ZIP 23233 Housing Market Report
Richmond Metro
Report period: May 2026
23233 Monthly Market Update – May 2026
ZIP 23233 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$539,950
−1.6%
Median DOM (Sales)
11
0.0%
New Listings (Sales)
19
−67.2%
Median Rent
$2,500
−2.0%
Median DOM (Rental)
14
0.0%
Total Rental Listings
45
+7.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (6 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,150,000 median)
Sales Market Overview
Median Price
$539,950
−1.6%
Median DOM
11
0.0%
New Listings
19
−67.2%
Inventory
157
+9.0%
- Average Price: $628,658
- Median Price: $539,950
- Price Range: $214,950 – $2,349,950
- Price per Sq Ft (Avg/Median): $254 / $253
- Square Footage (Avg/Median): 2,457 / 2,308
- Square Footage Range: 850 – 6,944
- Days on Market (Avg/Median): 27 / 11
- Days on Market Range: 2 – 279
- New Listings: 19
- Total Listings: 157
Sales by Property Type
Condo
Avg/Median Price$450,587 / $439,330Range$214,950 – $779,999Price per Sq Ft$238 / $248Sq Ft1,954 / 1,585DOM20 / 14New7Total33
Single Family
Avg/Median Price$740,430 / $600,000Range$369,950 – $2,349,950Price per Sq Ft$262 / $256Sq Ft2,800 / 2,536DOM19 / 6New10Total79
Townhouse
Avg/Median Price$563,023 / $545,310Range$269,950 – $1,049,000Price per Sq Ft$251 / $254Sq Ft2,224 / 2,176DOM47 / 24New2Total45
Sales by Bedroom Count
1 Beds
Avg:$214,950Median:$214,950Range:$214,950 – $214,950PSF:$253 / $253Sq Ft:850 / 850DOM:17 / 17New:0Total:1
2 Beds
Avg:$350,350Median:$335,000Range:$245,000 – $529,000PSF:$260 / $255Sq Ft:1,350 / 1,476DOM:17 / 6New:3Total:14
3 Beds
Avg:$488,072Median:$465,000Range:$324,950 – $999,950PSF:$247 / $254Sq Ft:2,007 / 1,934DOM:28 / 15New:8Total:55
4 Beds
Avg:$637,494Median:$585,000Range:$369,950 – $2,034,950PSF:$257 / $255Sq Ft:2,451 / 2,430DOM:29 / 10New:3Total:57
5 Beds
Avg:$993,207Median:$800,000Range:$539,950 – $2,349,950PSF:$260 / $241Sq Ft:3,751 / 3,369DOM:31 / 6New:3Total:26
6 Beds
Avg:$1,143,750Median:$1,150,000Range:$1,075,000 – $1,175,000PSF:$248 / $249Sq Ft:4,622 / 4,534DOM:11 / 6New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $214,950 | $214,950 | $214,950 – $214,950 | $253 / $253 | 850 / 850 | 17 / 17 | 0 | 1 |
| 2 Beds | $350,350 | $335,000 | $245,000 – $529,000 | $260 / $255 | 1,350 / 1,476 | 17 / 6 | 3 | 14 |
| 3 Beds | $488,072 | $465,000 | $324,950 – $999,950 | $247 / $254 | 2,007 / 1,934 | 28 / 15 | 8 | 55 |
| 4 Beds | $637,494 | $585,000 | $369,950 – $2,034,950 | $257 / $255 | 2,451 / 2,430 | 29 / 10 | 3 | 57 |
| 5 Beds | $993,207 | $800,000 | $539,950 – $2,349,950 | $260 / $241 | 3,751 / 3,369 | 31 / 6 | 3 | 26 |
| 6 Beds | $1,143,750 | $1,150,000 | $1,075,000 – $1,175,000 | $248 / $249 | 4,622 / 4,534 | 11 / 6 | 2 | 4 |
Rental Market Overview
Median Rent
$2,500
−2.0%
Median DOM
14
0.0%
