ZIP 23235 Housing Market Report
Richmond Metro
Report period: August 2026
23235 Monthly Market Update – August 2026
ZIP 23235 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$439,000
+1.4%
Median DOM (Sales)
17
+13.3%
New Listings (Sales)
9
−80.0%
Median Rent
$2,000
+0.3%
Median DOM (Rental)
8
0.0%
Total Rental Listings
47
+4.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (15 DOM)
- Fastest renting: Single Family (5 DOM)
- Strongest bedroom: 6 Beds ($3,295,000 median)
Sales Market Overview
Median Price
$439,000
+1.4%
Median DOM
17
+13.3%
New Listings
9
−80.0%
Inventory
130
−5.1%
- Average Price: $541,636
- Median Price: $439,000
- Price Range: $109,999 – $3,750,000
- Price per Sq Ft (Avg/Median): $234 / $223
- Square Footage (Avg/Median): 2,232 / 2,065
- Square Footage Range: 960 – 6,591
- Days on Market (Avg/Median): 33 / 17
- Days on Market Range: 3 – 221
- New Listings: 9
- Total Listings: 130
Sales by Property Type
Condo
Avg/Median Price$364,880 / $459,950Range$189,950 – $495,000Price per Sq Ft$214 / $221Sq Ft1,658 / 1,832DOM20 / 15New0Total5
Land
Avg/Median Price$237,500 / $109,999Range$109,999 – $365,000Price per Sq Ft—Sq Ft—DOM159 / 159New0Total2
Single Family
Avg/Median Price$609,038 / $459,999Range$225,000 – $3,750,000Price per Sq Ft$243 / $231Sq Ft2,408 / 2,283DOM29 / 16New7Total98
Townhouse
Avg/Median Price$337,105 / $309,000Range$210,000 – $554,900Price per Sq Ft$204 / $204Sq Ft1,658 / 1,638DOM47 / 34New2Total25
Sales by Bedroom Count
2 Beds
Avg:$309,016Median:$294,990Range:$189,950 – $469,500PSF:$215 / $208Sq Ft:1,444 / 1,260DOM:27 / 15New:2Total:15
3 Beds
Avg:$422,709Median:$400,000Range:$210,000 – $975,000PSF:$234 / $237Sq Ft:1,815 / 1,760DOM:34 / 18New:3Total:51
4 Beds
Avg:$566,256Median:$499,000Range:$325,000 – $1,899,000PSF:$226 / $219Sq Ft:2,459 / 2,416DOM:31 / 17New:3Total:49
5 Beds
Avg:$832,785Median:$825,000Range:$432,950 – $1,225,000PSF:$240 / $231Sq Ft:3,480 / 3,372DOM:26 / 9New:1Total:10
6 Beds
Avg:$2,556,633Median:$3,295,000Range:$624,900 – $3,750,000PSF:$437 / $500Sq Ft:5,400 / 5,774DOM:62 / 63New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $309,016 | $294,990 | $189,950 – $469,500 | $215 / $208 | 1,444 / 1,260 | 27 / 15 | 2 | 15 |
| 3 Beds | $422,709 | $400,000 | $210,000 – $975,000 | $234 / $237 | 1,815 / 1,760 | 34 / 18 | 3 | 51 |
| 4 Beds | $566,256 | $499,000 | $325,000 – $1,899,000 | $226 / $219 | 2,459 / 2,416 | 31 / 17 | 3 | 49 |
| 5 Beds | $832,785 | $825,000 | $432,950 – $1,225,000 | $240 / $231 | 3,480 / 3,372 | 26 / 9 | 1 | 10 |
| 6 Beds | $2,556,633 | $3,295,000 | $624,900 – $3,750,000 | $437 / $500 | 5,400 / 5,774 | 62 / 63 | 0 | 3 |
Rental Market Overview
Median Rent
$2,000
+0.3%
Median DOM
8
0.0%
New Listings
8
Inventory
47
+4.4%
- Average Rent: $1,994
- Median Rent: $2,000
