Richmond Townhouse Market Report – March 2021

In March 2021, the Richmond townhouse real estate market is classified as a Seller's Market with an absorption rate of 31.7%. It is currently a seller's market in Richmond. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

184 townhouse properties sold in Richmond during March 2021 based on MLS® records. There were 581 active listings at the start of the month. A total of 213 new listings came to market during the month.

The average townhouse sold price in Richmond in March 2021 was $953,676. Sold prices ranged from $504,000 to $1,640,000. Data is sourced from MLS® board records.

In March 2021, townhouse properties in Richmond averaged 25 days on the market before selling. With an absorption rate of 31.7%, the market is currently a Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Richmond in March 2021 was $953,676, up 14.3% year-over-year compared to March 2020 ($834,000). Sales volume was up 9100% compared to the same month last year. Data is sourced from MLS® sold records.