Richmond Condo Market Report – July 2025

In July 2025, the Richmond condo real estate market is classified as a Buyer's Market with an absorption rate of 1.7%. 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.

135 condo properties sold in Richmond during July 2025 based on MLS® records. There were 7,779 active listings at the start of the month. A total of 305 new listings came to market during the month.

The average condo sold price in Richmond in July 2025 was $682,629. Sold prices ranged from $293,000 to $1,323,000. Data is sourced from MLS® board records.

In July 2025, condo properties in Richmond averaged 42 days on the market before selling. With an absorption rate of 1.7%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average condo sold price in Richmond in July 2025 was $682,629, down 2.5% year-over-year compared to July 2024 ($700,417). Sales volume was up 8.9% compared to the same month last year. Data is sourced from MLS® sold records.