ZIP 23113 Housing Market Report
Richmond Metro
Report period: March 2026
23113 Monthly Market Update – March 2026
ZIP 23113 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$696,860
+5.9%
Median DOM (Sales)
9
−43.8%
New Listings (Sales)
12
−61.3%
Median Rent
$2,600
+8.3%
Median DOM (Rental)
7
−72.0%
Total Rental Listings
29
+11.5%
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 (6 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,775,000 median)
Sales Market Overview
Median Price
$696,860
+5.9%
Median DOM
9
−43.8%
New Listings
12
−61.3%
Inventory
86
+6.2%
- Average Price: $787,056
- Median Price: $696,860
- Price Range: $150,000 – $2,900,000
- Price per Sq Ft (Avg/Median): $247 / $241
- Square Footage (Avg/Median): 3,202 / 2,899
- Square Footage Range: 816 – 9,110
- Days on Market (Avg/Median): 40 / 9
- Days on Market Range: 2 – 287
- New Listings: 12
- Total Listings: 86
Sales by Property Type
Condo
Avg/Median Price$321,857 / $315,000Range$255,000 – $415,000Price per Sq Ft$230 / $223Sq Ft1,390 / 1,412DOM11 / 6New0Total7
Land
Avg/Median Price$323,317 / $320,000Range$224,950 – $425,000Price per Sq Ft—Sq Ft—DOM56 / 40New0Total3
Single Family
Avg/Median Price$948,998 / $839,000Range$150,000 – $2,900,000Price per Sq Ft$250 / $246Sq Ft3,747 / 3,409DOM45 / 9New7Total55
Townhouse
Avg/Median Price$584,236 / $586,050Range$175,000 – $886,950Price per Sq Ft$244 / $242Sq Ft2,377 / 2,127DOM34 / 49New5Total21
Sales by Bedroom Count
2 Beds
Avg:$306,844Median:$260,000Range:$175,000 – $474,564PSF:$217 / $219Sq Ft:1,394 / 1,164DOM:8 / 6New:0Total:6
3 Beds
Avg:$511,023Median:$415,000Range:$150,000 – $1,220,000PSF:$251 / $249Sq Ft:2,007 / 2,040DOM:26 / 7New:5Total:24
4 Beds
Avg:$730,304Median:$724,950Range:$350,000 – $1,560,000PSF:$238 / $241Sq Ft:3,071 / 2,954DOM:34 / 8New:4Total:33
5 Beds
Avg:$1,327,553Median:$1,200,400Range:$584,950 – $2,900,000PSF:$270 / $246Sq Ft:4,908 / 5,003DOM:71 / 26New:3Total:15
6 Beds
Avg:$1,719,580Median:$1,775,000Range:$949,900 – $2,295,000PSF:$248 / $266Sq Ft:6,858 / 7,075DOM:76 / 33New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $306,844 | $260,000 | $175,000 – $474,564 | $217 / $219 | 1,394 / 1,164 | 8 / 6 | 0 | 6 |
| 3 Beds | $511,023 | $415,000 | $150,000 – $1,220,000 | $251 / $249 | 2,007 / 2,040 | 26 / 7 | 5 | 24 |
| 4 Beds | $730,304 | $724,950 | $350,000 – $1,560,000 | $238 / $241 | 3,071 / 2,954 | 34 / 8 | 4 | 33 |
| 5 Beds | $1,327,553 | $1,200,400 | $584,950 – $2,900,000 | $270 / $246 | 4,908 / 5,003 | 71 / 26 | 3 | 15 |
| 6 Beds | $1,719,580 | $1,775,000 | $949,900 – $2,295,000 | $248 / $266 | 6,858 / 7,075 | 76 / 33 | 0 | 5 |
Rental Market Overview
Median Rent
$2,600
+8.3%
Median DOM
7
−72.0%
New Listings
10
Inventory
29
+11.5%
- Average Rent: $2,532
- Median Rent: $2,600
- Rent Range: $400 – $5,200
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,805 / 1,680
