ZIP 23238 Housing Market Report
Richmond Metro
Report period: July 2026
23238 Monthly Market Update – July 2026
ZIP 23238 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$599,950
+1.8%
Median DOM (Sales)
14
+27.3%
New Listings (Sales)
6
−81.3%
Median Rent
$1,795
0.0%
Median DOM (Rental)
14
+7.7%
Total Rental Listings
27
+8.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (10 DOM)
- Fastest renting: Apartment (3 DOM)
- Strongest bedroom: 6 Beds ($1,499,950 median)
Sales Market Overview
Median Price
$599,950
+1.8%
Median DOM
14
+27.3%
New Listings
6
−81.3%
Inventory
103
−7.2%
- Average Price: $861,432
- Median Price: $599,950
- Price Range: $168,000 – $6,950,000
- Price per Sq Ft (Avg/Median): $282 / $243
- Square Footage (Avg/Median): 2,888 / 2,335
- Square Footage Range: 878 – 9,416
- Days on Market (Avg/Median): 32 / 14
- Days on Market Range: 2 – 234
- New Listings: 6
- Total Listings: 103
Sales by Property Type
Condo
Avg/Median Price$211,400 / $202,500Range$168,000 – $260,000Price per Sq Ft$163 / $172Sq Ft1,398 / 1,364DOM42 / 25New0Total7
Land
Avg/Median Price$595,000 / $240,000Range$240,000 – $950,000Price per Sq Ft—Sq Ft—DOM157 / 80New0Total2
Single Family
Avg/Median Price$1,119,014 / $750,000Range$389,000 – $6,950,000Price per Sq Ft$311 / $256Sq Ft3,534 / 3,138DOM28 / 10New5Total67
Townhouse
Avg/Median Price$410,510 / $349,990Range$272,000 – $690,000Price per Sq Ft$241 / $233Sq Ft1,672 / 1,664DOM29 / 16New1Total27
Sales by Bedroom Count
1 Beds
Avg:$176,500Median:$168,000Range:$168,000 – $185,000PSF:$199 / $191Sq Ft:886 / 878DOM:21 / 17New:0Total:2
2 Beds
Avg:$401,180Median:$299,500Range:$199,500 – $679,900PSF:$244 / $232Sq Ft:1,569 / 1,340DOM:47 / 28New:0Total:5
3 Beds
Avg:$618,545Median:$389,000Range:$229,900 – $6,950,000PSF:$305 / $236Sq Ft:1,792 / 1,665DOM:30 / 16New:1Total:35
4 Beds
Avg:$805,512Median:$649,950Range:$260,000 – $1,980,000PSF:$269 / $254Sq Ft:2,941 / 2,628DOM:31 / 13New:2Total:32
5 Beds
Avg:$1,267,880Median:$819,000Range:$202,500 – $3,990,500PSF:$277 / $237Sq Ft:4,246 / 3,663DOM:25 / 9New:2Total:22
6 Beds
Avg:$2,036,617Median:$1,499,950Range:$659,900 – $3,950,000PSF:$323 / $238Sq Ft:5,683 / 6,298DOM:8 / 9New:1Total:3
7 Beds
Avg:$1,874,975Median:$1,499,950Range:$1,499,950 – $2,250,000PSF:$255 / $198Sq Ft:7,398 / 7,203DOM:37 / 17New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $176,500 | $168,000 | $168,000 – $185,000 | $199 / $191 | 886 / 878 | 21 / 17 | 0 | 2 |
| 2 Beds | $401,180 | $299,500 | $199,500 – $679,900 | $244 / $232 | 1,569 / 1,340 | 47 / 28 | 0 | 5 |
| 3 Beds | $618,545 | $389,000 | $229,900 – $6,950,000 | $305 / $236 | 1,792 / 1,665 | 30 / 16 | 1 | 35 |
| 4 Beds | $805,512 | $649,950 | $260,000 – $1,980,000 | $269 / $254 | 2,941 / 2,628 | 31 / 13 | 2 | 32 |
| 5 Beds | $1,267,880 | $819,000 | $202,500 – $3,990,500 | $277 / $237 | 4,246 / 3,663 | 25 / 9 | 2 | 22 |
| 6 Beds | $2,036,617 | $1,499,950 | $659,900 – $3,950,000 | $323 / $238 | 5,683 / 6,298 | 8 / 9 | 1 | 3 |
| 7 Beds | $1,874,975 | $1,499,950 | $1,499,950 – $2,250,000 | $255 / $198 | 7,398 / 7,203 | 37 / 17 | 0 | 2 |
Rental Market Overview
