ZIP 23222 Housing Market Report
Richmond Metro
Report period: March 2026
23222 Monthly Market Update – March 2026
ZIP 23222 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$350,000
+0.0%
Median DOM (Sales)
33
−10.8%
New Listings (Sales)
9
−73.5%
Median Rent
$1,400
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
119
−0.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (14 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($600,000 median)
Sales Market Overview
Median Price
$350,000
+0.0%
Median DOM
33
−10.8%
New Listings
9
−73.5%
Inventory
128
−3.0%
- Average Price: $333,838
- Median Price: $350,000
- Price Range: $49,000 – $630,000
- Price per Sq Ft (Avg/Median): $225 / $232
- Square Footage (Avg/Median): 1,589 / 1,566
- Square Footage Range: 576 – 3,736
- Days on Market (Avg/Median): 56 / 33
- Days on Market Range: 1 – 335
- New Listings: 9
- Total Listings: 128
Sales by Property Type
Land
Avg/Median Price$92,938 / $70,000Range$49,000 – $160,000Price per Sq Ft—Sq Ft—DOM24 / 14New0Total8
Multi-Family
Avg/Median Price$390,000 / $390,000Range$390,000 – $390,000Price per Sq Ft$254 / $254Sq Ft1,536 / 1,536DOM95 / 95New0Total1
Single Family
Avg/Median Price$347,722 / $350,000Range$150,000 – $630,000Price per Sq Ft$224 / $232Sq Ft1,585 / 1,560DOM56 / 34New9Total115
Townhouse
Avg/Median Price$402,412 / $389,900Range$389,900 – $429,900Price per Sq Ft$231 / $223Sq Ft1,742 / 1,749DOM68 / 21New0Total4
Sales by Bedroom Count
1 Beds
Avg:$179,950Median:$179,950Range:$179,950 – $179,950PSF:$312 / $312Sq Ft:576 / 576DOM:135 / 135New:0Total:1
2 Beds
Avg:$191,091Median:$179,900Range:$150,000 – $274,999PSF:$230 / $234Sq Ft:845 / 832DOM:84 / 54New:0Total:11
3 Beds
Avg:$345,494Median:$349,950Range:$174,700 – $609,900PSF:$225 / $232Sq Ft:1,564 / 1,492DOM:56 / 31New:5Total:74
4 Beds
Avg:$413,040Median:$424,900Range:$185,000 – $630,000PSF:$215 / $232Sq Ft:1,934 / 1,872DOM:50 / 37New:4Total:31
5 Beds
Avg:$367,474Median:$339,999Range:$339,999 – $394,950PSF:$203 / $177Sq Ft:1,820 / 1,716DOM:40 / 3New:0Total:2
6 Beds
Avg:$600,000Median:$600,000Range:$600,000 – $600,000PSF:$383 / $383Sq Ft:1,566 / 1,566DOM:2 / 2New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $179,950 | $179,950 | $179,950 – $179,950 | $312 / $312 | 576 / 576 | 135 / 135 | 0 | 1 |
| 2 Beds | $191,091 | $179,900 | $150,000 – $274,999 | $230 / $234 | 845 / 832 | 84 / 54 | 0 | 11 |
| 3 Beds | $345,494 | $349,950 | $174,700 – $609,900 | $225 / $232 | 1,564 / 1,492 | 56 / 31 | 5 | 74 |
| 4 Beds | $413,040 | $424,900 | $185,000 – $630,000 | $215 / $232 | 1,934 / 1,872 | 50 / 37 | 4 | 31 |
| 5 Beds | $367,474 | $339,999 | $339,999 – $394,950 | $203 / $177 | 1,820 / 1,716 | 40 / 3 | 0 | 2 |
| 6 Beds | $600,000 | $600,000 | $600,000 – $600,000 | $383 / $383 | 1,566 / 1,566 | 2 / 2 | 0 | 1 |
Rental Market Overview
Median Rent
$1,400
0.0%
Median DOM
1
0.0%
New Listings
49
Inventory
119
−0.8%
- Average Rent: $1,602