- Rent Range: $895 – $2,950
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,468 / 1,354
- Square Footage Range: 647 – 2,941
- Days on Market (Avg/Median): 34 / 8
- Days on Market Range: 1 – 264
- New Listings: 8
- Total Listings: 47
Rentals by Property Type
Apartment
$1,515
Median DOM: 72
Inventory: 10
MoM: +0.3%
Condo
$1,650
Median DOM: 8
Inventory: 3
MoM: +0.3%
Single Family
$2,300
Median DOM: 5
Inventory: 26
MoM: +0.3%
Townhouse
$1,495
Median DOM: 20
Inventory: 8
MoM: +0.3%
Apartment
Avg/Median Rent$1,641 / $1,515Range$1,489 – $2,000Rent per Sq Ft$2 / $2Sq Ft848 / 856DOM108 / 72New0Total10
Condo
Avg/Median Rent$1,692 / $1,650Range$1,425 – $2,000Rent per Sq Ft$2 / $1Sq Ft1,112 / 962DOM39 / 8New2Total3
Single Family
Avg/Median Rent$2,300 / $2,300Range$895 – $2,950Rent per Sq Ft$1 / $1Sq Ft1,829 / 1,749DOM17 / 5New6Total26
Townhouse
Avg/Median Rent$1,554 / $1,495Range$1,095 – $1,800Rent per Sq Ft$1 / $1Sq Ft1,180 / 1,200DOM39 / 20New0Total8
Rentals by Bedroom Count
1 Beds
Avg:$1,581Median:$1,515Range:$895 – $2,000PSF:$2 / $2Sq Ft:832 / 800DOM:117 / 31New:0Total:10
2 Beds
Avg:$1,817Median:$1,680Range:$1,095 – $2,950PSF:$2 / $1Sq Ft:1,232 / 1,200DOM:44 / 30New:3Total:12
3 Beds
Avg:$2,110Median:$2,200Range:$1,395 – $2,800PSF:$1 / $1Sq Ft:1,652 / 1,500DOM:17 / 3New:3Total:18
4 Beds
Avg:$2,558Median:$2,500Range:$2,295 – $2,950PSF:$1 / $1Sq Ft:1,981 / 1,866DOM:12 / 5New:2Total:6
5 Beds
Avg:$2,795Median:$2,795Range:$2,795 – $2,795PSF:$1 / $1Sq Ft:2,937 / 2,937DOM:16 / 16New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,581 | $1,515 | $895 – $2,000 | $2 / $2 | 832 / 800 | 117 / 31 | 0 | 10 |
| 2 Beds | $1,817 | $1,680 | $1,095 – $2,950 | $2 / $1 | 1,232 / 1,200 | 44 / 30 | 3 | 12 |
| 3 Beds | $2,110 | $2,200 | $1,395 – $2,800 | $1 / $1 | 1,652 / 1,500 | 17 / 3 | 3 | 18 |
| 4 Beds | $2,558 | $2,500 | $2,295 – $2,950 | $1 / $1 | 1,981 / 1,866 | 12 / 5 | 2 | 6 |
| 5 Beds | $2,795 | $2,795 | $2,795 – $2,795 | $1 / $1 | 2,937 / 2,937 | 16 / 16 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$439,000Median DOM:11New:37Total:112
Apr 2026
Median Price:$439,000Median DOM:7New:58Total:122
May 2026
Median Price:$439,000Median DOM:7New:70Total:152
Jun 2026
Median Price:$445,000Median DOM:12New:46Total:147
Jul 2026
Median Price:$432,950Median DOM:15New:45Total:137
Aug 2026
Median Price:$439,000Median DOM:17New:9Total:130
6-Month Rental Trend
Mar 2026
Median Rent:$1,950Median DOM:8New:20Total:38
Apr 2026
Median Rent:$2,050Median DOM:3New:22Total:47
May 2026
Median Rent:$1,995Median DOM:10New:16Total:45
Jun 2026
Median Rent:$1,950Median DOM:8New:17Total:47
Jul 2026
Median Rent:$1,995Median DOM:8New:14Total:45
Aug 2026
Median Rent:$2,000Median DOM:8New:8Total:47
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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