ZIP 23233 Housing Market Report
Richmond Metro
Report period: August 2026
23233 Monthly Market Update – August 2026
ZIP 23233 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$529,950
+0.9%
Median DOM (Sales)
22
0.0%
New Listings (Sales)
22
−53.2%
Median Rent
$2,400
0.0%
Median DOM (Rental)
14
+27.3%
Total Rental Listings
55
+3.8%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (17 DOM)
- Fastest renting: Single Family (6 DOM)
- Strongest bedroom: 6 Beds ($1,050,000 median)
Sales Market Overview
Median Price
$529,950
+0.9%
Median DOM
22
0.0%
New Listings
22
−53.2%
Inventory
157
−0.6%
- Average Price: $616,724
- Median Price: $529,950
- Price Range: $60,000 – $1,725,000
- Price per Sq Ft (Avg/Median): $250 / $249
- Square Footage (Avg/Median): 2,440 / 2,283
- Square Footage Range: 1,112 – 5,587
- Days on Market (Avg/Median): 33 / 22
- Days on Market Range: 2 – 145
- New Listings: 22
- Total Listings: 157
Sales by Property Type
Condo
Avg/Median Price$461,073 / $433,085Range$279,900 – $749,000Price per Sq Ft$238 / $248Sq Ft1,992 / 1,585DOM44 / 35New4Total29
Single Family
Avg/Median Price$679,782 / $585,000Range$60,000 – $1,725,000Price per Sq Ft$254 / $253Sq Ft2,682 / 2,518DOM29 / 17New13Total90
Townhouse
Avg/Median Price$586,161 / $490,000Range$234,950 – $1,495,000Price per Sq Ft$252 / $237Sq Ft2,216 / 2,097DOM33 / 24New5Total38
Sales by Bedroom Count
2 Beds
Avg:$348,261Median:$304,950Range:$234,950 – $519,000PSF:$244 / $242Sq Ft:1,418 / 1,400DOM:37 / 29New:0Total:15
3 Beds
Avg:$459,562Median:$439,950Range:$60,000 – $899,000PSF:$238 / $235Sq Ft:1,942 / 1,934DOM:29 / 20New:11Total:56
4 Beds
Avg:$689,284Median:$625,000Range:$429,950 – $1,295,000PSF:$257 / $253Sq Ft:2,675 / 2,596DOM:29 / 17New:9Total:59
5 Beds
Avg:$900,562Median:$789,950Range:$556,000 – $1,725,000PSF:$263 / $257Sq Ft:3,396 / 3,321DOM:41 / 29New:2Total:24
6 Beds
Avg:$1,195,000Median:$1,050,000Range:$1,040,000 – $1,495,000PSF:$272 / $244Sq Ft:4,411 / 4,347DOM:79 / 73New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $348,261 | $304,950 | $234,950 – $519,000 | $244 / $242 | 1,418 / 1,400 | 37 / 29 | 0 | 15 |
| 3 Beds | $459,562 | $439,950 | $60,000 – $899,000 | $238 / $235 | 1,942 / 1,934 | 29 / 20 | 11 | 56 |
| 4 Beds | $689,284 | $625,000 | $429,950 – $1,295,000 | $257 / $253 | 2,675 / 2,596 | 29 / 17 | 9 | 59 |
| 5 Beds | $900,562 | $789,950 | $556,000 – $1,725,000 | $263 / $257 | 3,396 / 3,321 | 41 / 29 | 2 | 24 |
| 6 Beds | $1,195,000 | $1,050,000 | $1,040,000 – $1,495,000 | $272 / $244 | 4,411 / 4,347 | 79 / 73 | 0 | 3 |
Rental Market Overview
Median Rent
$2,400
0.0%
Median DOM
14
+27.3%
New Listings
9
Inventory
55
+3.8%
- Average Rent: $2,483
- Median Rent: $2,400
- Rent Range: $1,310 – $5,000
