ZIP 23112 Housing Market Report
Richmond Metro
Report period: March 2026
23112 Monthly Market Update – March 2026
ZIP 23112 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$449,900
+0.9%
Median DOM (Sales)
9
−50.0%
New Listings (Sales)
59
−35.9%
Median Rent
$2,515
+0.6%
Median DOM (Rental)
8
0.0%
Total Rental Listings
81
+1.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (8 DOM)
- Fastest renting: Single Family (7 DOM)
- Strongest bedroom: 7 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$449,900
+0.9%
Median DOM
9
−50.0%
New Listings
59
−35.9%
Inventory
269
+4.3%
- Average Price: $526,495
- Median Price: $449,900
- Price Range: $179,000 – $6,000,000
- Price per Sq Ft (Avg/Median): $228 / $222
- Square Footage (Avg/Median): 2,262 / 2,048
- Square Footage Range: 838 – 7,033
- Days on Market (Avg/Median): 36 / 9
- Days on Market Range: 1 – 291
- New Listings: 59
- Total Listings: 269
Sales by Property Type
Condo
Avg/Median Price$347,941 / $366,990Range$240,000 – $398,500Price per Sq Ft$226 / $230Sq Ft1,558 / 1,599DOM31 / 8New11Total33
Land
Avg/Median Price$3,164,975 / $329,950Range$329,950 – $6,000,000Price per Sq Ft—Sq Ft—DOM119 / 9New1Total2
Single Family
Avg/Median Price$554,733 / $469,950Range$179,000 – $2,125,000Price per Sq Ft$233 / $227Sq Ft2,428 / 2,136DOM35 / 9New25Total178
Townhouse
Avg/Median Price$447,728 / $465,950Range$289,500 – $544,950Price per Sq Ft$212 / $214Sq Ft2,151 / 2,169DOM40 / 10New22Total56
Sales by Bedroom Count
1 Beds
Avg:$246,755Median:$240,000Range:$240,000 – $253,510PSF:$257 / $227Sq Ft:977 / 838DOM:78 / 70New:0Total:2
2 Beds
Avg:$323,534Median:$314,100Range:$260,000 – $400,000PSF:$237 / $237Sq Ft:1,375 / 1,330DOM:38 / 6New:4Total:15
3 Beds
Avg:$416,240Median:$404,000Range:$239,950 – $669,900PSF:$235 / $230Sq Ft:1,828 / 1,709DOM:37 / 9New:33Total:119
4 Beds
Avg:$546,720Median:$479,000Range:$179,000 – $1,350,000PSF:$221 / $214Sq Ft:2,470 / 2,248DOM:30 / 9New:15Total:90
5 Beds
Avg:$697,017Median:$565,000Range:$409,950 – $2,125,000PSF:$221 / $192Sq Ft:3,049 / 2,955DOM:46 / 12New:6Total:32
6 Beds
Avg:$879,986Median:$860,000Range:$675,000 – $1,150,000PSF:$198 / $184Sq Ft:4,505 / 4,518DOM:25 / 13New:0Total:7
7 Beds
Avg:$1,374,500Median:$1,250,000Range:$1,250,000 – $1,499,000PSF:$222 / $213Sq Ft:6,235 / 5,437DOM:7 / 6New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $246,755 | $240,000 | $240,000 – $253,510 | $257 / $227 | 977 / 838 | 78 / 70 | 0 | 2 |
| 2 Beds | $323,534 | $314,100 | $260,000 – $400,000 | $237 / $237 | 1,375 / 1,330 | 38 / 6 | 4 | 15 |
| 3 Beds | $416,240 | $404,000 | $239,950 – $669,900 | $235 / $230 | 1,828 / 1,709 | 37 / 9 | 33 | 119 |
| 4 Beds | $546,720 | $479,000 | $179,000 – $1,350,000 | $221 / $214 | 2,470 / 2,248 | 30 / 9 | 15 | 90 |
| 5 Beds | $697,017 | $565,000 | $409,950 – $2,125,000 | $221 / $192 | 3,049 / 2,955 | 46 / 12 | 6 | 32 |
| 6 Beds | $879,986 | $860,000 | $675,000 – $1,150,000 | $198 / $184 | 4,505 / 4,518 | 25 / 13 | 0 | 7 |
| 7 Beds | $1,374,500 | $1,250,000 | $1,250,000 – $1,499,000 | $222 / $213 | 6,235 / 5,437 | 7 / 6 | 0 | 2 |
