Richmond Townhouse Market Report – January 2021

In January 2021, the Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 16.2%. The market in Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

88 townhouse properties sold in Richmond during January 2021 based on MLS® records. There were 542 active listings at the start of the month. A total of 129 new listings came to market during the month.

The average townhouse sold price in Richmond in January 2021 was $922,589. Sold prices ranged from $430,000 to $1,330,000. Data is sourced from MLS® board records.

In January 2021, townhouse properties in Richmond averaged 40 days on the market before selling. With an absorption rate of 16.2%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Richmond in January 2021 was $922,589, up 7.3% year-over-year compared to January 2020 ($860,000). Sales volume was up 8700% compared to the same month last year. Data is sourced from MLS® sold records.