ZIP 23059 Housing Market Report
Richmond Metro
Report period: March 2026
23059 Monthly Market Update – March 2026
ZIP 23059 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$465,000
+1.8%
Median DOM (Sales)
10
0.0%
New Listings (Sales)
52
−35.0%
Median Rent
$2,550
0.0%
Median DOM (Rental)
21
−25.0%
Total Rental Listings
77
+13.2%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (7 DOM)
- Fastest renting: Condo (2 DOM)
- Strongest bedroom: 6 Beds ($1,165,000 median)
Sales Market Overview
Median Price
$465,000
+1.8%
Median DOM
10
0.0%
New Listings
52
−35.0%
Inventory
182
+5.2%
- Average Price: $552,969
- Median Price: $465,000
- Price Range: $9,970 – $1,450,000
- Price per Sq Ft (Avg/Median): $251 / $245
- Square Footage (Avg/Median): 2,276 / 1,943
- Square Footage Range: 928 – 5,551
- Days on Market (Avg/Median): 31 / 10
- Days on Market Range: 1 – 207
- New Listings: 52
- Total Listings: 182
Sales by Property Type
Condo
Avg/Median Price$449,380 / $400,585Range$259,975 – $869,900Price per Sq Ft$251 / $263Sq Ft1,841 / 1,573DOM25 / 7New27Total64
Land
Avg/Median Price$166,657 / $40,000Range$9,970 – $450,000Price per Sq Ft—Sq Ft—DOM47 / 50New0Total3
Single Family
Avg/Median Price$722,970 / $698,850Range$180,000 – $1,450,000Price per Sq Ft$267 / $265Sq Ft2,820 / 2,456DOM36 / 20New14Total72
Townhouse
Avg/Median Price$449,449 / $431,085Range$300,000 – $674,950Price per Sq Ft$224 / $221Sq Ft2,013 / 1,943DOM29 / 14New11Total43
Sales by Bedroom Count
1 Beds
Avg:$318,041Median:$315,000Range:$299,950 – $338,930PSF:$273 / $274Sq Ft:1,165 / 1,116DOM:27 / 7New:7Total:11
2 Beds
Avg:$429,269Median:$380,950Range:$180,000 – $820,948PSF:$286 / $280Sq Ft:1,481 / 1,457DOM:38 / 18New:7Total:28
3 Beds
Avg:$490,569Median:$445,520Range:$330,000 – $869,900PSF:$244 / $243Sq Ft:2,046 / 1,943DOM:27 / 8New:23Total:74
4 Beds
Avg:$599,584Median:$525,000Range:$412,000 – $975,000PSF:$242 / $232Sq Ft:2,476 / 2,348DOM:28 / 10New:9Total:42
5 Beds
Avg:$918,150Median:$860,000Range:$405,000 – $1,450,000PSF:$239 / $245Sq Ft:3,879 / 3,603DOM:35 / 10New:4Total:19
6 Beds
Avg:$1,138,598Median:$1,165,000Range:$979,000 – $1,399,000PSF:$236 / $231Sq Ft:4,815 / 4,797DOM:50 / 6New:2Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $318,041 | $315,000 | $299,950 – $338,930 | $273 / $274 | 1,165 / 1,116 | 27 / 7 | 7 | 11 |
| 2 Beds | $429,269 | $380,950 | $180,000 – $820,948 | $286 / $280 | 1,481 / 1,457 | 38 / 18 | 7 | 28 |
| 3 Beds | $490,569 | $445,520 | $330,000 – $869,900 | $244 / $243 | 2,046 / 1,943 | 27 / 8 | 23 | 74 |
| 4 Beds | $599,584 | $525,000 | $412,000 – $975,000 | $242 / $232 | 2,476 / 2,348 | 28 / 10 | 9 | 42 |
| 5 Beds | $918,150 | $860,000 | $405,000 – $1,450,000 | $239 / $245 | 3,879 / 3,603 | 35 / 10 | 4 | 19 |
| 6 Beds | $1,138,598 | $1,165,000 | $979,000 – $1,399,000 | $236 / $231 | 4,815 / 4,797 | 50 / 6 | 2 | 5 |
Rental Market Overview
Median Rent
$2,550
0.0%
Median DOM
21
−25.0%
New Listings
13
Inventory
77
