Richmond Condo Market Report – February 2021

Q: How many homes sold in Richmond in February 2021?

233 condo properties sold in Richmond during February 2021 based on MLS® records. There were 1,587 active listings at the start of the month. A total of 268 new listings came to market during the month.

Q: What is the average home price in Richmond?

The average condo sold price in Richmond in February 2021 was $610,542. Sold prices ranged from $300,000 to $3,300,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Richmond?

In February 2021, condo properties in Richmond averaged 39 days on the market before selling. With an absorption rate of 14.7%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

Q: How has the Richmond market changed compared to last year?

Year-over-year comparison data is not available for Richmond in February 2021. Browse the monthly archive to track price trends over multiple years for this area. Data is sourced from MLS® sold records.

Richmond is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Richmond based on MLS® data.

← January 2021 Next month →

233

Units Sold

$610,542

Avg Sold Price

39d

Avg Days on Market

Balanced Market

Market Condition

1,587 active at start of month 268 new listings Absorption rate: 14.7% Highest sold: $3,300,000 Lowest sold: $300,000

How Does February 2021 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
February 2021 (this report)	233	$610,542	39d
January 2021 month prior	180 +29.4%	$600,343 +1.7%	44d -11.4%

3-Year Price Trend — Richmond Condo

The Richmond condo real estate market was a Balanced Market in February 2021, with 1,587 active listings at the start of the month, 233 properties sold, an average sold price of $610,542, properties averaging 39 days on market, an absorption rate of 14.7%. All data is sourced from MLS® sold records.

Recently Sold in Richmond

9233 Odlin Road

Sold $780,000

2 bd • 2 ba • Apartment

5233 Gilbert Road

Sold $590,000

2 bd • 2 ba • Apartment

6080 Minoru Boulevard

Sold $765,000

2 bd • 2 ba • Apartment

8628 Hazelbridge Way

Sold $526,000

1 bd • 1 ba • Apartment

3331 Brown Road

Sold $748,800

2 bd • 2 ba • Apartment

9151 No. 5 Road

Sold $440,000

2 bd • 2 ba • Apartment

Active Listings in Richmond

7831 Westminster Highway

$558,000

2 bd • 1 ba • Apartment

6320 No. 3 Road

$999,000

3 bd • 2 ba • Apartment

8133 Cook Road

$520,000

2 bd • 1 ba • Apartment

7555 Alderbridge Way

$999,000

3 bd • 3 ba • Apartment

3333 Brown Road

$1,888,000

3 bd • 3 ba • Apartment

8700 Westminster Highway

$349,900

1 bd • 1 ba • Apartment

Top Buildings in Richmond

CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Richmond specialist

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Related: Richmond Condo Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Richmond February 2021

Is it a good time to buy in Richmond? −

In February 2021, the Richmond condo real estate market is classified as a Balanced Market with an absorption rate of 14.7%. The market in Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in Richmond in February 2021? +

What is the average home price in Richmond? +

How long are homes sitting on the market in Richmond? +

How has the Richmond market changed compared to last year? +

Last Update: 06/03/2026 Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.