ZIP 23233 Housing Market Report
Richmond Metro
Report period: July 2026
23233 Monthly Market Update – July 2026
ZIP 23233 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$549,000
0.0%
Median DOM (Sales)
19
+18.8%
New Listings (Sales)
11
−82.0%
Median Rent
$2,400
0.0%
Median DOM (Rental)
15
+66.7%
Total Rental Listings
49
+2.1%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (15 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 6 Beds ($1,175,000 median)
Sales Market Overview
Median Price
$549,000
0.0%
Median DOM
19
+18.8%
New Listings
11
−82.0%
Inventory
163
−4.7%
- Average Price: $641,105
- Median Price: $549,000
- Price Range: $125,000 – $2,034,950
- Price per Sq Ft (Avg/Median): $251 / $247
- Square Footage (Avg/Median): 2,527 / 2,356
- Square Footage Range: 1,112 – 5,587
- Days on Market (Avg/Median): 33 / 19
- Days on Market Range: 2 – 290
- New Listings: 11
- Total Listings: 163
Sales by Property Type
Condo
Avg/Median Price$469,964 / $433,085Range$279,900 – $779,999Price per Sq Ft$235 / $248Sq Ft2,065 / 2,345DOM39 / 24New1Total29
Single Family
Avg/Median Price$718,432 / $649,900Range$125,000 – $2,034,950Price per Sq Ft$256 / $252Sq Ft2,785 / 2,544DOM27 / 15New7Total95
Townhouse
Avg/Median Price$580,003 / $539,900Range$239,950 – $1,545,000Price per Sq Ft$249 / $237Sq Ft2,241 / 2,123DOM41 / 33New3Total39
Sales by Bedroom Count
2 Beds
Avg:$337,039Median:$295,000Range:$239,950 – $519,000PSF:$244 / $242Sq Ft:1,373 / 1,360DOM:23 / 14New:0Total:11
3 Beds
Avg:$449,173Median:$439,950Range:$125,000 – $749,000PSF:$235 / $243Sq Ft:1,948 / 1,934DOM:30 / 21New:4Total:53
4 Beds
Avg:$701,565Median:$599,950Range:$399,950 – $2,034,950PSF:$259 / $252Sq Ft:2,681 / 2,544DOM:32 / 18New:6Total:68
5 Beds
Avg:$894,427Median:$784,500Range:$550,000 – $1,725,000PSF:$260 / $252Sq Ft:3,396 / 3,270DOM:41 / 17New:1Total:26
6 Beds
Avg:$1,205,000Median:$1,175,000Range:$1,040,000 – $1,545,000PSF:$264 / $247Sq Ft:4,594 / 4,575DOM:43 / 48New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $337,039 | $295,000 | $239,950 – $519,000 | $244 / $242 | 1,373 / 1,360 | 23 / 14 | 0 | 11 |
| 3 Beds | $449,173 | $439,950 | $125,000 – $749,000 | $235 / $243 | 1,948 / 1,934 | 30 / 21 | 4 | 53 |
| 4 Beds | $701,565 | $599,950 | $399,950 – $2,034,950 | $259 / $252 | 2,681 / 2,544 | 32 / 18 | 6 | 68 |
| 5 Beds | $894,427 | $784,500 | $550,000 – $1,725,000 | $260 / $252 | 3,396 / 3,270 | 41 / 17 | 1 | 26 |
| 6 Beds | $1,205,000 | $1,175,000 | $1,040,000 – $1,545,000 | $264 / $247 | 4,594 / 4,575 | 43 / 48 | 0 | 5 |
Rental Market Overview
Median Rent
$2,400
0.0%
Median DOM
15
+66.7%
New Listings
7
Inventory
49
+2.1%
- Average Rent: $2,446
- Median Rent: $2,400
- Rent Range: $1,397 – $5,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,720 / 1,573
- Square Footage Range: 588 – 5,702
- Days on Market (Avg/Median): 30 / 15
- Days on Market Range: 1 – 341
- New Listings: 7
- Total Listings: 49
Rentals by Property Type
Apartment
$1,430
Median DOM: 40
Inventory: 10
MoM: 0.0%
Condo
$2,749
Median DOM: 15
Inventory: 5
MoM: 0.0%
Single Family
$2,695
Median DOM: 8
Inventory: 14
MoM: 0.0%
Townhouse
$2,400
Median DOM: 14
Inventory: 20
MoM: 0.0%
Apartment
Avg/Median Rent$1,644 / $1,430Range$1,397 – $2,678Rent per Sq Ft$2 / $2Sq Ft749 / 700DOM55 / 40New0Total10
Condo
Avg/Median Rent$2,740 / $2,749Range$2,000 – $3,750Rent per Sq Ft$2 / $2Sq Ft1,639 / 1,570DOM15 / 15New0Total5
Single Family
Avg/Median Rent$2,811 / $2,695Range$2,045 – $5,000Rent per Sq Ft$1 / $1Sq Ft2,231 / 1,934DOM21 / 8New3Total14
Townhouse
Avg/Median Rent$2,519 / $2,400Range$1,695 – $3,395Rent per Sq Ft$1 / $1Sq Ft1,867 / 1,788DOM37 / 14New4Total20
Rentals by Bedroom Count
1 Beds
Avg:$1,529Median:$1,430Range:$1,397 – $1,893PSF:$2 / $2Sq Ft:708 / 700DOM:63 / 29New:0Total:9
2 Beds
Avg:$2,314Median:$2,400Range:$2,000 – $2,678PSF:$2 / $2Sq Ft:1,483 / 1,570DOM:13 / 8New:2Total:9
3 Beds
Avg:$2,606Median:$2,595Range:$1,695 – $3,750PSF:$1 / $1Sq Ft:1,882 / 1,788DOM:38 / 15New:3Total:25
4 Beds
Avg:$2,986Median:$2,900Range:$2,700 – $3,395PSF:$1 / $1Sq Ft:2,249 / 2,150DOM:9 / 3New:2Total:4
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 | $1,529 | $1,430 | $1,397 – $1,893 | $2 / $2 | 708 / 700 | 63 / 29 | 0 | 9 |
| 2 Beds | $2,314 | $2,400 | $2,000 – $2,678 | $2 / $2 | 1,483 / 1,570 | 13 / 8 | 2 | 9 |
| 3 Beds | $2,606 | $2,595 | $1,695 – $3,750 | $1 / $1 | 1,882 / 1,788 | 38 / 15 | 3 | 25 |
| 4 Beds | $2,986 | $2,900 | $2,700 – $3,395 | $1 / $1 | 2,249 / 2,150 | 9 / 3 | 2 | 4 |
| 5 Beds | $4,090 | $3,180 | $3,180 – $5,000 | $1 / $1 | 4,242 / 2,782 | 22 / 8 | 0 | 2 |
6-Month Sales Trend
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:$550,000Median DOM:10New:68Total:179
Jun 2026
Median Price:$549,000Median DOM:16New:61Total:171
Jul 2026
Median Price:$549,000Median DOM:19New:11Total:163
6-Month Rental Trend
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:13New:16Total:51
Jun 2026
Median Rent:$2,400Median DOM:9New:18Total:48
Jul 2026
Median Rent:$2,400Median DOM:15New:7Total:49
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. 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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