ZIP 23124 Housing Market Report
Richmond Metro
Report period: March 2026
23124 Monthly Market Update – March 2026
ZIP 23124 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$464,991
+1.3%
Median DOM (Sales)
54
0.0%
New Listings (Sales)
9
−50.0%
Median Rent
$2,400
−4.0%
Median DOM (Rental)
1
−98.0%
Total Rental Listings
8
−11.1%
Month-over-Month Movement
Median sale prices moved higher. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (8 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($1,395,000 median)
Sales Market Overview
Median Price
$464,991
+1.3%
Median DOM
54
0.0%
New Listings
9
−50.0%
Inventory
94
−2.1%
- Average Price: $582,457
- Median Price: $464,991
- Price Range: $99,000 – $1,490,000
- Price per Sq Ft (Avg/Median): $257 / $252
- Square Footage (Avg/Median): 2,332 / 1,953
- Square Footage Range: 864 – 5,155
- Days on Market (Avg/Median): 77 / 54
- Days on Market Range: 3 – 363
- New Listings: 9
- Total Listings: 94
Sales by Property Type
Land
Avg/Median Price$351,286 / $140,000Range$99,000 – $1,490,000Price per Sq Ft—Sq Ft—DOM117 / 60New1Total7
Single Family
Avg/Median Price$624,927 / $495,000Range$239,000 – $1,439,460Price per Sq Ft$262 / $260Sq Ft2,388 / 1,953DOM79 / 54New5Total80
Townhouse
Avg/Median Price$328,256 / $319,950Range$294,990 – $359,000Price per Sq Ft$195 / $193Sq Ft1,685 / 1,635DOM13 / 8New3Total7
Sales by Bedroom Count
2 Beds
Avg:$429,900Median:$429,900Range:$429,900 – $429,900PSF:$247 / $247Sq Ft:1,744 / 1,744DOM:84 / 84New:0Total:1
3 Beds
Avg:$472,602Median:$437,990Range:$239,000 – $831,900PSF:$262 / $264Sq Ft:1,799 / 1,692DOM:69 / 49New:5Total:47
4 Beds
Avg:$686,639Median:$475,000Range:$424,900 – $1,439,460PSF:$255 / $233Sq Ft:2,600 / 2,380DOM:64 / 48New:2Total:27
5 Beds
Avg:$883,228Median:$819,700Range:$549,950 – $1,312,454PSF:$235 / $247Sq Ft:3,822 / 3,699DOM:116 / 118New:1Total:11
7 Beds
Avg:$1,395,000Median:$1,395,000Range:$1,395,000 – $1,395,000PSF:$324 / $324Sq Ft:4,303 / 4,303DOM:61 / 61New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $429,900 | $429,900 | $429,900 – $429,900 | $247 / $247 | 1,744 / 1,744 | 84 / 84 | 0 | 1 |
| 3 Beds | $472,602 | $437,990 | $239,000 – $831,900 | $262 / $264 | 1,799 / 1,692 | 69 / 49 | 5 | 47 |
| 4 Beds | $686,639 | $475,000 | $424,900 – $1,439,460 | $255 / $233 | 2,600 / 2,380 | 64 / 48 | 2 | 27 |
| 5 Beds | $883,228 | $819,700 | $549,950 – $1,312,454 | $235 / $247 | 3,822 / 3,699 | 116 / 118 | 1 | 11 |
| 7 Beds | $1,395,000 | $1,395,000 | $1,395,000 – $1,395,000 | $324 / $324 | 4,303 / 4,303 | 61 / 61 | 0 | 1 |
Rental Market Overview
Median Rent
$2,400
−4.0%
Median DOM
1
−98.0%
New Listings
2
Inventory
8
−11.1%
- Average Rent: $2,512
- Median Rent: $2,400
- Rent Range: $1,000 – $3,100
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,520 / 2,150
- Square Footage Range: 1,568 – 4,532
- Days on Market (Avg/Median): 31 / 1
- Days on Market Range: 1 – 77
- New Listings: 2
- Total Listings: 8
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: −4.0%
Condo
—
Median DOM: —
Inventory: —
MoM: −4.0%
Single Family
$3,000
Median DOM: 1
Inventory: 5
MoM: −4.0%
Townhouse
$2,395
Median DOM: 1
Inventory: 3
MoM: −4.0%
Single Family
Avg/Median Rent$2,590 / $3,000Range$1,000 – $3,100Rent per Sq Ft$1 / $1Sq Ft2,940 / 2,900DOM33 / 1New1Total5
Townhouse
Avg/Median Rent$2,382 / $2,395Range$2,350 – $2,400Rent per Sq Ft$1 / $1Sq Ft1,820 / 1,667DOM27 / 1New1Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,000Median:$1,000Range:$1,000 – $1,000PSF:$0 / $0Sq Ft:2,150 / 2,150DOM:—New:0Total:1
3 Beds
Avg:$2,372Median:$2,350Range:$2,350 – $2,395PSF:$1 / $1Sq Ft:1,618 / 1,568DOM:1 / 1New:1Total:2
4 Beds
Avg:$2,838Median:$2,850Range:$2,400 – $3,100PSF:$1 / $1Sq Ft:2,969 / 2,225DOM:26 / 1New:1Total:4
5 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$1 / $1Sq Ft:2,900 / 2,900DOM:77 / 77New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,000 | $1,000 | $1,000 – $1,000 | $0 / $0 | 2,150 / 2,150 | — | 0 | 1 |
| 3 Beds | $2,372 | $2,350 | $2,350 – $2,395 | $1 / $1 | 1,618 / 1,568 | 1 / 1 | 1 | 2 |
| 4 Beds | $2,838 | $2,850 | $2,400 – $3,100 | $1 / $1 | 2,969 / 2,225 | 26 / 1 | 1 | 4 |
| 5 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $1 / $1 | 2,900 / 2,900 | 77 / 77 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$456,990Median DOM:24New:55Total:121
Nov 2025
Median Price:$479,000Median DOM:46New:24Total:120
Dec 2025
Median Price:$458,990Median DOM:69New:18Total:115
Jan 2026
Median Price:$469,990Median DOM:84New:24Total:105
Feb 2026
Median Price:$458,990Median DOM:54New:18Total:96
Mar 2026
Median Price:$464,991Median DOM:54New:9Total:94
6-Month Rental Trend
Oct 2025
Median Rent:$2,300Median DOM:42New:1Total:4
Nov 2025
Median Rent:$2,850Median DOM:11New:5Total:7
Dec 2025
Median Rent:$2,700Median DOM:40New:4Total:9
Jan 2026
Median Rent:$2,700Median DOM:20New:4Total:11
Feb 2026
Median Rent:$2,500Median DOM:51New:2Total:9
Mar 2026
Median Rent:$2,400Median DOM:1New:2Total:8
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing eased, while total rental inventory tightened.
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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