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,751 / 1,573
- Square Footage Range: 642 – 5,702
- Days on Market (Avg/Median): 31 / 14
- Days on Market Range: 1 – 359
- New Listings: 9
- Total Listings: 55
Rentals by Property Type
Apartment
$1,505
Median DOM: 71
Inventory: 10
MoM: 0.0%
Condo
$2,600
Median DOM: 19
Inventory: 4
MoM: 0.0%
Single Family
$2,600
Median DOM: 6
Inventory: 15
MoM: 0.0%
Townhouse
$2,595
Median DOM: 14
Inventory: 26
MoM: 0.0%
Apartment
Avg/Median Rent$1,705 / $1,505Range$1,310 – $3,174Rent per Sq Ft$2 / $2Sq Ft790 / 704DOM76 / 71New0Total10
Condo
Avg/Median Rent$2,775 / $2,600Range$2,000 – $3,750Rent per Sq Ft$2 / $2Sq Ft1,427 / 1,570DOM21 / 19New0Total4
Single Family
Avg/Median Rent$2,740 / $2,600Range$1,750 – $5,000Rent per Sq Ft$1 / $1Sq Ft2,120 / 1,633DOM18 / 6New5Total15
Townhouse
Avg/Median Rent$2,589 / $2,595Range$1,695 – $3,395Rent per Sq Ft$1 / $1Sq Ft1,958 / 1,788DOM37 / 14New4Total26
Rentals by Bedroom Count
1 Beds
Avg:$1,542Median:$1,505Range:$1,310 – $1,836PSF:$2 / $2Sq Ft:737 / 704DOM:79 / 60New:0Total:9
2 Beds
Avg:$2,409Median:$2,295Range:$2,000 – $3,174PSF:$2 / $2Sq Ft:1,491 / 1,376DOM:19 / 6New:2Total:8
3 Beds
Avg:$2,587Median:$2,600Range:$1,695 – $3,750PSF:$1 / $1Sq Ft:1,873 / 1,633DOM:36 / 14New:6Total:31
4 Beds
Avg:$3,008Median:$2,950Range:$2,700 – $3,395PSF:$1 / $1Sq Ft:2,239 / 2,206DOM:10 / 6New:1Total:5
5 Beds
Avg:$4,090Median:$3,180Range:$3,180 – $5,000PSF:$1 / $1Sq Ft:4,242 / 2,782DOM:22 / 8New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,542 | $1,505 | $1,310 – $1,836 | $2 / $2 | 737 / 704 | 79 / 60 | 0 | 9 |
| 2 Beds | $2,409 | $2,295 | $2,000 – $3,174 | $2 / $2 | 1,491 / 1,376 | 19 / 6 | 2 | 8 |
| 3 Beds | $2,587 | $2,600 | $1,695 – $3,750 | $1 / $1 | 1,873 / 1,633 | 36 / 14 | 6 | 31 |
| 4 Beds | $3,008 | $2,950 | $2,700 – $3,395 | $1 / $1 | 2,239 / 2,206 | 10 / 6 | 1 | 5 |
| 5 Beds | $4,090 | $3,180 | $3,180 – $5,000 | $1 / $1 | 4,242 / 2,782 | 22 / 8 | 0 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$545,310Median DOM:13New:50Total:121
Apr 2026
Median Price:$549,000Median DOM:11New:58Total:144
May 2026
Median Price:$550,000Median DOM:10New:68Total:179
Jun 2026
Median Price:$549,000Median DOM:16New:61Total:171
Jul 2026
Median Price:$525,000Median DOM:22New:47Total:158
Aug 2026
Median Price:$529,950Median DOM:22New:22Total:157
6-Month Rental Trend
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:13New:16Total:51
Jun 2026
Median Rent:$2,400Median DOM:9New:18Total:48
Jul 2026
Median Rent:$2,400Median DOM:11New:18Total:53
Aug 2026
Median Rent:$2,400Median DOM:14New:9Total:55
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady 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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