ZIP 23236 Housing Market Report
Richmond Metro
Report period: March 2026
23236 Monthly Market Update – March 2026
ZIP 23236 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$415,000
+3.8%
Median DOM (Sales)
8
−46.7%
New Listings (Sales)
15
−55.9%
Median Rent
$2,300
−4.2%
Median DOM (Rental)
18
+50.0%
Total Rental Listings
21
+10.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Apartment (6 DOM)
- Strongest bedroom: 5 Beds ($504,999 median)
Sales Market Overview
Median Price
$415,000
+3.8%
Median DOM
8
−46.7%
New Listings
15
−55.9%
Inventory
101
0.0%
- Average Price: $442,793
- Median Price: $415,000
- Price Range: $259,000 – $899,000
- Price per Sq Ft (Avg/Median): $216 / $211
- Square Footage (Avg/Median): 2,130 / 1,948
- Square Footage Range: 1,050 – 5,063
- Days on Market (Avg/Median): 41 / 8
- Days on Market Range: 1 – 313
- New Listings: 15
- Total Listings: 101
Sales by Property Type
Condo
Avg/Median Price$445,980 / $440,000Range$384,950 – $510,000Price per Sq Ft$227 / $223Sq Ft1,969 / 1,948DOM30 / 13New1Total5
Land
Avg/Median Price$579,000 / $579,000Range$579,000 – $579,000Price per Sq Ft—Sq Ft—DOM154 / 154New0Total1
Single Family
Avg/Median Price$433,871 / $399,900Range$259,000 – $899,000Price per Sq Ft$209 / $209Sq Ft2,165 / 2,026DOM30 / 7New14Total88
Townhouse
Avg/Median Price$533,218 / $544,360Range$329,950 – $664,109Price per Sq Ft$294 / $302Sq Ft1,812 / 1,730DOM204 / 303New0Total7
Sales by Bedroom Count
2 Beds
Avg:$404,417Median:$384,950Range:$295,000 – $510,000PSF:$254 / $223Sq Ft:1,616 / 1,650DOM:56 / 72New:1Total:6
3 Beds
Avg:$403,318Median:$375,000Range:$280,000 – $695,000PSF:$231 / $225Sq Ft:1,771 / 1,703DOM:52 / 13New:5Total:51
4 Beds
Avg:$471,481Median:$449,900Range:$259,000 – $799,950PSF:$198 / $197Sq Ft:2,412 / 2,284DOM:15 / 6New:6Total:32
5 Beds
Avg:$550,904Median:$504,999Range:$380,000 – $899,000PSF:$172 / $173Sq Ft:3,256 / 2,797DOM:45 / 5New:3Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $404,417 | $384,950 | $295,000 – $510,000 | $254 / $223 | 1,616 / 1,650 | 56 / 72 | 1 | 6 |
| 3 Beds | $403,318 | $375,000 | $280,000 – $695,000 | $231 / $225 | 1,771 / 1,703 | 52 / 13 | 5 | 51 |
| 4 Beds | $471,481 | $449,900 | $259,000 – $799,950 | $198 / $197 | 2,412 / 2,284 | 15 / 6 | 6 | 32 |
| 5 Beds | $550,904 | $504,999 | $380,000 – $899,000 | $172 / $173 | 3,256 / 2,797 | 45 / 5 | 3 | 11 |
Rental Market Overview
Median Rent
$2,300
−4.2%
Median DOM
18
+50.0%
New Listings
3
Inventory
21
+10.5%
- Average Rent: $2,380
- Median Rent: $2,300
- Rent Range: $750 – $6,725
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,623 / 1,656
- Square Footage Range: 300 – 2,800
- Days on Market (Avg/Median): 63 / 18
