ZIP 23231 Housing Market Report
Richmond Metro
Report period: July 2026
23231 Monthly Market Update – July 2026
ZIP 23231 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$367,900
−0.6%
Median DOM (Sales)
23
−4.2%
New Listings (Sales)
23
−46.5%
Median Rent
$1,544
+1.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
84
+3.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (16 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($499,000 median)
Sales Market Overview
Median Price
$367,900
−0.6%
Median DOM
23
−4.2%
New Listings
23
−46.5%
Inventory
167
+1.2%
- Average Price: $390,445
- Median Price: $367,900
- Price Range: $15,000 – $2,500,000
- Price per Sq Ft (Avg/Median): $239 / $238
- Square Footage (Avg/Median): 1,789 / 1,688
- Square Footage Range: 720 – 6,722
- Days on Market (Avg/Median): 51 / 23
- Days on Market Range: 1 – 356
- New Listings: 23
- Total Listings: 167
Sales by Property Type
Condo
Avg/Median Price$462,738 / $424,950Range$275,000 – $865,000Price per Sq Ft$296 / $279Sq Ft1,627 / 1,718DOM66 / 57New3Total20
Land
Avg/Median Price$138,091 / $94,950Range$15,000 – $700,000Price per Sq Ft—Sq Ft—DOM140 / 142New1Total16
Single Family
Avg/Median Price$399,851 / $360,000Range$164,900 – $2,500,000Price per Sq Ft$227 / $228Sq Ft1,799 / 1,617DOM42 / 18New17Total119
Townhouse
Avg/Median Price$513,150 / $568,900Range$299,950 – $670,000Price per Sq Ft$259 / $265Sq Ft1,960 / 2,032DOM46 / 16New2Total12
Sales by Bedroom Count
1 Beds
Avg:$318,150Median:$293,000Range:$275,000 – $400,000PSF:$343 / $344Sq Ft:950 / 830DOM:60 / 24New:1Total:6
2 Beds
Avg:$380,406Median:$378,500Range:$164,900 – $865,000PSF:$266 / $273Sq Ft:1,408 / 1,406DOM:39 / 24New:6Total:23
3 Beds
Avg:$378,668Median:$349,900Range:$219,950 – $635,000PSF:$240 / $243Sq Ft:1,609 / 1,531DOM:44 / 18New:9Total:78
4 Beds
Avg:$467,799Median:$415,564Range:$249,000 – $969,000PSF:$208 / $203Sq Ft:2,240 / 2,080DOM:47 / 21New:4Total:35
5 Beds
Avg:$791,807Median:$499,000Range:$385,000 – $2,500,000PSF:$218 / $191Sq Ft:3,235 / 2,614DOM:56 / 58New:2Total:7
6 Beds
Avg:$442,450Median:$409,900Range:$409,900 – $475,000PSF:$162 / $155Sq Ft:2,738 / 2,420DOM:64 / 13New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $318,150 | $293,000 | $275,000 – $400,000 | $343 / $344 | 950 / 830 | 60 / 24 | 1 | 6 |
| 2 Beds | $380,406 | $378,500 | $164,900 – $865,000 | $266 / $273 | 1,408 / 1,406 | 39 / 24 | 6 | 23 |
| 3 Beds | $378,668 | $349,900 | $219,950 – $635,000 | $240 / $243 | 1,609 / 1,531 | 44 / 18 | 9 | 78 |
| 4 Beds | $467,799 | $415,564 | $249,000 – $969,000 | $208 / $203 | 2,240 / 2,080 | 47 / 21 | 4 | 35 |
| 5 Beds | $791,807 | $499,000 | $385,000 – $2,500,000 | $218 / $191 | 3,235 / 2,614 | 56 / 58 | 2 | 7 |
| 6 Beds | $442,450 | $409,900 | $409,900 – $475,000 | $162 / $155 | 2,738 / 2,420 | 64 / 13 | 0 | 2 |
Rental Market Overview
Median Rent
$1,544
+1.3%
Median DOM
