Richmond Townhouse Market Report – September 2021

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

101 townhouse properties sold in Richmond during September 2021 based on MLS® records. There were 764 active listings at the start of the month. A total of 106 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 September 2021 was $1,016,969. Sold prices ranged from $393,500 to $1,588,000. Data is sourced from MLS® board records.

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

In September 2021, townhouse properties in Richmond averaged 27 days on the market before selling. With an absorption rate of 13.2%, 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 September 2021 was $1,016,969, up 16.2% year-over-year compared to September 2020 ($875,128). Sales volume was up 8.6% 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.

← August 2021 Next month →

101

Units Sold

$1,016,969

Avg Sold Price

27d

Avg Days on Market

Balanced Market

Market Condition

764 active at start of month 106 new listings Absorption rate: 13.2% Highest sold: $1,588,000 Lowest sold: $393,500

How Does September 2021 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
September 2021 (this report)	101	$1,016,969	27d
August 2021 month prior	91 +11%	$954,195 +6.6%	32d -15.6%
September 2020 year ago	93 +8.6%	$875,128 +16.2%	—

3-Year Price Trend — Richmond Townhouse

The Richmond townhouse real estate market was a Balanced Market in September 2021, with 764 active listings at the start of the month, 101 properties sold, an average sold price of $1,016,969, properties averaging 27 days on market, an absorption rate of 13.2%. 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 September 2021

Is it a good time to buy in Richmond? −

In September 2021, the Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 13.2%. 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.

How many homes sold in Richmond in September 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.