ZIP 23114 Housing Market Report
Richmond Metro
Report period: March 2026
23114 Monthly Market Update – March 2026
ZIP 23114 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$449,500
+0.1%
Median DOM (Sales)
27
0.0%
New Listings (Sales)
19
−44.1%
Median Rent
$2,495
+1.8%
Median DOM (Rental)
9
+12.5%
Total Rental Listings
55
+10.0%
Month-over-Month Movement
Median sale prices moved higher. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (10 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($929,000 median)
Sales Market Overview
Median Price
$449,500
+0.1%
Median DOM
27
0.0%
New Listings
19
−44.1%
Inventory
107
−2.7%
- Average Price: $462,776
- Median Price: $449,500
- Price Range: $25,000 – $929,000
- Price per Sq Ft (Avg/Median): $216 / $214
- Square Footage (Avg/Median): 2,211 / 1,974
- Square Footage Range: 922 – 5,400
- Days on Market (Avg/Median): 59 / 27
- Days on Market Range: 2 – 313
- New Listings: 19
- Total Listings: 107
Sales by Property Type
Condo
Avg/Median Price$349,104 / $359,090Range$219,000 – $500,380Price per Sq Ft$203 / $197Sq Ft1,746 / 1,658DOM46 / 26New11Total33
Land
Avg/Median Price$25,000 / $25,000Range$25,000 – $25,000Price per Sq Ft—Sq Ft—DOM209 / 209New0Total1
Single Family
Avg/Median Price$572,463 / $574,900Range$325,000 – $929,000Price per Sq Ft$211 / $211Sq Ft2,782 / 2,642DOM33 / 10New8Total43
Townhouse
Avg/Median Price$445,190 / $446,112Range$360,000 – $509,900Price per Sq Ft$236 / $247Sq Ft1,905 / 1,792DOM105 / 83New0Total30
Sales by Bedroom Count
1 Beds
Avg:$219,000Median:$219,000Range:$219,000 – $219,000PSF:$223 / $216Sq Ft:983 / 1,014DOM:151 / 144New:0Total:3
2 Beds
Avg:$324,866Median:$310,000Range:$229,990 – $592,950PSF:$203 / $201Sq Ft:1,593 / 1,658DOM:36 / 24New:4Total:17
3 Beds
Avg:$463,018Median:$447,786Range:$359,990 – $722,950PSF:$225 / $229Sq Ft:2,086 / 1,862DOM:75 / 34New:11Total:49
4 Beds
Avg:$494,702Median:$469,900Range:$325,000 – $670,000PSF:$216 / $213Sq Ft:2,334 / 2,169DOM:36 / 13New:1Total:24
5 Beds
Avg:$651,883Median:$649,000Range:$499,000 – $859,950PSF:$195 / $192Sq Ft:3,433 / 3,081DOM:38 / 18New:3Total:12
6 Beds
Avg:$929,000Median:$929,000Range:$929,000 – $929,000PSF:$189 / $189Sq Ft:4,913 / 4,913DOM:7 / 7New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $219,000 | $219,000 | $219,000 – $219,000 | $223 / $216 | 983 / 1,014 | 151 / 144 | 0 | 3 |
| 2 Beds | $324,866 | $310,000 | $229,990 – $592,950 | $203 / $201 | 1,593 / 1,658 | 36 / 24 | 4 | 17 |
| 3 Beds | $463,018 | $447,786 | $359,990 – $722,950 | $225 / $229 | 2,086 / 1,862 | 75 / 34 | 11 | 49 |
| 4 Beds | $494,702 | $469,900 | $325,000 – $670,000 | $216 / $213 | 2,334 / 2,169 | 36 / 13 | 1 | 24 |
| 5 Beds | $651,883 | $649,000 | $499,000 – $859,950 | $195 / $192 | 3,433 / 3,081 | 38 / 18 | 3 | 12 |
| 6 Beds | $929,000 | $929,000 | $929,000 – $929,000 | $189 / $189 | 4,913 / 4,913 | 7 / 7 | 0 | 1 |
Rental Market Overview
Median Rent
$2,495
+1.8%
Median DOM
9
+12.5%
New Listings
