ZIP 23294 Housing Market Report
Richmond Metro
Report period: August 2026
23294 Monthly Market Update – August 2026
ZIP 23294 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$392,500
+6.1%
Median DOM (Sales)
21
+31.3%
New Listings (Sales)
2
−87.5%
Median Rent
$2,250
0.0%
Median DOM (Rental)
13
+44.4%
Total Rental Listings
28
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable.
What's Moving Fastest
- Fastest selling: Townhouse (13 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($485,000 median)
Sales Market Overview
Median Price
$392,500
+6.1%
Median DOM
21
+31.3%
New Listings
2
−87.5%
Inventory
47
−7.8%
- Average Price: $388,152
- Median Price: $392,500
- Price Range: $219,950 – $679,950
- Price per Sq Ft (Avg/Median): $218 / $220
- Square Footage (Avg/Median): 1,878 / 1,794
- Square Footage Range: 946 – 3,598
- Days on Market (Avg/Median): 33 / 21
- Days on Market Range: 3 – 114
- New Listings: 2
- Total Listings: 47
Sales by Property Type
Condo
Avg/Median Price$368,909 / $390,000Range$219,950 – $444,950Price per Sq Ft$187 / $177Sq Ft2,050 / 2,452DOM51 / 39New0Total17
Single Family
Avg/Median Price$419,435 / $415,000Range$279,950 – $679,950Price per Sq Ft$242 / $235Sq Ft1,839 / 1,794DOM22 / 14New2Total20
Townhouse
Avg/Median Price$358,300 / $315,000Range$280,000 – $490,000Price per Sq Ft$221 / $229Sq Ft1,662 / 1,376DOM24 / 13New0Total10
Sales by Bedroom Count
2 Beds
Avg:$338,406Median:$329,950Range:$219,950 – $425,000PSF:$247 / $217Sq Ft:1,392 / 1,523DOM:26 / 21New:0Total:8
3 Beds
Avg:$381,370Median:$390,000Range:$279,950 – $490,000PSF:$214 / $220Sq Ft:1,888 / 1,860DOM:38 / 16New:1Total:30
4 Beds
Avg:$451,225Median:$449,000Range:$286,000 – $679,950PSF:$213 / $208Sq Ft:2,111 / 2,080DOM:25 / 15New:1Total:8
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 | $338,406 | $329,950 | $219,950 – $425,000 | $247 / $217 | 1,392 / 1,523 | 26 / 21 | 0 | 8 |
| 3 Beds | $381,370 | $390,000 | $279,950 – $490,000 | $214 / $220 | 1,888 / 1,860 | 38 / 16 | 1 | 30 |
| 4 Beds | $451,225 | $449,000 | $286,000 – $679,950 | $213 / $208 | 2,111 / 2,080 | 25 / 15 | 1 | 8 |
| 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
13
+44.4%
New Listings
3
Inventory
28
0.0%
- Average Rent: $2,161
- Median Rent: $2,250
- Rent Range: $1,355 – $3,599
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,494 / 1,591
- Square Footage Range: 697 – 2,518
- Days on Market (Avg/Median): 27 / 13
- Days on Market Range: 1 – 160
- New Listings: 3
- Total Listings: 28
Rentals by Property Type
Apartment
$1,419
Median DOM: 160
Inventory: 7
MoM: 0.0%
Condo
$1,895
Median DOM: 13
Inventory: 6
MoM: 0.0%
Single Family
$2,300
Median DOM: 1
Inventory: 6
MoM: 0.0%
Townhouse
$2,395
Median DOM: 20
Inventory: 9
MoM: 0.0%
Apartment
Avg/Median Rent$1,455 / $1,419Range$1,355 – $1,631Rent per Sq Ft$2 / $2Sq Ft812 / 754DOM160 / 160New0Total7
Condo
Avg/Median Rent$2,189 / $1,895Range$1,850 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,681 / 1,608DOM13 / 13New1Total6
Single Family
Avg/Median Rent$2,524 / $2,300Range$1,600 – $3,599Rent per Sq Ft$2 / $2Sq Ft1,660 / 1,429DOM19 / 1New1Total6
Townhouse
Avg/Median Rent$2,448 / $2,395Range$2,150 – $2,900Rent per Sq Ft$1 / $1Sq Ft1,790 / 1,624DOM22 / 20New1Total9
Rentals by Bedroom Count
1 Beds
Avg:$1,400Median:$1,401Range:$1,355 – $1,434PSF:$2 / $2Sq Ft:728 / 705DOM:160 / 160New:0Total:5
2 Beds
Avg:$1,890Median:$1,850Range:$1,555 – $2,445PSF:$2 / $1Sq Ft:1,295 / 1,200DOM:6 / 1New:3Total:8
3 Beds
Avg:$2,538Median:$2,400Range:$2,150 – $3,599PSF:$1 / $1Sq Ft:1,808 / 1,632DOM:28 / 20New:0Total:13
4 Beds
Avg:$2,695Median:$2,395Range:$2,395 – $2,995PSF:$1 / $1Sq Ft:2,166 / 1,870DOM:13 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,400 | $1,401 | $1,355 – $1,434 | $2 / $2 | 728 / 705 | 160 / 160 | 0 | 5 |
| 2 Beds | $1,890 | $1,850 | $1,555 – $2,445 | $2 / $1 | 1,295 / 1,200 | 6 / 1 | 3 | 8 |
| 3 Beds | $2,538 | $2,400 | $2,150 – $3,599 | $1 / $1 | 1,808 / 1,632 | 28 / 20 | 0 | 13 |
| 4 Beds | $2,695 | $2,395 | $2,395 – $2,995 | $1 / $1 | 2,166 / 1,870 | 13 / 1 | 0 | 2 |
6-Month Sales Trend
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:$369,950Median DOM:16New:16Total:51
Aug 2026
Median Price:$392,500Median DOM:21New:2Total:47
6-Month Rental Trend
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:9New:8Total:28
Aug 2026
Median Rent:$2,250Median DOM:13New:3Total:28
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 was flat.
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