Rental Market Overview
Median Rent
$2,515
+0.6%
Median DOM
8
0.0%
New Listings
18
Inventory
81
+1.3%
- Average Rent: $2,464
- Median Rent: $2,515
- Rent Range: $1,286 – $5,800
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,754 / 1,800
- Square Footage Range: 650 – 3,951
- Days on Market (Avg/Median): 31 / 8
- Days on Market Range: 1 – 323
- New Listings: 18
- Total Listings: 81
Rentals by Property Type
Apartment
$1,548
Median DOM: 209
Inventory: 8
MoM: +0.6%
Condo
$1,795
Median DOM: 8
Inventory: 4
MoM: +0.6%
Single Family
$2,515
Median DOM: 7
Inventory: 43
MoM: +0.6%
Townhouse
$2,700
Median DOM: 13
Inventory: 26
MoM: +0.6%
Apartment
Avg/Median Rent$1,789 / $1,548Range$1,286 – $2,781Rent per Sq Ft$2 / $2Sq Ft895 / 787DOM187 / 209New0Total8
Condo
Avg/Median Rent$2,084 / $1,795Range$1,795 – $2,795Rent per Sq Ft$2 / $1Sq Ft1,358 / 1,227DOM17 / 8New2Total4
Single Family
Avg/Median Rent$2,555 / $2,515Range$1,400 – $5,800Rent per Sq Ft$1 / $1Sq Ft1,861 / 1,796DOM19 / 7New11Total43
Townhouse
Avg/Median Rent$2,579 / $2,700Range$1,750 – $2,950Rent per Sq Ft$1 / $1Sq Ft1,870 / 1,800DOM35 / 13New5Total26
Rentals by Bedroom Count
1 Beds
Avg:$1,707Median:$1,548Range:$1,353 – $2,137PSF:$2 / $2Sq Ft:745 / 713DOM:187 / 209New:0Total:6
2 Beds
Avg:$2,009Median:$1,795Range:$1,286 – $3,500PSF:$2 / $2Sq Ft:1,405 / 1,227DOM:28 / 8New:3Total:8
3 Beds
Avg:$2,458Median:$2,495Range:$1,750 – $3,100PSF:$2 / $2Sq Ft:1,654 / 1,729DOM:23 / 8New:10Total:45
4 Beds
Avg:$2,821Median:$2,650Range:$2,295 – $5,800PSF:$1 / $1Sq Ft:2,269 / 2,091DOM:28 / 6New:5Total:21
6 Beds
Avg:$3,400Median:$3,400Range:$3,400 – $3,400PSF:$1 / $1Sq Ft:3,951 / 3,951DOM:18 / 18New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,707 | $1,548 | $1,353 – $2,137 | $2 / $2 | 745 / 713 | 187 / 209 | 0 | 6 |
| 2 Beds | $2,009 | $1,795 | $1,286 – $3,500 | $2 / $2 | 1,405 / 1,227 | 28 / 8 | 3 | 8 |
| 3 Beds | $2,458 | $2,495 | $1,750 – $3,100 | $2 / $2 | 1,654 / 1,729 | 23 / 8 | 10 | 45 |
| 4 Beds | $2,821 | $2,650 | $2,295 – $5,800 | $1 / $1 | 2,269 / 2,091 | 28 / 6 | 5 | 21 |
| 6 Beds | $3,400 | $3,400 | $3,400 – $3,400 | $1 / $1 | 3,951 / 3,951 | 18 / 18 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$442,265Median DOM:27New:95Total:330
Nov 2025
Median Price:$454,990Median DOM:29New:79Total:303
Dec 2025
Median Price:$439,950Median DOM:27New:79Total:257
Jan 2026
Median Price:$435,950Median DOM:27New:90Total:246
Feb 2026
Median Price:$445,790Median DOM:18New:92Total:258
Mar 2026
Median Price:$449,900Median DOM:9New:59Total:269
6-Month Rental Trend
Oct 2025
Median Rent:$2,500Median DOM:1New:46Total:92
Nov 2025
Median Rent:$2,500Median DOM:1New:41Total:85
Dec 2025
Median Rent:$2,500Median DOM:6New:29Total:75
Jan 2026
Median Rent:$2,500Median DOM:13New:34Total:71
Feb 2026
Median Rent:$2,500Median DOM:8New:32Total:80
Mar 2026
Median Rent:$2,515Median DOM:8New:18Total:81
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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