ZIP 23111 Housing Market Report
Richmond Metro
Report period: March 2026
23111 Monthly Market Update – March 2026
ZIP 23111 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$454,990
+0.1%
Median DOM (Sales)
19
−20.8%
New Listings (Sales)
20
−57.4%
Median Rent
$2,200
0.0%
Median DOM (Rental)
9
−18.2%
Total Rental Listings
32
+23.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (15 DOM)
- Fastest renting: Single Family (7 DOM)
- Strongest bedroom: 5 Beds ($719,990 median)
Sales Market Overview
Median Price
$454,990
+0.1%
Median DOM
19
−20.8%
New Listings
20
−57.4%
Inventory
156
+5.4%
- Average Price: $532,713
- Median Price: $454,990
- Price Range: $135,000 – $1,700,000
- Price per Sq Ft (Avg/Median): $234 / $227
- Square Footage (Avg/Median): 2,334 / 2,084
- Square Footage Range: 864 – 5,477
- Days on Market (Avg/Median): 46 / 19
- Days on Market Range: 1 – 359
- New Listings: 20
- Total Listings: 156
Sales by Property Type
Condo
Avg/Median Price$461,873 / $454,990Range$454,890 – $475,740Price per Sq Ft$205 / $206Sq Ft2,259 / 2,313DOM114 / 22New0Total3
Land
Avg/Median Price$533,111 / $250,000Range$135,000 – $1,700,000Price per Sq Ft—Sq Ft—DOM116 / 94New0Total9
Single Family
Avg/Median Price$548,737 / $459,000Range$264,500 – $1,299,900Price per Sq Ft$235 / $229Sq Ft2,402 / 2,132DOM39 / 15New16Total121
Townhouse
Avg/Median Price$457,498 / $452,900Range$329,950 – $789,999Price per Sq Ft$231 / $229Sq Ft1,990 / 1,960DOM53 / 32New4Total23
Sales by Bedroom Count
2 Beds
Avg:$374,988Median:$400,000Range:$264,500 – $519,900PSF:$272 / $277Sq Ft:1,375 / 1,407DOM:47 / 57New:0Total:9
3 Beds
Avg:$420,537Median:$410,000Range:$275,000 – $734,900PSF:$238 / $235Sq Ft:1,827 / 1,818DOM:43 / 17New:9Total:71
4 Beds
Avg:$625,948Median:$535,000Range:$325,000 – $1,299,900PSF:$230 / $222Sq Ft:2,694 / 2,578DOM:45 / 24New:5Total:48
5 Beds
Avg:$790,879Median:$719,990Range:$419,900 – $1,250,000PSF:$213 / $218Sq Ft:3,749 / 3,580DOM:33 / 19New:6Total:19
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $374,988 | $400,000 | $264,500 – $519,900 | $272 / $277 | 1,375 / 1,407 | 47 / 57 | 0 | 9 |
| 3 Beds | $420,537 | $410,000 | $275,000 – $734,900 | $238 / $235 | 1,827 / 1,818 | 43 / 17 | 9 | 71 |
| 4 Beds | $625,948 | $535,000 | $325,000 – $1,299,900 | $230 / $222 | 2,694 / 2,578 | 45 / 24 | 5 | 48 |
| 5 Beds | $790,879 | $719,990 | $419,900 – $1,250,000 | $213 / $218 | 3,749 / 3,580 | 33 / 19 | 6 | 19 |
Rental Market Overview
Median Rent
$2,200
0.0%
Median DOM
9
−18.2%
New Listings
11
Inventory
32
+23.1%
- Average Rent: $2,144
- Median Rent: $2,200
- Rent Range: $1,095 – $2,830
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,560 / 1,500
- Square Footage Range: 625 – 2,742
- Days on Market (Avg/Median): 36 / 9
- Days on Market Range: 1 – 314
- New Listings: 11
- Total Listings: 32
Rentals by Property Type
Apartment
$1,595
Median DOM: 213
Inventory: 4
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,200
Median DOM: 7
Inventory: 25
MoM: 0.0%
Townhouse
$2,200
Median DOM: 7
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,537 / $1,595Range$1,095 – $1,859Rent per Sq Ft$2 / $2Sq Ft861 / 815DOM191 / 213New0Total4
Single Family
Avg/Median Rent$2,255 / $2,200Range$1,675 – $2,830Rent per Sq Ft$1 / $1Sq Ft1,675 / 1,512DOM20 / 7New10Total25
Townhouse
Avg/Median Rent$2,033 / $2,200Range$1,650 – $2,250Rent per Sq Ft$1 / $1Sq Ft1,526 / 1,520DOM13 / 7New1Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,095Median:$1,095Range:$1,095 – $1,095PSF:$2 / $2Sq Ft:625 / 625DOM:47 / 47New:0Total:1
2 Beds
Avg:$1,717Median:$1,650Range:$1,595 – $1,859PSF:$2 / $2Sq Ft:1,121 / 1,003DOM:115 / 30New:0Total:6
3 Beds
Avg:$2,144Median:$2,200Range:$1,675 – $2,550PSF:$1 / $1Sq Ft:1,516 / 1,456DOM:9 / 7New:7Total:17
4 Beds
Avg:$2,567Median:$2,595Range:$2,250 – $2,830PSF:$1 / $1Sq Ft:1,953 / 2,076DOM:47 / 2New:3Total:7
5 Beds
Avg:$2,800Median:$2,800Range:$2,800 – $2,800PSF:$1 / $1Sq Ft:2,703 / 2,703DOM:9 / 9New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,095 | $1,095 | $1,095 – $1,095 | $2 / $2 | 625 / 625 | 47 / 47 | 0 | 1 |
| 2 Beds | $1,717 | $1,650 | $1,595 – $1,859 | $2 / $2 | 1,121 / 1,003 | 115 / 30 | 0 | 6 |
| 3 Beds | $2,144 | $2,200 | $1,675 – $2,550 | $1 / $1 | 1,516 / 1,456 | 9 / 7 | 7 | 17 |
| 4 Beds | $2,567 | $2,595 | $2,250 – $2,830 | $1 / $1 | 1,953 / 2,076 | 47 / 2 | 3 | 7 |
| 5 Beds | $2,800 | $2,800 | $2,800 – $2,800 | $1 / $1 | 2,703 / 2,703 | 9 / 9 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$449,900Median DOM:31New:43Total:186
Nov 2025
Median Price:$454,890Median DOM:30New:35Total:161
Dec 2025
Median Price:$454,990Median DOM:49New:24Total:140
Jan 2026
Median Price:$454,990Median DOM:43New:47Total:136
Feb 2026
Median Price:$454,500Median DOM:24New:47Total:148
Mar 2026
Median Price:$454,990Median DOM:19New:20Total:156
6-Month Rental Trend
Oct 2025
Median Rent:$2,200Median DOM:4New:14Total:37
Nov 2025
Median Rent:$2,100Median DOM:1New:10Total:31
Dec 2025
Median Rent:$2,100Median DOM:13New:10Total:22
Jan 2026
Median Rent:$1,999Median DOM:11New:12Total:28
Feb 2026
Median Rent:$2,200Median DOM:11New:11Total:26
Mar 2026
Median Rent:$2,200Median DOM:9New:11Total:32
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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