Richmond Real Estate Market Update – March 2024

Buyer's Market Absorption rate: 2.8%
← February 2024 Next month →
308
Units Sold
▲ 23.2% vs prev month
$1,218,609
Avg Sold Price
▼ 8.4% vs prev month
27d
Avg Days on Market
Buyer's Market
Market Condition
10,948 active listings at start of month 560 new listings Absorption: 2.8% Highest: $4,047,619 Lowest: $201,000

How Does March 2024 Compare?

Period Units Sold Avg Price Avg DOM
March 2024 308 $1,218,609 27
February 2024 250
▲ 23.2%		 $1,329,855
▼ 8.4%		 41
March 2023 (YoY) 340
▼ 9.4%		 $1,162,899
▲ 4.8%		 —
More Richmond market intel: New Listings This Week → Price Reductions → Sold Over Asking → All Updates →
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Last Update: 06/03/2026   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.

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