ZIP 23234 Housing Market Report
Richmond Metro
Report period: March 2026
23234 Monthly Market Update – March 2026
ZIP 23234 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$336,990
−0.9%
Median DOM (Sales)
29
+7.4%
New Listings (Sales)
19
−69.4%
Median Rent
$1,500
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
96
+7.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($454,540 median)
Sales Market Overview
Median Price
$336,990
−0.9%
Median DOM
29
+7.4%
New Listings
19
−69.4%
Inventory
180
0.0%
- Average Price: $325,856
- Median Price: $336,990
- Price Range: $39,900 – $649,900
- Price per Sq Ft (Avg/Median): $214 / $220
- Square Footage (Avg/Median): 1,620 / 1,518
- Square Footage Range: 672 – 4,417
- Days on Market (Avg/Median): 44 / 29
- Days on Market Range: 2 – 282
- New Listings: 19
- Total Listings: 180
Sales by Property Type
Land
Avg/Median Price$116,900 / $60,000Range$39,900 – $262,500Price per Sq Ft—Sq Ft—DOM101 / 40New1Total7
Single Family
Avg/Median Price$340,546 / $339,000Range$140,000 – $649,900Price per Sq Ft$210 / $211Sq Ft1,710 / 1,544DOM36 / 18New15Total107
Townhouse
Avg/Median Price$324,204 / $339,990Range$180,000 – $384,990Price per Sq Ft$221 / $230Sq Ft1,473 / 1,474DOM50 / 37New3Total66
Sales by Bedroom Count
2 Beds
Avg:$224,862Median:$209,990Range:$140,000 – $379,990PSF:$220 / $216Sq Ft:1,048 / 950DOM:27 / 20New:2Total:15
3 Beds
Avg:$320,578Median:$328,950Range:$199,900 – $449,990PSF:$223 / $230Sq Ft:1,460 / 1,474DOM:43 / 31New:11Total:120
4 Beds
Avg:$403,437Median:$399,000Range:$200,000 – $599,000PSF:$189 / $195Sq Ft:2,185 / 2,115DOM:44 / 14New:4Total:28
5 Beds
Avg:$470,285Median:$454,540Range:$320,000 – $649,900PSF:$178 / $175Sq Ft:2,726 / 2,480DOM:39 / 22New:1Total:8
6 Beds
Avg:$467,500Median:$385,000Range:$385,000 – $550,000PSF:$147 / $125Sq Ft:3,161 / 3,078DOM:27 / 5New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $224,862 | $209,990 | $140,000 – $379,990 | $220 / $216 | 1,048 / 950 | 27 / 20 | 2 | 15 |
| 3 Beds | $320,578 | $328,950 | $199,900 – $449,990 | $223 / $230 | 1,460 / 1,474 | 43 / 31 | 11 | 120 |
| 4 Beds | $403,437 | $399,000 | $200,000 – $599,000 | $189 / $195 | 2,185 / 2,115 | 44 / 14 | 4 | 28 |
| 5 Beds | $470,285 | $454,540 | $320,000 – $649,900 | $178 / $175 | 2,726 / 2,480 | 39 / 22 | 1 | 8 |
| 6 Beds | $467,500 | $385,000 | $385,000 – $550,000 | $147 / $125 | 3,161 / 3,078 | 27 / 5 | 0 | 2 |
Rental Market Overview
Median Rent
$1,500
+0.3%
Median DOM
1
0.0%
New Listings
37
Inventory
96
+7.9%
- Average Rent: $1,746
- Median Rent: $1,500
- Rent Range: $785 – $3,900
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,238 / 1,050
- Square Footage Range: 512 – 3,100
- Days on Market (Avg/Median): 28 / 1
- Days on Market Range: 1 – 331
- New Listings: 37
- Total Listings: 96
Rentals by Property Type
