Garden City, Richmond Townhouse Market Report – January 2024

In January 2024, the Garden City, Richmond townhouse real estate market is classified as a Buyer's Market with an absorption rate of 7.7%. 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.

3 townhouse properties sold in Garden City, Richmond during January 2024 based on MLS® records. There were 39 active listings at the start of the month. A total of 4 new listings came to market during the month.

The average townhouse sold price in Garden City, Richmond in January 2024 was $1,243,333. Sold prices ranged from $1,175,000 to $1,300,000. Data is sourced from MLS® board records.

In January 2024, townhouse properties in Garden City, Richmond averaged 45 days on the market before selling. With an absorption rate of 7.7%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Year-over-year comparison data is not available for Garden City, Richmond in January 2024. Browse the monthly archive to track price trends over multiple years for this area. Data is sourced from MLS® sold records.