ZIP 23230 Housing Market Report
Richmond Metro
Report period: May 2026
23230 Monthly Market Update – May 2026
ZIP 23230 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,950
−4.8%
Median DOM (Sales)
13
+30.0%
New Listings (Sales)
5
−76.2%
Median Rent
$1,695
0.0%
Median DOM (Rental)
23
−41.0%
Total Rental Listings
59
+7.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (7 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$499,950
−4.8%
Median DOM
13
+30.0%
New Listings
5
−76.2%
Inventory
52
+8.3%
- Average Price: $504,996
- Median Price: $499,950
- Price Range: $179,000 – $1,250,000
- Price per Sq Ft (Avg/Median): $290 / $289
- Square Footage (Avg/Median): 1,788 / 1,572
- Square Footage Range: 470 – 3,990
- Days on Market (Avg/Median): 37 / 13
- Days on Market Range: 2 – 358
- New Listings: 5
- Total Listings: 52
Sales by Property Type
Condo
Avg/Median Price$424,472 / $459,990Range$179,000 – $607,879Price per Sq Ft$285 / $289Sq Ft1,550 / 1,517DOM47 / 22New3Total27
Single Family
Avg/Median Price$600,008 / $550,000Range$329,000 – $1,250,000Price per Sq Ft$295 / $304Sq Ft2,074 / 1,920DOM26 / 11New2Total23
Townhouse
Avg/Median Price$499,450 / $449,000Range$449,000 – $549,900Price per Sq Ft$291 / $289Sq Ft1,716 / 1,556DOM40 / 7New0Total2
Sales by Bedroom Count
1 Beds
Avg:$217,000Median:$214,000Range:$179,000 – $239,000PSF:$304 / $289Sq Ft:730 / 740DOM:10 / 4New:1Total:5
2 Beds
Avg:$398,808Median:$345,000Range:$304,000 – $599,950PSF:$302 / $303Sq Ft:1,348 / 1,295DOM:78 / 36New:1Total:11
3 Beds
Avg:$554,589Median:$549,900Range:$329,000 – $899,990PSF:$299 / $310Sq Ft:1,893 / 1,800DOM:29 / 13New:3Total:24
4 Beds
Avg:$566,163Median:$549,000Range:$340,000 – $1,047,000PSF:$249 / $241Sq Ft:2,281 / 2,470DOM:30 / 19New:0Total:11
5 Beds
Avg:$1,250,000Median:$1,250,000Range:$1,250,000 – $1,250,000PSF:$313 / $313Sq Ft:3,990 / 3,990DOM:11 / 11New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $217,000 | $214,000 | $179,000 – $239,000 | $304 / $289 | 730 / 740 | 10 / 4 | 1 | 5 |
| 2 Beds | $398,808 | $345,000 | $304,000 – $599,950 | $302 / $303 | 1,348 / 1,295 | 78 / 36 | 1 | 11 |
| 3 Beds | $554,589 | $549,900 | $329,000 – $899,990 | $299 / $310 | 1,893 / 1,800 | 29 / 13 | 3 | 24 |
| 4 Beds | $566,163 | $549,000 | $340,000 – $1,047,000 | $249 / $241 | 2,281 / 2,470 | 30 / 19 | 0 | 11 |
| 5 Beds | $1,250,000 | $1,250,000 | $1,250,000 – $1,250,000 | $313 / $313 | 3,990 / 3,990 | 11 / 11 | 0 | 1 |
Rental Market Overview
Median Rent
$1,695
0.0%
Median DOM
23
−41.0%
New Listings
12
Inventory
59
+7.3%
- Average Rent: $1,922
- Median Rent: $1,695
- Rent Range: $1,332 – $3,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 913 / 704
- Square Footage Range: 300 – 2,145
- Days on Market (Avg/Median): 63 / 23
- Days on Market Range: 1 – 325
- New Listings: 12
- Total Listings: 59
Rentals by Property Type
Apartment
$1,650
Median DOM: 61
Inventory: 44
MoM: 0.0%
Condo
$1,425
Median DOM: 1
Inventory: 3
MoM: 0.0%
Single Family
$2,395
Median DOM: 1
Inventory: 10
MoM: 0.0%
Townhouse
$2,875
Median DOM: 13
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,752 / $1,650Range$1,332 – $3,150Rent per Sq Ft$3 / $3Sq Ft722 / 645DOM90 / 61New1Total44
Condo
Avg/Median Rent$1,833 / $1,425Range$1,425 – $2,650Rent per Sq Ft$2 / $3Sq Ft857 / 521DOM4 / 1New2Total3
Single Family
Avg/Median Rent$2,484 / $2,395Range$1,600 – $3,700Rent per Sq Ft$2 / $2Sq Ft1,457 / 1,550DOM2 / 1New9Total10
Townhouse
Avg/Median Rent$2,988 / $2,875Range$2,875 – $3,100Rent per Sq Ft$2 / $2Sq Ft1,802 / 1,802DOM18 / 13New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,565Median:$1,530Range:$1,332 – $2,154PSF:$3 / $3Sq Ft:480 / 500DOM:144 / 118New:1Total:12
1 Beds
Avg:$1,601Median:$1,550Range:$1,390 – $2,395PSF:$3 / $3Sq Ft:606 / 587DOM:95 / 77New:2Total:16
2 Beds
Avg:$1,958Median:$1,875Range:$1,495 – $3,100PSF:$2 / $2Sq Ft:1,082 / 1,000DOM:36 / 22New:2Total:20
3 Beds
Avg:$2,740Median:$2,670Range:$1,650 – $3,700PSF:$2 / $2Sq Ft:1,425 / 1,531DOM:19 / 6New:3Total:6
4 Beds
Avg:$2,680Median:$2,700Range:$2,300 – $3,000PSF:$1 / $1Sq Ft:1,853 / 1,851DOM:3 / 1New:4Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,565 | $1,530 | $1,332 – $2,154 | $3 / $3 | 480 / 500 | 144 / 118 | 1 | 12 |
| 1 Beds | $1,601 | $1,550 | $1,390 – $2,395 | $3 / $3 | 606 / 587 | 95 / 77 | 2 | 16 |
| 2 Beds | $1,958 | $1,875 | $1,495 – $3,100 | $2 / $2 | 1,082 / 1,000 | 36 / 22 | 2 | 20 |
| 3 Beds | $2,740 | $2,670 | $1,650 – $3,700 | $2 / $2 | 1,425 / 1,531 | 19 / 6 | 3 | 6 |
| 4 Beds | $2,680 | $2,700 | $2,300 – $3,000 | $1 / $1 | 1,853 / 1,851 | 3 / 1 | 4 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$498,500Median DOM:71New:5Total:42
Jan 2026
Median Price:$459,000Median DOM:40New:19Total:49
Feb 2026
Median Price:$459,000Median DOM:43New:8Total:50
Mar 2026
Median Price:$477,330Median DOM:25New:18Total:45
Apr 2026
Median Price:$524,995Median DOM:10New:21Total:48
May 2026
Median Price:$499,950Median DOM:13New:5Total:52
6-Month Rental Trend
Dec 2025
Median Rent:$1,645Median DOM:36New:11Total:53
Jan 2026
Median Rent:$1,625Median DOM:27New:17Total:55
Feb 2026
Median Rent:$1,650Median DOM:31New:12Total:50
Mar 2026
Median Rent:$1,650Median DOM:37New:9Total:47
Apr 2026
Median Rent:$1,695Median DOM:39New:18Total:55
May 2026
Median Rent:$1,695Median DOM:23New:12Total:59
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower 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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