Ironwood is a well-established and highly convenient neighbourhood in southwest Richmond, BC, centred around the Ironwood Plaza shopping centre on Steveston Highway and No. 5 Road. The area is predominantly a low-rise and townhouse community with a mix of older condos and detached single-family homes on quiet residential streets. Its central Richmond location provides easy access to Highway 99, the South Arm of the Fraser River, and the broader Richmond road network. Ironwood is particularly popular with families and first-time buyers who want proximity to shopping, restaurants, and services without paying premium prices for waterfront or Brighouse locations. Several schools and parks are within walking distance, and the neighbourhood benefits from Richmond's extensive cycling network. Ironwood represents solid value in the Richmond real estate market.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| March 2023 (this report) | 8 | $956,625 | 51d |
| February 2023 month prior | 7 +14.3% | $1,168,143 -18.1% | 26d +96.2% |
| March 2022 year ago | 24 -66.7% | $1,294,000 -26.1% | — |
In March 2023, the Ironwood, Richmond real estate market is classified as a Buyer's Market with an absorption rate of 3.1%. 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: 06/03/2026 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.