- Square Footage Range: 642 – 4,000
- Days on Market (Avg/Median): 71 / 7
- Days on Market Range: 1 – 343
- New Listings: 10
- Total Listings: 29
Rentals by Property Type
Apartment
$1,591
Median DOM: 71
Inventory: 7
MoM: +8.3%
Condo
$2,000
Median DOM: 27
Inventory: 1
MoM: +8.3%
Single Family
$2,600
Median DOM: 1
Inventory: 14
MoM: +8.3%
Townhouse
$2,750
Median DOM: 128
Inventory: 7
MoM: +8.3%
Apartment
Avg/Median Rent$1,615 / $1,591Range$1,570 – $1,784Rent per Sq Ft$2 / $2Sq Ft719 / 697DOM207 / 71New0Total7
Condo
Avg/Median Rent$2,000 / $2,000Range$2,000 – $2,000Rent per Sq Ft$1 / $1Sq Ft1,396 / 1,396DOM27 / 27New0Total1
Single Family
Avg/Median Rent$2,760 / $2,600Range$400 – $5,200Rent per Sq Ft$1 / $1Sq Ft2,450 / 2,032DOM21 / 1New7Total14
Townhouse
Avg/Median Rent$3,071 / $2,750Range$2,650 – $4,800Rent per Sq Ft$2 / $1Sq Ft1,937 / 2,050DOM124 / 128New3Total7
Rentals by Bedroom Count
Studio
Avg:$1,595Median:$1,595Range:$1,595 – $1,595PSF:$2 / $2Sq Ft:697 / 697DOM:—New:0Total:1
1 Beds
Avg:$1,420Median:$1,576Range:$400 – $1,784PSF:$2 / $2Sq Ft:722 / 687DOM:186 / 145New:0Total:8
2 Beds
Avg:$2,695Median:$2,695Range:$2,695 – $2,695PSF:$2 / $2Sq Ft:1,599 / 1,599DOM:196 / 196New:0Total:1
3 Beds
Avg:$2,833Median:$2,650Range:$2,000 – $4,800PSF:$2 / $1Sq Ft:1,863 / 2,032DOM:68 / 7New:5Total:11
4 Beds
Avg:$3,115Median:$2,800Range:$2,275 – $5,200PSF:$1 / $1Sq Ft:2,112 / 1,961DOM:10 / 1New:3Total:5
5 Beds
Avg:$3,683Median:$3,800Range:$3,250 – $4,000PSF:$1 / $1Sq Ft:3,790 / 3,788DOM:6 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,595 | $1,595 | $1,595 – $1,595 | $2 / $2 | 697 / 697 | — | 0 | 1 |
| 1 Beds | $1,420 | $1,576 | $400 – $1,784 | $2 / $2 | 722 / 687 | 186 / 145 | 0 | 8 |
| 2 Beds | $2,695 | $2,695 | $2,695 – $2,695 | $2 / $2 | 1,599 / 1,599 | 196 / 196 | 0 | 1 |
| 3 Beds | $2,833 | $2,650 | $2,000 – $4,800 | $2 / $1 | 1,863 / 2,032 | 68 / 7 | 5 | 11 |
| 4 Beds | $3,115 | $2,800 | $2,275 – $5,200 | $1 / $1 | 2,112 / 1,961 | 10 / 1 | 3 | 5 |
| 5 Beds | $3,683 | $3,800 | $3,250 – $4,000 | $1 / $1 | 3,790 / 3,788 | 6 / 1 | 2 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$695,000Median DOM:20New:41Total:129
Nov 2025
Median Price:$674,950Median DOM:30New:19Total:108
Dec 2025
Median Price:$680,000Median DOM:50New:12Total:83
Jan 2026
Median Price:$696,860Median DOM:40New:22Total:62
Feb 2026
Median Price:$658,020Median DOM:16New:31Total:81
Mar 2026
Median Price:$696,860Median DOM:9New:12Total:86
6-Month Rental Trend
Oct 2025
Median Rent:$2,000Median DOM:13New:10Total:25
Nov 2025
Median Rent:$2,000Median DOM:25New:5Total:21
Dec 2025
Median Rent:$2,300Median DOM:38New:2Total:17
Jan 2026
Median Rent:$2,275Median DOM:19New:8Total:22
Feb 2026
Median Rent:$2,400Median DOM:25New:9Total:26
Mar 2026
Median Rent:$2,600Median DOM:7New:10Total:29
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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