ZIP 23237 Housing Market Report
Richmond Metro
Report period: May 2026
23237 Monthly Market Update – May 2026
ZIP 23237 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$359,900
+2.8%
Median DOM (Sales)
8
−20.0%
New Listings (Sales)
14
−63.2%
Median Rent
$1,295
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
33
−5.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (8 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($629,000 median)
Sales Market Overview
Median Price
$359,900
+2.8%
Median DOM
8
−20.0%
New Listings
14
−63.2%
Inventory
100
+1.0%
- Average Price: $362,621
- Median Price: $359,900
- Price Range: $65,000 – $629,000
- Price per Sq Ft (Avg/Median): $213 / $210
- Square Footage (Avg/Median): 1,841 / 1,688
- Square Footage Range: 768 – 4,124
- Days on Market (Avg/Median): 25 / 8
- Days on Market Range: 2 – 242
- New Listings: 14
- Total Listings: 100
Sales by Property Type
Land
Avg/Median Price$189,158 / $135,000Range$65,000 – $425,000Price per Sq Ft—Sq Ft—DOM58 / 18New1Total6
Single Family
Avg/Median Price$373,786 / $360,000Range$124,950 – $629,000Price per Sq Ft$213 / $210Sq Ft1,840 / 1,680DOM23 / 8New13Total93
Townhouse
Avg/Median Price$365,000 / $365,000Range$365,000 – $365,000Price per Sq Ft$191 / $191Sq Ft1,914 / 1,914DOM26 / 26New0Total1
Sales by Bedroom Count
2 Beds
Avg:$205,475Median:$230,000Range:$124,950 – $234,950PSF:$212 / $221Sq Ft:1,047 / 1,000DOM:4 / 2New:0Total:4
3 Beds
Avg:$354,571Median:$345,000Range:$227,500 – $600,000PSF:$224 / $221Sq Ft:1,630 / 1,604DOM:24 / 7New:4Total:51
4 Beds
Avg:$392,017Median:$399,000Range:$150,000 – $519,999PSF:$203 / $208Sq Ft:2,016 / 1,918DOM:23 / 12New:5Total:32
5 Beds
Avg:$483,910Median:$519,900Range:$359,900 – $599,900PSF:$186 / $184Sq Ft:2,631 / 3,036DOM:27 / 10New:2Total:5
6 Beds
Avg:$629,000Median:$629,000Range:$629,000 – $629,000PSF:$153 / $153Sq Ft:4,124 / 4,124DOM:4 / 2New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $205,475 | $230,000 | $124,950 – $234,950 | $212 / $221 | 1,047 / 1,000 | 4 / 2 | 0 | 4 |
| 3 Beds | $354,571 | $345,000 | $227,500 – $600,000 | $224 / $221 | 1,630 / 1,604 | 24 / 7 | 4 | 51 |
| 4 Beds | $392,017 | $399,000 | $150,000 – $519,999 | $203 / $208 | 2,016 / 1,918 | 23 / 12 | 5 | 32 |
| 5 Beds | $483,910 | $519,900 | $359,900 – $599,900 | $186 / $184 | 2,631 / 3,036 | 27 / 10 | 2 | 5 |
| 6 Beds | $629,000 | $629,000 | $629,000 – $629,000 | $153 / $153 | 4,124 / 4,124 | 4 / 2 | 2 | 2 |
Rental Market Overview
Median Rent
$1,295
0.0%
Median DOM
1
0.0%
New Listings
14
Inventory
33
−5.7%
- Average Rent: $1,517
- Median Rent: $1,295
- Rent Range: $850 – $2,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,015 / 800
- Square Footage Range: 500 – 2,539
- Days on Market (Avg/Median): 63 / 1
- Days on Market Range: 1 – 346
- New Listings: 14
- Total Listings: 33
Rentals by Property Type
Apartment
$1,000
Median DOM: 324
Inventory: 9
MoM: 0.0%
Condo
$1,195
Median DOM: 1
Inventory: 11
MoM: 0.0%
Single Family
$2,095
Median DOM: 1
Inventory: 12
MoM: 0.0%
Townhouse
$2,500
Median DOM: —
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$1,111 / $1,000Range$890 – $1,446Rent per Sq Ft$2 / $1Sq Ft713 / 633DOM204 / 324New2Total9
Condo
Avg/Median Rent$1,140 / $1,195Range$895 – $1,295Rent per Sq Ft$2 / $2Sq Ft618 / 689DOM1 / 1New9Total11
Single Family
Avg/Median Rent$2,085 / $2,095Range$850 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,509 / 1,326DOM37 / 1New3Total12
Townhouse
Avg/Median Rent$2,500 / $2,500Range$2,500 – $2,500Rent per Sq Ft$2 / $2Sq Ft1,260 / 1,260DOM—New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,114Median:$995Range:$850 – $1,500PSF:$2 / $2Sq Ft:634 / 633DOM:61 / 1New:10Total:18
2 Beds
Avg:$1,209Median:$1,195Range:$1,000 – $1,446PSF:$1 / $1Sq Ft:925 / 870DOM:183 / 54New:1Total:4
3 Beds
Avg:$2,278Median:$2,150Range:$1,825 – $2,800PSF:$2 / $2Sq Ft:1,505 / 1,260DOM:19 / 1New:3Total:8
4 Beds
Avg:$2,315Median:$2,350Range:$1,895 – $2,700PSF:$1 / $1Sq Ft:1,672 / 1,728DOM:1 / 1New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,114 | $995 | $850 – $1,500 | $2 / $2 | 634 / 633 | 61 / 1 | 10 | 18 |
| 2 Beds | $1,209 | $1,195 | $1,000 – $1,446 | $1 / $1 | 925 / 870 | 183 / 54 | 1 | 4 |
| 3 Beds | $2,278 | $2,150 | $1,825 – $2,800 | $2 / $2 | 1,505 / 1,260 | 19 / 1 | 3 | 8 |
| 4 Beds | $2,315 | $2,350 | $1,895 – $2,700 | $1 / $1 | 1,672 / 1,728 | 1 / 1 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$349,950Median DOM:36New:15Total:88
Jan 2026
Median Price:$349,950Median DOM:37New:16Total:68
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:$359,900Median DOM:8New:14Total:100
6-Month Rental Trend
Dec 2025
Median Rent:$1,195Median DOM:1New:12Total:30
Jan 2026
Median Rent:$1,595Median DOM:1New:12Total:31
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:14Total:33
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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