Hamilton RI, Richmond Market Report – May 2024

Hamilton is a developing neighbourhood in the far east end of Richmond, BC, adjacent to the Alex Fraser Bridge and the South Arm of the Fraser River. The area has seen significant new residential construction in recent years, including townhouses, duplexes, and single-family homes designed to appeal to younger families and first-time buyers priced out of central Richmond. Hamilton's location near the Alex Fraser Bridge provides efficient access to Delta, Surrey, Langley, and Highway 99, making it attractive for commuters. The neighbourhood is still growing its commercial and community amenity base, with parks, schools, and retail expanding alongside the new residential developments. Hamilton offers newer construction and relatively accessible entry points into the Richmond real estate market.

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7
Units Sold
$1,050,414
Avg Sold Price
50d
Avg Days on Market
Buyer's Market
Market Condition
379 active at start of month 14 new listings Absorption rate: 1.8% Highest sold: $1,462,000 Lowest sold: $867,000

How Does May 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2024 (this report) 7 $1,050,414 50d
April 2024 month prior 7 +0% $1,192,857 -11.9% 39d +28.2%
May 2023 year ago 12 -41.7% $1,074,241 -2.2%

3-Year Price Trend — Hamilton RI, Richmond

The Hamilton RI, Richmond real estate market was a Buyer's Market in May 2024, with 379 active listings at the start of the month, 7 properties sold, an average sold price of $1,050,414, properties averaging 50 days on market, an absorption rate of 1.8%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Hamilton RI, Richmond specialist
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Frequently Asked Questions — Hamilton RI, Richmond May 2024

In May 2024, the Hamilton RI, Richmond real estate market is classified as a Buyer's Market with an absorption rate of 1.8%. 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: 06/04/2026   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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