ZIP 23236 Housing Market Report
Richmond Metro
Report period: May 2026
23236 Monthly Market Update – May 2026
ZIP 23236 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$410,000
−1.2%
Median DOM (Sales)
8
0.0%
New Listings (Sales)
15
−58.3%
Median Rent
$2,400
0.0%
Median DOM (Rental)
21
−12.5%
Total Rental Listings
32
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents were stable.
What's Moving Fastest
- Fastest selling: Condo (6 DOM)
- Fastest renting: Single Family (21 DOM)
- Strongest bedroom: 5 Beds ($495,000 median)
Sales Market Overview
Median Price
$410,000
−1.2%
Median DOM
8
0.0%
New Listings
15
−58.3%
Inventory
105
+6.1%
- Average Price: $440,437
- Median Price: $410,000
- Price Range: $79,000 – $899,000
- Price per Sq Ft (Avg/Median): $229 / $226
- Square Footage (Avg/Median): 1,986 / 1,824
- Square Footage Range: 794 – 4,802
- Days on Market (Avg/Median): 30 / 8
- Days on Market Range: 2 – 300
- New Listings: 15
- Total Listings: 105
Sales by Property Type
Condo
Avg/Median Price$401,212 / $374,950Range$369,950 – $480,000Price per Sq Ft$224 / $214Sq Ft1,795 / 1,728DOM38 / 6New0Total4
Land
Avg/Median Price$329,000 / $79,000Range$79,000 – $579,000Price per Sq Ft—Sq Ft—DOM126 / 46New0Total2
Single Family
Avg/Median Price$432,252 / $399,900Range$200,000 – $899,000Price per Sq Ft$223 / $220Sq Ft1,998 / 1,805DOM28 / 7New13Total88
Townhouse
Avg/Median Price$540,437 / $551,934Range$250,000 – $664,109Price per Sq Ft$285 / $302Sq Ft1,956 / 1,840DOM35 / 23New2Total11
Sales by Bedroom Count
2 Beds
Avg:$404,947Median:$374,950Range:$249,990 – $585,638PSF:$259 / $244Sq Ft:1,596 / 1,650DOM:31 / 6New:0Total:8
3 Beds
Avg:$394,337Median:$369,000Range:$200,000 – $664,109PSF:$247 / $236Sq Ft:1,602 / 1,600DOM:33 / 9New:5Total:49
4 Beds
Avg:$478,494Median:$439,000Range:$200,000 – $829,950PSF:$207 / $209Sq Ft:2,355 / 2,132DOM:17 / 5New:9Total:36
5 Beds
Avg:$580,000Median:$495,000Range:$380,000 – $899,000PSF:$203 / $194Sq Ft:2,850 / 2,379DOM:50 / 28New:1Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $404,947 | $374,950 | $249,990 – $585,638 | $259 / $244 | 1,596 / 1,650 | 31 / 6 | 0 | 8 |
| 3 Beds | $394,337 | $369,000 | $200,000 – $664,109 | $247 / $236 | 1,602 / 1,600 | 33 / 9 | 5 | 49 |
| 4 Beds | $478,494 | $439,000 | $200,000 – $829,950 | $207 / $209 | 2,355 / 2,132 | 17 / 5 | 9 | 36 |
| 5 Beds | $580,000 | $495,000 | $380,000 – $899,000 | $203 / $194 | 2,850 / 2,379 | 50 / 28 | 1 | 10 |
Rental Market Overview
Median Rent
$2,400
0.0%
Median DOM
21
−12.5%
New Listings
2
Inventory
32
0.0%
- Average Rent: $2,471
- Median Rent: $2,400
- Rent Range: $750 – $7,237
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,641 / 1,656
- Square Footage Range: 300 – 2,648
- Days on Market (Avg/Median): 73 / 21
- Days on Market Range: 1 – 363
- New Listings: 2
- Total Listings: 32
Rentals by Property Type
Apartment
$1,500
Median DOM: 67
Inventory: 5
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,495
Median DOM: 21
Inventory: 27
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,698 / $1,500Range$1,215 – $7,237Rent per Sq Ft$3 / $2Sq Ft670 / 655DOM128 / 67New0Total5
Single Family
Avg/Median Rent$2,429 / $2,495Range$750 – $3,345Rent per Sq Ft$1 / $1Sq Ft1,785 / 1,766DOM64 / 21New2Total27
Rentals by Bedroom Count
Studio
Avg:$2,129Median:$2,129Range:$2,129 – $2,129PSF:$7 / $7Sq Ft:300 / 300DOM:1 / 1New:0Total:1
1 Beds
Avg:$1,124Median:$1,215Range:$750 – $1,407PSF:$1 / $2Sq Ft:1,228 / 790DOM:164 / 67New:0Total:3
2 Beds
Avg:$1,848Median:$1,500Range:$1,500 – $2,195PSF:$2 / $2Sq Ft:1,173 / 936DOM:363 / 363New:0Total:2
3 Beds
Avg:$2,344Median:$2,400Range:$1,850 – $2,800PSF:$1 / $2Sq Ft:1,603 / 1,594DOM:16 / 10New:2Total:13
4 Beds
Avg:$2,652Median:$2,595Range:$2,095 – $3,345PSF:$1 / $1Sq Ft:1,984 / 1,952DOM:93 / 21New:0Total:11
5 Beds
Avg:$5,118Median:$3,000Range:$3,000 – $7,237PSF:$2 / $2Sq Ft:1,872 / 1,872DOM:138 / 80New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,129 | $2,129 | $2,129 – $2,129 | $7 / $7 | 300 / 300 | 1 / 1 | 0 | 1 |
| 1 Beds | $1,124 | $1,215 | $750 – $1,407 | $1 / $2 | 1,228 / 790 | 164 / 67 | 0 | 3 |
| 2 Beds | $1,848 | $1,500 | $1,500 – $2,195 | $2 / $2 | 1,173 / 936 | 363 / 363 | 0 | 2 |
| 3 Beds | $2,344 | $2,400 | $1,850 – $2,800 | $1 / $2 | 1,603 / 1,594 | 16 / 10 | 2 | 13 |
| 4 Beds | $2,652 | $2,595 | $2,095 – $3,345 | $1 / $1 | 1,984 / 1,952 | 93 / 21 | 0 | 11 |
| 5 Beds | $5,118 | $3,000 | $3,000 – $7,237 | $2 / $2 | 1,872 / 1,872 | 138 / 80 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$396,000Median DOM:40New:18Total:111
Jan 2026
Median Price:$396,000Median DOM:28New:33Total:101
Feb 2026
Median Price:$399,995Median DOM:15New:34Total:101
Mar 2026
Median Price:$400,000Median DOM:8New:35Total:97
Apr 2026
Median Price:$415,000Median DOM:8New:36Total:99
May 2026
Median Price:$410,000Median DOM:8New:15Total:105
6-Month Rental Trend
Dec 2025
Median Rent:$2,400Median DOM:44New:5Total:24
Jan 2026
Median Rent:$2,400Median DOM:71New:6Total:21
Feb 2026
Median Rent:$2,400Median DOM:12New:5Total:19
Mar 2026
Median Rent:$2,400Median DOM:28New:6Total:23
Apr 2026
Median Rent:$2,400Median DOM:24New:14Total:32
May 2026
Median Rent:$2,400Median DOM:21New:2Total:32
Key Market Takeaways
Median sale prices softened 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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