ZIP 23234 Housing Market Report
Richmond Metro
Report period: May 2026
23234 Monthly Market Update – May 2026
ZIP 23234 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$327,420
−0.8%
Median DOM (Sales)
21
−4.5%
New Listings (Sales)
13
−77.2%
Median Rent
$1,495
−0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
90
−1.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (10 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($425,000 median)
Sales Market Overview
Median Price
$327,420
−0.8%
Median DOM
21
−4.5%
New Listings
13
−77.2%
Inventory
183
−5.2%
- Average Price: $329,852
- Median Price: $327,420
- Price Range: $60,000 – $1,223,000
- Price per Sq Ft (Avg/Median): $220 / $224
- Square Footage (Avg/Median): 1,613 / 1,518
- Square Footage Range: 728 – 4,028
- Days on Market (Avg/Median): 40 / 21
- Days on Market Range: 1 – 343
- New Listings: 13
- Total Listings: 183
Sales by Property Type
Condo
Avg/Median Price$138,197 / $139,750Range$134,940 – $139,900Price per Sq Ft$161 / $163Sq Ft859 / 859DOM11 / 10New0Total3
Land
Avg/Median Price$137,800 / $100,000Range$60,000 – $262,500Price per Sq Ft—Sq Ft—DOM110 / 56New0Total8
Single Family
Avg/Median Price$342,037 / $320,000Range$169,000 – $1,223,000Price per Sq Ft$217 / $205Sq Ft1,685 / 1,532DOM31 / 16New7Total117
Townhouse
Avg/Median Price$342,321 / $344,990Range$224,899 – $424,990Price per Sq Ft$229 / $234Sq Ft1,500 / 1,518DOM52 / 39New6Total55
Sales by Bedroom Count
2 Beds
Avg:$265,745Median:$235,000Range:$134,940 – $424,990PSF:$234 / $236Sq Ft:1,146 / 960DOM:25 / 11New:5Total:19
3 Beds
Avg:$331,262Median:$325,000Range:$169,000 – $1,223,000PSF:$230 / $230Sq Ft:1,477 / 1,474DOM:43 / 22New:5Total:118
4 Beds
Avg:$393,025Median:$399,000Range:$234,500 – $579,000PSF:$182 / $177Sq Ft:2,234 / 2,122DOM:25 / 9New:1Total:29
5 Beds
Avg:$413,859Median:$425,000Range:$235,000 – $514,990PSF:$178 / $175Sq Ft:2,371 / 2,359DOM:19 / 10New:2Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $265,745 | $235,000 | $134,940 – $424,990 | $234 / $236 | 1,146 / 960 | 25 / 11 | 5 | 19 |
| 3 Beds | $331,262 | $325,000 | $169,000 – $1,223,000 | $230 / $230 | 1,477 / 1,474 | 43 / 22 | 5 | 118 |
| 4 Beds | $393,025 | $399,000 | $234,500 – $579,000 | $182 / $177 | 2,234 / 2,122 | 25 / 9 | 1 | 29 |
| 5 Beds | $413,859 | $425,000 | $235,000 – $514,990 | $178 / $175 | 2,371 / 2,359 | 19 / 10 | 2 | 9 |
Rental Market Overview
Median Rent
$1,495
−0.3%
Median DOM
1
0.0%
New Listings
32
Inventory
90
−1.1%
- Average Rent: $1,749
- Median Rent: $1,495
- Rent Range: $795 – $3,900
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,209 / 1,004
- Square Footage Range: 435 – 3,040
- Days on Market (Avg/Median): 46 / 1
- Days on Market Range: 1 – 346
- New Listings: 32
- Total Listings: 90
Rentals by Property Type
Apartment
$1,200
Median DOM: 111
Inventory: 11
MoM: −0.3%
Condo
$1,195
Median DOM: 1
Inventory: 20
MoM: −0.3%
Single Family
$1,699
Median DOM: 6
Inventory: 30
MoM: −0.3%
Townhouse
$1,750
Median DOM: 10
Inventory: 29
MoM: −0.3%
Apartment
Avg/Median Rent$1,178 / $1,200Range$975 – $1,391Rent per Sq Ft$2 / $2Sq Ft700 / 650DOM141 / 111New1Total11
Condo
Avg/Median Rent$1,426 / $1,195Range$795 – $3,800Rent per Sq Ft$1 / $1Sq Ft793 / 700DOM24 / 1New13Total20
Single Family
Avg/Median Rent$1,968 / $1,699Range$875 – $3,900Rent per Sq Ft$2 / $2Sq Ft1,373 / 1,187DOM38 / 6New8Total30
Townhouse
Avg/Median Rent$1,961 / $1,750Range$1,250 – $2,700Rent per Sq Ft$1 / $2Sq Ft1,465 / 1,318DOM40 / 10New10Total29
Rentals by Bedroom Count
1 Beds
Avg:$1,116Median:$1,195Range:$795 – $1,295PSF:$2 / $2Sq Ft:654 / 689DOM:46 / 1New:7Total:15
2 Beds
Avg:$1,361Median:$1,395Range:$975 – $1,695PSF:$2 / $2Sq Ft:908 / 900DOM:51 / 1New:17Total:34
3 Beds
Avg:$2,086Median:$2,100Range:$1,450 – $2,695PSF:$2 / $2Sq Ft:1,442 / 1,335DOM:42 / 9New:7Total:27
4 Beds
Avg:$2,296Median:$2,600Range:$1,495 – $2,700PSF:$1 / $1Sq Ft:1,857 / 2,050DOM:30 / 10New:1Total:9
5 Beds
Avg:$3,267Median:$3,300Range:$2,600 – $3,900PSF:$1 / $1Sq Ft:2,627 / 2,980DOM:61 / 63New:0Total:3
6 Beds
Avg:$3,800Median:$3,800Range:$3,800 – $3,800PSF:—Sq Ft:—DOM:—New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,116 | $1,195 | $795 – $1,295 | $2 / $2 | 654 / 689 | 46 / 1 | 7 | 15 |
| 2 Beds | $1,361 | $1,395 | $975 – $1,695 | $2 / $2 | 908 / 900 | 51 / 1 | 17 | 34 |
| 3 Beds | $2,086 | $2,100 | $1,450 – $2,695 | $2 / $2 | 1,442 / 1,335 | 42 / 9 | 7 | 27 |
| 4 Beds | $2,296 | $2,600 | $1,495 – $2,700 | $1 / $1 | 1,857 / 2,050 | 30 / 10 | 1 | 9 |
| 5 Beds | $3,267 | $3,300 | $2,600 – $3,900 | $1 / $1 | 2,627 / 2,980 | 61 / 63 | 0 | 3 |
| 6 Beds | $3,800 | $3,800 | $3,800 – $3,800 | — | — | — | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$339,900Median DOM:40New:37Total:190
Jan 2026
Median Price:$335,000Median DOM:29New:64Total:162
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:$327,420Median DOM:21New:13Total:183
6-Month Rental Trend
Dec 2025
Median Rent:$1,395Median DOM:1New:56Total:96
Jan 2026
Median Rent:$1,395Median DOM:1New:44Total:99
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:32Total:90
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory tightened.
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