Richmond Townhouse Market Report – July 2021

In July 2021, the Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 14.2%. 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.

104 townhouse properties sold in Richmond during July 2021 based on MLS® records. There were 730 active listings at the start of the month. A total of 126 new listings came to market during the month.

The average townhouse sold price in Richmond in July 2021 was $958,968. Sold prices ranged from $518,500 to $1,600,000. Data is sourced from MLS® board records.

In July 2021, townhouse properties in Richmond averaged 29 days on the market before selling. With an absorption rate of 14.2%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Richmond in July 2021 was $958,968, up 10.8% year-over-year compared to July 2020 ($865,132). Sales volume was up 19.5% compared to the same month last year. Data is sourced from MLS® sold records.