+13.2%
- Average Rent: $2,410
- Median Rent: $2,550
- Rent Range: $1,100 – $5,200
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,774 / 1,845
- Square Footage Range: 595 – 5,030
- Days on Market (Avg/Median): 43 / 21
- Days on Market Range: 1 – 335
- New Listings: 13
- Total Listings: 77
Rentals by Property Type
Apartment
$1,650
Median DOM: 35
Inventory: 13
MoM: 0.0%
Condo
$1,595
Median DOM: 2
Inventory: 6
MoM: 0.0%
Single Family
$2,600
Median DOM: 4
Inventory: 22
MoM: 0.0%
Townhouse
$2,600
Median DOM: 27
Inventory: 36
MoM: 0.0%
Apartment
Avg/Median Rent$1,586 / $1,650Range$1,175 – $1,850Rent per Sq Ft$2 / $2Sq Ft952 / 906DOM93 / 35New0Total13
Condo
Avg/Median Rent$1,814 / $1,595Range$1,495 – $2,750Rent per Sq Ft$1 / $1Sq Ft1,293 / 1,075DOM7 / 2New2Total6
Single Family
Avg/Median Rent$2,835 / $2,600Range$1,700 – $5,200Rent per Sq Ft$1 / $1Sq Ft2,182 / 1,848DOM30 / 4New6Total22
Townhouse
Avg/Median Rent$2,548 / $2,600Range$1,100 – $3,165Rent per Sq Ft$1 / $1Sq Ft1,896 / 1,943DOM42 / 27New5Total36
Rentals by Bedroom Count
1 Beds
Avg:$1,472Median:$1,509Range:$1,100 – $1,694PSF:$2 / $2Sq Ft:788 / 778DOM:151 / 57New:0Total:8
2 Beds
Avg:$1,665Median:$1,650Range:$1,448 – $2,000PSF:$1 / $2Sq Ft:1,138 / 1,075DOM:22 / 21New:1Total:12
3 Beds
Avg:$2,513Median:$2,600Range:$1,700 – $3,165PSF:$1 / $1Sq Ft:1,843 / 1,943DOM:33 / 13New:10Total:42
4 Beds
Avg:$3,077Median:$2,795Range:$2,400 – $5,200PSF:$1 / $1Sq Ft:2,513 / 2,124DOM:44 / 23New:2Total:14
6 Beds
Avg:$5,200Median:$5,200Range:$5,200 – $5,200PSF:$1 / $1Sq Ft:4,939 / 4,939DOM:110 / 110New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,472 | $1,509 | $1,100 – $1,694 | $2 / $2 | 788 / 778 | 151 / 57 | 0 | 8 |
| 2 Beds | $1,665 | $1,650 | $1,448 – $2,000 | $1 / $2 | 1,138 / 1,075 | 22 / 21 | 1 | 12 |
| 3 Beds | $2,513 | $2,600 | $1,700 – $3,165 | $1 / $1 | 1,843 / 1,943 | 33 / 13 | 10 | 42 |
| 4 Beds | $3,077 | $2,795 | $2,400 – $5,200 | $1 / $1 | 2,513 / 2,124 | 44 / 23 | 2 | 14 |
| 6 Beds | $5,200 | $5,200 | $5,200 – $5,200 | $1 / $1 | 4,939 / 4,939 | 110 / 110 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$529,950Median DOM:16New:65Total:186
Nov 2025
Median Price:$525,000Median DOM:24New:55Total:164
Dec 2025
Median Price:$529,950Median DOM:29New:48Total:155
Jan 2026
Median Price:$497,000Median DOM:17New:68Total:158
Feb 2026
Median Price:$456,935Median DOM:10New:80Total:173
Mar 2026
Median Price:$465,000Median DOM:10New:52Total:182
6-Month Rental Trend
Oct 2025
Median Rent:$2,490Median DOM:14New:31Total:75
Nov 2025
Median Rent:$2,495Median DOM:20New:23Total:63
Dec 2025
Median Rent:$2,595Median DOM:20New:22Total:68
Jan 2026
Median Rent:$2,600Median DOM:29New:20Total:62
Feb 2026
Median Rent:$2,550Median DOM:28New:21Total:68
Mar 2026
Median Rent:$2,550Median DOM:21New:13Total:77
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady 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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