Riverdale RI, Richmond Condo Market Report – May 2022

Riverdale is a tranquil and well-established residential neighbourhood in east Richmond, BC, bordering the South Arm of the Fraser River and adjacent to Hamilton. The community features primarily detached single-family homes and some townhouses on quiet streets with mature tree canopy. The Fraser River dyke trail along the southern edge of the neighbourhood provides scenic walking and cycling routes with river views. Westminster Highway and No. 6 Road connect Riverdale to the broader Richmond and Delta road networks. The neighbourhood's peaceful character, river access, and solid family-oriented housing stock make it a dependable and comfortable residential choice for buyers seeking established Richmond real estate.

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5
Units Sold
$502,500
Avg Sold Price
6d
Avg Days on Market
Buyer's Market
Market Condition
43 active at start of month 8 new listings Absorption rate: 11.6% Highest sold: $730,000 Lowest sold: $355,000

How Does May 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2022 (this report) 5 $502,500 6d
April 2022 month prior 9 -44.4% $663,111 -24.2% 8d -25%
May 2021 year ago 10 -50% $543,139 -7.5%

3-Year Price Trend — Riverdale RI, Richmond Condo

The Riverdale RI, Richmond condo real estate market was a Buyer's Market in May 2022, with 43 active listings at the start of the month, 5 properties sold, an average sold price of $502,500, properties averaging 6 days on market, an absorption rate of 11.6%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Riverdale RI, Richmond specialist
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Frequently Asked Questions — Riverdale RI, Richmond May 2022

In May 2022, the Riverdale RI, Richmond condo real estate market is classified as a Buyer's Market with an absorption rate of 11.6%. 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.

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