ZIP 23294 Housing Market Report
Richmond Metro
Report period: March 2026
23294 Monthly Market Update – March 2026
ZIP 23294 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$375,000
+4.5%
Median DOM (Sales)
28
+3.7%
New Listings (Sales)
3
−70.0%
Median Rent
$2,145
0.0%
Median DOM (Rental)
6
+100.0%
Total Rental Listings
31
+19.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($440,000 median)
Sales Market Overview
Median Price
$375,000
+4.5%
Median DOM
28
+3.7%
New Listings
3
−70.0%
Inventory
31
−3.1%
- Average Price: $381,495
- Median Price: $375,000
- Price Range: $185,000 – $499,900
- Price per Sq Ft (Avg/Median): $223 / $226
- Square Footage (Avg/Median): 1,774 / 1,739
- Square Footage Range: 863 – 2,624
- Days on Market (Avg/Median): 49 / 28
- Days on Market Range: 3 – 222
- New Listings: 3
- Total Listings: 31
Sales by Property Type
Condo
Avg/Median Price$338,254 / $345,000Range$185,000 – $414,900Price per Sq Ft$203 / $218Sq Ft1,734 / 1,523DOM54 / 33New2Total13
Single Family
Avg/Median Price$392,944 / $416,000Range$300,000 – $440,000Price per Sq Ft$250 / $256Sq Ft1,677 / 1,614DOM30 / 7New1Total9
Townhouse
Avg/Median Price$432,505 / $479,000Range$319,900 – $499,900Price per Sq Ft$225 / $232Sq Ft1,929 / 2,088DOM61 / 30New0Total9
Sales by Bedroom Count
2 Beds
Avg:$320,317Median:$343,500Range:$185,000 – $425,000PSF:$237 / $226Sq Ft:1,350 / 1,523DOM:48 / 33New:2Total:9
3 Beds
Avg:$404,111Median:$399,000Range:$300,000 – $499,900PSF:$221 / $226Sq Ft:1,900 / 2,085DOM:56 / 22New:1Total:18
4 Beds
Avg:$409,833Median:$416,000Range:$375,000 – $438,500PSF:$181 / $167Sq Ft:2,292 / 2,260DOM:8 / 6New:0Total:3
5 Beds
Avg:$440,000Median:$440,000Range:$440,000 – $440,000PSF:$248 / $248Sq Ft:1,774 / 1,774DOM:73 / 73New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $320,317 | $343,500 | $185,000 – $425,000 | $237 / $226 | 1,350 / 1,523 | 48 / 33 | 2 | 9 |
| 3 Beds | $404,111 | $399,000 | $300,000 – $499,900 | $221 / $226 | 1,900 / 2,085 | 56 / 22 | 1 | 18 |
| 4 Beds | $409,833 | $416,000 | $375,000 – $438,500 | $181 / $167 | 2,292 / 2,260 | 8 / 6 | 0 | 3 |
| 5 Beds | $440,000 | $440,000 | $440,000 – $440,000 | $248 / $248 | 1,774 / 1,774 | 73 / 73 | 0 | 1 |
Rental Market Overview
Median Rent
$2,145
0.0%
Median DOM
6
+100.0%
New Listings
10
Inventory
31
+19.2%
- Average Rent: $2,011
- Median Rent: $2,145
- Rent Range: $1,025 – $2,900
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,367 / 1,262
- Square Footage Range: 590 – 2,518
- Days on Market (Avg/Median): 42 / 6
- Days on Market Range: 1 – 316
- New Listings: 10
- Total Listings: 31
Rentals by Property Type
Apartment
$1,408
Median DOM: 316
Inventory: 8
MoM: 0.0%
Condo
$1,650
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
$2,195
Median DOM: 6
Inventory: 12
MoM: 0.0%
Townhouse
$2,200
Median DOM: 2
Inventory: 9
MoM: 0.0%
Apartment
Avg/Median Rent$1,395 / $1,408Range$1,025 – $1,595Rent per Sq Ft$2 / $2Sq Ft795 / 754DOM214 / 316New1Total8
Condo
Avg/Median Rent$2,125 / $1,650Range$1,650 – $2,600Rent per Sq Ft$1 / $1Sq Ft1,594 / 1,040DOM5 / 1New1Total2
Single Family
Avg/Median Rent$2,252 / $2,195Range$1,600 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,484 / 1,388DOM25 / 6New6Total12
Townhouse
Avg/Median Rent$2,212 / $2,200Range$1,695 – $2,900Rent per Sq Ft$1 / $1Sq Ft1,682 / 1,624DOM7 / 2New2Total9
Rentals by Bedroom Count
1 Beds
Avg:$1,401Median:$1,408Range:$1,283 – $1,491PSF:$2 / $2Sq Ft:705 / 700DOM:9 / 9New:1Total:5
2 Beds
Avg:$1,624Median:$1,600Range:$1,025 – $2,150PSF:$2 / $2Sq Ft:1,048 / 1,040DOM:137 / 43New:1Total:7
3 Beds
Avg:$2,245Median:$2,195Range:$1,695 – $2,900PSF:$1 / $1Sq Ft:1,641 / 1,624DOM:11 / 2New:6Total:16
4 Beds
Avg:$2,683Median:$2,650Range:$2,600 – $2,800PSF:$1 / $1Sq Ft:1,845 / 1,794DOM:48 / 7New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,401 | $1,408 | $1,283 – $1,491 | $2 / $2 | 705 / 700 | 9 / 9 | 1 | 5 |
| 2 Beds | $1,624 | $1,600 | $1,025 – $2,150 | $2 / $2 | 1,048 / 1,040 | 137 / 43 | 1 | 7 |
| 3 Beds | $2,245 | $2,195 | $1,695 – $2,900 | $1 / $1 | 1,641 / 1,624 | 11 / 2 | 6 | 16 |
| 4 Beds | $2,683 | $2,650 | $2,600 – $2,800 | $1 / $1 | 1,845 / 1,794 | 48 / 7 | 2 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$380,000Median DOM:28New:10Total:38
Nov 2025
Median Price:$369,900Median DOM:45New:7Total:39
Dec 2025
Median Price:$369,900Median DOM:46New:7Total:34
Jan 2026
Median Price:$349,900Median DOM:46New:5Total:31
Feb 2026
Median Price:$359,000Median DOM:27New:10Total:32
Mar 2026
Median Price:$375,000Median DOM:28New:3Total:31
6-Month Rental Trend
Oct 2025
Median Rent:$1,950Median DOM:5New:12Total:31
Nov 2025
Median Rent:$1,950Median DOM:3New:12Total:32
Dec 2025
Median Rent:$1,895Median DOM:1New:12Total:31
Jan 2026
Median Rent:$1,895Median DOM:13New:6Total:28
Feb 2026
Median Rent:$2,145Median DOM:3New:10Total:26
Mar 2026
Median Rent:$2,145Median DOM:6New:10Total:31
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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