- Days on Market Range: 1 – 302
- New Listings: 3
- Total Listings: 21
Rentals by Property Type
Apartment
$1,430
Median DOM: 6
Inventory: 6
MoM: −4.2%
Condo
—
Median DOM: —
Inventory: —
MoM: −4.2%
Single Family
$2,400
Median DOM: 23
Inventory: 14
MoM: −4.2%
Townhouse
$1,500
Median DOM: 71
Inventory: 1
MoM: −4.2%
Apartment
Avg/Median Rent$2,384 / $1,430Range$1,241 – $6,725Rent per Sq Ft$3 / $2Sq Ft699 / 655DOM82 / 6New1Total6
Single Family
Avg/Median Rent$2,442 / $2,400Range$750 – $3,295Rent per Sq Ft$1 / $1Sq Ft1,964 / 1,872DOM56 / 23New2Total14
Townhouse
Avg/Median Rent$1,500 / $1,500Range$1,500 – $1,500Rent per Sq Ft$1 / $1Sq Ft1,480 / 1,480DOM71 / 71New0Total1
Rentals by Bedroom Count
Studio
Avg:$2,068Median:$2,068Range:$2,068 – $2,068PSF:$7 / $7Sq Ft:300 / 300DOM:1 / 1New:0Total:1
1 Beds
Avg:$1,109Median:$1,241Range:$750 – $1,337PSF:$1 / $2Sq Ft:1,183 / 655DOM:89 / 6New:1Total:3
2 Beds
Avg:$1,465Median:$1,430Range:$1,430 – $1,500PSF:$2 / $2Sq Ft:943 / 936DOM:302 / 302New:0Total:2
3 Beds
Avg:$2,140Median:$2,300Range:$1,500 – $2,400PSF:$1 / $1Sq Ft:1,580 / 1,656DOM:49 / 35New:1Total:5
4 Beds
Avg:$2,654Median:$2,650Range:$2,095 – $3,295PSF:$1 / $1Sq Ft:2,120 / 2,090DOM:34 / 6New:1Total:8
5 Beds
Avg:$4,862Median:$3,000Range:$3,000 – $6,725PSF:$2 / $2Sq Ft:1,872 / 1,872DOM:79 / 18New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,068 | $2,068 | $2,068 – $2,068 | $7 / $7 | 300 / 300 | 1 / 1 | 0 | 1 |
| 1 Beds | $1,109 | $1,241 | $750 – $1,337 | $1 / $2 | 1,183 / 655 | 89 / 6 | 1 | 3 |
| 2 Beds | $1,465 | $1,430 | $1,430 – $1,500 | $2 / $2 | 943 / 936 | 302 / 302 | 0 | 2 |
| 3 Beds | $2,140 | $2,300 | $1,500 – $2,400 | $1 / $1 | 1,580 / 1,656 | 49 / 35 | 1 | 5 |
| 4 Beds | $2,654 | $2,650 | $2,095 – $3,295 | $1 / $1 | 2,120 / 2,090 | 34 / 6 | 1 | 8 |
| 5 Beds | $4,862 | $3,000 | $3,000 – $6,725 | $2 / $2 | 1,872 / 1,872 | 79 / 18 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$425,000Median DOM:25New:39Total:127
Nov 2025
Median Price:$415,000Median DOM:32New:30Total:126
Dec 2025
Median Price:$396,000Median DOM:40New:18Total:111
Jan 2026
Median Price:$396,000Median DOM:28New:33Total:101
Feb 2026
Median Price:$399,995Median DOM:15New:34Total:101
Mar 2026
Median Price:$415,000Median DOM:8New:15Total:101
6-Month Rental Trend
Oct 2025
Median Rent:$1,995Median DOM:3New:14Total:35
Nov 2025
Median Rent:$2,349Median DOM:9New:9Total:31
Dec 2025
Median Rent:$2,400Median DOM:44New:5Total:24
Jan 2026
Median Rent:$2,400Median DOM:71New:6Total:21
Feb 2026
Median Rent:$2,400Median DOM:12New:5Total:19
Mar 2026
Median Rent:$2,300Median DOM:18New:3Total:21
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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