ZIP 23226 Housing Market Report
Richmond Metro
Report period: March 2026
23226 Monthly Market Update – March 2026
ZIP 23226 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$575,000
0.0%
Median DOM (Sales)
8
−11.1%
New Listings (Sales)
11
−60.7%
Median Rent
$2,250
0.0%
Median DOM (Rental)
9
+50.0%
Total Rental Listings
38
+8.6%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (7 DOM)
- Fastest renting: Single Family (6 DOM)
- Strongest bedroom: 6 Beds ($1,385,000 median)
Sales Market Overview
Median Price
$575,000
0.0%
Median DOM
8
−11.1%
New Listings
11
−60.7%
Inventory
68
+11.5%
- Average Price: $868,422
- Median Price: $575,000
- Price Range: $270,000 – $2,695,000
- Price per Sq Ft (Avg/Median): $372 / $363
- Square Footage (Avg/Median): 2,245 / 1,858
- Square Footage Range: 758 – 5,282
- Days on Market (Avg/Median): 31 / 8
- Days on Market Range: 1 – 284
- New Listings: 11
- Total Listings: 68
Sales by Property Type
Condo
Avg/Median Price$828,136 / $695,000Range$312,000 – $1,975,000Price per Sq Ft$420 / $389Sq Ft1,926 / 1,787DOM6 / 7New2Total7
Land
Avg/Median Price$678,333 / $550,000Range$535,000 – $950,000Price per Sq Ft—Sq Ft—DOM63 / 73New0Total3
Multi-Family
Avg/Median Price$532,000 / $525,000Range$525,000 – $539,000Price per Sq Ft$295 / $290Sq Ft1,804 / 1,799DOM30 / 19New0Total2
Single Family
Avg/Median Price$895,656 / $580,000Range$270,000 – $2,695,000Price per Sq Ft$368 / $347Sq Ft2,301 / 1,912DOM33 / 8New9Total56
Sales by Bedroom Count
1 Beds
Avg:$418,500Median:$312,000Range:$312,000 – $525,000PSF:$443 / $412Sq Ft:932 / 758DOM:8 / 7New:0Total:2
2 Beds
Avg:$398,950Median:$309,900Range:$299,000 – $695,000PSF:$387 / $366Sq Ft:1,032 / 832DOM:19 / 6New:3Total:6
3 Beds
Avg:$611,881Median:$539,000Range:$270,000 – $1,975,000PSF:$347 / $331Sq Ft:1,714 / 1,632DOM:15 / 7New:4Total:27
4 Beds
Avg:$1,089,362Median:$895,000Range:$370,000 – $2,685,000PSF:$378 / $331Sq Ft:2,735 / 2,625DOM:48 / 10New:2Total:20
5 Beds
Avg:$1,462,369Median:$1,300,000Range:$464,950 – $2,695,000PSF:$407 / $402Sq Ft:3,388 / 3,366DOM:37 / 7New:2Total:8
6 Beds
Avg:$1,890,000Median:$1,385,000Range:$1,385,000 – $2,395,000PSF:$388 / $278Sq Ft:4,892 / 4,804DOM:66 / 10New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $418,500 | $312,000 | $312,000 – $525,000 | $443 / $412 | 932 / 758 | 8 / 7 | 0 | 2 |
| 2 Beds | $398,950 | $309,900 | $299,000 – $695,000 | $387 / $366 | 1,032 / 832 | 19 / 6 | 3 | 6 |
| 3 Beds | $611,881 | $539,000 | $270,000 – $1,975,000 | $347 / $331 | 1,714 / 1,632 | 15 / 7 | 4 | 27 |
| 4 Beds | $1,089,362 | $895,000 | $370,000 – $2,685,000 | $378 / $331 | 2,735 / 2,625 | 48 / 10 | 2 | 20 |
| 5 Beds | $1,462,369 | $1,300,000 | $464,950 – $2,695,000 | $407 / $402 | 3,388 / 3,366 | 37 / 7 | 2 | 8 |
| 6 Beds | $1,890,000 | $1,385,000 | $1,385,000 – $2,395,000 | $388 / $278 | 4,892 / 4,804 | 66 / 10 | 0 | 2 |
