ZIP 23294 Housing Market Report
Richmond Metro
Report period: May 2026
23294 Monthly Market Update – May 2026
ZIP 23294 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$380,000
+0.0%
Median DOM (Sales)
8
−63.6%
New Listings (Sales)
11
−15.4%
Median Rent
$2,100
−2.1%
Median DOM (Rental)
9
0.0%
Total Rental Listings
30
−3.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (5 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($698,000 median)
Sales Market Overview
Median Price
$380,000
+0.0%
Median DOM
8
−63.6%
New Listings
11
−15.4%
Inventory
44
+22.2%
- Average Price: $388,734
- Median Price: $380,000
- Price Range: $189,999 – $698,000
- Price per Sq Ft (Avg/Median): $229 / $226
- Square Footage (Avg/Median): 1,767 / 1,540
- Square Footage Range: 863 – 3,132
- Days on Market (Avg/Median): 28 / 8
- Days on Market Range: 3 – 227
- New Listings: 11
- Total Listings: 44
Sales by Property Type
Condo
Avg/Median Price$341,423 / $347,900Range$189,999 – $440,000Price per Sq Ft$201 / $223Sq Ft1,783 / 1,523DOM62 / 46New1Total13
Manufactured
Avg/Median Price$420,000 / $420,000Range$420,000 – $420,000Price per Sq Ft$226 / $226Sq Ft1,860 / 1,860DOM5 / 5New1Total1
Single Family
Avg/Median Price$409,155 / $390,000Range$335,000 – $698,000Price per Sq Ft$252 / $256Sq Ft1,708 / 1,470DOM11 / 5New9Total21
Townhouse
Avg/Median Price$405,950 / $474,750Range$289,950 – $499,900Price per Sq Ft$217 / $227Sq Ft1,870 / 2,057DOM22 / 6New0Total9
Sales by Bedroom Count
2 Beds
Avg:$318,462Median:$339,950Range:$189,999 – $405,000PSF:$233 / $223Sq Ft:1,364 / 1,523DOM:54 / 46New:1Total:8
3 Beds
Avg:$391,212Median:$380,000Range:$290,000 – $499,900PSF:$236 / $234Sq Ft:1,738 / 1,702DOM:23 / 6New:9Total:29
4 Beds
Avg:$418,908Median:$390,000Range:$289,950 – $529,999PSF:$190 / $176Sq Ft:2,214 / 2,030DOM:23 / 5New:1Total:6
5 Beds
Avg:$698,000Median:$698,000Range:$698,000 – $698,000PSF:$223 / $223Sq Ft:3,132 / 3,132DOM:5 / 5New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $318,462 | $339,950 | $189,999 – $405,000 | $233 / $223 | 1,364 / 1,523 | 54 / 46 | 1 | 8 |
| 3 Beds | $391,212 | $380,000 | $290,000 – $499,900 | $236 / $234 | 1,738 / 1,702 | 23 / 6 | 9 | 29 |
| 4 Beds | $418,908 | $390,000 | $289,950 – $529,999 | $190 / $176 | 2,214 / 2,030 | 23 / 5 | 1 | 6 |
| 5 Beds | $698,000 | $698,000 | $698,000 – $698,000 | $223 / $223 | 3,132 / 3,132 | 5 / 5 | 0 | 1 |
Rental Market Overview
Median Rent
$2,100
−2.1%
Median DOM
9
0.0%
New Listings
5
Inventory
30
−3.2%
- Average Rent: $2,007
- Median Rent: $2,100
- Rent Range: $1,025 – $2,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,378 / 1,226
- Square Footage Range: 590 – 2,518
- Days on Market (Avg/Median): 27 / 9
- Days on Market Range: 1 – 141
- New Listings: 5
- Total Listings: 30
Rentals by Property Type
Apartment
$1,386
Median DOM: 69
Inventory: 8
MoM: −2.1%
Condo
—
Median DOM: —
Inventory: —
MoM: −2.1%
Single Family
$2,150
Median DOM: 1
Inventory: 15
MoM: −2.1%
Townhouse
$2,350
Median DOM: 20
Inventory: 7
MoM: −2.1%
Apartment
Avg/Median Rent$1,369 / $1,386Range$1,025 – $1,601Rent per Sq Ft$2 / $2Sq Ft799 / 754DOM69 / 69New0Total8
Single Family
Avg/Median Rent$2,202 / $2,150Range$1,550 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,405 / 1,388DOM24 / 1New5Total15
Townhouse
Avg/Median Rent$2,316 / $2,350Range$1,815 – $2,650Rent per Sq Ft$1 / $1Sq Ft1,979 / 1,992DOM26 / 20New0Total7
Rentals by Bedroom Count
1 Beds
Avg:$1,357Median:$1,386Range:$1,271 – $1,405PSF:$2 / $2Sq Ft:712 / 700DOM:69 / 69New:0Total:5
2 Beds
Avg:$1,612Median:$1,600Range:$1,025 – $2,150PSF:$2 / $2Sq Ft:1,007 / 956DOM:27 / 1New:1Total:7
3 Beds
Avg:$2,253Median:$2,195Range:$1,900 – $2,650PSF:$1 / $1Sq Ft:1,693 / 1,500DOM:18 / 1New:2Total:12
4 Beds
Avg:$2,515Median:$2,600Range:$2,145 – $2,800PSF:$2 / $1Sq Ft:1,734 / 1,540DOM:31 / 9New:2Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,357 | $1,386 | $1,271 – $1,405 | $2 / $2 | 712 / 700 | 69 / 69 | 0 | 5 |
| 2 Beds | $1,612 | $1,600 | $1,025 – $2,150 | $2 / $2 | 1,007 / 956 | 27 / 1 | 1 | 7 |
| 3 Beds | $2,253 | $2,195 | $1,900 – $2,650 | $1 / $1 | 1,693 / 1,500 | 18 / 1 | 2 | 12 |
| 4 Beds | $2,515 | $2,600 | $2,145 – $2,800 | $2 / $1 | 1,734 / 1,540 | 31 / 9 | 2 | 6 |
6-Month Sales Trend
Dec 2025
Median Price:$369,900Median DOM:46New:7Total:34
Jan 2026
Median Price:$349,900Median DOM:46New:5Total:31
Feb 2026
Median Price:$359,000Median DOM:27New:10Total:32
Mar 2026
Median Price:$375,000Median DOM:26New:10Total:32
Apr 2026
Median Price:$379,950Median DOM:22New:13Total:36
May 2026
Median Price:$380,000Median DOM:8New:11Total:44
6-Month Rental Trend
Dec 2025
Median Rent:$1,895Median DOM:1New:12Total:31
Jan 2026
Median Rent:$1,895Median DOM:13New:6Total:28
Feb 2026
Median Rent:$2,145Median DOM:3New:10Total:26
Mar 2026
Median Rent:$1,900Median DOM:9New:12Total:30
Apr 2026
Median Rent:$2,145Median DOM:9New:6Total:31
May 2026
Median Rent:$2,100Median DOM:9New:5Total:30
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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