New Listings
7
Inventory
45
+7.1%
- Average Rent: $2,427
- Median Rent: $2,500
- Rent Range: $1,395 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,704 / 1,696
- Square Footage Range: 562 – 3,033
- Days on Market (Avg/Median): 28 / 14
- Days on Market Range: 1 – 363
- New Listings: 7
- Total Listings: 45
Rentals by Property Type
Apartment
$1,600
Median DOM: 61
Inventory: 11
MoM: −2.0%
Condo
$2,400
Median DOM: 1
Inventory: 3
MoM: −2.0%
Single Family
$2,650
Median DOM: 12
Inventory: 17
MoM: −2.0%
Townhouse
$2,700
Median DOM: 18
Inventory: 14
MoM: −2.0%
Apartment
Avg/Median Rent$1,728 / $1,600Range$1,395 – $2,606Rent per Sq Ft$2 / $2Sq Ft798 / 704DOM212 / 61New0Total11
Condo
Avg/Median Rent$2,400 / $2,400Range$2,000 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,683 / 1,570DOM8 / 1New2Total3
Single Family
Avg/Median Rent$2,638 / $2,650Range$2,045 – $3,500Rent per Sq Ft$1 / $1Sq Ft2,005 / 2,016DOM15 / 12New5Total17
Townhouse
Avg/Median Rent$2,725 / $2,700Range$1,650 – $3,500Rent per Sq Ft$1 / $1Sq Ft2,054 / 2,206DOM19 / 18New0Total14
Rentals by Bedroom Count
1 Beds
Avg:$1,589Median:$1,577Range:$1,395 – $1,858PSF:$2 / $2Sq Ft:702 / 700DOM:212 / 61New:0Total:9
2 Beds
Avg:$2,117Median:$2,000Range:$1,650 – $2,606PSF:$2 / $2Sq Ft:1,258 / 1,083DOM:4 / 1New:3Total:6
3 Beds
Avg:$2,624Median:$2,650Range:$2,100 – $3,500PSF:$1 / $1Sq Ft:2,016 / 2,080DOM:15 / 12New:3Total:20
4 Beds
Avg:$2,972Median:$2,900Range:$2,300 – $3,500PSF:$1 / $1Sq Ft:2,247 / 2,153DOM:23 / 18New:1Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,589 | $1,577 | $1,395 – $1,858 | $2 / $2 | 702 / 700 | 212 / 61 | 0 | 9 |
| 2 Beds | $2,117 | $2,000 | $1,650 – $2,606 | $2 / $2 | 1,258 / 1,083 | 4 / 1 | 3 | 6 |
| 3 Beds | $2,624 | $2,650 | $2,100 – $3,500 | $1 / $1 | 2,016 / 2,080 | 15 / 12 | 3 | 20 |
| 4 Beds | $2,972 | $2,900 | $2,300 – $3,500 | $1 / $1 | 2,247 / 2,153 | 23 / 18 | 1 | 10 |
6-Month Sales Trend
Dec 2025
Median Price:$509,500Median DOM:43New:18Total:103
Jan 2026
Median Price:$530,585Median DOM:35New:33Total:99
Feb 2026
Median Price:$540,000Median DOM:31New:34Total:101
Mar 2026
Median Price:$545,310Median DOM:13New:50Total:121
Apr 2026
Median Price:$549,000Median DOM:11New:58Total:144
May 2026
Median Price:$539,950Median DOM:11New:19Total:157
6-Month Rental Trend
Dec 2025
Median Rent:$2,450Median DOM:15New:14Total:42
Jan 2026
Median Rent:$2,500Median DOM:14New:10Total:40
Feb 2026
Median Rent:$2,500Median DOM:20New:6Total:34
Mar 2026
Median Rent:$2,500Median DOM:21New:10Total:35
Apr 2026
Median Rent:$2,550Median DOM:14New:21Total:42
May 2026
Median Rent:$2,500Median DOM:14New:7Total:45
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing eased, 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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