ZIP 23234 Housing Market Report
Richmond Metro
Report period: July 2026
23234 Monthly Market Update – July 2026
ZIP 23234 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$345,000
+1.8%
Median DOM (Sales)
27
+17.4%
New Listings (Sales)
17
−77.0%
Median Rent
$1,495
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
108
+3.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (22 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($450,000 median)
Sales Market Overview
Median Price
$345,000
+1.8%
Median DOM
27
+17.4%
New Listings
17
−77.0%
Inventory
204
−2.9%
- Average Price: $343,798
- Median Price: $345,000
- Price Range: $60,000 – $1,223,000
- Price per Sq Ft (Avg/Median): $220 / $223
- Square Footage (Avg/Median): 1,679 / 1,523
- Square Footage Range: 773 – 4,132
- Days on Market (Avg/Median): 35 / 27
- Days on Market Range: 2 – 313
- New Listings: 17
- Total Listings: 204
Sales by Property Type
Condo
Avg/Median Price$210,314 / $232,990Range$139,700 – $271,990Price per Sq Ft$213 / $242Sq Ft972 / 937DOM20 / 22New2Total5
Land
Avg/Median Price$149,050 / $105,000Range$60,000 – $262,500Price per Sq Ft—Sq Ft—DOM123 / 116New0Total8
Single Family
Avg/Median Price$355,453 / $345,000Range$130,000 – $1,223,000Price per Sq Ft$216 / $209Sq Ft1,763 / 1,565DOM33 / 25New12Total129
Townhouse
Avg/Median Price$355,441 / $359,990Range$219,000 – $424,990Price per Sq Ft$230 / $234Sq Ft1,561 / 1,518DOM29 / 28New3Total62
Sales by Bedroom Count
2 Beds
Avg:$304,904Median:$310,000Range:$139,700 – $424,990PSF:$241 / $247Sq Ft:1,267 / 1,115DOM:22 / 8New:2Total:30
3 Beds
Avg:$334,607Median:$325,000Range:$130,000 – $1,223,000PSF:$228 / $227Sq Ft:1,506 / 1,518DOM:36 / 30New:9Total:117
4 Beds
Avg:$413,494Median:$404,990Range:$265,000 – $585,000PSF:$193 / $194Sq Ft:2,264 / 2,019DOM:29 / 25New:3Total:36
5 Beds
Avg:$443,112Median:$450,000Range:$345,000 – $535,000PSF:$175 / $172Sq Ft:2,564 / 2,556DOM:22 / 18New:3Total:13
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $304,904 | $310,000 | $139,700 – $424,990 | $241 / $247 | 1,267 / 1,115 | 22 / 8 | 2 | 30 |
| 3 Beds | $334,607 | $325,000 | $130,000 – $1,223,000 | $228 / $227 | 1,506 / 1,518 | 36 / 30 | 9 | 117 |
| 4 Beds | $413,494 | $404,990 | $265,000 – $585,000 | $193 / $194 | 2,264 / 2,019 | 29 / 25 | 3 | 36 |
| 5 Beds | $443,112 | $450,000 | $345,000 – $535,000 | $175 / $172 | 2,564 / 2,556 | 22 / 18 | 3 | 13 |
Rental Market Overview
Median Rent
$1,495
0.0%
Median DOM
1
0.0%
New Listings
35
Inventory
108
+3.8%
- Average Rent: $1,624
- Median Rent: $1,495
- Rent Range: $795 – $3,900
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,131 / 950
- Square Footage Range: 508 – 3,040
- Days on Market (Avg/Median): 35 / 1
- Days on Market Range: 1 – 331
- New Listings: 35
- Total Listings: 108
Rentals by Property Type
Apartment
$1,200
Median DOM: 45
