Mclennan North, Richmond Townhouse Market Report – March 2021

In March 2021, the Mclennan North, Richmond townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 25.7%. It is currently a strong seller's market in Mclennan North, Richmond, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

27 townhouse properties sold in Mclennan North, Richmond during March 2021 based on MLS® records. There were 105 active listings at the start of the month. A total of 33 new listings came to market during the month.

The average townhouse sold price in Mclennan North, Richmond in March 2021 was $963,030. Sold prices ranged from $651,000 to $1,300,000. Data is sourced from MLS® board records.

In March 2021, townhouse properties in Mclennan North, Richmond averaged 17 days on the market before selling. With an absorption rate of 25.7%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Mclennan North, Richmond in March 2021 was $963,030, up 23.5% year-over-year compared to March 2020 ($780,000). Sales volume was up 2600% compared to the same month last year. Data is sourced from MLS® sold records.