ZIP 23060 Housing Market Report
Richmond Metro
Report period: March 2026
23060 Monthly Market Update – March 2026
ZIP 23060 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$429,950
−0.2%
Median DOM (Sales)
7
−46.2%
New Listings (Sales)
28
−40.4%
Median Rent
$2,495
+4.0%
Median DOM (Rental)
13
+18.2%
Total Rental Listings
86
−1.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($700,000 median)
Sales Market Overview
Median Price
$429,950
−0.2%
Median DOM
7
−46.2%
New Listings
28
−40.4%
Inventory
129
−0.8%
- Average Price: $488,992
- Median Price: $429,950
- Price Range: $9,900 – $999,469
- Price per Sq Ft (Avg/Median): $233 / $227
- Square Footage (Avg/Median): 2,170 / 2,061
- Square Footage Range: 946 – 3,962
- Days on Market (Avg/Median): 34 / 7
- Days on Market Range: 1 – 335
- New Listings: 28
- Total Listings: 129
Sales by Property Type
Condo
Avg/Median Price$478,995 / $399,990Range$182,700 – $999,469Price per Sq Ft$230 / $226Sq Ft2,076 / 2,020DOM40 / 9New3Total24
Land
Avg/Median Price$269,975 / $185,000Range$9,900 – $575,000Price per Sq Ft—Sq Ft—DOM121 / 50New0Total6
Single Family
Avg/Median Price$539,231 / $490,000Range$255,000 – $927,042Price per Sq Ft$244 / $235Sq Ft2,260 / 1,968DOM31 / 7New12Total64
Townhouse
Avg/Median Price$441,527 / $420,000Range$274,950 – $770,000Price per Sq Ft$214 / $205Sq Ft2,070 / 2,061DOM21 / 6New13Total35
Sales by Bedroom Count
2 Beds
Avg:$324,076Median:$339,900Range:$182,700 – $395,950PSF:$224 / $216Sq Ft:1,435 / 1,550DOM:58 / 38New:0Total:7
3 Beds
Avg:$453,533Median:$415,000Range:$255,000 – $999,469PSF:$239 / $230Sq Ft:1,924 / 1,877DOM:28 / 7New:11Total:66
4 Beds
Avg:$561,386Median:$499,950Range:$369,950 – $927,042PSF:$227 / $219Sq Ft:2,464 / 2,174DOM:32 / 7New:14Total:40
5 Beds
Avg:$661,746Median:$589,500Range:$395,000 – $849,500PSF:$221 / $219Sq Ft:2,977 / 2,884DOM:19 / 4New:2Total:8
6 Beds
Avg:$754,500Median:$700,000Range:$700,000 – $809,000PSF:$201 / $197Sq Ft:3,757 / 3,552DOM:17 / 5New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $324,076 | $339,900 | $182,700 – $395,950 | $224 / $216 | 1,435 / 1,550 | 58 / 38 | 0 | 7 |
| 3 Beds | $453,533 | $415,000 | $255,000 – $999,469 | $239 / $230 | 1,924 / 1,877 | 28 / 7 | 11 | 66 |
| 4 Beds | $561,386 | $499,950 | $369,950 – $927,042 | $227 / $219 | 2,464 / 2,174 | 32 / 7 | 14 | 40 |
| 5 Beds | $661,746 | $589,500 | $395,000 – $849,500 | $221 / $219 | 2,977 / 2,884 | 19 / 4 | 2 | 8 |
| 6 Beds | $754,500 | $700,000 | $700,000 – $809,000 | $201 / $197 | 3,757 / 3,552 | 17 / 5 | 1 | 2 |
Rental Market Overview
Median Rent
$2,495
+4.0%
Median DOM
13
+18.2%
New Listings
10
Inventory
86
−1.1%
- Average Rent: $2,423
- Median Rent: $2,495
- Rent Range: $1,175 – $5,200
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,639 / 1,605
- Square Footage Range: 270 – 3,390
- Days on Market (Avg/Median): 30 / 13