Apartment
$1,200
Median DOM: 22
Inventory: 19
MoM: +0.3%
Condo
$1,195
Median DOM: 1
Inventory: 12
MoM: +0.3%
Single Family
$1,900
Median DOM: 2
Inventory: 42
MoM: +0.3%
Townhouse
$1,595
Median DOM: 1
Inventory: 22
MoM: +0.3%
Apartment
Avg/Median Rent$1,186 / $1,200Range$975 – $1,600Rent per Sq Ft$2 / $2Sq Ft722 / 750DOM77 / 22New1Total19
Condo
Avg/Median Rent$1,266 / $1,195Range$1,195 – $1,395Rent per Sq Ft$2 / $2Sq Ft826 / 857DOM1 / 1New10Total12
Multi-Family
Avg/Median Rent$785 / $785Range$785 – $785Rent per Sq Ft$1 / $1Sq Ft1,440 / 1,440DOM24 / 24New0Total1
Single Family
Avg/Median Rent$2,083 / $1,900Range$1,195 – $3,900Rent per Sq Ft$1 / $1Sq Ft1,525 / 1,392DOM21 / 2New15Total42
Townhouse
Avg/Median Rent$1,895 / $1,595Range$1,395 – $2,795Rent per Sq Ft$2 / $2Sq Ft1,325 / 1,178DOM12 / 1New11Total22
Rentals by Bedroom Count
Studio
Avg:$1,395Median:$1,395Range:$1,395 – $1,395PSF:—Sq Ft:—DOM:1 / 1New:0Total:1
1 Beds
Avg:$1,199Median:$1,195Range:$1,120 – $1,295PSF:$2 / $2Sq Ft:650 / 662DOM:55 / 1New:4Total:7
2 Beds
Avg:$1,325Median:$1,370Range:$785 – $1,695PSF:$2 / $2Sq Ft:844 / 857DOM:27 / 1New:18Total:40
3 Beds
Avg:$2,089Median:$2,150Range:$1,195 – $2,900PSF:$2 / $1Sq Ft:1,448 / 1,440DOM:26 / 6New:9Total:32
4 Beds
Avg:$2,179Median:$1,899Range:$1,495 – $3,090PSF:$1 / $1Sq Ft:1,834 / 1,512DOM:23 / 3New:4Total:12
5 Beds
Avg:$2,975Median:$2,600Range:$2,500 – $3,900PSF:$1 / $1Sq Ft:2,347 / 2,200DOM:15 / 10New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,395 | $1,395 | $1,395 – $1,395 | — | — | 1 / 1 | 0 | 1 |
| 1 Beds | $1,199 | $1,195 | $1,120 – $1,295 | $2 / $2 | 650 / 662 | 55 / 1 | 4 | 7 |
| 2 Beds | $1,325 | $1,370 | $785 – $1,695 | $2 / $2 | 844 / 857 | 27 / 1 | 18 | 40 |
| 3 Beds | $2,089 | $2,150 | $1,195 – $2,900 | $2 / $1 | 1,448 / 1,440 | 26 / 6 | 9 | 32 |
| 4 Beds | $2,179 | $1,899 | $1,495 – $3,090 | $1 / $1 | 1,834 / 1,512 | 23 / 3 | 4 | 12 |
| 5 Beds | $2,975 | $2,600 | $2,500 – $3,900 | $1 / $1 | 2,347 / 2,200 | 15 / 10 | 2 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$340,000Median DOM:27New:90Total:229
Nov 2025
Median Price:$344,990Median DOM:34New:61Total:237
Dec 2025
Median Price:$339,900Median DOM:40New:37Total:190
Jan 2026
Median Price:$335,000Median DOM:29New:64Total:162
Feb 2026
Median Price:$339,900Median DOM:27New:62Total:180
Mar 2026
Median Price:$336,990Median DOM:29New:19Total:180
6-Month Rental Trend
Oct 2025
Median Rent:$1,445Median DOM:1New:54Total:99
Nov 2025
Median Rent:$1,395Median DOM:1New:52Total:95
Dec 2025
Median Rent:$1,395Median DOM:1New:56Total:96
Jan 2026
Median Rent:$1,395Median DOM:1New:44Total:99
Feb 2026
Median Rent:$1,495Median DOM:1New:41Total:89
Mar 2026
Median Rent:$1,500Median DOM:1New:37Total:96
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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