ZIP 23237 Housing Market Report
Richmond Metro
Report period: August 2026
23237 Monthly Market Update – August 2026
ZIP 23237 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$364,600
+1.3%
Median DOM (Sales)
20
0.0%
New Listings (Sales)
10
−68.8%
Median Rent
$1,195
−7.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
47
+14.6%
Month-over-Month Movement
Median sale prices moved higher. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (17 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($1,222,000 median)
Sales Market Overview
Median Price
$364,600
+1.3%
Median DOM
20
0.0%
New Listings
10
−68.8%
Inventory
105
+8.2%
- Average Price: $356,472
- Median Price: $364,600
- Price Range: $33,000 – $1,222,000
- Price per Sq Ft (Avg/Median): $214 / $212
- Square Footage (Avg/Median): 1,840 / 1,740
- Square Footage Range: 904 – 4,016
- Days on Market (Avg/Median): 38 / 20
- Days on Market Range: 3 – 294
- New Listings: 10
- Total Listings: 105
Sales by Property Type
Land
Avg/Median Price$108,495 / $33,000Range$33,000 – $425,000Price per Sq Ft—Sq Ft—DOM102 / 62New0Total10
Single Family
Avg/Median Price$384,453 / $369,900Range$161,000 – $1,222,000Price per Sq Ft$214 / $212Sq Ft1,847 / 1,755DOM31 / 17New10Total91
Townhouse
Avg/Median Price$339,856 / $344,475Range$299,950 – $360,000Price per Sq Ft$204 / $206Sq Ft1,675 / 1,608DOM41 / 22New0Total4
Sales by Bedroom Count
2 Beds
Avg:$170,500Median:$161,000Range:$161,000 – $180,000PSF:$165 / $152Sq Ft:1,043 / 904DOM:5 / 3New:0Total:2
3 Beds
Avg:$357,911Median:$360,000Range:$214,900 – $600,000PSF:$230 / $225Sq Ft:1,594 / 1,593DOM:31 / 20New:7Total:52
4 Beds
Avg:$391,012Median:$410,000Range:$239,900 – $549,900PSF:$194 / $197Sq Ft:2,046 / 2,099DOM:35 / 18New:2Total:35
5 Beds
Avg:$453,712Median:$459,950Range:$399,950 – $489,950PSF:$175 / $174Sq Ft:2,680 / 2,610DOM:22 / 7New:1Total:4
6 Beds
Avg:$669,990Median:$669,990Range:$669,990 – $669,990PSF:$167 / $167Sq Ft:4,016 / 4,016DOM:29 / 29New:0Total:1
8 Beds
Avg:$1,222,000Median:$1,222,000Range:$1,222,000 – $1,222,000PSF:$354 / $354Sq Ft:3,455 / 3,455DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $170,500 | $161,000 | $161,000 – $180,000 | $165 / $152 | 1,043 / 904 | 5 / 3 | 0 | 2 |
| 3 Beds | $357,911 | $360,000 | $214,900 – $600,000 | $230 / $225 | 1,594 / 1,593 | 31 / 20 | 7 | 52 |
| 4 Beds | $391,012 | $410,000 | $239,900 – $549,900 | $194 / $197 | 2,046 / 2,099 | 35 / 18 | 2 | 35 |
| 5 Beds | $453,712 | $459,950 | $399,950 – $489,950 | $175 / $174 | 2,680 / 2,610 | 22 / 7 | 1 | 4 |
| 6 Beds | $669,990 | $669,990 | $669,990 – $669,990 | $167 / $167 | 4,016 / 4,016 | 29 / 29 | 0 | 1 |
| 8 Beds | $1,222,000 | $1,222,000 | $1,222,000 – $1,222,000 | $354 / $354 | 3,455 / 3,455 | 18 / 18 | 0 | 1 |
Rental Market Overview
Median Rent
$1,195
−7.7%
Median DOM
1
0.0%
New Listings
21
Inventory
47
+14.6%
- Average Rent: $1,524
- Median Rent: $1,195
- Rent Range: $760 – $3,100
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,104 / 980
- Square Footage Range: 480 – 2,187
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 146
- New Listings: 21
- Total Listings: 47
Rentals by Property Type
Apartment
$999
Median DOM: 8
Inventory: 15
MoM: −7.7%
Condo
$995
Median DOM: 1
Inventory: 12
MoM: −7.7%
Single Family
$2,149
Median DOM: 6
Inventory: 15
MoM: −7.7%
Townhouse
$2,495
Median DOM: 1
Inventory: 5
MoM: −7.7%
Apartment
Avg/Median Rent$1,065 / $999Range$890 – $1,446Rent per Sq Ft$2 / $2Sq Ft668 / 625DOM37 / 8New5Total15
Condo
Avg/Median Rent$1,006 / $995Range$760 – $1,295Rent per Sq Ft$2 / $1Sq Ft664 / 689DOM1 / 1New9Total12
Single Family
Avg/Median Rent$2,173 / $2,149Range$850 – $3,100Rent per Sq Ft$2 / $1Sq Ft1,573 / 1,584DOM16 / 6New5Total15
Townhouse
Avg/Median Rent$2,198 / $2,495Range$1,195 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,291 / 1,280DOM6 / 1New2Total5
Rentals by Bedroom Count
1 Beds
Avg:$1,016Median:$995Range:$850 – $1,380PSF:$2 / $2Sq Ft:616 / 625DOM:12 / 1New:12Total:21
2 Beds
Avg:$1,093Median:$1,195Range:$760 – $1,446PSF:$1 / $1Sq Ft:838 / 750DOM:42 / 1New:3Total:8
3 Beds
Avg:$2,168Median:$2,149Range:$1,499 – $2,850PSF:$2 / $2Sq Ft:1,402 / 1,280DOM:8 / 1New:5Total:14
4 Beds
Avg:$2,799Median:$2,700Range:$2,395 – $3,100PSF:$1 / $1Sq Ft:1,939 / 1,812DOM:12 / 12New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,016 | $995 | $850 – $1,380 | $2 / $2 | 616 / 625 | 12 / 1 | 12 | 21 |
| 2 Beds | $1,093 | $1,195 | $760 – $1,446 | $1 / $1 | 838 / 750 | 42 / 1 | 3 | 8 |
| 3 Beds | $2,168 | $2,149 | $1,499 – $2,850 | $2 / $2 | 1,402 / 1,280 | 8 / 1 | 5 | 14 |
| 4 Beds | $2,799 | $2,700 | $2,395 – $3,100 | $1 / $1 | 1,939 / 1,812 | 12 / 12 | 1 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$339,950Median DOM:15New:31Total:95
Apr 2026
Median Price:$350,000Median DOM:10New:38Total:99
May 2026
Median Price:$369,000Median DOM:9New:37Total:98
Jun 2026
Median Price:$375,000Median DOM:18New:32Total:93
Jul 2026
Median Price:$360,000Median DOM:20New:32Total:97
Aug 2026
Median Price:$364,600Median DOM:20New:10Total:105
6-Month Rental Trend
Mar 2026
Median Rent:$1,345Median DOM:1New:18Total:34
Apr 2026
Median Rent:$1,295Median DOM:1New:16Total:35
May 2026
Median Rent:$1,295Median DOM:1New:20Total:38
Jun 2026
Median Rent:$1,195Median DOM:1New:17Total:44
Jul 2026
Median Rent:$1,295Median DOM:1New:21Total:41
Aug 2026
Median Rent:$1,195Median DOM:1New:21Total: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 eased, 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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