ZIP 23223 Housing Market Report
Richmond Metro
Report period: March 2026
23223 Monthly Market Update – March 2026
ZIP 23223 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$344,958
−0.0%
Median DOM (Sales)
27
−25.0%
New Listings (Sales)
28
−54.8%
Median Rent
$1,500
−2.4%
Median DOM (Rental)
15
+50.0%
Total Rental Listings
192
−1.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($2,750,000 median)
Sales Market Overview
Median Price
$344,958
−0.0%
Median DOM
27
−25.0%
New Listings
28
−54.8%
Inventory
225
+4.2%
- Average Price: $369,699
- Median Price: $344,958
- Price Range: $5,000 – $2,750,000
- Price per Sq Ft (Avg/Median): $234 / $223
- Square Footage (Avg/Median): 1,603 / 1,564
- Square Footage Range: 656 – 7,624
- Days on Market (Avg/Median): 46 / 27
- Days on Market Range: 1 – 336
- New Listings: 28
- Total Listings: 225
Sales by Property Type
Condo
Avg/Median Price$223,070 / $127,900Range$115,000 – $595,000Price per Sq Ft$252 / $180Sq Ft855 / 814DOM52 / 29New7Total22
Land
Avg/Median Price$222,775 / $133,000Range$5,000 – $720,000Price per Sq Ft—Sq Ft—DOM134 / 164New0Total10
Multi-Family
Avg/Median Price$255,000 / $255,000Range$255,000 – $255,000Price per Sq Ft$125 / $125Sq Ft2,034 / 2,034DOM159 / 159New0Total1
Single Family
Avg/Median Price$382,923 / $350,000Range$108,500 – $2,750,000Price per Sq Ft$230 / $224Sq Ft1,660 / 1,604DOM40 / 18New16Total151
Townhouse
Avg/Median Price$438,310 / $366,543Range$224,000 – $935,600Price per Sq Ft$240 / $228Sq Ft1,787 / 1,606DOM43 / 38New5Total41
Sales by Bedroom Count
1 Beds
Avg:$306,990Median:$325,000Range:$145,000 – $385,000PSF:$375 / $357Sq Ft:818 / 783DOM:34 / 49New:1Total:5
2 Beds
Avg:$234,023Median:$199,900Range:$108,500 – $750,000PSF:$234 / $196Sq Ft:985 / 822DOM:55 / 32New:5Total:32
3 Beds
Avg:$350,886Median:$335,000Range:$125,000 – $899,000PSF:$231 / $227Sq Ft:1,519 / 1,512DOM:41 / 24New:20Total:131
4 Beds
Avg:$475,754Median:$439,990Range:$200,000 – $935,600PSF:$222 / $217Sq Ft:2,129 / 2,094DOM:39 / 15New:2Total:40
5 Beds
Avg:$697,449Median:$478,800Range:$369,950 – $1,499,999PSF:$227 / $211Sq Ft:2,873 / 2,256DOM:38 / 33New:0Total:6
6 Beds
Avg:$2,750,000Median:$2,750,000Range:$2,750,000 – $2,750,000PSF:$361 / $361Sq Ft:7,624 / 7,624DOM:42 / 42New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $306,990 | $325,000 | $145,000 – $385,000 | $375 / $357 | 818 / 783 | 34 / 49 | 1 | 5 |
| 2 Beds | $234,023 | $199,900 | $108,500 – $750,000 | $234 / $196 | 985 / 822 | 55 / 32 | 5 | 32 |
| 3 Beds | $350,886 | $335,000 | $125,000 – $899,000 | $231 / $227 | 1,519 / 1,512 | 41 / 24 | 20 | 131 |
| 4 Beds | $475,754 | $439,990 | $200,000 – $935,600 | $222 / $217 | 2,129 / 2,094 | 39 / 15 | 2 | 40 |
| 5 Beds | $697,449 | $478,800 | $369,950 – $1,499,999 | $227 / $211 | 2,873 / 2,256 | 38 / 33 | 0 | 6 |
| 6 Beds | $2,750,000 | $2,750,000 | $2,750,000 – $2,750,000 | $361 / $361 | 7,624 / 7,624 | 42 / 42 | 0 | 1 |
Rental Market Overview
Median Rent
$1,500
−2.4%
Median DOM
15
+50.0%
New Listings
