Richmond Condo Market Report – February 2023

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 2023 Next month →
144
Units Sold
$723,201
Avg Sold Price
40d
Avg Days on Market
Buyer's Market
Market Condition
3,690 active at start of month 245 new listings Absorption rate: 3.9% Highest sold: $3,775,000 Lowest sold: $274,800

How Does February 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
February 2023 (this report) 144 $723,201 40d
January 2023 month prior 96 +50% $673,232 +7.4% 46d -13%
February 2022 year ago 231 -37.7% $715,367 +1.1% —

3-Year Price Trend — Richmond Condo

The Richmond condo real estate market was a Buyer's Market in February 2023, with 3,690 active listings at the start of the month, 144 properties sold, an average sold price of $723,201, properties averaging 40 days on market, an absorption rate of 3.9%. 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
Hani Faraj – RE/MAX Crest Realty
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 2023

In February 2023, the Richmond condo real estate market is classified as a Buyer's Market with an absorption rate of 3.9%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

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.

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