ZIP 23224 Housing Market Report
Richmond Metro
Report period: March 2026
23224 Monthly Market Update – March 2026
ZIP 23224 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$279,950
−3.4%
Median DOM (Sales)
31
0.0%
New Listings (Sales)
13
−68.3%
Median Rent
$1,430
+0.4%
Median DOM (Rental)
10
−28.6%
Total Rental Listings
183
+4.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($385,000 median)
Sales Market Overview
Median Price
$279,950
−3.4%
Median DOM
31
0.0%
New Listings
13
−68.3%
Inventory
134
+2.3%
- Average Price: $290,419
- Median Price: $279,950
- Price Range: $79,000 – $966,500
- Price per Sq Ft (Avg/Median): $217 / $214
- Square Footage (Avg/Median): 1,416 / 1,376
- Square Footage Range: 586 – 4,015
- Days on Market (Avg/Median): 52 / 31
- Days on Market Range: 2 – 300
- New Listings: 13
- Total Listings: 134
Sales by Property Type
Condo
Avg/Median Price$282,420 / $252,450Range$214,900 – $469,900Price per Sq Ft$326 / $318Sq Ft875 / 793DOM47 / 31New1Total5
Land
Avg/Median Price$102,250 / $100,000Range$89,000 – $120,000Price per Sq Ft—Sq Ft—DOM135 / 105New0Total4
Single Family
Avg/Median Price$268,881 / $270,000Range$79,000 – $459,900Price per Sq Ft$211 / $207Sq Ft1,342 / 1,255DOM46 / 26New11Total100
Townhouse
Avg/Median Price$408,281 / $377,740Range$229,500 – $966,500Price per Sq Ft$222 / $215Sq Ft1,819 / 1,662DOM63 / 32New1Total25
Sales by Bedroom Count
1 Beds
Avg:$228,430Median:$214,900Range:$199,950 – $259,950PSF:$332 / $328Sq Ft:692 / 691DOM:27 / 31New:2Total:5
2 Beds
Avg:$259,464Median:$235,000Range:$79,000 – $469,900PSF:$242 / $237Sq Ft:1,087 / 950DOM:46 / 21New:0Total:26
3 Beds
Avg:$289,294Median:$289,995Range:$150,000 – $533,000PSF:$211 / $206Sq Ft:1,396 / 1,370DOM:47 / 26New:8Total:70
4 Beds
Avg:$357,719Median:$329,500Range:$189,950 – $966,500PSF:$197 / $185Sq Ft:1,834 / 1,680DOM:61 / 45New:3Total:27
5 Beds
Avg:$385,000Median:$385,000Range:$385,000 – $385,000PSF:$137 / $137Sq Ft:2,812 / 2,812DOM:63 / 63New:0Total:1
7 Beds
Avg:$325,000Median:$325,000Range:$325,000 – $325,000PSF:$142 / $142Sq Ft:2,286 / 2,286DOM:56 / 56New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $228,430 | $214,900 | $199,950 – $259,950 | $332 / $328 | 692 / 691 | 27 / 31 | 2 | 5 |
| 2 Beds | $259,464 | $235,000 | $79,000 – $469,900 | $242 / $237 | 1,087 / 950 | 46 / 21 | 0 | 26 |
| 3 Beds | $289,294 | $289,995 | $150,000 – $533,000 | $211 / $206 | 1,396 / 1,370 | 47 / 26 | 8 | 70 |
| 4 Beds | $357,719 | $329,500 | $189,950 – $966,500 | $197 / $185 | 1,834 / 1,680 | 61 / 45 | 3 | 27 |
| 5 Beds | $385,000 | $385,000 | $385,000 – $385,000 | $137 / $137 | 2,812 / 2,812 | 63 / 63 | 0 | 1 |
| 7 Beds | $325,000 | $325,000 | $325,000 – $325,000 | $142 / $142 | 2,286 / 2,286 | 56 / 56 | 0 | 1 |
Rental Market Overview
Median Rent
$1,430
+0.4%
Median DOM
10
−28.6%
New Listings
44
Inventory
183
+4.0%
- Average Rent: $1,532
