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 |
|---|---|---|---|
| August 2020 (this report) | 5 | $786,731 | 25d |
| July 2020 month prior | 7 -28.6% | $936,850 -16% | 24d +4.2% |
In August 2020, the Ironwood, Richmond townhouse real estate market is classified as a Seller's Market with an absorption rate of 35.7%. It is currently a seller's market in Ironwood, Richmond. While demand is elevated, qualified buyers can still find opportunities. 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.