ZIP 23230 Housing Market Report
Richmond Metro
Report period: August 2026
23230 Monthly Market Update – August 2026
ZIP 23230 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$429,000
+0.9%
Median DOM (Sales)
25
−19.4%
New Listings (Sales)
3
−80.0%
Median Rent
$1,825
0.0%
Median DOM (Rental)
42
+31.3%
Total Rental Listings
58
−1.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (16 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 4 Beds ($584,895 median)
Sales Market Overview
Median Price
$429,000
+0.9%
Median DOM
25
−19.4%
New Listings
3
−80.0%
Inventory
49
+4.3%
- Average Price: $449,191
- Median Price: $429,000
- Price Range: $69,950 – $959,000
- Price per Sq Ft (Avg/Median): $299 / $279
- Square Footage (Avg/Median): 1,597 / 1,517
- Square Footage Range: 470 – 3,442
- Days on Market (Avg/Median): 38 / 25
- Days on Market Range: 2 – 100
- New Listings: 3
- Total Listings: 49
Sales by Property Type
Condo
Avg/Median Price$411,367 / $410,000Range$195,000 – $675,000Price per Sq Ft$276 / $273Sq Ft1,546 / 1,517DOM43 / 41New0Total27
Land
Avg/Median Price$84,950 / $69,950Range$69,950 – $99,950Price per Sq Ft—Sq Ft—DOM23 / 23New0Total2
Single Family
Avg/Median Price$538,668 / $449,900Range$319,950 – $959,000Price per Sq Ft$324 / $315Sq Ft1,689 / 1,642DOM38 / 25New2Total16
Townhouse
Avg/Median Price$528,712 / $484,900Range$479,950 – $625,000Price per Sq Ft$356 / $308Sq Ft1,569 / 1,232DOM21 / 16New1Total4
Sales by Bedroom Count
1 Beds
Avg:$221,590Median:$225,000Range:$195,000 – $244,950PSF:$296 / $274Sq Ft:782 / 820DOM:46 / 50New:0Total:5
2 Beds
Avg:$383,945Median:$345,000Range:$298,500 – $525,000PSF:$307 / $296Sq Ft:1,261 / 1,232DOM:41 / 41New:0Total:13
3 Beds
Avg:$512,919Median:$496,155Range:$319,950 – $715,000PSF:$310 / $309Sq Ft:1,704 / 1,628DOM:31 / 25New:3Total:21
4 Beds
Avg:$621,239Median:$584,895Range:$375,000 – $959,000PSF:$261 / $239Sq Ft:2,369 / 2,470DOM:52 / 31New:0Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $221,590 | $225,000 | $195,000 – $244,950 | $296 / $274 | 782 / 820 | 46 / 50 | 0 | 5 |
| 2 Beds | $383,945 | $345,000 | $298,500 – $525,000 | $307 / $296 | 1,261 / 1,232 | 41 / 41 | 0 | 13 |
| 3 Beds | $512,919 | $496,155 | $319,950 – $715,000 | $310 / $309 | 1,704 / 1,628 | 31 / 25 | 3 | 21 |
| 4 Beds | $621,239 | $584,895 | $375,000 – $959,000 | $261 / $239 | 2,369 / 2,470 | 52 / 31 | 0 | 8 |
Rental Market Overview
Median Rent
$1,825
0.0%
Median DOM
42
+31.3%
New Listings
8
Inventory
58
−1.7%
- Average Rent: $2,015
- Median Rent: $1,825
- Rent Range: $1,349 – $3,700
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 956 / 775
- Square Footage Range: 300 – 2,068
- Days on Market (Avg/Median): 83 / 42
- Days on Market Range: 1 – 333
- New Listings: 8
- Total Listings: 58
Rentals by Property Type
Apartment
$1,600
Median DOM: 141
Inventory: 37
MoM: 0.0%
Condo
$1,749
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
$2,350
Median DOM: 1
Inventory: 16
MoM: 0.0%
Townhouse
$2,700
Median DOM: 13
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,716 / $1,600Range$1,349 – $3,100Rent per Sq Ft$3 / $3Sq Ft656 / 603DOM143 / 141New2Total37
Condo
Avg/Median Rent$2,200 / $1,749Range$1,749 – $2,650Rent per Sq Ft$2 / $2Sq Ft1,197 / 864DOM25 / 1New1Total2
Single Family
Avg/Median Rent$2,525 / $2,350Range$1,825 – $3,700Rent per Sq Ft$2 / $2Sq Ft1,431 / 1,242DOM13 / 1New5Total16
Townhouse
Avg/Median Rent$2,858 / $2,700Range$2,575 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,549 / 1,556DOM27 / 13New0Total3
Rentals by Bedroom Count
Studio
Avg:$1,678Median:$1,593Range:$1,349 – $2,321PSF:$4 / $3Sq Ft:475 / 477DOM:148 / 1New:2Total:10
1 Beds
Avg:$1,604Median:$1,549Range:$1,365 – $2,395PSF:$3 / $2Sq Ft:620 / 641DOM:176 / 169New:0Total:16
2 Beds
Avg:$1,861Median:$1,829Range:$1,495 – $2,650PSF:$2 / $2Sq Ft:1,087 / 865DOM:69 / 29New:2Total:14
3 Beds
Avg:$2,650Median:$2,500Range:$1,980 – $3,700PSF:$2 / $2Sq Ft:1,346 / 1,242DOM:20 / 12New:3Total:14
4 Beds
Avg:$2,750Median:$2,700Range:$2,350 – $3,200PSF:$2 / $2Sq Ft:1,774 / 1,689DOM:6 / 1New:0Total:3
5 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$2 / $2Sq Ft:1,896 / 1,896DOM:6 / 6New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,678 | $1,593 | $1,349 – $2,321 | $4 / $3 | 475 / 477 | 148 / 1 | 2 | 10 |
| 1 Beds | $1,604 | $1,549 | $1,365 – $2,395 | $3 / $2 | 620 / 641 | 176 / 169 | 0 | 16 |
| 2 Beds | $1,861 | $1,829 | $1,495 – $2,650 | $2 / $2 | 1,087 / 865 | 69 / 29 | 2 | 14 |
| 3 Beds | $2,650 | $2,500 | $1,980 – $3,700 | $2 / $2 | 1,346 / 1,242 | 20 / 12 | 3 | 14 |
| 4 Beds | $2,750 | $2,700 | $2,350 – $3,200 | $2 / $2 | 1,774 / 1,689 | 6 / 1 | 0 | 3 |
| 5 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $2 / $2 | 1,896 / 1,896 | 6 / 6 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$477,330Median DOM:25New:18Total:45
Apr 2026
Median Price:$524,995Median DOM:10New:21Total:48
May 2026
Median Price:$478,830Median DOM:11New:26Total:63
Jun 2026
Median Price:$459,950Median DOM:20New:16Total:58
Jul 2026
Median Price:$425,000Median DOM:31New:15Total:47
Aug 2026
Median Price:$429,000Median DOM:25New:3Total:49
6-Month Rental Trend
Mar 2026
Median Rent:$1,650Median DOM:37New:9Total:47
Apr 2026
Median Rent:$1,695Median DOM:39New:18Total:55
May 2026
Median Rent:$1,696Median DOM:24New:20Total:63
Jun 2026
Median Rent:$1,726Median DOM:20New:18Total:66
Jul 2026
Median Rent:$1,825Median DOM:32New:12Total:59
Aug 2026
Median Rent:$1,825Median DOM:42New:8Total:58
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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