ZIP 23237 Housing Market Report
Richmond Metro
Report period: March 2026
23237 Monthly Market Update – March 2026
ZIP 23237 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$340,000
−2.6%
Median DOM (Sales)
19
−24.0%
New Listings (Sales)
8
−76.5%
Median Rent
$1,295
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
32
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Land (14 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($519,900 median)
Sales Market Overview
Median Price
$340,000
−2.6%
Median DOM
19
−24.0%
New Listings
8
−76.5%
Inventory
86
+3.6%
- Average Price: $353,823
- Median Price: $340,000
- Price Range: $16,000 – $639,900
- Price per Sq Ft (Avg/Median): $221 / $219
- Square Footage (Avg/Median): 1,763 / 1,664
- Square Footage Range: 1,008 – 4,050
- Days on Market (Avg/Median): 44 / 19
- Days on Market Range: 2 – 357
- New Listings: 8
- Total Listings: 86
Sales by Property Type
Land
Avg/Median Price$170,850 / $135,000Range$16,000 – $425,000Price per Sq Ft—Sq Ft—DOM80 / 14New0Total7
Single Family
Avg/Median Price$371,536 / $355,000Range$150,000 – $639,900Price per Sq Ft$221 / $219Sq Ft1,769 / 1,664DOM40 / 19New8Total77
Townhouse
Avg/Median Price$312,250 / $299,500Range$299,500 – $325,000Price per Sq Ft$207 / $181Sq Ft1,540 / 1,280DOM68 / 26New0Total2
Sales by Bedroom Count
2 Beds
Avg:$227,450Median:$215,000Range:$215,000 – $239,900PSF:$197 / $166Sq Ft:1,172 / 1,048DOM:5 / 2New:0Total:2
3 Beds
Avg:$360,165Median:$325,000Range:$228,300 – $639,900PSF:$235 / $224Sq Ft:1,594 / 1,471DOM:47 / 20New:5Total:46
4 Beds
Avg:$378,908Median:$379,000Range:$150,000 – $554,440PSF:$205 / $202Sq Ft:1,929 / 1,934DOM:38 / 23New:1Total:27
5 Beds
Avg:$494,950Median:$519,900Range:$335,000 – $599,900PSF:$177 / $171Sq Ft:2,916 / 3,036DOM:8 / 6New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $227,450 | $215,000 | $215,000 – $239,900 | $197 / $166 | 1,172 / 1,048 | 5 / 2 | 0 | 2 |
| 3 Beds | $360,165 | $325,000 | $228,300 – $639,900 | $235 / $224 | 1,594 / 1,471 | 47 / 20 | 5 | 46 |
| 4 Beds | $378,908 | $379,000 | $150,000 – $554,440 | $205 / $202 | 1,929 / 1,934 | 38 / 23 | 1 | 27 |
| 5 Beds | $494,950 | $519,900 | $335,000 – $599,900 | $177 / $171 | 2,916 / 3,036 | 8 / 6 | 2 | 4 |
Rental Market Overview
Median Rent
$1,295
0.0%
Median DOM
1
0.0%
New Listings
13
Inventory
32
0.0%
- Average Rent: $1,647
- Median Rent: $1,295
- Rent Range: $890 – $5,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,069 / 1,040
- Square Footage Range: 500 – 2,539
- Days on Market (Avg/Median): 49 / 1
- Days on Market Range: 1 – 285
- New Listings: 13
- Total Listings: 32
Rentals by Property Type
Apartment
$970
Median DOM: 280
Inventory: 7
MoM: 0.0%
Condo
$1,195
Median DOM: 1
Inventory: 10
MoM: 0.0%
Single Family
$2,000
Median DOM: 1
Inventory: 15
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,036 / $970Range$890 – $1,330Rent per Sq Ft$2 / $2Sq Ft632 / 575DOM230 / 280New0Total7
Condo
Avg/Median Rent$1,165 / $1,195Range$995 – $1,295Rent per Sq Ft$2 / $2Sq Ft608 / 689DOM1 / 1New8Total10
Single Family
Avg/Median Rent$2,253 / $2,000Range$1,600 – $5,200Rent per Sq Ft$1 / $1Sq Ft1,487 / 1,352DOM18 / 1New5Total15
Rentals by Bedroom Count
1 Beds
Avg:$1,114Median:$995Range:$890 – $1,330PSF:$2 / $2Sq Ft:598 / 575DOM:48 / 1New:8Total:15
2 Beds
Avg:$1,265Median:$1,195Range:$1,000 – $1,600PSF:$1 / $1Sq Ft:959 / 870DOM:181 / 263New:1Total:3
3 Beds
Avg:$2,126Median:$1,995Range:$1,790 – $2,900PSF:$1 / $1Sq Ft:1,512 / 1,352DOM:29 / 1New:2Total:8
4 Beds
Avg:$2,532Median:$2,000Range:$1,895 – $5,200PSF:$1 / $1Sq Ft:1,535 / 1,732DOM:3 / 1New:2Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,114 | $995 | $890 – $1,330 | $2 / $2 | 598 / 575 | 48 / 1 | 8 | 15 |
| 2 Beds | $1,265 | $1,195 | $1,000 – $1,600 | $1 / $1 | 959 / 870 | 181 / 263 | 1 | 3 |
| 3 Beds | $2,126 | $1,995 | $1,790 – $2,900 | $1 / $1 | 1,512 / 1,352 | 29 / 1 | 2 | 8 |
| 4 Beds | $2,532 | $2,000 | $1,895 – $5,200 | $1 / $1 | 1,535 / 1,732 | 3 / 1 | 2 | 6 |
6-Month Sales Trend
Oct 2025
Median Price:$345,000Median DOM:29New:32Total:106
Nov 2025
Median Price:$339,950Median DOM:33New:22Total:100
Dec 2025
Median Price:$349,950Median DOM:36New:15Total:88
Jan 2026
Median Price:$349,950Median DOM:37New:16Total:68
Feb 2026
Median Price:$349,000Median DOM:25New:34Total:83
Mar 2026
Median Price:$340,000Median DOM:19New:8Total:86
6-Month Rental Trend
Oct 2025
Median Rent:$1,500Median DOM:1New:17Total:42
Nov 2025
Median Rent:$1,195Median DOM:1New:11Total:38
Dec 2025
Median Rent:$1,195Median DOM:1New:12Total:30
Jan 2026
Median Rent:$1,595Median DOM:1New:12Total:31
Feb 2026
Median Rent:$1,295Median DOM:1New:18Total:32
Mar 2026
Median Rent:$1,295Median DOM:1New:13Total:32
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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