ZIP 23047 Housing Market Report
Richmond Metro
Report period: March 2026
23047 Monthly Market Update – March 2026
ZIP 23047 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$499,500
+4.3%
Median DOM (Sales)
11
−79.2%
New Listings (Sales)
1
+1
Median Rent
$1,700
−32.0%
Median DOM (Rental)
7
+600.0%
Total Rental Listings
1
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened.
What's Moving Fastest
- Fastest selling: Land (2 DOM)
- Fastest renting: Single Family (7 DOM)
- Strongest bedroom: 5 Beds ($1,150,000 median)
Sales Market Overview
Median Price
$499,500
+4.3%
Median DOM
11
−79.2%
New Listings
1
+1
Inventory
6
+20.0%
- Average Price: $595,400
- Median Price: $499,500
- Price Range: $160,000 – $1,150,000
- Price per Sq Ft (Avg/Median): $258 / $221
- Square Footage (Avg/Median): 2,728 / 2,420
- Square Footage Range: 1,056 – 5,200
- Days on Market (Avg/Median): 45 / 11
- Days on Market Range: 2 – 104
- New Listings: 1
- Total Listings: 6
Sales by Property Type
Land
Avg/Median Price$160,000 / $160,000Range$160,000 – $160,000Price per Sq Ft—Sq Ft—DOM2 / 2New0Total1
Manufactured
Avg/Median Price$499,500 / $499,500Range$499,500 – $499,500Price per Sq Ft$206 / $206Sq Ft2,420 / 2,420DOM6 / 6New1Total1
Single Family
Avg/Median Price$728,225 / $719,900Range$228,000 – $1,150,000Price per Sq Ft$271 / $221Sq Ft2,805 / 1,898DOM65 / 53New0Total4
Sales by Bedroom Count
3 Beds
Avg:$473,950Median:$228,000Range:$228,000 – $719,900PSF:$298 / $216Sq Ft:1,477 / 1,056DOM:58 / 11New:0Total:2
4 Beds
Avg:$657,250Median:$499,500Range:$499,500 – $815,000PSF:$236 / $206Sq Ft:2,743 / 2,420DOM:30 / 6New:1Total:2
5 Beds
Avg:$1,150,000Median:$1,150,000Range:$1,150,000 – $1,150,000PSF:$221 / $221Sq Ft:5,200 / 5,200DOM:91 / 91New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $473,950 | $228,000 | $228,000 – $719,900 | $298 / $216 | 1,477 / 1,056 | 58 / 11 | 0 | 2 |
| 4 Beds | $657,250 | $499,500 | $499,500 – $815,000 | $236 / $206 | 2,743 / 2,420 | 30 / 6 | 1 | 2 |
| 5 Beds | $1,150,000 | $1,150,000 | $1,150,000 – $1,150,000 | $221 / $221 | 5,200 / 5,200 | 91 / 91 | 0 | 1 |
Rental Market Overview
Median Rent
$1,700
−32.0%
Median DOM
7
+600.0%
New Listings
1
Inventory
1
0.0%
- Average Rent: $1,700
- Median Rent: $1,700
- Rent Range: $1,700 – $1,700
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,512 / 1,512
- Square Footage Range: 1,512 – 1,512
- Days on Market (Avg/Median): 7 / 7
- Days on Market Range: 7 – 7
- New Listings: 1
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: −32.0%
Condo
—
Median DOM: —
Inventory: —
MoM: −32.0%
Single Family
$1,700
Median DOM: 7
Inventory: 1
MoM: −32.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −32.0%
Single Family
Avg/Median Rent$1,700 / $1,700Range$1,700 – $1,700Rent per Sq Ft$1 / $1Sq Ft1,512 / 1,512DOM7 / 7New1Total1
Rentals by Bedroom Count
3 Beds
Avg:$1,700Median:$1,700Range:$1,700 – $1,700PSF:$1 / $1Sq Ft:1,512 / 1,512DOM:7 / 7New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,700 | $1,700 | $1,700 – $1,700 | $1 / $1 | 1,512 / 1,512 | 7 / 7 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$425,000Median DOM:50New:4Total:14
Nov 2025
Median Price:$418,000Median DOM:80New:2Total:13
Dec 2025
Median Price:$425,000Median DOM:34New:4Total:12
Jan 2026
Median Price:$478,900Median DOM:52New:1Total:9
Feb 2026
Median Price:$479,000Median DOM:53New:0Total:5
Mar 2026
Median Price:$499,500Median DOM:11New:1Total:6
6-Month Rental Trend
Oct 2025
Median Rent:$2,500Median DOM:1New:0Total:1
Nov 2025
Median Rent:$2,500Median DOM:1New:0Total:1
Mar 2026
Median Rent:$1,700Median DOM:7New:1Total:1
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 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150231732321923220232212322223223232242322523226+12 more
← Back to Richmond Metro