47
Inventory
192
−1.0%
- Average Rent: $1,581
- Median Rent: $1,500
- Rent Range: $795 – $3,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 994 / 850
- Square Footage Range: 350 – 2,750
- Days on Market (Avg/Median): 52 / 15
- Days on Market Range: 1 – 356
- New Listings: 47
- Total Listings: 192
Rentals by Property Type
Apartment
$1,300
Median DOM: 43
Inventory: 86
MoM: −2.4%
Condo
$1,300
Median DOM: 1
Inventory: 19
MoM: −2.4%
Single Family
$1,700
Median DOM: 1
Inventory: 68
MoM: −2.4%
Townhouse
$1,650
Median DOM: 2
Inventory: 17
MoM: −2.4%
Apartment
Avg/Median Rent$1,400 / $1,300Range$795 – $2,650Rent per Sq Ft$2 / $2Sq Ft803 / 750DOM89 / 43New13Total86
Condo
Avg/Median Rent$1,383 / $1,300Range$950 – $1,950Rent per Sq Ft$2 / $2Sq Ft878 / 760DOM28 / 1New10Total19
Multi-Family
Avg/Median Rent$1,625 / $1,350Range$1,350 – $1,900Rent per Sq Ft$1 / $1Sq Ft1,315 / 888DOM38 / 27New0Total2
Single Family
Avg/Median Rent$1,856 / $1,700Range$795 – $3,400Rent per Sq Ft$2 / $2Sq Ft1,183 / 1,092DOM19 / 1New21Total68
Townhouse
Avg/Median Rent$1,611 / $1,650Range$975 – $2,495Rent per Sq Ft$1 / $1Sq Ft1,318 / 1,056DOM42 / 2New3Total17
Rentals by Bedroom Count
Studio
Avg:$1,196Median:$1,195Range:$1,193 – $1,200PSF:$3 / $3Sq Ft:430 / 406DOM:183 / 43New:0Total:4
1 Beds
Avg:$1,305Median:$1,349Range:$795 – $1,850PSF:$2 / $2Sq Ft:673 / 651DOM:98 / 47New:2Total:43
2 Beds
Avg:$1,505Median:$1,395Range:$850 – $3,155PSF:$2 / $2Sq Ft:931 / 822DOM:42 / 9New:33Total:96
3 Beds
Avg:$1,980Median:$1,900Range:$1,371 – $3,400PSF:$1 / $1Sq Ft:1,373 / 1,324DOM:30 / 2New:11Total:40
4 Beds
Avg:$2,108Median:$1,800Range:$1,600 – $2,985PSF:$1 / $1Sq Ft:1,731 / 1,544DOM:17 / 1New:1Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,196 | $1,195 | $1,193 – $1,200 | $3 / $3 | 430 / 406 | 183 / 43 | 0 | 4 |
| 1 Beds | $1,305 | $1,349 | $795 – $1,850 | $2 / $2 | 673 / 651 | 98 / 47 | 2 | 43 |
| 2 Beds | $1,505 | $1,395 | $850 – $3,155 | $2 / $2 | 931 / 822 | 42 / 9 | 33 | 96 |
| 3 Beds | $1,980 | $1,900 | $1,371 – $3,400 | $1 / $1 | 1,373 / 1,324 | 30 / 2 | 11 | 40 |
| 4 Beds | $2,108 | $1,800 | $1,600 – $2,985 | $1 / $1 | 1,731 / 1,544 | 17 / 1 | 1 | 9 |
6-Month Sales Trend
Oct 2025
Median Price:$334,488Median DOM:31New:90Total:266
Nov 2025
Median Price:$326,900Median DOM:33New:51Total:260
Dec 2025
Median Price:$327,000Median DOM:47New:42Total:219
Jan 2026
Median Price:$335,000Median DOM:36New:65Total:201
Feb 2026
Median Price:$345,000Median DOM:36New:62Total:216
Mar 2026
Median Price:$344,958Median DOM:27New:28Total:225
6-Month Rental Trend
Oct 2025
Median Rent:$1,465Median DOM:1New:116Total:240
Nov 2025
Median Rent:$1,495Median DOM:1New:97Total:213
Dec 2025
Median Rent:$1,450Median DOM:9New:83Total:190
Jan 2026
Median Rent:$1,499Median DOM:9New:89Total:193
Feb 2026
Median Rent:$1,537Median DOM:10New:70Total:194
Mar 2026
Median Rent:$1,500Median DOM:15New:47Total:192
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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