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 |
|---|---|---|---|
| September 2021 (this report) | 3 | $582,833 | 10d |
| August 2021 month prior | 2 +50% | $846,500 -31.1% | 22d -54.5% |
| September 2020 year ago | 3 +0% | $1,104,268 -47.2% | — |
In September 2021, the Ironwood, Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 13.6%. The market in Ironwood, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. 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.