1
0.0%
New Listings
33
Inventory
84
+3.7%
- Average Rent: $1,667
- Median Rent: $1,544
- Rent Range: $995 – $3,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,082 / 900
- Square Footage Range: 450 – 3,200
- Days on Market (Avg/Median): 21 / 1
- Days on Market Range: 1 – 352
- New Listings: 33
- Total Listings: 84
Rentals by Property Type
Apartment
$1,440
Median DOM: 85
Inventory: 8
MoM: +1.3%
Condo
$1,095
Median DOM: 1
Inventory: 25
MoM: +1.3%
Single Family
$1,850
Median DOM: 1
Inventory: 39
MoM: +1.3%
Townhouse
$1,295
Median DOM: 1
Inventory: 12
MoM: +1.3%
Apartment
Avg/Median Rent$1,400 / $1,440Range$1,050 – $1,613Rent per Sq Ft$2 / $2Sq Ft792 / 735DOM169 / 85New0Total8
Condo
Avg/Median Rent$1,165 / $1,095Range$995 – $1,950Rent per Sq Ft$2 / $2Sq Ft702 / 600DOM1 / 1New13Total25
Single Family
Avg/Median Rent$2,000 / $1,850Range$1,200 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,260 / 1,056DOM22 / 1New14Total39
Townhouse
Avg/Median Rent$1,810 / $1,295Range$995 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,302 / 900DOM8 / 1New6Total12
Rentals by Bedroom Count
1 Beds
Avg:$1,393Median:$1,440Range:$995 – $1,950PSF:$2 / $2Sq Ft:763 / 650DOM:55 / 1New:1Total:7
2 Beds
Avg:$1,375Median:$1,200Range:$995 – $3,000PSF:$2 / $2Sq Ft:886 / 850DOM:16 / 1New:21Total:47
3 Beds
Avg:$2,114Median:$1,995Range:$1,595 – $3,995PSF:$2 / $2Sq Ft:1,349 / 1,144DOM:23 / 1New:11Total:27
4 Beds
Avg:$2,650Median:$2,100Range:$2,100 – $3,200PSF:$1 / $1Sq Ft:1,780 / 1,560DOM:51 / 16New:0Total:2
5 Beds
Avg:$3,300Median:$3,300Range:$3,300 – $3,300PSF:$2 / $2Sq Ft:1,920 / 1,920DOM:54 / 54New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,393 | $1,440 | $995 – $1,950 | $2 / $2 | 763 / 650 | 55 / 1 | 1 | 7 |
| 2 Beds | $1,375 | $1,200 | $995 – $3,000 | $2 / $2 | 886 / 850 | 16 / 1 | 21 | 47 |
| 3 Beds | $2,114 | $1,995 | $1,595 – $3,995 | $2 / $2 | 1,349 / 1,144 | 23 / 1 | 11 | 27 |
| 4 Beds | $2,650 | $2,100 | $2,100 – $3,200 | $1 / $1 | 1,780 / 1,560 | 51 / 16 | 0 | 2 |
| 5 Beds | $3,300 | $3,300 | $3,300 – $3,300 | $2 / $2 | 1,920 / 1,920 | 54 / 54 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$349,900Median DOM:40New:39Total:160
Mar 2026
Median Price:$367,900Median DOM:20New:71Total:184
Apr 2026
Median Price:$349,950Median DOM:16New:58Total:193
May 2026
Median Price:$359,950Median DOM:19New:48Total:183
Jun 2026
Median Price:$369,950Median DOM:24New:43Total:165
Jul 2026
Median Price:$367,900Median DOM:23New:23Total:167
6-Month Rental Trend
Feb 2026
Median Rent:$1,650Median DOM:1New:44Total:102
Mar 2026
Median Rent:$1,501Median DOM:1New:44Total:79
Apr 2026
Median Rent:$1,495Median DOM:1New:49Total:86
May 2026
Median Rent:$1,495Median DOM:1New:42Total:83
Jun 2026
Median Rent:$1,524Median DOM:1New:42Total:81
Jul 2026
Median Rent:$1,544Median DOM:1New:33Total:84
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro