ZIP 23229 Housing Market Report
Richmond Metro
Report period: July 2026
23229 Monthly Market Update – July 2026
ZIP 23229 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$530,000
−5.4%
Median DOM (Sales)
11
+22.2%
New Listings (Sales)
15
−72.7%
Median Rent
$2,495
+4.2%
Median DOM (Rental)
5
0.0%
Total Rental Listings
35
−2.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (10 DOM)
- Fastest renting: Single Family (2 DOM)
- Strongest bedroom: 7 Beds ($2,285,000 median)
Sales Market Overview
Median Price
$530,000
−5.4%
Median DOM
11
+22.2%
New Listings
15
−72.7%
Inventory
135
−10.6%
- Average Price: $767,301
- Median Price: $530,000
- Price Range: $150,000 – $5,995,000
- Price per Sq Ft (Avg/Median): $289 / $295
- Square Footage (Avg/Median): 2,570 / 2,228
- Square Footage Range: 827 – 12,578
- Days on Market (Avg/Median): 19 / 11
- Days on Market Range: 2 – 175
- New Listings: 15
- Total Listings: 135
Sales by Property Type
Condo
Avg/Median Price$465,738 / $365,000Range$245,000 – $749,000Price per Sq Ft$272 / $257Sq Ft1,705 / 1,423DOM32 / 16New1Total8
Single Family
Avg/Median Price$791,508 / $529,950Range$150,000 – $5,995,000Price per Sq Ft$290 / $295Sq Ft2,637 / 2,228DOM17 / 10New14Total120
Townhouse
Avg/Median Price$696,971 / $599,900Range$415,000 – $1,075,000Price per Sq Ft$283 / $306Sq Ft2,404 / 1,960DOM25 / 23New0Total7
Sales by Bedroom Count
2 Beds
Avg:$376,106Median:$337,000Range:$245,000 – $749,000PSF:$301 / $306Sq Ft:1,260 / 1,000DOM:14 / 8New:1Total:8
3 Beds
Avg:$478,085Median:$425,000Range:$150,000 – $919,000PSF:$290 / $295Sq Ft:1,672 / 1,526DOM:21 / 9New:9Total:58
4 Beds
Avg:$757,636Median:$700,000Range:$354,500 – $1,650,000PSF:$272 / $288Sq Ft:2,725 / 2,632DOM:16 / 12New:3Total:48
5 Beds
Avg:$1,329,708Median:$1,250,000Range:$899,000 – $2,495,000PSF:$324 / $328Sq Ft:4,110 / 3,810DOM:15 / 15New:1Total:12
6 Beds
Avg:$2,279,981Median:$1,825,000Range:$634,900 – $5,995,000PSF:$307 / $288Sq Ft:6,720 / 5,101DOM:25 / 12New:1Total:8
7 Beds
Avg:$2,285,000Median:$2,285,000Range:$2,285,000 – $2,285,000PSF:$380 / $380Sq Ft:6,006 / 6,006DOM:49 / 49New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $376,106 | $337,000 | $245,000 – $749,000 | $301 / $306 | 1,260 / 1,000 | 14 / 8 | 1 | 8 |
| 3 Beds | $478,085 | $425,000 | $150,000 – $919,000 | $290 / $295 | 1,672 / 1,526 | 21 / 9 | 9 | 58 |
| 4 Beds | $757,636 | $700,000 | $354,500 – $1,650,000 | $272 / $288 | 2,725 / 2,632 | 16 / 12 | 3 | 48 |
| 5 Beds | $1,329,708 | $1,250,000 | $899,000 – $2,495,000 | $324 / $328 | 4,110 / 3,810 | 15 / 15 | 1 | 12 |
| 6 Beds | $2,279,981 | $1,825,000 | $634,900 – $5,995,000 | $307 / $288 | 6,720 / 5,101 | 25 / 12 | 1 | 8 |
| 7 Beds | $2,285,000 | $2,285,000 | $2,285,000 – $2,285,000 | $380 / $380 | 6,006 / 6,006 | 49 / 49 | 0 | 1 |
Rental Market Overview
Median Rent
$2,495
+4.2%
Median DOM
5
0.0%
New Listings
4
Inventory
35
−2.8%
