ZIP 23225 Housing Market Report
Richmond Metro
Report period: March 2026
23225 Monthly Market Update – March 2026
ZIP 23225 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$419,950
+7.1%
Median DOM (Sales)
13
−38.1%
New Listings (Sales)
14
−41.7%
Median Rent
$1,575
+5.0%
Median DOM (Rental)
16
+23.1%
Total Rental Listings
85
−2.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (3 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($2,395,000 median)
Sales Market Overview
Median Price
$419,950
+7.1%
Median DOM
13
−38.1%
New Listings
14
−41.7%
Inventory
84
+9.1%
- Average Price: $482,240
- Median Price: $419,950
- Price Range: $85,000 – $2,395,000
- Price per Sq Ft (Avg/Median): $243 / $236
- Square Footage (Avg/Median): 1,977 / 1,772
- Square Footage Range: 661 – 7,900
- Days on Market (Avg/Median): 37 / 13
- Days on Market Range: 1 – 224
- New Listings: 14
- Total Listings: 84
Sales by Property Type
Condo
Avg/Median Price$307,222 / $320,000Range$250,000 – $395,000Price per Sq Ft$200 / $192Sq Ft1,541 / 1,561DOM67 / 82New0Total9
Land
Avg/Median Price$97,500 / $85,000Range$85,000 – $110,000Price per Sq Ft—Sq Ft—DOM5 / 3New1Total2
Multi-Family
Avg/Median Price$349,900 / $349,900Range$349,900 – $349,900Price per Sq Ft$102 / $102Sq Ft3,416 / 3,416DOM93 / 93New0Total1
Single Family
Avg/Median Price$541,942 / $449,950Range$184,900 – $2,395,000Price per Sq Ft$256 / $257Sq Ft2,062 / 1,896DOM32 / 8New12Total62
Townhouse
Avg/Median Price$359,785 / $342,000Range$285,000 – $435,000Price per Sq Ft$215 / $214Sq Ft1,697 / 1,515DOM42 / 28New1Total10
Sales by Bedroom Count
Studio
Avg:$349,900Median:$349,900Range:$349,900 – $349,900PSF:$102 / $102Sq Ft:3,416 / 3,416DOM:93 / 93New:0Total:1
2 Beds
Avg:$356,127Median:$324,900Range:$184,900 – $660,000PSF:$228 / $232Sq Ft:1,560 / 1,423DOM:53 / 24New:1Total:13
3 Beds
Avg:$428,443Median:$395,000Range:$197,000 – $1,775,000PSF:$245 / $233Sq Ft:1,715 / 1,581DOM:27 / 13New:8Total:42
4 Beds
Avg:$597,760Median:$499,000Range:$299,900 – $1,695,000PSF:$249 / $248Sq Ft:2,340 / 2,321DOM:45 / 9New:4Total:25
6 Beds
Avg:$2,395,000Median:$2,395,000Range:$2,395,000 – $2,395,000PSF:$303 / $303Sq Ft:7,900 / 7,900DOM:53 / 53New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $349,900 | $349,900 | $349,900 – $349,900 | $102 / $102 | 3,416 / 3,416 | 93 / 93 | 0 | 1 |
| 2 Beds | $356,127 | $324,900 | $184,900 – $660,000 | $228 / $232 | 1,560 / 1,423 | 53 / 24 | 1 | 13 |
| 3 Beds | $428,443 | $395,000 | $197,000 – $1,775,000 | $245 / $233 | 1,715 / 1,581 | 27 / 13 | 8 | 42 |
| 4 Beds | $597,760 | $499,000 | $299,900 – $1,695,000 | $249 / $248 | 2,340 / 2,321 | 45 / 9 | 4 | 25 |
| 6 Beds | $2,395,000 | $2,395,000 | $2,395,000 – $2,395,000 | $303 / $303 | 7,900 / 7,900 | 53 / 53 | 0 | 1 |
Rental Market Overview
Median Rent
$1,575
+5.0%
Median DOM
16
+23.1%
New Listings
18
Inventory
85
−2.3%
- Average Rent: $1,699
- Median Rent: $1,575
- Rent Range: $750 – $3,295
