Richmond Condos for Sale Under $500K
There are currently 218 condos for sale in Richmond priced Under $500K. The median asking price is $438,950, averaging $584/sqft. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates.
Market summary
The condos priced under $500k market in Richmond is currently a Buyer's Market with a 5% sales ratio — 11 homes sold against 218 active listings in the past 30 days. The median asking price is $438,950 ($584/sqft). Properties are selling within a month on average, averaging 26 days on the market.
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↓ Buyer's Market
218
Active Listings
11
Sold (30 days)
5%
Sales Ratio
Buyer's Market
$439K
Median Price
$584
Avg $/sqft
26
Avg Days
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Richmond Apartment With Suite Richmond Apartment With Basement Richmond Apartment New Construction 1 Bed Apartment in Richmond 2 Bed Apartment in Richmond 3 Bed Apartment in Richmond 4 Bed Apartment in Richmond 5 Bed Apartment in RichmondMarket Activity by Price Range — Richmond
| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| Under $300K | 33 | 1 | 3% | |
| $300K–$400K | 50 | 1 | 2% | |
| $400K–$500K Most Active | 135 | 9 | 7% |
Sales ratio = homes sold in last 30 days ÷ active inventory. Over 20% = Seller's Market.
Market Activity by Neighbourhood — Richmond
| Neighbourhood | Active | Sold (30d) | Sales Ratio |
|---|---|---|---|
| Brighouse | 86 | 7 | 8% |
| Brighouse South | 45 | 0 | 0% |
| South Arm | 19 | 0 | 0% |
| Granville | 15 | 1 | 7% |
| Boyd Park | 9 | 0 | 0% |
| McLennan North | 9 | 1 | 11% |
| West Cambie | 8 | 1 | 13% |
| Riverdale RI | 5 | 0 | 0% |
| Bridgeport RI | 4 | 0 | 0% |
| Ironwood | 4 | 0 | 0% |
| Hamilton RI | 3 | 1 | 33% |
| Broadmoor | 2 | 0 | 0% |
| Steveston South | 2 | 0 | 0% |
| Woodwards | 1 | 0 | 0% |
| Quilchena RI | 1 | 0 | 0% |
| Saunders | 1 | 0 | 0% |
| East Cambie | 1 | 0 | 0% |
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Market Reports
Frequently Asked Questions — Richmond
How many condos priced under $500k are for sale in Richmond?
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There are currently 218 condos priced under $500k listed for sale in Richmond. Listings are updated daily from the MLS® database.
Is it a buyer's or seller's market for condos in Richmond?
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It is currently a Buyer's Market. With a 5% sales ratio, there are more condos available than buyers are purchasing, giving buyers more time and negotiating power. See the full Richmond Condos market report for monthly trends.
What is the median price of condos in Richmond?
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The median asking price for condos in Richmond is $438,950. The average price per sqft is $584. See the full Richmond Condos market report for monthly trends.
How long do condos take to sell in Richmond?
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Condos in Richmond are averaging 26 days on market before selling. Buyers have a few weeks to view comparables before making an offer.
Are there good condos priced under $500k in Richmond?
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Yes — there are currently 218 condos priced under $500k available in Richmond. Use the filters above to narrow by bedrooms, bathrooms, or features like suites and basements.
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