Richmond Townhouse Market Report – October 2021

Q: How many homes sold in Richmond in October 2021?

110 townhouse properties sold in Richmond during October 2021 based on MLS® records. There were 769 active listings at the start of the month. A total of 119 new listings came to market during the month.

Q: What is the average home price in Richmond?

The average townhouse sold price in Richmond in October 2021 was $1,039,264. Sold prices ranged from $490,000 to $2,378,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Richmond?

In October 2021, townhouse properties in Richmond averaged 29 days on the market before selling. With an absorption rate of 14.3%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

Q: How has the Richmond market changed compared to last year?

The average townhouse sold price in Richmond in October 2021 was $1,039,264, up 18.2% year-over-year compared to October 2020 ($879,603). Sales volume was up 18.3% compared to the same month last year. Data is sourced from MLS® sold records.

Richmond is an active townhouse market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Richmond based on MLS® data.

← September 2021 Next month →

110

Units Sold

$1,039,264

Avg Sold Price

29d

Avg Days on Market

Balanced Market

Market Condition

769 active at start of month 119 new listings Absorption rate: 14.3% Highest sold: $2,378,000 Lowest sold: $490,000

How Does October 2021 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
October 2021 (this report)	110	$1,039,264	29d
September 2021 month prior	101 +8.9%	$1,016,969 +2.2%	27d +7.4%
October 2020 year ago	93 +18.3%	$879,603 +18.2%	—

3-Year Price Trend — Richmond Townhouse

The Richmond townhouse real estate market was a Balanced Market in October 2021, with 769 active listings at the start of the month, 110 properties sold, an average sold price of $1,039,264, properties averaging 29 days on market, an absorption rate of 14.3%. All data is sourced from MLS® sold records.

Recently Sold in Richmond

3888 Moresby Drive

Sold $1,409,900

3 bd • 3 ba • Townhouse

10311 River Drive

Sold $950,000

3 bd • 3 ba • Townhouse

22888 Windsor Court

Sold $760,000

4 bd • 3 ba • Townhouse

5311 Lackner Crescent

Sold $1,104,000

3 bd • 3 ba • Townhouse

3888 Moresby Drive

Sold $1,249,900

3 bd • 3 ba • Townhouse

4800 Trimaran Drive

Sold $960,000

3 bd • 2 ba • Townhouse

Active Listings in Richmond

11536 Kingcome Avenue

$548,000

2 bd • 1 ba • Townhouse

7028 Ash Street

$1,199,000

3 bd • 3 ba • Townhouse

8500 Bennett Road

$953,000

2 bd • 5 ba • Townhouse

4200 Coldfall Road

$1,288,000

4 bd • 3 ba • Townhouse

11291 7th Avenue

$1,499,000

4 bd • 4 ba • Townhouse

7288 Heather Street

$1,328,000

4 bd • 4 ba • Townhouse

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Richmond specialist

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Related: Richmond Townhouse Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Richmond October 2021

Is it a good time to buy in Richmond? −

In October 2021, the Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 14.3%. 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.

How many homes sold in Richmond in October 2021? +

What is the average home price in Richmond? +

How long are homes sitting on the market in Richmond? +

How has the Richmond market changed compared to last year? +

Last Update: 06/06/2026 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.