ZIP 23140 Housing Market Report
Richmond Metro
Report period: March 2026
23140 Monthly Market Update – March 2026
ZIP 23140 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$599,950
0.0%
Median DOM (Sales)
43
−8.5%
New Listings (Sales)
7
−61.1%
Median Rent
$2,800
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
3
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Land (24 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($749,990 median)
Sales Market Overview
Median Price
$599,950
0.0%
Median DOM
43
−8.5%
New Listings
7
−61.1%
Inventory
69
0.0%
- Average Price: $543,061
- Median Price: $599,950
- Price Range: $67,000 – $899,900
- Price per Sq Ft (Avg/Median): $209 / $204
- Square Footage (Avg/Median): 2,966 / 2,984
- Square Footage Range: 480 – 5,329
- Days on Market (Avg/Median): 64 / 43
- Days on Market Range: 1 – 280
- New Listings: 7
- Total Listings: 69
Sales by Property Type
Land
Avg/Median Price$114,350 / $129,999Range$67,000 – $140,000Price per Sq Ft—Sq Ft—DOM65 / 24New0Total8
Single Family
Avg/Median Price$599,286 / $625,000Range$119,000 – $899,900Price per Sq Ft$209 / $204Sq Ft2,966 / 2,984DOM63 / 43New7Total61
Sales by Bedroom Count
1 Beds
Avg:$119,000Median:$119,000Range:$119,000 – $119,000PSF:$101 / $101Sq Ft:1,173 / 1,173DOM:14 / 14New:0Total:1
2 Beds
Avg:$157,500Median:$120,000Range:$120,000 – $195,000PSF:$268 / $130Sq Ft:700 / 480DOM:11 / 5New:1Total:2
3 Beds
Avg:$481,753Median:$425,000Range:$165,000 – $799,950PSF:$225 / $204Sq Ft:2,170 / 2,032DOM:64 / 43New:3Total:18
4 Beds
Avg:$650,832Median:$625,000Range:$500,000 – $889,650PSF:$210 / $210Sq Ft:3,169 / 2,984DOM:72 / 46New:1Total:23
5 Beds
Avg:$733,236Median:$709,990Range:$600,000 – $899,900PSF:$194 / $183Sq Ft:3,850 / 3,700DOM:61 / 33New:2Total:16
6 Beds
Avg:$749,990Median:$749,990Range:$749,990 – $749,990PSF:$157 / $157Sq Ft:4,781 / 4,781DOM:43 / 43New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $119,000 | $119,000 | $119,000 – $119,000 | $101 / $101 | 1,173 / 1,173 | 14 / 14 | 0 | 1 |
| 2 Beds | $157,500 | $120,000 | $120,000 – $195,000 | $268 / $130 | 700 / 480 | 11 / 5 | 1 | 2 |
| 3 Beds | $481,753 | $425,000 | $165,000 – $799,950 | $225 / $204 | 2,170 / 2,032 | 64 / 43 | 3 | 18 |
| 4 Beds | $650,832 | $625,000 | $500,000 – $889,650 | $210 / $210 | 3,169 / 2,984 | 72 / 46 | 1 | 23 |
| 5 Beds | $733,236 | $709,990 | $600,000 – $899,900 | $194 / $183 | 3,850 / 3,700 | 61 / 33 | 2 | 16 |
| 6 Beds | $749,990 | $749,990 | $749,990 – $749,990 | $157 / $157 | 4,781 / 4,781 | 43 / 43 | 0 | 1 |
Rental Market Overview
Median Rent
$2,800
0.0%
Median DOM
1
0.0%
New Listings
1
Inventory
3
0.0%
- Average Rent: $2,398
- Median Rent: $2,800
- Rent Range: $1,495 – $2,900
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 2,180 / 2,600
- Square Footage Range: 720 – 3,220
- Days on Market (Avg/Median): 28 / 1
- Days on Market Range: 1 – 81
- New Listings: 1
- Total Listings: 3
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,800
Median DOM: 1
Inventory: 3
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$2,398 / $2,800Range$1,495 – $2,900Rent per Sq Ft$1 / $1Sq Ft2,180 / 2,600DOM28 / 1New1Total3
Rentals by Bedroom Count
2 Beds
Avg:$1,495Median:$1,495Range:$1,495 – $1,495PSF:$2 / $2Sq Ft:720 / 720DOM:1 / 1New:1Total:1
4 Beds
Avg:$2,850Median:$2,800Range:$2,800 – $2,900PSF:$1 / $1Sq Ft:2,910 / 2,600DOM:41 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,495 | $1,495 | $1,495 – $1,495 | $2 / $2 | 720 / 720 | 1 / 1 | 1 | 1 |
| 4 Beds | $2,850 | $2,800 | $2,800 – $2,900 | $1 / $1 | 2,910 / 2,600 | 41 / 1 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$575,000Median DOM:54New:15Total:63
Nov 2025
Median Price:$575,000Median DOM:63New:13Total:68
Dec 2025
Median Price:$597,000Median DOM:82New:4Total:56
Jan 2026
Median Price:$599,000Median DOM:71New:17Total:60
Feb 2026
Median Price:$599,950Median DOM:47New:18Total:69
Mar 2026
Median Price:$599,950Median DOM:43New:7Total:69
6-Month Rental Trend
Oct 2025
Median Rent:$2,400Median DOM:1New:3Total:6
Nov 2025
Median Rent:$2,400Median DOM:1New:4Total:6
Dec 2025
Median Rent:$2,500Median DOM:25New:2Total:6
Jan 2026
Median Rent:$2,500Median DOM:25New:1Total:4
Feb 2026
Median Rent:$2,800Median DOM:1New:1Total:3
Mar 2026
Median Rent:$2,800Median DOM:1New:1Total:3
Key Market Takeaways
Median sale prices held steady this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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