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 |
|---|---|---|---|
| May 2021 (this report) | 237 | $610,691 | 22d |
| April 2021 month prior | 277 -14.4% | $655,105 -6.8% | 27d -18.5% |
| May 2020 year ago | 41 +478% | $538,741 +13.4% | — |
In May 2021, the Richmond condo real estate market is classified as a Balanced Market with an absorption rate of 12.6%. 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.
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.
