ZIP 23235 Housing Market Report
Richmond Metro
Report period: March 2026
23235 Monthly Market Update – March 2026
ZIP 23235 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$434,990
0.0%
Median DOM (Sales)
11
+10.0%
New Listings (Sales)
9
−76.9%
Median Rent
$1,950
−2.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
40
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened.
What's Moving Fastest
- Fastest selling: Single Family (9 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,995,000 median)
Sales Market Overview
Median Price
$434,990
0.0%
Median DOM
11
+10.0%
New Listings
9
−76.9%
Inventory
113
0.0%
- Average Price: $505,307
- Median Price: $434,990
- Price Range: $40,000 – $2,650,000
- Price per Sq Ft (Avg/Median): $231 / $221
- Square Footage (Avg/Median): 2,225 / 2,058
- Square Footage Range: 850 – 6,445
- Days on Market (Avg/Median): 40 / 11
- Days on Market Range: 1 – 317
- New Listings: 9
- Total Listings: 113
Sales by Property Type
Condo
Avg/Median Price$391,125 / $420,000Range$204,500 – $515,000Price per Sq Ft$205 / $200Sq Ft1,872 / 1,785DOM19 / 13New0Total4
Land
Avg/Median Price$228,750 / $109,999Range$40,000 – $400,000Price per Sq Ft—Sq Ft—DOM164 / 40New1Total4
Single Family
Avg/Median Price$528,462 / $435,000Range$249,900 – $2,650,000Price per Sq Ft$230 / $219Sq Ft2,285 / 2,080DOM37 / 9New8Total96
Townhouse
Avg/Median Price$431,985 / $465,000Range$244,950 – $569,900Price per Sq Ft$243 / $260Sq Ft1,739 / 1,620DOM28 / 22New0Total9
Sales by Bedroom Count
2 Beds
Avg:$338,957Median:$274,900Range:$249,900 – $465,000PSF:$233 / $217Sq Ft:1,483 / 1,527DOM:13 / 13New:0Total:7
3 Beds
Avg:$439,057Median:$419,990Range:$204,500 – $899,900PSF:$246 / $242Sq Ft:1,802 / 1,675DOM:44 / 14New:3Total:43
4 Beds
Avg:$531,794Median:$444,950Range:$275,000 – $2,650,000PSF:$210 / $205Sq Ft:2,499 / 2,208DOM:31 / 9New:3Total:50
5 Beds
Avg:$793,487Median:$679,000Range:$399,999 – $1,275,000PSF:$243 / $212Sq Ft:3,181 / 3,120DOM:44 / 11New:1Total:8
6 Beds
Avg:$1,995,000Median:$1,995,000Range:$1,995,000 – $1,995,000PSF:$466 / $466Sq Ft:4,281 / 4,281DOM:8 / 8New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $338,957 | $274,900 | $249,900 – $465,000 | $233 / $217 | 1,483 / 1,527 | 13 / 13 | 0 | 7 |
| 3 Beds | $439,057 | $419,990 | $204,500 – $899,900 | $246 / $242 | 1,802 / 1,675 | 44 / 14 | 3 | 43 |
| 4 Beds | $531,794 | $444,950 | $275,000 – $2,650,000 | $210 / $205 | 2,499 / 2,208 | 31 / 9 | 3 | 50 |
| 5 Beds | $793,487 | $679,000 | $399,999 – $1,275,000 | $243 / $212 | 3,181 / 3,120 | 44 / 11 | 1 | 8 |
| 6 Beds | $1,995,000 | $1,995,000 | $1,995,000 – $1,995,000 | $466 / $466 | 4,281 / 4,281 | 8 / 8 | 1 | 1 |
Rental Market Overview
Median Rent
$1,950
−2.3%
Median DOM
1
0.0%
New Listings
11
Inventory
40
0.0%
- Average Rent: $1,978
- Median Rent: $1,950
- Rent Range: $850 – $5,200
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,344 / 1,296
