ZIP 23294 Housing Market Report
Richmond Metro
Report period: July 2026
23294 Monthly Market Update – July 2026
ZIP 23294 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$360,000
−4.0%
Median DOM (Sales)
14
−6.7%
New Listings (Sales)
5
−66.7%
Median Rent
$2,250
0.0%
Median DOM (Rental)
3
0.0%
Total Rental Listings
29
+3.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (10 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($485,000 median)
Sales Market Overview
Median Price
$360,000
−4.0%
Median DOM
14
−6.7%
New Listings
5
−66.7%
Inventory
54
−8.5%
- Average Price: $373,325
- Median Price: $360,000
- Price Range: $179,999 – $510,000
- Price per Sq Ft (Avg/Median): $215 / $220
- Square Footage (Avg/Median): 1,812 / 1,650
- Square Footage Range: 863 – 3,598
- Days on Market (Avg/Median): 31 / 14
- Days on Market Range: 2 – 154
- New Listings: 5
- Total Listings: 54
Sales by Property Type
Condo
Avg/Median Price$352,959 / $339,950Range$179,999 – $449,950Price per Sq Ft$194 / $209Sq Ft1,902 / 1,523DOM57 / 55New2Total17
Single Family
Avg/Median Price$390,756 / $389,000Range$279,950 – $499,999Price per Sq Ft$227 / $223Sq Ft1,813 / 1,702DOM18 / 10New2Total23
Townhouse
Avg/Median Price$369,417 / $319,999Range$259,950 – $510,000Price per Sq Ft$222 / $229Sq Ft1,701 / 1,650DOM21 / 11New1Total14
Sales by Bedroom Count
2 Beds
Avg:$297,739Median:$329,950Range:$179,999 – $339,950PSF:$223 / $220Sq Ft:1,341 / 1,523DOM:52 / 34New:2Total:9
3 Beds
Avg:$380,269Median:$369,950Range:$259,950 – $510,000PSF:$220 / $224Sq Ft:1,821 / 1,702DOM:30 / 14New:2Total:34
4 Beds
Avg:$406,575Median:$420,000Range:$286,000 – $499,999PSF:$200 / $203Sq Ft:2,026 / 2,080DOM:17 / 7New:1Total:10
6 Beds
Avg:$485,000Median:$485,000Range:$485,000 – $485,000PSF:$135 / $135Sq Ft:3,598 / 3,598DOM:6 / 6New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $297,739 | $329,950 | $179,999 – $339,950 | $223 / $220 | 1,341 / 1,523 | 52 / 34 | 2 | 9 |
| 3 Beds | $380,269 | $369,950 | $259,950 – $510,000 | $220 / $224 | 1,821 / 1,702 | 30 / 14 | 2 | 34 |
| 4 Beds | $406,575 | $420,000 | $286,000 – $499,999 | $200 / $203 | 2,026 / 2,080 | 17 / 7 | 1 | 10 |
| 6 Beds | $485,000 | $485,000 | $485,000 – $485,000 | $135 / $135 | 3,598 / 3,598 | 6 / 6 | 0 | 1 |
Rental Market Overview
Median Rent
$2,250
0.0%
Median DOM
3
0.0%
New Listings
5
Inventory
29
+3.6%
- Average Rent: $2,119
- Median Rent: $2,250
- Rent Range: $1,250 – $3,599
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,407 / 1,500
- Square Footage Range: 590 – 2,462
- Days on Market (Avg/Median): 17 / 3
- Days on Market Range: 1 – 130
- New Listings: 5
- Total Listings: 29
Rentals by Property Type
Apartment
$1,401
Median DOM: 130
Inventory: 7
MoM: 0.0%
Condo
$1,850
Median DOM: 7
Inventory: 4
MoM: 0.0%
Single Family
$2,300
Median DOM: 1
Inventory: 9
MoM: 0.0%
Townhouse
$2,395
Median DOM: 8
Inventory: 9
MoM: 0.0%
Apartment
Avg/Median Rent$1,433 / $1,401Range$1,250 – $1,631Rent per Sq Ft$2 / $2Sq Ft784 / 700DOM130 / 130New0Total7
Condo
Avg/Median Rent$1,835 / $1,850Range$1,700 – $1,895Rent per Sq Ft$1 / $1Sq Ft1,299 / 1,040DOM6 / 7New1Total4
Single Family
Avg/Median Rent$2,454 / $2,300Range$1,600 – $3,599Rent per Sq Ft$2 / $2Sq Ft1,557 / 1,500DOM11 / 1New2Total9
Townhouse
Avg/Median Rent$2,445 / $2,395Range$2,150 – $2,900Rent per Sq Ft$1 / $1Sq Ft1,790 / 1,624DOM14 / 8New2Total9
Rentals by Bedroom Count
1 Beds
Avg:$1,368Median:$1,379Range:$1,250 – $1,494PSF:$2 / $2Sq Ft:688 / 697DOM:130 / 130New:0Total:5
2 Beds
Avg:$1,872Median:$1,850Range:$1,560 – $2,467PSF:$2 / $2Sq Ft:1,258 / 1,200DOM:4 / 1New:2Total:9
3 Beds
Avg:$2,499Median:$2,300Range:$2,150 – $3,599PSF:$1 / $1Sq Ft:1,722 / 1,624DOM:19 / 13New:2Total:11
4 Beds
Avg:$2,571Median:$2,400Range:$2,395 – $2,995PSF:$2 / $1Sq Ft:1,774 / 1,540DOM:5 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,368 | $1,379 | $1,250 – $1,494 | $2 / $2 | 688 / 697 | 130 / 130 | 0 | 5 |
| 2 Beds | $1,872 | $1,850 | $1,560 – $2,467 | $2 / $2 | 1,258 / 1,200 | 4 / 1 | 2 | 9 |
| 3 Beds | $2,499 | $2,300 | $2,150 – $3,599 | $1 / $1 | 1,722 / 1,624 | 19 / 13 | 2 | 11 |
| 4 Beds | $2,571 | $2,400 | $2,395 – $2,995 | $2 / $1 | 1,774 / 1,540 | 5 / 1 | 1 | 4 |
6-Month Sales Trend
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:11New:28Total:55
Jun 2026
Median Price:$374,900Median DOM:15New:15Total:59
Jul 2026
Median Price:$360,000Median DOM:14New:5Total:54
6-Month Rental Trend
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:$2,150Median DOM:15New:10Total:29
Jun 2026
Median Rent:$2,250Median DOM:3New:12Total:28
Jul 2026
Median Rent:$2,250Median DOM:3New:5Total:29
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving 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.
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