ZIP 23230 Housing Market Report
Richmond Metro
Report period: March 2026
23230 Monthly Market Update – March 2026
ZIP 23230 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$472,500
+2.9%
Median DOM (Sales)
22
−48.8%
New Listings (Sales)
8
0.0%
Median Rent
$1,650
0.0%
Median DOM (Rental)
26
−16.1%
Total Rental Listings
51
+2.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (8 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,037,875 median)
Sales Market Overview
Median Price
$472,500
+2.9%
Median DOM
22
−48.8%
New Listings
8
0.0%
Inventory
52
+4.0%
- Average Price: $511,196
- Median Price: $472,500
- Price Range: $225,000 – $1,250,000
- Price per Sq Ft (Avg/Median): $289 / $287
- Square Footage (Avg/Median): 1,784 / 1,556
- Square Footage Range: 788 – 3,698
- Days on Market (Avg/Median): 58 / 22
- Days on Market Range: 2 – 321
- New Listings: 8
- Total Listings: 52
Sales by Property Type
Condo
Avg/Median Price$446,378 / $465,000Range$225,000 – $599,950Price per Sq Ft$285 / $287Sq Ft1,626 / 1,517DOM82 / 54New3Total27
Single Family
Avg/Median Price$589,590 / $524,995Range$299,900 – $1,250,000Price per Sq Ft$295 / $298Sq Ft1,971 / 1,735DOM29 / 8New5Total22
Townhouse
Avg/Median Price$519,667 / $515,000Range$459,000 – $585,000Price per Sq Ft$284 / $283Sq Ft1,834 / 1,876DOM54 / 62New0Total3
Sales by Bedroom Count
2 Beds
Avg:$397,158Median:$389,000Range:$225,000 – $599,950PSF:$302 / $309Sq Ft:1,321 / 1,265DOM:95 / 56New:1Total:17
3 Beds
Avg:$521,360Median:$515,000Range:$299,900 – $950,000PSF:$284 / $283Sq Ft:1,862 / 1,758DOM:40 / 11New:2Total:22
4 Beds
Avg:$610,225Median:$524,995Range:$355,000 – $1,250,000PSF:$274 / $245Sq Ft:2,197 / 1,836DOM:30 / 8New:5Total:12
5 Beds
Avg:$1,037,875Median:$1,037,875Range:$1,037,875 – $1,037,875PSF:$349 / $349Sq Ft:2,977 / 2,977DOM:158 / 158New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $397,158 | $389,000 | $225,000 – $599,950 | $302 / $309 | 1,321 / 1,265 | 95 / 56 | 1 | 17 |
| 3 Beds | $521,360 | $515,000 | $299,900 – $950,000 | $284 / $283 | 1,862 / 1,758 | 40 / 11 | 2 | 22 |
| 4 Beds | $610,225 | $524,995 | $355,000 – $1,250,000 | $274 / $245 | 2,197 / 1,836 | 30 / 8 | 5 | 12 |
| 5 Beds | $1,037,875 | $1,037,875 | $1,037,875 – $1,037,875 | $349 / $349 | 2,977 / 2,977 | 158 / 158 | 0 | 1 |
Rental Market Overview
Median Rent
$1,650
0.0%
Median DOM
26
−16.1%
New Listings
7
Inventory
51
+2.0%
- Average Rent: $1,789
- Median Rent: $1,650
- Rent Range: $995 – $3,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 860 / 667
- Square Footage Range: 300 – 2,868
- Days on Market (Avg/Median): 71 / 26
- Days on Market Range: 1 – 345
- New Listings: 7
- Total Listings: 51
Rentals by Property Type
Apartment
$1,598
Median DOM: 42
Inventory: 41
MoM: 0.0%
Condo
$995
Median DOM: 1
Inventory: 1
MoM: 0.0%
Single Family
$2,250
Median DOM: 1
Inventory: 8
MoM: 0.0%
Townhouse
$2,700
Median DOM: 64
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$1,685 / $1,598Range$1,315 – $2,975Rent per Sq Ft$3 / $3Sq Ft711 / 645DOM77 / 42New5Total41
Condo
Avg/Median Rent$995 / $995Range$995 – $995Rent per Sq Ft$2 / $2Sq Ft450 / 450DOM1 / 1New0Total1
Single Family
Avg/Median Rent$2,308 / $2,250Range$1,690 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,485 / 1,300DOM59 / 1New2Total8
Townhouse
Avg/Median Rent$2,700 / $2,700Range$2,700 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,802 / 1,802DOM64 / 64New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,554Median:$1,550Range:$1,424 – $1,736PSF:$3 / $3Sq Ft:481 / 496DOM:132 / 106New:0Total:8
1 Beds
Avg:$1,538Median:$1,550Range:$995 – $1,810PSF:$3 / $3Sq Ft:613 / 628DOM:74 / 42New:1Total:23
2 Beds
Avg:$1,833Median:$1,650Range:$1,545 – $2,250PSF:$2 / $2Sq Ft:1,014 / 1,000DOM:37 / 26New:4Total:10
3 Beds
Avg:$2,423Median:$2,500Range:$1,690 – $2,975PSF:$2 / $2Sq Ft:1,329 / 1,300DOM:39 / 1New:1Total:8
4 Beds
Avg:$2,848Median:$2,495Range:$2,495 – $3,200PSF:$1 / $1Sq Ft:2,214 / 1,560DOM:141 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,554 | $1,550 | $1,424 – $1,736 | $3 / $3 | 481 / 496 | 132 / 106 | 0 | 8 |
| 1 Beds | $1,538 | $1,550 | $995 – $1,810 | $3 / $3 | 613 / 628 | 74 / 42 | 1 | 23 |
| 2 Beds | $1,833 | $1,650 | $1,545 – $2,250 | $2 / $2 | 1,014 / 1,000 | 37 / 26 | 4 | 10 |
| 3 Beds | $2,423 | $2,500 | $1,690 – $2,975 | $2 / $2 | 1,329 / 1,300 | 39 / 1 | 1 | 8 |
| 4 Beds | $2,848 | $2,495 | $2,495 – $3,200 | $1 / $1 | 2,214 / 1,560 | 141 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$459,950Median DOM:50New:10Total:50
Nov 2025
Median Price:$465,000Median DOM:47New:9Total:48
Dec 2025
Median Price:$498,500Median DOM:71New:5Total:42
Jan 2026
Median Price:$459,000Median DOM:40New:19Total:49
Feb 2026
Median Price:$459,000Median DOM:43New:8Total:50
Mar 2026
Median Price:$472,500Median DOM:22New:8Total:52
6-Month Rental Trend
Oct 2025
Median Rent:$1,700Median DOM:50New:14Total:53
Nov 2025
Median Rent:$1,624Median DOM:23New:19Total:55
Dec 2025
Median Rent:$1,645Median DOM:36New:11Total:53
Jan 2026
Median Rent:$1,625Median DOM:27New:17Total:55
Feb 2026
Median Rent:$1,650Median DOM:31New:12Total:50
Mar 2026
Median Rent:$1,650Median DOM:26New:7Total:51
Key Market Takeaways
Median sale prices moved higher 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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