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.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| July 2024 (this report) | 124 | $700,417 | 28d |
| June 2024 month prior | 143 -13.3% | $765,808 -8.5% | 34d -17.6% |
| July 2023 year ago | 166 -25.3% | $719,225 -2.6% | — |
In July 2024, the Richmond condo real estate market is classified as a Buyer's Market with an absorption rate of 2.2%. 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.
