ZIP 23233 Housing Market Report
Richmond Metro
Report period: March 2026
23233 Monthly Market Update – March 2026
ZIP 23233 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$545,520
+1.0%
Median DOM (Sales)
27
−12.9%
New Listings (Sales)
13
−61.8%
Median Rent
$2,400
−4.0%
Median DOM (Rental)
26
+30.0%
Total Rental Listings
32
−5.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Single Family (10 DOM)
- Strongest bedroom: 6 Beds ($1,175,000 median)
Sales Market Overview
Median Price
$545,520
+1.0%
Median DOM
27
−12.9%
New Listings
13
−61.8%
Inventory
104
+3.0%
- Average Price: $618,235
- Median Price: $545,520
- Price Range: $245,000 – $2,349,950
- Price per Sq Ft (Avg/Median): $251 / $249
- Square Footage (Avg/Median): 2,416 / 2,206
- Square Footage Range: 974 – 5,457
- Days on Market (Avg/Median): 44 / 27
- Days on Market Range: 2 – 224
- New Listings: 13
- Total Listings: 104
Sales by Property Type
Condo
Avg/Median Price$449,799 / $444,585Range$245,000 – $739,900Price per Sq Ft$237 / $245Sq Ft1,948 / 2,192DOM30 / 18New3Total19
Single Family
Avg/Median Price$755,095 / $628,000Range$415,500 – $2,349,950Price per Sq Ft$258 / $251Sq Ft2,852 / 2,650DOM35 / 7New7Total41
Townhouse
Avg/Median Price$563,440 / $536,985Range$275,000 – $1,365,000Price per Sq Ft$251 / $253Sq Ft2,212 / 2,105DOM57 / 57New3Total44
Sales by Bedroom Count
2 Beds
Avg:$367,110Median:$383,995Range:$245,000 – $586,950PSF:$256 / $250Sq Ft:1,443 / 1,570DOM:32 / 31New:1Total:13
3 Beds
Avg:$564,926Median:$500,825Range:$284,000 – $1,365,000PSF:$243 / $235Sq Ft:2,287 / 2,161DOM:52 / 29New:4Total:34
4 Beds
Avg:$597,445Median:$570,000Range:$299,999 – $2,034,950PSF:$251 / $254Sq Ft:2,340 / 2,206DOM:38 / 29New:4Total:41
5 Beds
Avg:$976,417Median:$834,950Range:$642,500 – $2,349,950PSF:$263 / $247Sq Ft:3,622 / 3,486DOM:52 / 8New:3Total:15
6 Beds
Avg:$1,175,000Median:$1,175,000Range:$1,175,000 – $1,175,000PSF:$259 / $259Sq Ft:4,534 / 4,534DOM:7 / 7New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $367,110 | $383,995 | $245,000 – $586,950 | $256 / $250 | 1,443 / 1,570 | 32 / 31 | 1 | 13 |
| 3 Beds | $564,926 | $500,825 | $284,000 – $1,365,000 | $243 / $235 | 2,287 / 2,161 | 52 / 29 | 4 | 34 |
| 4 Beds | $597,445 | $570,000 | $299,999 – $2,034,950 | $251 / $254 | 2,340 / 2,206 | 38 / 29 | 4 | 41 |
| 5 Beds | $976,417 | $834,950 | $642,500 – $2,349,950 | $263 / $247 | 3,622 / 3,486 | 52 / 8 | 3 | 15 |
| 6 Beds | $1,175,000 | $1,175,000 | $1,175,000 – $1,175,000 | $259 / $259 | 4,534 / 4,534 | 7 / 7 | 1 | 1 |
Rental Market Overview
Median Rent
$2,400
−4.0%
Median DOM
26
+30.0%
New Listings
5
Inventory
32
−5.9%
- Average Rent: $2,435
- Median Rent: $2,400
- Rent Range: $1,385 – $5,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,559 / 1,534
- Square Footage Range: 588 – 3,512
- Days on Market (Avg/Median): 57 / 26
- Days on Market Range: 1 – 352
- New Listings: 5
- Total Listings: 32
Rentals by Property Type
Apartment
$1,540
Median DOM: 352
Inventory: 10
MoM: −4.0%
Condo
—
Median DOM: —
Inventory: —
MoM: −4.0%
Single Family
$2,700
Median DOM: 10
Inventory: 10
MoM: −4.0%
Townhouse
$2,500
Median DOM: 30
Inventory: 12
MoM: −4.0%
Apartment
Avg/Median Rent$1,693 / $1,540Range$1,385 – $2,606Rent per Sq Ft$2 / $2Sq Ft812 / 704DOM352 / 352New0Total10
Single Family
Avg/Median Rent$2,935 / $2,700Range$2,300 – $5,200Rent per Sq Ft$1 / $1Sq Ft2,051 / 2,020DOM13 / 10New3Total10
Townhouse
Avg/Median Rent$2,635 / $2,500Range$1,725 – $4,500Rent per Sq Ft$2 / $1Sq Ft1,813 / 1,574DOM68 / 30New2Total12
Rentals by Bedroom Count
1 Beds
Avg:$1,528Median:$1,535Range:$1,385 – $1,723PSF:$2 / $2Sq Ft:707 / 700DOM:352 / 352New:0Total:8
2 Beds
Avg:$2,116Median:$2,050Range:$1,725 – $2,606PSF:$2 / $2Sq Ft:1,157 / 1,112DOM:35 / 26New:1Total:5
3 Beds
Avg:$2,514Median:$2,500Range:$2,100 – $3,000PSF:$1 / $2Sq Ft:1,790 / 1,575DOM:23 / 19New:3Total:11
4 Beds
Avg:$3,431Median:$2,900Range:$2,796 – $5,200PSF:$1 / $1Sq Ft:2,458 / 2,287DOM:75 / 13New:1Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,528 | $1,535 | $1,385 – $1,723 | $2 / $2 | 707 / 700 | 352 / 352 | 0 | 8 |
| 2 Beds | $2,116 | $2,050 | $1,725 – $2,606 | $2 / $2 | 1,157 / 1,112 | 35 / 26 | 1 | 5 |
| 3 Beds | $2,514 | $2,500 | $2,100 – $3,000 | $1 / $2 | 1,790 / 1,575 | 23 / 19 | 3 | 11 |
| 4 Beds | $3,431 | $2,900 | $2,796 – $5,200 | $1 / $1 | 2,458 / 2,287 | 75 / 13 | 1 | 8 |
6-Month Sales Trend
Oct 2025
Median Price:$499,950Median DOM:25New:39Total:133
Nov 2025
Median Price:$500,000Median DOM:27New:36Total:128
Dec 2025
Median Price:$509,500Median DOM:43New:18Total:103
Jan 2026
Median Price:$530,585Median DOM:35New:33Total:99
Feb 2026
Median Price:$540,000Median DOM:31New:34Total:101
Mar 2026
Median Price:$545,520Median DOM:27New:13Total:104
6-Month Rental Trend
Oct 2025
Median Rent:$2,300Median DOM:15New:18Total:61
Nov 2025
Median Rent:$2,370Median DOM:17New:14Total:47
Dec 2025
Median Rent:$2,450Median DOM:15New:14Total:42
Jan 2026
Median Rent:$2,500Median DOM:14New:10Total:40
Feb 2026
Median Rent:$2,500Median DOM:20New:6Total:34
Mar 2026
Median Rent:$2,400Median DOM:26New:5Total:32
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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.
230052303023047230592306023063230692307523083231032311123112231132311423116231202312423139231402314623150231732321923220232212322223223232242322523226+12 more
← Back to Richmond Metro