Richmond House Market Report – February 2023

Q: How many homes sold in Richmond in February 2023?

76 house properties sold in Richmond during February 2023 based on MLS® records. There were 3,113 active listings at the start of the month. A total of 120 new listings came to market during the month.

Q: What is the average home price in Richmond?

The average house sold price in Richmond in February 2023 was $2,345,407. Sold prices ranged from $1,130,000 to $5,330,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Richmond?

In February 2023, house properties in Richmond averaged 46 days on the market before selling. With an absorption rate of 2.4%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Richmond market changed compared to last year?

The average house sold price in Richmond in February 2023 was $2,345,407, up 2.8% year-over-year compared to February 2022 ($2,282,489). Sales volume was down 33.3% compared to the same month last year. Data is sourced from MLS® sold records.

Richmond is an active house market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Richmond based on MLS® data.

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Units Sold

$2,345,407

Avg Sold Price

46d

Avg Days on Market

Buyer's Market

Market Condition

3,113 active at start of month 120 new listings Absorption rate: 2.4% Highest sold: $5,330,000 Lowest sold: $1,130,000

How Does February 2023 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
February 2023 (this report)	76	$2,345,407	46d
January 2023 month prior	41 +85.4%	$2,000,239 +17.3%	35d +31.4%
February 2022 year ago	114 -33.3%	$2,282,489 +2.8%	—

3-Year Price Trend — Richmond House

The Richmond house real estate market was a Buyer's Market in February 2023, with 3,113 active listings at the start of the month, 76 properties sold, an average sold price of $2,345,407, properties averaging 46 days on market, an absorption rate of 2.4%. All data is sourced from MLS® sold records.

Recently Sold in Richmond

9399 Mccutcheon Place

Sold $1,950,000

4 bd • 5 ba • House

2200 Wellington Crescent

10571 Trepassey Drive

Active Listings in Richmond

2240 Douglas Crescent

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Richmond specialist

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Related: Richmond House Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Richmond February 2023

Is it a good time to buy in Richmond? −

In February 2023, the Richmond house real estate market is classified as a Buyer's Market with an absorption rate of 2.4%. 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.

How many homes sold in Richmond in February 2023? +

What is the average home price in Richmond? +

How long are homes sitting on the market in Richmond? +

How has the Richmond market changed compared to last year? +

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.