Rental Market Overview
Median Rent
$2,250
0.0%
Median DOM
9
+50.0%
New Listings
13
Inventory
38
+8.6%
- Average Rent: $2,325
- Median Rent: $2,250
- Rent Range: $1,095 – $4,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,273 / 1,144
- Square Footage Range: 616 – 2,400
- Days on Market (Avg/Median): 22 / 9
- Days on Market Range: 1 – 146
- New Listings: 13
- Total Listings: 38
Rentals by Property Type
Apartment
$1,913
Median DOM: 17
Inventory: 7
MoM: 0.0%
Condo
$1,695
Median DOM: 22
Inventory: 1
MoM: 0.0%
Single Family
$2,350
Median DOM: 6
Inventory: 29
MoM: 0.0%
Townhouse
$2,250
Median DOM: 146
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$1,959 / $1,913Range$1,095 – $2,895Rent per Sq Ft$2 / $2Sq Ft823 / 800DOM48 / 17New0Total7
Condo
Avg/Median Rent$1,695 / $1,695Range$1,695 – $1,695Rent per Sq Ft$2 / $2Sq Ft758 / 758DOM22 / 22New0Total1
Single Family
Avg/Median Rent$2,437 / $2,350Range$1,400 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,413 / 1,274DOM13 / 6New13Total29
Townhouse
Avg/Median Rent$2,250 / $2,250Range$2,250 – $2,250Rent per Sq Ft$2 / $2Sq Ft1,011 / 1,011DOM146 / 146New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,905Median:$1,913Range:$1,695 – $2,108PSF:$3 / $2Sq Ft:734 / 758DOM:20 / 17New:0Total:3
2 Beds
Avg:$1,851Median:$1,645Range:$1,095 – $2,895PSF:$2 / $2Sq Ft:847 / 864DOM:78 / 92New:0Total:7
3 Beds
Avg:$2,444Median:$2,350Range:$1,400 – $4,000PSF:$2 / $2Sq Ft:1,320 / 1,207DOM:13 / 9New:7Total:21
4 Beds
Avg:$2,619Median:$2,495Range:$2,195 – $3,600PSF:$1 / $1Sq Ft:1,875 / 1,634DOM:2 / 1New:6Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,905 | $1,913 | $1,695 – $2,108 | $3 / $2 | 734 / 758 | 20 / 17 | 0 | 3 |
| 2 Beds | $1,851 | $1,645 | $1,095 – $2,895 | $2 / $2 | 847 / 864 | 78 / 92 | 0 | 7 |
| 3 Beds | $2,444 | $2,350 | $1,400 – $4,000 | $2 / $2 | 1,320 / 1,207 | 13 / 9 | 7 | 21 |
| 4 Beds | $2,619 | $2,495 | $2,195 – $3,600 | $1 / $1 | 1,875 / 1,634 | 2 / 1 | 6 | 7 |
6-Month Sales Trend
Oct 2025
Median Price:$550,000Median DOM:10New:36Total:93
Nov 2025
Median Price:$550,000Median DOM:25New:13Total:76
Dec 2025
Median Price:$550,000Median DOM:36New:8Total:52
Jan 2026
Median Price:$550,000Median DOM:30New:16Total:46
Feb 2026
Median Price:$575,000Median DOM:9New:28Total:61
Mar 2026
Median Price:$575,000Median DOM:8New:11Total:68
6-Month Rental Trend
Oct 2025
Median Rent:$2,200Median DOM:8New:17Total:33
Nov 2025
Median Rent:$2,250Median DOM:8New:10Total:27
Dec 2025
Median Rent:$2,350Median DOM:17New:11Total:27
Jan 2026
Median Rent:$2,395Median DOM:15New:14Total:26
Feb 2026
Median Rent:$2,250Median DOM:6New:20Total:35
Mar 2026
Median Rent:$2,250Median DOM:9New:13Total:38
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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