ZIP 23237 Housing Market Report
Richmond Metro
Report period: July 2026
23237 Monthly Market Update – July 2026
ZIP 23237 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$372,500
−0.7%
Median DOM (Sales)
21
+16.7%
New Listings (Sales)
5
−84.4%
Median Rent
$1,195
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
42
−4.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($629,000 median)
Sales Market Overview
Median Price
$372,500
−0.7%
Median DOM
21
+16.7%
New Listings
5
−84.4%
Inventory
91
−2.2%
- Average Price: $359,340
- Median Price: $372,500
- Price Range: $38,000 – $679,990
- Price per Sq Ft (Avg/Median): $208 / $204
- Square Footage (Avg/Median): 1,952 / 1,817
- Square Footage Range: 721 – 4,124
- Days on Market (Avg/Median): 35 / 21
- Days on Market Range: 2 – 294
- New Listings: 5
- Total Listings: 91
Sales by Property Type
Land
Avg/Median Price$113,995 / $38,000Range$38,000 – $425,000Price per Sq Ft—Sq Ft—DOM74 / 31New0Total10
Single Family
Avg/Median Price$391,738 / $379,950Range$165,000 – $679,990Price per Sq Ft$208 / $204Sq Ft1,963 / 1,817DOM29 / 18New4Total78
Townhouse
Avg/Median Price$334,808 / $344,475Range$299,950 – $360,000Price per Sq Ft$203 / $206Sq Ft1,659 / 1,608DOM41 / 28New1Total3
Sales by Bedroom Count
2 Beds
Avg:$194,917Median:$187,750Range:$165,000 – $232,000PSF:$230 / $229Sq Ft:890 / 768DOM:23 / 23New:0Total:3
3 Beds
Avg:$363,292Median:$365,900Range:$214,900 – $600,000PSF:$225 / $219Sq Ft:1,650 / 1,620DOM:30 / 19New:1Total:41
4 Beds
Avg:$407,382Median:$410,000Range:$239,900 – $549,900PSF:$190 / $191Sq Ft:2,184 / 2,109DOM:30 / 12New:4Total:30
5 Beds
Avg:$509,958Median:$519,900Range:$365,000 – $594,950PSF:$180 / $188Sq Ft:2,821 / 2,974DOM:34 / 29New:0Total:5
6 Beds
Avg:$654,495Median:$629,000Range:$629,000 – $679,990PSF:$161 / $153Sq Ft:4,070 / 4,016DOM:20 / 18New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $194,917 | $187,750 | $165,000 – $232,000 | $230 / $229 | 890 / 768 | 23 / 23 | 0 | 3 |
| 3 Beds | $363,292 | $365,900 | $214,900 – $600,000 | $225 / $219 | 1,650 / 1,620 | 30 / 19 | 1 | 41 |
| 4 Beds | $407,382 | $410,000 | $239,900 – $549,900 | $190 / $191 | 2,184 / 2,109 | 30 / 12 | 4 | 30 |
| 5 Beds | $509,958 | $519,900 | $365,000 – $594,950 | $180 / $188 | 2,821 / 2,974 | 34 / 29 | 0 | 5 |
| 6 Beds | $654,495 | $629,000 | $629,000 – $679,990 | $161 / $153 | 4,070 / 4,016 | 20 / 18 | 0 | 2 |
Rental Market Overview
Median Rent
$1,195
0.0%
Median DOM
1
0.0%
New Listings
14
Inventory
42
−4.5%
- Average Rent: $1,577
- Median Rent: $1,195
- Rent Range: $566 – $3,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,111 / 800
- Square Footage Range: 480 – 2,424
- Days on Market (Avg/Median): 17 / 1
- Days on Market Range: 1 – 115
- New Listings: 14
- Total Listings: 42
Rentals by Property Type
Apartment
$999
Median DOM: 29
Inventory: 11
MoM: 0.0%
Condo
$995
Median DOM: 1
Inventory: 13
MoM: 0.0%
Single Family
$2,295
Median DOM: 11
Inventory: 15
MoM: 0.0%
Townhouse
$2,500
Median DOM: 4
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,090 / $999Range$566 – $1,995Rent per Sq Ft$2 / $2Sq Ft701 / 635DOM46 / 29New1Total11
Condo
Avg/Median Rent$1,103 / $995Range$895 – $1,295Rent per Sq Ft$2 / $2Sq Ft671 / 689DOM1 / 1New9Total13
Single Family
Avg/Median Rent$2,241 / $2,295Range$850 – $3,000Rent per Sq Ft$1 / $1Sq Ft1,789 / 1,812DOM22 / 11New3Total15
Townhouse
Avg/Median Rent$2,098 / $2,500Range$1,195 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,245 / 1,260DOM10 / 4New1Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,021Median:$995Range:$566 – $1,360PSF:$2 / $2Sq Ft:646 / 689DOM:19 / 1New:9Total:21
2 Beds
Avg:$1,156Median:$1,195Range:$1,000 – $1,195PSF:$1 / $2Sq Ft:790 / 750DOM:26 / 4New:2Total:5
3 Beds
Avg:$2,359Median:$2,200Range:$1,825 – $3,000PSF:$2 / $1Sq Ft:1,628 / 1,613DOM:10 / 1New:3Total:12
4 Beds
Avg:$2,674Median:$2,600Range:$2,395 – $3,000PSF:$1 / $1Sq Ft:1,911 / 1,812DOM:18 / 17New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,021 | $995 | $566 – $1,360 | $2 / $2 | 646 / 689 | 19 / 1 | 9 | 21 |
| 2 Beds | $1,156 | $1,195 | $1,000 – $1,195 | $1 / $2 | 790 / 750 | 26 / 4 | 2 | 5 |
| 3 Beds | $2,359 | $2,200 | $1,825 – $3,000 | $2 / $1 | 1,628 / 1,613 | 10 / 1 | 3 | 12 |
| 4 Beds | $2,674 | $2,600 | $2,395 – $3,000 | $1 / $1 | 1,911 / 1,812 | 18 / 17 | 0 | 4 |
6-Month Sales Trend
Feb 2026
Median Price:$349,000Median DOM:25New:34Total:83
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:$372,500Median DOM:21New:5Total:91
6-Month Rental Trend
Feb 2026
Median Rent:$1,295Median DOM:1New:18Total:32
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:$1,195Median DOM:1New:14Total:42
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 tightened.
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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