ZIP 23235 Housing Market Report
Richmond Metro
Report period: May 2026
23235 Monthly Market Update – May 2026
ZIP 23235 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$445,000
+1.4%
Median DOM (Sales)
7
0.0%
New Listings (Sales)
22
−62.1%
Median Rent
$2,050
0.0%
Median DOM (Rental)
3
0.0%
Total Rental Listings
47
0.0%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable.
What's Moving Fastest
- Fastest selling: Condo (3 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($775,000 median)
Sales Market Overview
Median Price
$445,000
+1.4%
Median DOM
7
0.0%
New Listings
22
−62.1%
Inventory
137
+12.3%
- Average Price: $554,488
- Median Price: $445,000
- Price Range: $109,999 – $3,950,000
- Price per Sq Ft (Avg/Median): $238 / $224
- Square Footage (Avg/Median): 2,302 / 2,124
- Square Footage Range: 864 – 5,774
- Days on Market (Avg/Median): 26 / 7
- Days on Market Range: 1 – 354
- New Listings: 22
- Total Listings: 137
Sales by Property Type
Condo
Avg/Median Price$363,270 / $390,000Range$199,000 – $467,500Price per Sq Ft$222 / $218Sq Ft1,640 / 1,785DOM16 / 3New2Total5
Land
Avg/Median Price$225,000 / $125,000Range$109,999 – $400,000Price per Sq Ft—Sq Ft—DOM164 / 66New0Total5
Single Family
Avg/Median Price$595,501 / $465,000Range$225,000 – $3,950,000Price per Sq Ft$240 / $227Sq Ft2,403 / 2,291DOM20 / 6New18Total115
Townhouse
Avg/Median Price$378,405 / $319,000Range$238,000 – $561,415Price per Sq Ft$232 / $225Sq Ft1,607 / 1,400DOM32 / 13New2Total12
Sales by Bedroom Count
2 Beds
Avg:$347,871Median:$319,000Range:$199,000 – $467,500PSF:$228 / $219Sq Ft:1,543 / 1,322DOM:14 / 3New:5Total:14
3 Beds
Avg:$435,025Median:$409,999Range:$238,000 – $899,900PSF:$237 / $246Sq Ft:1,884 / 1,905DOM:23 / 6New:6Total:45
4 Beds
Avg:$602,108Median:$480,000Range:$329,000 – $1,995,000PSF:$233 / $221Sq Ft:2,519 / 2,439DOM:19 / 6New:9Total:61
5 Beds
Avg:$818,750Median:$775,000Range:$489,999 – $1,275,000PSF:$236 / $211Sq Ft:3,439 / 3,038DOM:39 / 39New:1Total:8
6 Beds
Avg:$1,778,736Median:$719,995Range:$449,950 – $3,950,000PSF:$380 / $198Sq Ft:4,071 / 3,629DOM:21 / 13New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $347,871 | $319,000 | $199,000 – $467,500 | $228 / $219 | 1,543 / 1,322 | 14 / 3 | 5 | 14 |
| 3 Beds | $435,025 | $409,999 | $238,000 – $899,900 | $237 / $246 | 1,884 / 1,905 | 23 / 6 | 6 | 45 |
| 4 Beds | $602,108 | $480,000 | $329,000 – $1,995,000 | $233 / $221 | 2,519 / 2,439 | 19 / 6 | 9 | 61 |
| 5 Beds | $818,750 | $775,000 | $489,999 – $1,275,000 | $236 / $211 | 3,439 / 3,038 | 39 / 39 | 1 | 8 |
| 6 Beds | $1,778,736 | $719,995 | $449,950 – $3,950,000 | $380 / $198 | 4,071 / 3,629 | 21 / 13 | 1 | 4 |
Rental Market Overview
Median Rent
$2,050
0.0%
Median DOM
3
0.0%
New Listings
12
Inventory
47
0.0%
- Average Rent: $2,021
- Median Rent: $2,050
- Rent Range: $880 – $3,000
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,469 / 1,360
