Rent Range: $950 – $3,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,320 / 1,268
- Square Footage Range: 510 – 3,031
- Days on Market (Avg/Median): 44 / 16
- Days on Market Range: 1 – 312
- New Listings: 17
- Total Listings: 82
Rentals by Property Type
Apartment
$1,275
Median DOM: 165
Inventory: 14
MoM: +5.4%
Condo
$1,750
Median DOM: 15
Inventory: 7
MoM: +5.4%
Single Family
$2,100
Median DOM: 8
Inventory: 36
MoM: +5.4%
Townhouse
$2,195
Median DOM: 25
Inventory: 25
MoM: +5.4%
Apartment
Avg/Median Rent$1,350 / $1,275Range$1,095 – $1,800Rent per Sq Ft$2 / $2Sq Ft775 / 772DOM163 / 165New0Total14
Condo
Avg/Median Rent$1,919 / $1,750Range$950 – $3,950Rent per Sq Ft$2 / $2Sq Ft1,027 / 912DOM17 / 15New3Total7
Single Family
Avg/Median Rent$2,171 / $2,100Range$1,375 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,406 / 1,302DOM18 / 8New11Total36
Townhouse
Avg/Median Rent$2,155 / $2,195Range$1,420 – $2,800Rent per Sq Ft$1 / $1Sq Ft1,576 / 1,440DOM50 / 25New3Total25
Rentals by Bedroom Count
1 Beds
Avg:$1,355Median:$1,353Range:$1,165 – $1,574PSF:$2 / $2Sq Ft:719 / 700DOM:209 / 218New:0Total:11
2 Beds
Avg:$1,717Median:$1,750Range:$950 – $3,950PSF:$2 / $2Sq Ft:989 / 912DOM:41 / 22New:4Total:24
3 Beds
Avg:$2,237Median:$2,200Range:$1,650 – $2,849PSF:$1 / $2Sq Ft:1,605 / 1,450DOM:25 / 14New:10Total:39
4 Beds
Avg:$2,542Median:$2,395Range:$2,200 – $2,995PSF:$2 / $2Sq Ft:1,603 / 1,674DOM:10 / 1New:3Total:7
5 Beds
Avg:$3,200Median:$3,200Range:$3,200 – $3,200PSF:$1 / $1Sq Ft:3,031 / 3,031DOM:8 / 8New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,355 | $1,353 | $1,165 – $1,574 | $2 / $2 | 719 / 700 | 209 / 218 | 0 | 11 |
| 2 Beds | $1,717 | $1,750 | $950 – $3,950 | $2 / $2 | 989 / 912 | 41 / 22 | 4 | 24 |
| 3 Beds | $2,237 | $2,200 | $1,650 – $2,849 | $1 / $2 | 1,605 / 1,450 | 25 / 14 | 10 | 39 |
| 4 Beds | $2,542 | $2,395 | $2,200 – $2,995 | $2 / $2 | 1,603 / 1,674 | 10 / 1 | 3 | 7 |
| 5 Beds | $3,200 | $3,200 | $3,200 – $3,200 | $1 / $1 | 3,031 / 3,031 | 8 / 8 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$339,950Median DOM:16New:33Total:108
Mar 2026
Median Price:$349,000Median DOM:15New:31Total:98
Apr 2026
Median Price:$329,990Median DOM:7New:37Total:100
May 2026
Median Price:$350,000Median DOM:8New:60Total:124
Jun 2026
Median Price:$360,000Median DOM:11New:47Total:138
Jul 2026
Median Price:$359,900Median DOM:14New:12Total:135
6-Month Rental Trend
Feb 2026
Median Rent:$1,895Median DOM:12New:27Total:78
Mar 2026
Median Rent:$1,900Median DOM:15New:23Total:70
Apr 2026
Median Rent:$1,950Median DOM:11New:25Total:74
May 2026
Median Rent:$1,850Median DOM:23New:18Total:71
Jun 2026
Median Rent:$1,850Median DOM:14New:35Total:80
Jul 2026
Median Rent:$1,950Median DOM:16New:17Total:82
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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