- Average Rent: $2,563
- Median Rent: $2,495
- Rent Range: $1,113 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,701 / 1,508
- Square Footage Range: 480 – 4,453
- Days on Market (Avg/Median): 18 / 5
- Days on Market Range: 1 – 74
- New Listings: 4
- Total Listings: 35
Rentals by Property Type
Apartment
$1,298
Median DOM: —
Inventory: 3
MoM: +4.2%
Condo
$3,095
Median DOM: 28
Inventory: 1
MoM: +4.2%
Single Family
$2,495
Median DOM: 2
Inventory: 30
MoM: +4.2%
Townhouse
$2,300
Median DOM: 68
Inventory: 1
MoM: +4.2%
Apartment
Avg/Median Rent$1,239 / $1,298Range$1,113 – $1,305Rent per Sq Ft$2 / $2Sq Ft593 / 650DOM—New0Total3
Condo
Avg/Median Rent$3,095 / $3,095Range$3,095 – $3,095Rent per Sq Ft$1 / $1Sq Ft2,400 / 2,400DOM28 / 28New0Total1
Single Family
Avg/Median Rent$2,686 / $2,495Range$1,995 – $5,995Rent per Sq Ft$2 / $2Sq Ft1,802 / 1,550DOM16 / 2New4Total30
Townhouse
Avg/Median Rent$2,300 / $2,300Range$2,300 – $2,300Rent per Sq Ft$2 / $2Sq Ft1,295 / 1,295DOM68 / 68New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,239Median:$1,298Range:$1,113 – $1,305PSF:$2 / $2Sq Ft:593 / 650DOM:—New:0Total:3
2 Beds
Avg:$3,095Median:$3,095Range:$3,095 – $3,095PSF:$1 / $1Sq Ft:2,400 / 2,400DOM:28 / 28New:0Total:1
3 Beds
Avg:$2,392Median:$2,300Range:$1,995 – $3,600PSF:$2 / $2Sq Ft:1,341 / 1,295DOM:19 / 5New:3Total:16
4 Beds
Avg:$2,886Median:$2,500Range:$2,100 – $5,995PSF:$1 / $1Sq Ft:2,058 / 1,602DOM:18 / 12New:1Total:12
5 Beds
Avg:$3,333Median:$3,500Range:$3,000 – $3,500PSF:$1 / $1Sq Ft:3,062 / 3,618DOM:11 / 1New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,239 | $1,298 | $1,113 – $1,305 | $2 / $2 | 593 / 650 | — | 0 | 3 |
| 2 Beds | $3,095 | $3,095 | $3,095 – $3,095 | $1 / $1 | 2,400 / 2,400 | 28 / 28 | 0 | 1 |
| 3 Beds | $2,392 | $2,300 | $1,995 – $3,600 | $2 / $2 | 1,341 / 1,295 | 19 / 5 | 3 | 16 |
| 4 Beds | $2,886 | $2,500 | $2,100 – $5,995 | $1 / $1 | 2,058 / 1,602 | 18 / 12 | 1 | 12 |
| 5 Beds | $3,333 | $3,500 | $3,000 – $3,500 | $1 / $1 | 3,062 / 3,618 | 11 / 1 | 0 | 3 |
6-Month Sales Trend
Feb 2026
Median Price:$450,000Median DOM:9New:23Total:62
Mar 2026
Median Price:$469,900Median DOM:7New:49Total:89
Apr 2026
Median Price:$525,000Median DOM:7New:62Total:126
May 2026
Median Price:$589,000Median DOM:8New:66Total:151
Jun 2026
Median Price:$560,000Median DOM:9New:55Total:151
Jul 2026
Median Price:$530,000Median DOM:11New:15Total:135
6-Month Rental Trend
Feb 2026
Median Rent:$2,200Median DOM:2New:13Total:26
Mar 2026
Median Rent:$2,295Median DOM:1New:9Total:22
Apr 2026
Median Rent:$2,300Median DOM:1New:14Total:28
May 2026
Median Rent:$2,400Median DOM:1New:14Total:28
Jun 2026
Median Rent:$2,395Median DOM:5New:17Total:36
Jul 2026
Median Rent:$2,495Median DOM:5New:4Total:35
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 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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