- Days on Market Range: 1 – 216
- New Listings: 10
- Total Listings: 86
Rentals by Property Type
Apartment
$1,511
Median DOM: 1
Inventory: 14
MoM: +4.0%
Condo
$2,795
Median DOM: 13
Inventory: 12
MoM: +4.0%
Single Family
$2,495
Median DOM: 8
Inventory: 29
MoM: +4.0%
Townhouse
$2,550
Median DOM: 17
Inventory: 31
MoM: +4.0%
Apartment
Avg/Median Rent$1,644 / $1,511Range$1,175 – $2,550Rent per Sq Ft$4 / $3Sq Ft640 / 471DOM36 / 1New0Total14
Condo
Avg/Median Rent$2,602 / $2,795Range$1,850 – $3,100Rent per Sq Ft$1 / $1Sq Ft1,946 / 1,573DOM35 / 13New0Total12
Single Family
Avg/Median Rent$2,605 / $2,495Range$1,695 – $5,200Rent per Sq Ft$2 / $2Sq Ft1,741 / 1,605DOM21 / 8New7Total29
Townhouse
Avg/Median Rent$2,537 / $2,550Range$1,620 – $3,600Rent per Sq Ft$1 / $1Sq Ft1,885 / 1,994DOM34 / 17New3Total31
Rentals by Bedroom Count
Studio
Avg:$1,661Median:$1,475Range:$1,175 – $2,250PSF:$5 / $4Sq Ft:315 / 288DOM:19 / 1New:0Total:6
1 Beds
Avg:$1,499Median:$1,511Range:$1,352 – $1,635PSF:$2 / $2Sq Ft:660 / 705DOM:111 / 111New:0Total:7
2 Beds
Avg:$1,977Median:$1,995Range:$1,620 – $2,300PSF:$2 / $1Sq Ft:1,341 / 1,427DOM:67 / 15New:0Total:8
3 Beds
Avg:$2,613Median:$2,600Range:$1,695 – $5,200PSF:$1 / $1Sq Ft:1,838 / 1,760DOM:25 / 14New:5Total:51
4 Beds
Avg:$2,697Median:$2,650Range:$2,245 – $3,250PSF:$1 / $1Sq Ft:2,091 / 2,040DOM:20 / 9New:5Total:13
5 Beds
Avg:$3,800Median:$3,800Range:$3,800 – $3,800PSF:$1 / $1Sq Ft:3,390 / 3,390DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,661 | $1,475 | $1,175 – $2,250 | $5 / $4 | 315 / 288 | 19 / 1 | 0 | 6 |
| 1 Beds | $1,499 | $1,511 | $1,352 – $1,635 | $2 / $2 | 660 / 705 | 111 / 111 | 0 | 7 |
| 2 Beds | $1,977 | $1,995 | $1,620 – $2,300 | $2 / $1 | 1,341 / 1,427 | 67 / 15 | 0 | 8 |
| 3 Beds | $2,613 | $2,600 | $1,695 – $5,200 | $1 / $1 | 1,838 / 1,760 | 25 / 14 | 5 | 51 |
| 4 Beds | $2,697 | $2,650 | $2,245 – $3,250 | $1 / $1 | 2,091 / 2,040 | 20 / 9 | 5 | 13 |
| 5 Beds | $3,800 | $3,800 | $3,800 – $3,800 | $1 / $1 | 3,390 / 3,390 | 13 / 13 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$425,000Median DOM:20New:66Total:200
Nov 2025
Median Price:$419,164Median DOM:22New:49Total:184
Dec 2025
Median Price:$419,364Median DOM:25New:42Total:155
Jan 2026
Median Price:$425,000Median DOM:15New:51Total:142
Feb 2026
Median Price:$430,640Median DOM:13New:47Total:130
Mar 2026
Median Price:$429,950Median DOM:7New:28Total:129
6-Month Rental Trend
Oct 2025
Median Rent:$2,250Median DOM:19New:25Total:78
Nov 2025
Median Rent:$2,200Median DOM:10New:21Total:70
Dec 2025
Median Rent:$2,200Median DOM:12New:29Total:62
Jan 2026
Median Rent:$2,250Median DOM:22New:23Total:69
Feb 2026
Median Rent:$2,400Median DOM:11New:35Total:87
Mar 2026
Median Rent:$2,495Median DOM:13New:10Total:86
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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