ZIP 23103 Housing Market Report
Richmond Metro
Report period: March 2026
23103 Monthly Market Update – March 2026
ZIP 23103 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$769,900
−2.5%
Median DOM (Sales)
23
−11.5%
New Listings (Sales)
5
−66.7%
Median Rent
$2,750
+96.4%
Median DOM (Rental)
6
−73.9%
Total Rental Listings
1
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher.
What's Moving Fastest
- Fastest selling: Single Family (21 DOM)
- Fastest renting: Single Family (6 DOM)
- Strongest bedroom: 7 Beds ($1,499,999 median)
Sales Market Overview
Median Price
$769,900
−2.5%
Median DOM
23
−11.5%
New Listings
5
−66.7%
Inventory
37
−2.6%
- Average Price: $980,217
- Median Price: $769,900
- Price Range: $218,000 – $3,725,000
- Price per Sq Ft (Avg/Median): $308 / $283
- Square Footage (Avg/Median): 3,355 / 3,070
- Square Footage Range: 525 – 9,088
- Days on Market (Avg/Median): 52 / 23
- Days on Market Range: 2 – 300
- New Listings: 5
- Total Listings: 37
Sales by Property Type
Land
Avg/Median Price$663,598 / $599,990Range$218,000 – $1,100,000Price per Sq Ft—Sq Ft—DOM67 / 23New0Total5
Single Family
Avg/Median Price$1,058,156 / $790,000Range$300,000 – $3,725,000Price per Sq Ft$310 / $283Sq Ft3,431 / 3,323DOM47 / 21New5Total30
Townhouse
Avg/Median Price$602,688 / $599,900Range$599,900 – $605,476Price per Sq Ft$272 / $262Sq Ft2,216 / 2,140DOM81 / 21New0Total2
Sales by Bedroom Count
1 Beds
Avg:$300,000Median:$300,000Range:$300,000 – $300,000PSF:$571 / $571Sq Ft:525 / 525DOM:31 / 31New:0Total:1
2 Beds
Avg:$375,000Median:$375,000Range:$375,000 – $375,000PSF:$335 / $335Sq Ft:1,118 / 1,118DOM:4 / 4New:0Total:1
3 Beds
Avg:$791,996Median:$725,000Range:$389,990 – $1,890,000PSF:$303 / $283Sq Ft:2,556 / 2,309DOM:54 / 21New:1Total:14
4 Beds
Avg:$1,101,191Median:$825,000Range:$609,000 – $2,450,000PSF:$276 / $270Sq Ft:3,951 / 3,745DOM:31 / 28New:2Total:11
5 Beds
Avg:$2,108,000Median:$1,399,999Range:$1,199,000 – $3,725,000PSF:$378 / $309Sq Ft:5,343 / 5,769DOM:143 / 128New:1Total:3
6 Beds
Avg:$1,250,000Median:$1,250,000Range:$1,250,000 – $1,250,000PSF:$263 / $263Sq Ft:4,761 / 4,761DOM:5 / 5New:1Total:1
7 Beds
Avg:$1,499,999Median:$1,499,999Range:$1,499,999 – $1,499,999PSF:$264 / $264Sq Ft:5,687 / 5,687DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $300,000 | $300,000 | $300,000 – $300,000 | $571 / $571 | 525 / 525 | 31 / 31 | 0 | 1 |
| 2 Beds | $375,000 | $375,000 | $375,000 – $375,000 | $335 / $335 | 1,118 / 1,118 | 4 / 4 | 0 | 1 |
| 3 Beds | $791,996 | $725,000 | $389,990 – $1,890,000 | $303 / $283 | 2,556 / 2,309 | 54 / 21 | 1 | 14 |
| 4 Beds | $1,101,191 | $825,000 | $609,000 – $2,450,000 | $276 / $270 | 3,951 / 3,745 | 31 / 28 | 2 | 11 |
| 5 Beds | $2,108,000 | $1,399,999 | $1,199,000 – $3,725,000 | $378 / $309 | 5,343 / 5,769 | 143 / 128 | 1 | 3 |
| 6 Beds | $1,250,000 | $1,250,000 | $1,250,000 – $1,250,000 | $263 / $263 | 4,761 / 4,761 | 5 / 5 | 1 | 1 |
| 7 Beds | $1,499,999 | $1,499,999 | $1,499,999 – $1,499,999 | $264 / $264 | 5,687 / 5,687 | 13 / 13 | 0 | 1 |
Rental Market Overview
Median Rent
$2,750
+96.4%
Median DOM
6
−73.9%
New Listings
1
Inventory
1
0.0%
- Average Rent: $2,750
- Median Rent: $2,750
- Rent Range: $2,750 – $2,750
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,000 / 2,000
- Square Footage Range: 2,000 – 2,000
- Days on Market (Avg/Median): 6 / 6
- Days on Market Range: 6 – 6
- New Listings: 1
- Total Listings: 1
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: +96.4%
Condo
—
Median DOM: —
Inventory: —
MoM: +96.4%
Single Family
$2,750
Median DOM: 6
Inventory: 1
MoM: +96.4%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +96.4%
Single Family
Avg/Median Rent$2,750 / $2,750Range$2,750 – $2,750Rent per Sq Ft$1 / $1Sq Ft2,000 / 2,000DOM6 / 6New1Total1
Rentals by Bedroom Count
4 Beds
Avg:$2,750Median:$2,750Range:$2,750 – $2,750PSF:$1 / $1Sq Ft:2,000 / 2,000DOM:6 / 6New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 4 Beds | $2,750 | $2,750 | $2,750 – $2,750 | $1 / $1 | 2,000 / 2,000 | 6 / 6 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$837,500Median DOM:53New:11Total:56
Nov 2025
Median Price:$875,999Median DOM:52New:8Total:49
Dec 2025
Median Price:$779,000Median DOM:65New:5Total:36
Jan 2026
Median Price:$769,900Median DOM:65New:9Total:33
Feb 2026
Median Price:$790,000Median DOM:26New:15Total:38
Mar 2026
Median Price:$769,900Median DOM:23New:5Total:37
6-Month Rental Trend
Oct 2025
Median Rent:$2,095Median DOM:1New:3Total:3
Nov 2025
Median Rent:$1,995Median DOM:1New:2Total:3
Dec 2025
Median Rent:$1,995Median DOM:1New:0Total:3
Jan 2026
Median Rent:$1,400Median DOM:23New:0Total:1
Mar 2026
Median Rent:$2,750Median DOM:6New:1Total:1
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 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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