ZIP 23063 Housing Market Report
Richmond Metro
Report period: March 2026
23063 Monthly Market Update – March 2026
ZIP 23063 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$359,950
+0.0%
Median DOM (Sales)
49
−37.2%
New Listings (Sales)
2
−60.0%
Median Rent
$2,450
−9.3%
Median DOM (Rental)
8
−95.7%
Total Rental Listings
4
+33.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (14 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 5 Beds ($875,000 median)
Sales Market Overview
Median Price
$359,950
+0.0%
Median DOM
49
−37.2%
New Listings
2
−60.0%
Inventory
24
0.0%
- Average Price: $435,044
- Median Price: $359,950
- Price Range: $69,950 – $1,149,000
- Price per Sq Ft (Avg/Median): $241 / $245
- Square Footage (Avg/Median): 2,562 / 2,246
- Square Footage Range: 1,040 – 6,069
- Days on Market (Avg/Median): 89 / 49
- Days on Market Range: 5 – 303
- New Listings: 2
- Total Listings: 24
Sales by Property Type
Land
Avg/Median Price$195,094 / $135,000Range$69,950 – $585,900Price per Sq Ft—Sq Ft—DOM124 / 89New0Total9
Single Family
Avg/Median Price$579,013 / $525,000Range$182,500 – $1,149,000Price per Sq Ft$241 / $245Sq Ft2,562 / 2,246DOM67 / 14New2Total15
Sales by Bedroom Count
3 Beds
Avg:$389,025Median:$359,950Range:$182,500 – $525,000PSF:$256 / $272Sq Ft:1,569 / 1,600DOM:23 / 8New:2Total:8
4 Beds
Avg:$709,800Median:$689,000Range:$538,000 – $950,000PSF:$236 / $218Sq Ft:3,103 / 2,478DOM:157 / 155New:0Total:5
5 Beds
Avg:$1,012,000Median:$875,000Range:$875,000 – $1,149,000PSF:$197 / $189Sq Ft:5,178 / 4,287DOM:107 / 16New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $389,025 | $359,950 | $182,500 – $525,000 | $256 / $272 | 1,569 / 1,600 | 23 / 8 | 2 | 8 |
| 4 Beds | $709,800 | $689,000 | $538,000 – $950,000 | $236 / $218 | 3,103 / 2,478 | 157 / 155 | 0 | 5 |
| 5 Beds | $1,012,000 | $875,000 | $875,000 – $1,149,000 | $197 / $189 | 5,178 / 4,287 | 107 / 16 | 0 | 2 |
Rental Market Overview
Median Rent
$2,450
−9.3%
Median DOM
8
−95.7%
New Listings
2
Inventory
4
+33.3%
- Average Rent: $2,438
- Median Rent: $2,450
- Rent Range: $1,700 – $2,900
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,403 / 1,352
- Square Footage Range: 864 – 1,876
- Days on Market (Avg/Median): 60 / 8
- Days on Market Range: 3 – 205
- New Listings: 2
- Total Listings: 4
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: −9.3%
Condo
—
Median DOM: —
Inventory: —
MoM: −9.3%
Single Family
$2,450
Median DOM: 8
Inventory: 4
MoM: −9.3%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −9.3%
Single Family
Avg/Median Rent$2,438 / $2,450Range$1,700 – $2,900Rent per Sq Ft$2 / $2Sq Ft1,403 / 1,352DOM60 / 8New2Total4
Rentals by Bedroom Count
2 Beds
Avg:$1,700Median:$1,700Range:$1,700 – $1,700PSF:$2 / $2Sq Ft:864 / 864DOM:3 / 3New:1Total:1
3 Beds
Avg:$2,683Median:$2,700Range:$2,450 – $2,900PSF:$2 / $2Sq Ft:1,583 / 1,520DOM:79 / 23New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,700 | $1,700 | $1,700 – $1,700 | $2 / $2 | 864 / 864 | 3 / 3 | 1 | 1 |
| 3 Beds | $2,683 | $2,700 | $2,450 – $2,900 | $2 / $2 | 1,583 / 1,520 | 79 / 23 | 1 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$454,950Median DOM:41New:14Total:48
Nov 2025
Median Price:$359,950Median DOM:54New:5Total:44
Dec 2025
Median Price:$275,000Median DOM:65New:2Total:32
Jan 2026
Median Price:$359,950Median DOM:65New:4Total:23
Feb 2026
Median Price:$359,900Median DOM:78New:5Total:24
Mar 2026
Median Price:$359,950Median DOM:49New:2Total:24
6-Month Rental Trend
Oct 2025
Median Rent:$2,250Median DOM:64New:1Total:4
Nov 2025
Median Rent:$2,250Median DOM:64New:0Total:4
Dec 2025
Median Rent:$2,250Median DOM:25New:1Total:4
Jan 2026
Median Rent:$2,700Median DOM:14New:1Total:4
Feb 2026
Median Rent:$2,700Median DOM:188New:0Total:3
Mar 2026
Median Rent:$2,450Median DOM:8New:2Total:4
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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