- Square Footage Range: 647 – 3,113
- Days on Market (Avg/Median): 19 / 3
- Days on Market Range: 1 – 171
- New Listings: 12
- Total Listings: 47
Rentals by Property Type
Apartment
$1,516
Median DOM: 27
Inventory: 10
MoM: 0.0%
Condo
$880
Median DOM: 42
Inventory: 2
MoM: 0.0%
Single Family
$2,230
Median DOM: 1
Inventory: 28
MoM: 0.0%
Townhouse
$1,495
Median DOM: 2
Inventory: 7
MoM: 0.0%
Apartment
Avg/Median Rent$1,652 / $1,516Range$1,400 – $2,400Rent per Sq Ft$2 / $2Sq Ft950 / 856DOM54 / 27New0Total10
Condo
Avg/Median Rent$1,440 / $880Range$880 – $2,000Rent per Sq Ft$2 / $2Sq Ft962 / 962DOM45 / 42New0Total2
Single Family
Avg/Median Rent$2,329 / $2,230Range$1,535 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,745 / 1,608DOM12 / 1New10Total28
Townhouse
Avg/Median Rent$1,482 / $1,495Range$1,095 – $1,895Rent per Sq Ft$1 / $1Sq Ft1,177 / 1,200DOM14 / 2New2Total7
Rentals by Bedroom Count
1 Beds
Avg:$1,487Median:$1,475Range:$880 – $1,855PSF:$2 / $2Sq Ft:801 / 800DOM:87 / 48New:0Total:8
2 Beds
Avg:$1,698Median:$1,700Range:$1,095 – $2,950PSF:$1 / $1Sq Ft:1,201 / 971DOM:19 / 13New:0Total:9
3 Beds
Avg:$2,096Median:$2,095Range:$1,495 – $2,800PSF:$1 / $1Sq Ft:1,532 / 1,525DOM:15 / 7New:5Total:17
4 Beds
Avg:$2,393Median:$2,350Range:$2,100 – $3,000PSF:$1 / $1Sq Ft:1,830 / 1,608DOM:10 / 1New:5Total:9
5 Beds
Avg:$2,600Median:$2,600Range:$2,500 – $2,700PSF:$2 / $1Sq Ft:1,824 / 1,961DOM:5 / 3New:1Total:3
6 Beds
Avg:$2,836Median:$2,836Range:$2,836 – $2,836PSF:$1 / $1Sq Ft:2,961 / 2,961DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,487 | $1,475 | $880 – $1,855 | $2 / $2 | 801 / 800 | 87 / 48 | 0 | 8 |
| 2 Beds | $1,698 | $1,700 | $1,095 – $2,950 | $1 / $1 | 1,201 / 971 | 19 / 13 | 0 | 9 |
| 3 Beds | $2,096 | $2,095 | $1,495 – $2,800 | $1 / $1 | 1,532 / 1,525 | 15 / 7 | 5 | 17 |
| 4 Beds | $2,393 | $2,350 | $2,100 – $3,000 | $1 / $1 | 1,830 / 1,608 | 10 / 1 | 5 | 9 |
| 5 Beds | $2,600 | $2,600 | $2,500 – $2,700 | $2 / $1 | 1,824 / 1,961 | 5 / 3 | 1 | 3 |
| 6 Beds | $2,836 | $2,836 | $2,836 – $2,836 | $1 / $1 | 2,961 / 2,961 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$425,000Median DOM:40New:13Total:101
Jan 2026
Median Price:$429,000Median DOM:24New:40Total:98
Feb 2026
Median Price:$434,990Median DOM:10New:39Total:113
Mar 2026
Median Price:$439,000Median DOM:11New:37Total:112
Apr 2026
Median Price:$439,000Median DOM:7New:58Total:122
May 2026
Median Price:$445,000Median DOM:7New:22Total:137
6-Month Rental Trend
Dec 2025
Median Rent:$1,750Median DOM:1New:13Total:31
Jan 2026
Median Rent:$1,850Median DOM:1New:21Total:34
Feb 2026
Median Rent:$1,995Median DOM:1New:14Total:40
Mar 2026
Median Rent:$1,950Median DOM:8New:20Total:38
Apr 2026
Median Rent:$2,050Median DOM:3New:22Total:47
May 2026
Median Rent:$2,050Median DOM:3New:12Total:47
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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