- Square Footage Range: 647 – 2,961
- Days on Market (Avg/Median): 36 / 1
- Days on Market Range: 1 – 336
- New Listings: 11
- Total Listings: 40
Rentals by Property Type
Apartment
$1,554
Median DOM: 111
Inventory: 7
MoM: −2.3%
Condo
$1,495
Median DOM: 1
Inventory: 1
MoM: −2.3%
Single Family
$2,260
Median DOM: 1
Inventory: 24
MoM: −2.3%
Townhouse
$1,195
Median DOM: 1
Inventory: 8
MoM: −2.3%
Apartment
Avg/Median Rent$1,585 / $1,554Range$1,495 – $1,815Rent per Sq Ft$2 / $2Sq Ft790 / 794DOM213 / 111New0Total7
Condo
Avg/Median Rent$1,495 / $1,495Range$1,495 – $1,495Rent per Sq Ft$2 / $2Sq Ft957 / 957DOM1 / 1New0Total1
Single Family
Avg/Median Rent$2,344 / $2,260Range$850 – $5,200Rent per Sq Ft$1 / $1Sq Ft1,652 / 1,440DOM25 / 1New9Total24
Townhouse
Avg/Median Rent$1,283 / $1,195Range$1,095 – $1,700Rent per Sq Ft$1 / $1Sq Ft984 / 988DOM27 / 1New2Total8
Rentals by Bedroom Count
1 Beds
Avg:$1,493Median:$1,516Range:$850 – $1,815PSF:$2 / $2Sq Ft:790 / 794DOM:254 / 314New:0Total:8
2 Beds
Avg:$1,371Median:$1,195Range:$1,095 – $1,950PSF:$1 / $1Sq Ft:1,039 / 988DOM:22 / 1New:3Total:10
3 Beds
Avg:$2,384Median:$2,230Range:$1,535 – $5,200PSF:$1 / $1Sq Ft:1,498 / 1,368DOM:11 / 1New:2Total:12
4 Beds
Avg:$2,424Median:$2,350Range:$1,995 – $2,895PSF:$1 / $1Sq Ft:1,713 / 1,608DOM:12 / 1New:5Total:9
6 Beds
Avg:$3,036Median:$3,036Range:$3,036 – $3,036PSF:$1 / $1Sq Ft:2,961 / 2,961DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,493 | $1,516 | $850 – $1,815 | $2 / $2 | 790 / 794 | 254 / 314 | 0 | 8 |
| 2 Beds | $1,371 | $1,195 | $1,095 – $1,950 | $1 / $1 | 1,039 / 988 | 22 / 1 | 3 | 10 |
| 3 Beds | $2,384 | $2,230 | $1,535 – $5,200 | $1 / $1 | 1,498 / 1,368 | 11 / 1 | 2 | 12 |
| 4 Beds | $2,424 | $2,350 | $1,995 – $2,895 | $1 / $1 | 1,713 / 1,608 | 12 / 1 | 5 | 9 |
| 6 Beds | $3,036 | $3,036 | $3,036 – $3,036 | $1 / $1 | 2,961 / 2,961 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$435,000Median DOM:19New:39Total:126
Nov 2025
Median Price:$429,000Median DOM:20New:38Total:127
Dec 2025
Median Price:$425,000Median DOM:40New:13Total:101
Jan 2026
Median Price:$429,000Median DOM:24New:40Total:98
Feb 2026
Median Price:$434,990Median DOM:10New:39Total:113
Mar 2026
Median Price:$434,990Median DOM:11New:9Total:113
6-Month Rental Trend
Oct 2025
Median Rent:$1,850Median DOM:1New:21Total:50
Nov 2025
Median Rent:$1,800Median DOM:1New:15Total:36
Dec 2025
Median Rent:$1,750Median DOM:1New:13Total:31
Jan 2026
Median Rent:$1,850Median DOM:1New:21Total:34
Feb 2026
Median Rent:$1,995Median DOM:1New:14Total:40
Mar 2026
Median Rent:$1,950Median DOM:1New:11Total:40
Key Market Takeaways
Median sale prices held steady this month while inventory remained stable. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, while total rental inventory was flat.
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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