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,076 / 880
- Square Footage Range: 369 – 2,776
- Days on Market (Avg/Median): 53 / 16
- Days on Market Range: 1 – 352
- New Listings: 18
- Total Listings: 85
Rentals by Property Type
Apartment
$1,299
Median DOM: 34
Inventory: 44
MoM: +5.0%
Condo
$1,050
Median DOM: 1
Inventory: 1
MoM: +5.0%
Single Family
$2,100
Median DOM: 7
Inventory: 34
MoM: +5.0%
Townhouse
$1,750
Median DOM: 28
Inventory: 6
MoM: +5.0%
Apartment
Avg/Median Rent$1,385 / $1,299Range$940 – $2,850Rent per Sq Ft$2 / $2Sq Ft759 / 700DOM88 / 34New9Total44
Condo
Avg/Median Rent$1,050 / $1,050Range$1,050 – $1,050Rent per Sq Ft$2 / $2Sq Ft700 / 700DOM1 / 1New1Total1
Single Family
Avg/Median Rent$2,082 / $2,100Range$750 – $3,295Rent per Sq Ft$2 / $2Sq Ft1,467 / 1,400DOM23 / 7New8Total34
Townhouse
Avg/Median Rent$1,932 / $1,750Range$1,200 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,517 / 1,084DOM36 / 28New0Total6
Rentals by Bedroom Count
Studio
Avg:$1,108Median:$1,100Range:$1,049 – $1,199PSF:$2 / $2Sq Ft:480 / 531DOM:140 / 53New:1Total:5
1 Beds
Avg:$1,320Median:$1,275Range:$750 – $2,599PSF:$2 / $2Sq Ft:725 / 700DOM:81 / 32New:7Total:38
2 Beds
Avg:$1,667Median:$1,575Range:$1,175 – $2,750PSF:$2 / $1Sq Ft:1,083 / 996DOM:34 / 16New:3Total:10
3 Beds
Avg:$2,074Median:$2,041Range:$1,325 – $2,900PSF:$2 / $2Sq Ft:1,384 / 1,323DOM:21 / 1New:3Total:21
4 Beds
Avg:$2,564Median:$2,550Range:$2,050 – $3,295PSF:$1 / $1Sq Ft:1,958 / 1,960DOM:38 / 16New:4Total:10
5 Beds
Avg:$2,850Median:$2,850Range:$2,850 – $2,850PSF:$1 / $1Sq Ft:2,480 / 2,480DOM:22 / 22New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,108 | $1,100 | $1,049 – $1,199 | $2 / $2 | 480 / 531 | 140 / 53 | 1 | 5 |
| 1 Beds | $1,320 | $1,275 | $750 – $2,599 | $2 / $2 | 725 / 700 | 81 / 32 | 7 | 38 |
| 2 Beds | $1,667 | $1,575 | $1,175 – $2,750 | $2 / $1 | 1,083 / 996 | 34 / 16 | 3 | 10 |
| 3 Beds | $2,074 | $2,041 | $1,325 – $2,900 | $2 / $2 | 1,384 / 1,323 | 21 / 1 | 3 | 21 |
| 4 Beds | $2,564 | $2,550 | $2,050 – $3,295 | $1 / $1 | 1,958 / 1,960 | 38 / 16 | 4 | 10 |
| 5 Beds | $2,850 | $2,850 | $2,850 – $2,850 | $1 / $1 | 2,480 / 2,480 | 22 / 22 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$359,900Median DOM:28New:36Total:134
Nov 2025
Median Price:$375,000Median DOM:32New:23Total:114
Dec 2025
Median Price:$359,900Median DOM:55New:10Total:90
Jan 2026
Median Price:$349,999Median DOM:46New:29Total:76
Feb 2026
Median Price:$392,000Median DOM:21New:24Total:77
Mar 2026
Median Price:$419,950Median DOM:13New:14Total:84
6-Month Rental Trend
Oct 2025
Median Rent:$1,475Median DOM:1New:40Total:100
Nov 2025
Median Rent:$1,599Median DOM:1New:33Total:89
Dec 2025
Median Rent:$1,595Median DOM:16New:27Total:78
Jan 2026
Median Rent:$1,500Median DOM:11New:32Total:83
Feb 2026
Median Rent:$1,500Median DOM:13New:33Total:87
Mar 2026
Median Rent:$1,575Median DOM:16New:18Total:85
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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