14
Inventory
55
+10.0%
- Average Rent: $2,386
- Median Rent: $2,495
- Rent Range: $999 – $3,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,743 / 1,792
- Square Footage Range: 500 – 3,099
- Days on Market (Avg/Median): 32 / 9
- Days on Market Range: 1 – 290
- New Listings: 14
- Total Listings: 55
Rentals by Property Type
Apartment
$1,590
Median DOM: 71
Inventory: 8
MoM: +1.8%
Condo
$2,350
Median DOM: 1
Inventory: 12
MoM: +1.8%
Single Family
$2,600
Median DOM: 19
Inventory: 19
MoM: +1.8%
Townhouse
$2,550
Median DOM: 8
Inventory: 16
MoM: +1.8%
Apartment
Avg/Median Rent$1,650 / $1,590Range$1,378 – $1,950Rent per Sq Ft$2 / $2Sq Ft838 / 788DOM113 / 71New0Total8
Condo
Avg/Median Rent$2,324 / $2,350Range$1,500 – $3,300Rent per Sq Ft$1 / $1Sq Ft1,653 / 1,623DOM14 / 1New8Total12
Single Family
Avg/Median Rent$2,640 / $2,600Range$999 – $3,500Rent per Sq Ft$1 / $1Sq Ft2,043 / 2,034DOM33 / 19New3Total19
Townhouse
Avg/Median Rent$2,500 / $2,550Range$1,250 – $2,999Rent per Sq Ft$1 / $1Sq Ft1,900 / 1,800DOM33 / 8New3Total16
Rentals by Bedroom Count
1 Beds
Avg:$1,518Median:$1,586Range:$999 – $1,950PSF:$2 / $2Sq Ft:740 / 718DOM:92 / 6New:1Total:9
2 Beds
Avg:$2,154Median:$2,250Range:$1,378 – $2,550PSF:$2 / $1Sq Ft:1,436 / 1,573DOM:32 / 1New:4Total:11
3 Beds
Avg:$2,502Median:$2,495Range:$2,100 – $3,300PSF:$1 / $1Sq Ft:1,829 / 1,926DOM:26 / 10New:7Total:18
4 Beds
Avg:$2,778Median:$2,600Range:$2,495 – $3,500PSF:$1 / $1Sq Ft:2,240 / 2,100DOM:24 / 15New:1Total:14
5 Beds
Avg:$3,317Median:$3,450Range:$3,000 – $3,500PSF:$1 / $1Sq Ft:2,706 / 2,598DOM:23 / 19New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,518 | $1,586 | $999 – $1,950 | $2 / $2 | 740 / 718 | 92 / 6 | 1 | 9 |
| 2 Beds | $2,154 | $2,250 | $1,378 – $2,550 | $2 / $1 | 1,436 / 1,573 | 32 / 1 | 4 | 11 |
| 3 Beds | $2,502 | $2,495 | $2,100 – $3,300 | $1 / $1 | 1,829 / 1,926 | 26 / 10 | 7 | 18 |
| 4 Beds | $2,778 | $2,600 | $2,495 – $3,500 | $1 / $1 | 2,240 / 2,100 | 24 / 15 | 1 | 14 |
| 5 Beds | $3,317 | $3,450 | $3,000 – $3,500 | $1 / $1 | 2,706 / 2,598 | 23 / 19 | 1 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$435,000Median DOM:22New:40Total:112
Nov 2025
Median Price:$437,090Median DOM:29New:38Total:115
Dec 2025
Median Price:$443,594Median DOM:43New:27Total:110
Jan 2026
Median Price:$445,189Median DOM:31New:33Total:107
Feb 2026
Median Price:$449,000Median DOM:27New:34Total:110
Mar 2026
Median Price:$449,500Median DOM:27New:19Total:107
6-Month Rental Trend
Oct 2025
Median Rent:$2,495Median DOM:5New:19Total:38
Nov 2025
Median Rent:$2,400Median DOM:5New:12Total:34
Dec 2025
Median Rent:$2,400Median DOM:10New:13Total:32
Jan 2026
Median Rent:$2,400Median DOM:21New:15Total:38
Feb 2026
Median Rent:$2,450Median DOM:8New:23Total:50
Mar 2026
Median Rent:$2,495Median DOM:9New:14Total:55
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady 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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