Median Rent
$1,795
0.0%
Median DOM
14
+7.7%
New Listings
5
Inventory
27
+8.0%
- Average Rent: $2,346
- Median Rent: $1,795
- Rent Range: $1,260 – $6,300
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,518 / 1,090
- Square Footage Range: 558 – 4,856
- Days on Market (Avg/Median): 25 / 14
- Days on Market Range: 1 – 162
- New Listings: 5
- Total Listings: 27
Rentals by Property Type
Apartment
$1,400
Median DOM: 3
Inventory: 10
MoM: 0.0%
Condo
$1,490
Median DOM: 20
Inventory: 2
MoM: 0.0%
Single Family
$3,195
Median DOM: 5
Inventory: 11
MoM: 0.0%
Townhouse
$2,100
Median DOM: 13
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,423 / $1,400Range$1,260 – $1,650Rent per Sq Ft$2 / $2Sq Ft769 / 729DOM12 / 3New1Total10
Condo
Avg/Median Rent$1,608 / $1,490Range$1,490 – $1,725Rent per Sq Ft$1 / $1Sq Ft1,204 / 1,090DOM52 / 20New0Total2
Multi-Family
Avg/Median Rent$1,795 / $1,795Range$1,795 – $1,795Rent per Sq Ft$2 / $2Sq Ft1,008 / 1,008DOM36 / 36New0Total1
Single Family
Avg/Median Rent$3,391 / $3,195Range$1,500 – $6,300Rent per Sq Ft$1 / $1Sq Ft2,344 / 2,300DOM23 / 5New4Total11
Townhouse
Avg/Median Rent$2,265 / $2,100Range$1,795 – $2,899Rent per Sq Ft$2 / $1Sq Ft1,280 / 1,280DOM19 / 13New0Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,411Median:$1,439Range:$1,260 – $1,571PSF:$2 / $2Sq Ft:758 / 715DOM:20 / 20New:0Total:8
2 Beds
Avg:$1,675Median:$1,650Range:$1,378 – $2,100PSF:$2 / $2Sq Ft:1,082 / 1,008DOM:23 / 3New:1Total:8
3 Beds
Avg:$2,844Median:$2,899Range:$1,795 – $3,350PSF:$1 / $1Sq Ft:1,936 / 2,058DOM:8 / 2New:3Total:5
4 Beds
Avg:$3,716Median:$3,195Range:$2,690 – $6,300PSF:$1 / $1Sq Ft:2,928 / 2,486DOM:17 / 16New:1Total:5
5 Beds
Avg:$5,850Median:$5,850Range:$5,850 – $5,850PSF:$2 / $2Sq Ft:2,352 / 2,352DOM:162 / 162New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,411 | $1,439 | $1,260 – $1,571 | $2 / $2 | 758 / 715 | 20 / 20 | 0 | 8 |
| 2 Beds | $1,675 | $1,650 | $1,378 – $2,100 | $2 / $2 | 1,082 / 1,008 | 23 / 3 | 1 | 8 |
| 3 Beds | $2,844 | $2,899 | $1,795 – $3,350 | $1 / $1 | 1,936 / 2,058 | 8 / 2 | 3 | 5 |
| 4 Beds | $3,716 | $3,195 | $2,690 – $6,300 | $1 / $1 | 2,928 / 2,486 | 17 / 16 | 1 | 5 |
| 5 Beds | $5,850 | $5,850 | $5,850 – $5,850 | $2 / $2 | 2,352 / 2,352 | 162 / 162 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$569,950Median DOM:17New:18Total:67
Mar 2026
Median Price:$525,000Median DOM:12New:34Total:77
Apr 2026
Median Price:$525,000Median DOM:8New:60Total:111
May 2026
Median Price:$550,000Median DOM:8New:43Total:128
Jun 2026
Median Price:$589,500Median DOM:11New:32Total:111
Jul 2026
Median Price:$599,950Median DOM:14New:6Total:103
6-Month Rental Trend
Feb 2026
Median Rent:$1,775Median DOM:24New:8Total:36
Mar 2026
Median Rent:$1,889Median DOM:36New:7Total:30
Apr 2026
Median Rent:$1,995Median DOM:19New:7Total:31
May 2026
Median Rent:$1,900Median DOM:21New:5Total:29
Jun 2026
Median Rent:$1,795Median DOM:13New:9Total:25
Jul 2026
Median Rent:$1,795Median DOM:14New:5Total:27
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150232192322023221232222322323224232252322623227+11 more
← Back to Richmond Metro