ZIP 23083 Housing Market Report
Richmond Metro
Report period: March 2026
23083 Monthly Market Update – March 2026
ZIP 23083 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$199,999
−27.2%
Median DOM (Sales)
68
+3.0%
New Listings (Sales)
1
+1
Median Rent
—
—
Median DOM (Rental)
—
—
Total Rental Listings
—
—
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened.
What's Moving Fastest
- Fastest selling: Land (39 DOM)
- Fastest renting: Single Family (10 DOM)
- Strongest bedroom: 4 Beds ($450,000 median)
Sales Market Overview
Median Price
$199,999
−27.2%
Median DOM
68
+3.0%
New Listings
1
+1
Inventory
8
0.0%
- Average Price: $258,175
- Median Price: $199,999
- Price Range: $65,000 – $474,999
- Price per Sq Ft (Avg/Median): $199 / $183
- Square Footage (Avg/Median): 1,747 / 1,536
- Square Footage Range: 1,252 – 2,456
- Days on Market (Avg/Median): 113 / 68
- Days on Market Range: 5 – 360
- New Listings: 1
- Total Listings: 8
Sales by Property Type
Land
Avg/Median Price$141,666 / $160,000Range$65,000 – $199,999Price per Sq Ft—Sq Ft—DOM94 / 39New1Total3
Single Family
Avg/Median Price$328,080 / $339,000Range$100,000 – $474,999Price per Sq Ft$199 / $183Sq Ft1,747 / 1,536DOM125 / 73New0Total5
Sales by Bedroom Count
3 Beds
Avg:$297,600Median:$276,400Range:$100,000 – $474,999PSF:$203 / $181Sq Ft:1,570 / 1,524DOM:138 / 68New:0Total:4
4 Beds
Avg:$450,000Median:$450,000Range:$450,000 – $450,000PSF:$183 / $183Sq Ft:2,456 / 2,456DOM:73 / 73New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $297,600 | $276,400 | $100,000 – $474,999 | $203 / $181 | 1,570 / 1,524 | 138 / 68 | 0 | 4 |
| 4 Beds | $450,000 | $450,000 | $450,000 – $450,000 | $183 / $183 | 2,456 / 2,456 | 73 / 73 | 0 | 1 |
Rental Market Overview
Median Rent
$1,750
—
Median DOM
10
—
New Listings
0
Inventory
1
—
- Average Rent: $1,750
- Median Rent: $1,750
- Rent Range: $1,750 – $1,750
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,441 / 1,441
- Square Footage Range: 1,441 – 1,441
- Days on Market (Avg/Median): 10 / 10
- Days on Market Range: 10 – 10
- New Listings: 0
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: —
Condo
—
Median DOM: —
Inventory: —
MoM: —
Single Family
$1,750
Median DOM: 10
Inventory: 1
MoM: —
Townhouse
—
Median DOM: —
Inventory: —
MoM: —
Single Family
Avg/Median Rent$1,750 / $1,750Range$1,750 – $1,750Rent per Sq Ft$1 / $1Sq Ft1,441 / 1,441DOM10 / 10New0Total1
Rentals by Bedroom Count
3 Beds
Avg:$1,750Median:$1,750Range:$1,750 – $1,750PSF:$1 / $1Sq Ft:1,441 / 1,441DOM:10 / 10New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $1,750 | $1,750 | $1,750 – $1,750 | $1 / $1 | 1,441 / 1,441 | 10 / 10 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$306,950Median DOM:48New:2Total:18
Nov 2025
Median Price:$379,950Median DOM:101New:1Total:13
Dec 2025
Median Price:$374,950Median DOM:114New:1Total:11
Jan 2026
Median Price:$339,000Median DOM:73New:2Total:10
Feb 2026
Median Price:$274,900Median DOM:66New:0Total:8
Mar 2026
Median Price:$199,999Median DOM:68New:1Total:8
6-Month Rental Trend
Trend data unavailable.
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. 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.
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