ZIP 23234 Housing Market Report
Richmond Metro
Report period: August 2026
23234 Monthly Market Update – August 2026
ZIP 23234 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$339,000
−1.7%
Median DOM (Sales)
32
+14.3%
New Listings (Sales)
9
−86.8%
Median Rent
$1,495
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
100
+3.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($450,000 median)
Sales Market Overview
Median Price
$339,000
−1.7%
Median DOM
32
+14.3%
New Listings
9
−86.8%
Inventory
208
−3.7%
- Average Price: $340,342
- Median Price: $339,000
- Price Range: $65,000 – $1,223,000
- Price per Sq Ft (Avg/Median): $222 / $224
- Square Footage (Avg/Median): 1,658 / 1,518
- Square Footage Range: 792 – 4,132
- Days on Market (Avg/Median): 43 / 32
- Days on Market Range: 1 – 343
- New Listings: 9
- Total Listings: 208
Sales by Property Type
Condo
Avg/Median Price$232,263 / $237,990Range$139,900 – $271,990Price per Sq Ft$238 / $249Sq Ft970 / 931DOM34 / 27New0Total7
Land
Avg/Median Price$139,156 / $105,000Range$65,000 – $262,500Price per Sq Ft—Sq Ft—DOM121 / 125New0Total9
Single Family
Avg/Median Price$358,984 / $349,900Range$130,000 – $1,223,000Price per Sq Ft$219 / $209Sq Ft1,752 / 1,571DOM37 / 26New9Total132
Townhouse
Avg/Median Price$342,116 / $349,990Range$214,990 – $424,990Price per Sq Ft$226 / $230Sq Ft1,532 / 1,518DOM46 / 39New0Total60
Sales by Bedroom Count
2 Beds
Avg:$249,415Median:$234,900Range:$139,900 – $379,950PSF:$248 / $242Sq Ft:1,014 / 950DOM:28 / 25New:0Total:20
3 Beds
Avg:$336,378Median:$329,000Range:$130,000 – $1,223,000PSF:$231 / $229Sq Ft:1,494 / 1,518DOM:43 / 34New:5Total:126
4 Beds
Avg:$413,907Median:$410,000Range:$259,000 – $572,040PSF:$193 / $189Sq Ft:2,248 / 2,223DOM:34 / 25New:4Total:44
5 Beds
Avg:$439,442Median:$450,000Range:$370,000 – $505,000PSF:$180 / $172Sq Ft:2,503 / 2,556DOM:36 / 38New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $249,415 | $234,900 | $139,900 – $379,950 | $248 / $242 | 1,014 / 950 | 28 / 25 | 0 | 20 |
| 3 Beds | $336,378 | $329,000 | $130,000 – $1,223,000 | $231 / $229 | 1,494 / 1,518 | 43 / 34 | 5 | 126 |
| 4 Beds | $413,907 | $410,000 | $259,000 – $572,040 | $193 / $189 | 2,248 / 2,223 | 34 / 25 | 4 | 44 |
| 5 Beds | $439,442 | $450,000 | $370,000 – $505,000 | $180 / $172 | 2,503 / 2,556 | 36 / 38 | 0 | 9 |
Rental Market Overview
Median Rent
$1,495
0.0%
Median DOM
1
0.0%
New Listings
27
Inventory
100
+3.1%
- Average Rent: $1,589
- Median Rent: $1,495
- Rent Range: $850 – $3,800
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,129 / 950
- Square Footage Range: 508 – 3,040
- Days on Market (Avg/Median): 28 / 1
- Days on Market Range: 1 – 270
- New Listings: 27
- Total Listings: 100
Rentals by Property Type
Apartment
$1,200
Median DOM: 23
Inventory: 16
MoM: 0.0%
Condo
$995
Median DOM: 1
Inventory: 27
MoM: 0.0%
Single Family
$2,095
Median DOM: 11
Inventory: 31
MoM: 0.0%
Townhouse
$1,595
Median DOM: 1
Inventory: 24
MoM: 0.0%
Apartment
Avg/Median Rent$1,226 / $1,200Range$895 – $1,560Rent per Sq Ft$2 / $2Sq Ft734 / 750DOM96 / 23New0Total16
Condo
Avg/Median Rent$1,194 / $995Range$895 – $3,800Rent per Sq Ft$1 / $1Sq Ft825 / 875DOM6 / 1New11Total27
Multi-Family
Avg/Median Rent$1,455 / $1,410Range$1,410 – $1,500Rent per Sq Ft$2 / $1Sq Ft853 / 650DOM31 / 24New0Total2
Single Family
Avg/Median Rent$2,048 / $2,095Range$850 – $3,300Rent per Sq Ft$1 / $1Sq Ft1,577 / 1,514DOM31 / 11New5Total31
Townhouse
Avg/Median Rent$1,694 / $1,595Range$1,250 – $2,400Rent per Sq Ft$2 / $2Sq Ft1,136 / 950DOM17 / 1New11Total24
Rentals by Bedroom Count
1 Beds
Avg:$1,118Median:$995Range:$850 – $1,560PSF:$2 / $2Sq Ft:692 / 689DOM:28 / 1New:4Total:19
2 Beds
Avg:$1,311Median:$1,295Range:$895 – $1,851PSF:$1 / $1Sq Ft:893 / 875DOM:30 / 1New:17Total:45
3 Beds
Avg:$2,098Median:$2,095Range:$1,495 – $2,800PSF:$1 / $1Sq Ft:1,542 / 1,514DOM:23 / 13New:3Total:26
4 Beds
Avg:$2,020Median:$1,650Range:$1,495 – $2,600PSF:$1 / $1Sq Ft:1,773 / 1,700DOM:2 / 1New:3Total:6
5 Beds
Avg:$2,733Median:$2,600Range:$2,300 – $3,300PSF:$1 / $1Sq Ft:2,338 / 2,114DOM:86 / 94New: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 | $1,118 | $995 | $850 – $1,560 | $2 / $2 | 692 / 689 | 28 / 1 | 4 | 19 |
| 2 Beds | $1,311 | $1,295 | $895 – $1,851 | $1 / $1 | 893 / 875 | 30 / 1 | 17 | 45 |
| 3 Beds | $2,098 | $2,095 | $1,495 – $2,800 | $1 / $1 | 1,542 / 1,514 | 23 / 13 | 3 | 26 |
| 4 Beds | $2,020 | $1,650 | $1,495 – $2,600 | $1 / $1 | 1,773 / 1,700 | 2 / 1 | 3 | 6 |
| 5 Beds | $2,733 | $2,600 | $2,300 – $3,300 | $1 / $1 | 2,338 / 2,114 | 86 / 94 | 0 | 3 |
| 6 Beds | $3,800 | $3,800 | $3,800 – $3,800 | — | — | — | 0 | 1 |
6-Month Sales Trend
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:28New:68Total:216
Aug 2026
Median Price:$339,000Median DOM:32New:9Total:208
6-Month Rental Trend
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:43Total:97
Aug 2026
Median Rent:$1,495Median DOM:1New:27Total:100
Key Market Takeaways
Median sale prices softened 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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