- Median Rent: $1,400
- Rent Range: $865 – $3,500
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,125 / 1,000
- Square Footage Range: 650 – 2,878
- Days on Market (Avg/Median): 34 / 1
- Days on Market Range: 1 – 303
- New Listings: 49
- Total Listings: 119
Rentals by Property Type
Apartment
$1,295
Median DOM: 1
Inventory: 46
MoM: 0.0%
Condo
$1,400
Median DOM: 1
Inventory: 11
MoM: 0.0%
Single Family
$1,795
Median DOM: 1
Inventory: 56
MoM: 0.0%
Townhouse
$1,500
Median DOM: 119
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$1,294 / $1,295Range$865 – $1,750Rent per Sq Ft$2 / $2Sq Ft894 / 825DOM40 / 1New23Total46
Condo
Avg/Median Rent$1,447 / $1,400Range$1,095 – $2,100Rent per Sq Ft$1 / $1Sq Ft1,127 / 1,142DOM20 / 1New6Total11
Multi-Family
Avg/Median Rent$1,324 / $1,275Range$995 – $1,925Rent per Sq Ft$1 / $1Sq Ft946 / 820DOM168 / 159New0Total5
Single Family
Avg/Median Rent$1,913 / $1,795Range$995 – $3,500Rent per Sq Ft$2 / $1Sq Ft1,343 / 1,200DOM17 / 1New20Total56
Townhouse
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$2 / $2Sq Ft660 / 660DOM119 / 119New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$990Median:$994Range:$865 – $1,100PSF:$1 / $1Sq Ft:1,132 / 880DOM:57 / 8New:1Total:4
2 Beds
Avg:$1,386Median:$1,295Range:$925 – $3,500PSF:$2 / $2Sq Ft:844 / 825DOM:29 / 1New:27Total:57
3 Beds
Avg:$1,749Median:$1,695Range:$995 – $2,750PSF:$1 / $1Sq Ft:1,278 / 1,218DOM:36 / 1New:15Total:45
4 Beds
Avg:$2,203Median:$2,299Range:$1,637 – $3,000PSF:$1 / $1Sq Ft:1,680 / 1,600DOM:40 / 1New:5Total:11
5 Beds
Avg:$2,368Median:$1,837Range:$1,837 – $2,900PSF:$1 / $1Sq Ft:2,389 / 1,900DOM:15 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $990 | $994 | $865 – $1,100 | $1 / $1 | 1,132 / 880 | 57 / 8 | 1 | 4 |
| 2 Beds | $1,386 | $1,295 | $925 – $3,500 | $2 / $2 | 844 / 825 | 29 / 1 | 27 | 57 |
| 3 Beds | $1,749 | $1,695 | $995 – $2,750 | $1 / $1 | 1,278 / 1,218 | 36 / 1 | 15 | 45 |
| 4 Beds | $2,203 | $2,299 | $1,637 – $3,000 | $1 / $1 | 1,680 / 1,600 | 40 / 1 | 5 | 11 |
| 5 Beds | $2,368 | $1,837 | $1,837 – $2,900 | $1 / $1 | 2,389 / 1,900 | 15 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$329,000Median DOM:30New:52Total:174
Nov 2025
Median Price:$339,000Median DOM:36New:35Total:162
Dec 2025
Median Price:$345,000Median DOM:47New:21Total:138
Jan 2026
Median Price:$345,000Median DOM:34New:40Total:125
Feb 2026
Median Price:$349,900Median DOM:37New:34Total:132
Mar 2026
Median Price:$350,000Median DOM:33New:9Total:128
6-Month Rental Trend
Oct 2025
Median Rent:$1,400Median DOM:1New:93Total:164
Nov 2025
Median Rent:$1,400Median DOM:1New:93Total:139
Dec 2025
Median Rent:$1,350Median DOM:1New:89Total:143
Jan 2026
Median Rent:$1,395Median DOM:1New:75Total:135
Feb 2026
Median Rent:$1,400Median DOM:1New:69Total:120
Mar 2026
Median Rent:$1,400Median DOM:1New:49Total:119
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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