- Median Rent: $1,430
- Rent Range: $695 – $5,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,011 / 884
- Square Footage Range: 365 – 6,474
- Days on Market (Avg/Median): 61 / 10
- Days on Market Range: 1 – 356
- New Listings: 44
- Total Listings: 183
Rentals by Property Type
Apartment
$1,233
Median DOM: 73
Inventory: 72
MoM: +0.4%
Condo
$995
Median DOM: 1
Inventory: 17
MoM: +0.4%
Single Family
$1,595
Median DOM: 1
Inventory: 79
MoM: +0.4%
Townhouse
$2,000
Median DOM: 2
Inventory: 15
MoM: +0.4%
Apartment
Avg/Median Rent$1,331 / $1,233Range$809 – $2,541Rent per Sq Ft$2 / $2Sq Ft721 / 632DOM116 / 73New4Total72
Condo
Avg/Median Rent$1,370 / $995Range$895 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,150 / 750DOM21 / 1New10Total17
Single Family
Avg/Median Rent$1,675 / $1,595Range$750 – $3,000Rent per Sq Ft$2 / $1Sq Ft1,200 / 1,092DOM31 / 1New24Total79
Townhouse
Avg/Median Rent$1,918 / $2,000Range$695 – $5,000Rent per Sq Ft$1 / $1Sq Ft1,381 / 1,220DOM18 / 2New6Total15
Rentals by Bedroom Count
Studio
Avg:$1,137Median:$1,150Range:$809 – $1,396PSF:$3 / $3Sq Ft:434 / 429DOM:243 / 163New:0Total:5
1 Beds
Avg:$1,199Median:$1,199Range:$750 – $2,100PSF:$2 / $2Sq Ft:723 / 606DOM:112 / 43New:7Total:53
2 Beds
Avg:$1,387Median:$1,350Range:$695 – $2,541PSF:$2 / $2Sq Ft:882 / 850DOM:41 / 1New:18Total:59
3 Beds
Avg:$1,907Median:$1,875Range:$1,000 – $3,000PSF:$1 / $1Sq Ft:1,339 / 1,237DOM:39 / 10New:11Total:46
4 Beds
Avg:$2,075Median:$1,999Range:$1,400 – $5,000PSF:$1 / $1Sq Ft:1,497 / 1,500DOM:20 / 2New:8Total:20
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,137 | $1,150 | $809 – $1,396 | $3 / $3 | 434 / 429 | 243 / 163 | 0 | 5 |
| 1 Beds | $1,199 | $1,199 | $750 – $2,100 | $2 / $2 | 723 / 606 | 112 / 43 | 7 | 53 |
| 2 Beds | $1,387 | $1,350 | $695 – $2,541 | $2 / $2 | 882 / 850 | 41 / 1 | 18 | 59 |
| 3 Beds | $1,907 | $1,875 | $1,000 – $3,000 | $1 / $1 | 1,339 / 1,237 | 39 / 10 | 11 | 46 |
| 4 Beds | $2,075 | $1,999 | $1,400 – $5,000 | $1 / $1 | 1,497 / 1,500 | 20 / 2 | 8 | 20 |
6-Month Sales Trend
Oct 2025
Median Price:$265,000Median DOM:37New:44Total:162
Nov 2025
Median Price:$275,000Median DOM:40New:35Total:159
Dec 2025
Median Price:$288,000Median DOM:44New:23Total:137
Jan 2026
Median Price:$290,000Median DOM:33New:45Total:130
Feb 2026
Median Price:$289,900Median DOM:31New:41Total:131
Mar 2026
Median Price:$279,950Median DOM:31New:13Total:134
6-Month Rental Trend
Oct 2025
Median Rent:$1,381Median DOM:1New:91Total:237
Nov 2025
Median Rent:$1,395Median DOM:1New:78Total:174
Dec 2025
Median Rent:$1,375Median DOM:3New:85Total:177
Jan 2026
Median Rent:$1,374Median DOM:3New:73Total:185
Feb 2026
Median Rent:$1,425Median DOM:14New:63Total:176
Mar 2026
Median Rent:$1,430Median DOM:10New:44Total:183
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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