ZIP 23229 Housing Market Report
Richmond Metro
Report period: March 2026
23229 Monthly Market Update – March 2026
ZIP 23229 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$469,000
+4.2%
Median DOM (Sales)
9
0.0%
New Listings (Sales)
12
−47.8%
Median Rent
$2,200
0.0%
Median DOM (Rental)
11
+450.0%
Total Rental Listings
25
−3.8%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (5 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,350,000 median)
Sales Market Overview
Median Price
$469,000
+4.2%
Median DOM
9
0.0%
New Listings
12
−47.8%
Inventory
70
+12.9%
- Average Price: $684,783
- Median Price: $469,000
- Price Range: $199,000 – $2,750,000
- Price per Sq Ft (Avg/Median): $284 / $279
- Square Footage (Avg/Median): 2,382 / 1,952
- Square Footage Range: 588 – 6,662
- Days on Market (Avg/Median): 24 / 9
- Days on Market Range: 1 – 195
- New Listings: 12
- Total Listings: 70
Sales by Property Type
Condo
Avg/Median Price$396,780 / $310,000Range$199,000 – $695,000Price per Sq Ft$283 / $296Sq Ft1,458 / 980DOM10 / 5New0Total5
Single Family
Avg/Median Price$694,001 / $449,900Range$269,900 – $2,750,000Price per Sq Ft$284 / $277Sq Ft2,401 / 1,902DOM22 / 9New11Total59
Townhouse
Avg/Median Price$834,142 / $849,950Range$560,000 – $950,000Price per Sq Ft$283 / $287Sq Ft2,965 / 2,870DOM57 / 17New1Total6
Sales by Bedroom Count
1 Beds
Avg:$199,000Median:$199,000Range:$199,000 – $199,000PSF:$338 / $338Sq Ft:588 / 588DOM:20 / 20New:0Total:1
2 Beds
Avg:$279,725Median:$269,900Range:$230,000 – $310,000PSF:$310 / $314Sq Ft:916 / 979DOM:5 / 4New:0Total:4
3 Beds
Avg:$505,236Median:$425,000Range:$299,000 – $950,000PSF:$300 / $297Sq Ft:1,721 / 1,472DOM:33 / 16New:5Total:29
4 Beds
Avg:$647,131Median:$449,900Range:$325,000 – $1,995,000PSF:$250 / $228Sq Ft:2,434 / 2,228DOM:21 / 7New:5Total:24
5 Beds
Avg:$1,448,414Median:$1,279,000Range:$965,000 – $2,750,000PSF:$326 / $328Sq Ft:4,383 / 4,291DOM:13 / 9New:2Total:7
6 Beds
Avg:$1,259,000Median:$1,350,000Range:$800,000 – $1,445,000PSF:$266 / $275Sq Ft:4,698 / 4,927DOM:16 / 15New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $199,000 | $199,000 | $199,000 – $199,000 | $338 / $338 | 588 / 588 | 20 / 20 | 0 | 1 |
| 2 Beds | $279,725 | $269,900 | $230,000 – $310,000 | $310 / $314 | 916 / 979 | 5 / 4 | 0 | 4 |
| 3 Beds | $505,236 | $425,000 | $299,000 – $950,000 | $300 / $297 | 1,721 / 1,472 | 33 / 16 | 5 | 29 |
| 4 Beds | $647,131 | $449,900 | $325,000 – $1,995,000 | $250 / $228 | 2,434 / 2,228 | 21 / 7 | 5 | 24 |
| 5 Beds | $1,448,414 | $1,279,000 | $965,000 – $2,750,000 | $326 / $328 | 4,383 / 4,291 | 13 / 9 | 2 | 7 |
| 6 Beds | $1,259,000 | $1,350,000 | $800,000 – $1,445,000 | $266 / $275 | 4,698 / 4,927 | 16 / 15 | 0 | 5 |
Rental Market Overview
Median Rent
$2,200
0.0%
Median DOM
11
+450.0%
New Listings
6
Inventory
25
−3.8%
- Average Rent: $2,205
- Median Rent: $2,200
- Rent Range: $1,212 – $3,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,394 / 1,482
- Square Footage Range: 480 – 2,370
- Days on Market (Avg/Median): 32 / 11
- Days on Market Range: 1 – 309
- New Listings: 6
- Total Listings: 25
Rentals by Property Type
Apartment
$1,229
Median DOM: 309
Inventory: 3
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,295
Median DOM: 1
Inventory: 22
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,333 / $1,229Range$1,212 – $1,558Rent per Sq Ft$2 / $2Sq Ft629 / 650DOM309 / 309New0Total3
Single Family
Avg/Median Rent$2,324 / $2,295Range$1,595 – $3,800Rent per Sq Ft$2 / $1Sq Ft1,498 / 1,508DOM19 / 1New6Total22
Rentals by Bedroom Count
1 Beds
Avg:$1,220Median:$1,212Range:$1,212 – $1,229PSF:$2 / $2Sq Ft:565 / 480DOM:—New:0Total:2
2 Beds
Avg:$1,576Median:$1,558Range:$1,558 – $1,595PSF:$2 / $2Sq Ft:764 / 757DOM:155 / 1New:1Total:2
3 Beds
Avg:$2,263Median:$2,300Range:$1,850 – $2,800PSF:$2 / $2Sq Ft:1,452 / 1,456DOM:20 / 17New:2Total:15
4 Beds
Avg:$2,678Median:$2,500Range:$2,195 – $3,800PSF:$2 / $1Sq Ft:1,777 / 1,588DOM:22 / 1New:3Total:5
5 Beds
Avg:$2,195Median:$2,195Range:$2,195 – $2,195PSF:$1 / $1Sq Ft:1,528 / 1,528DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,220 | $1,212 | $1,212 – $1,229 | $2 / $2 | 565 / 480 | — | 0 | 2 |
| 2 Beds | $1,576 | $1,558 | $1,558 – $1,595 | $2 / $2 | 764 / 757 | 155 / 1 | 1 | 2 |
| 3 Beds | $2,263 | $2,300 | $1,850 – $2,800 | $2 / $2 | 1,452 / 1,456 | 20 / 17 | 2 | 15 |
| 4 Beds | $2,678 | $2,500 | $2,195 – $3,800 | $2 / $1 | 1,777 / 1,588 | 22 / 1 | 3 | 5 |
| 5 Beds | $2,195 | $2,195 | $2,195 – $2,195 | $1 / $1 | 1,528 / 1,528 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$509,950Median DOM:15New:46Total:118
Nov 2025
Median Price:$524,950Median DOM:13New:22Total:101
Dec 2025
Median Price:$475,000Median DOM:36New:10Total:68
Jan 2026
Median Price:$450,000Median DOM:9New:27Total:57
Feb 2026
Median Price:$450,000Median DOM:9New:23Total:62
Mar 2026
Median Price:$469,000Median DOM:9New:12Total:70
6-Month Rental Trend
Oct 2025
Median Rent:$2,200Median DOM:2New:13Total:28
Nov 2025
Median Rent:$2,325Median DOM:21New:6Total:23
Dec 2025
Median Rent:$2,225Median DOM:36New:7Total:22
Jan 2026
Median Rent:$2,200Median DOM:11New:9Total:24
Feb 2026
Median Rent:$2,200Median DOM:2New:13Total:26
Mar 2026
Median Rent:$2,200Median DOM:11New:6Total:25
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady 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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