Richmond Real Estate Market Update – May 2024

Buyer's Market Absorption rate: 2.4%

← April 2024 Next month →

276

Units Sold

▼ 11% vs prev month

$1,255,438

Avg Sold Price

▲ 3.3% vs prev month

23d

Avg Days on Market

Buyer's Market

Market Condition

11,673 active listings at start of month 588 new listings Absorption: 2.4% Highest: $4,580,000 Lowest: $240,800

How Does May 2024 Compare?

Period	Units Sold	Avg Price	Avg DOM
May 2024	276	$1,255,438	23
April 2024	310 ▼ 11%	$1,215,848 ▲ 3.3%	24
May 2023 (YoY)	372 ▼ 25.8%	$1,244,827 ▲ 0.9%	—

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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