Inventory: 14
MoM: 0.0%
Condo
$1,195
Median DOM: 1
Inventory: 32
MoM: 0.0%
Single Family
$2,095
Median DOM: 3
Inventory: 35
MoM: 0.0%
Townhouse
$1,595
Median DOM: 1
Inventory: 25
MoM: 0.0%
Apartment
Avg/Median Rent$1,216 / $1,200Range$895 – $1,537Rent per Sq Ft$2 / $2Sq Ft757 / 750DOM89 / 45New1Total14
Condo
Avg/Median Rent$1,174 / $1,195Range$795 – $3,800Rent per Sq Ft$1 / $1Sq Ft796 / 800DOM9 / 1New19Total32
Multi-Family
Avg/Median Rent$1,455 / $1,410Range$1,410 – $1,500Rent per Sq Ft$2 / $1Sq Ft853 / 650DOM27 / 17New0Total2
Single Family
Avg/Median Rent$2,055 / $2,095Range$850 – $3,900Rent per Sq Ft$1 / $1Sq Ft1,507 / 1,440DOM34 / 3New10Total35
Townhouse
Avg/Median Rent$1,841 / $1,595Range$1,250 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,268 / 1,100DOM51 / 1New5Total25
Rentals by Bedroom Count
1 Beds
Avg:$1,053Median:$995Range:$795 – $1,537PSF:$2 / $1Sq Ft:690 / 689DOM:27 / 1New:10Total:22
2 Beds
Avg:$1,330Median:$1,295Range:$895 – $1,851PSF:$2 / $1Sq Ft:900 / 875DOM:35 / 1New:16Total:44
3 Beds
Avg:$2,098Median:$2,100Range:$1,450 – $2,800PSF:$1 / $1Sq Ft:1,482 / 1,474DOM:39 / 14New:6Total:32
4 Beds
Avg:$2,169Median:$2,225Range:$1,495 – $2,700PSF:$1 / $1Sq Ft:1,796 / 1,700DOM:1 / 1New:3Total:6
5 Beds
Avg:$3,267Median:$3,300Range:$2,600 – $3,900PSF:$1 / $1Sq Ft:2,627 / 2,980DOM:91 / 91New:0Total:3
6 Beds
Avg:$3,800Median:$3,800Range:$3,800 – $3,800PSF:—Sq Ft:—DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,053 | $995 | $795 – $1,537 | $2 / $1 | 690 / 689 | 27 / 1 | 10 | 22 |
| 2 Beds | $1,330 | $1,295 | $895 – $1,851 | $2 / $1 | 900 / 875 | 35 / 1 | 16 | 44 |
| 3 Beds | $2,098 | $2,100 | $1,450 – $2,800 | $1 / $1 | 1,482 / 1,474 | 39 / 14 | 6 | 32 |
| 4 Beds | $2,169 | $2,225 | $1,495 – $2,700 | $1 / $1 | 1,796 / 1,700 | 1 / 1 | 3 | 6 |
| 5 Beds | $3,267 | $3,300 | $2,600 – $3,900 | $1 / $1 | 2,627 / 2,980 | 91 / 91 | 0 | 3 |
| 6 Beds | $3,800 | $3,800 | $3,800 – $3,800 | — | — | — | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$339,900Median DOM:27New:62Total:180
Mar 2026
Median Price:$339,990Median DOM:20New:70Total:197
Apr 2026
Median Price:$330,000Median DOM:22New:57Total:193
May 2026
Median Price:$335,000Median DOM:16New:75Total:196
Jun 2026
Median Price:$339,000Median DOM:23New:74Total:210
Jul 2026
Median Price:$345,000Median DOM:27New:17Total:204
6-Month Rental Trend
Feb 2026
Median Rent:$1,495Median DOM:1New:41Total:89
Mar 2026
Median Rent:$1,495Median DOM:1New:45Total:92
Apr 2026
Median Rent:$1,500Median DOM:1New:44Total:91
May 2026
Median Rent:$1,495Median DOM:1New:56Total:102
Jun 2026
Median Rent:$1,495Median DOM:1New:46Total:104
Jul 2026
Median Rent:$1,495Median DOM:1New:35Total:108
Key Market Takeaways
Median sale prices moved higher 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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