Richmond Condos for Sale Under $500K
There are currently 199 condos for sale in Richmond priced Under $500K. The median asking price is $446,000, averaging $584/sqft. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates.
All
With Suite
With Basement
New Construction
1 Bed
2 Bed
3 Bed
4 Bed
5 Bed
Under $500K
Under $800K
Under $1M
$1M–$2M
Over $2M
$2M–$3M
Luxury ($3M+)
↔ Balanced Market
199
Active Listings
24
Sold (30 days)
12.1%
Sales Ratio
Balanced Market
$446K
Median List Price
$584
Avg $/sqft
26
Avg Days on Market
The condos priced under $500k market in Richmond is currently a Balanced Market with a 12.1% sales ratio — 24 homes sold against 199 active listings in the past 30 days. The median asking price is $446,000 ($584/sqft). Properties are selling within a month on average, averaging 26 days on the market.
Also Explore
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 | 29 | 4 | 14% | |
| $300K–$400K | 48 | 4 | 8% | |
| $400K–$500K | 122 | 13 | 11% | |
| $500K–$600K Most Active | 0 | 3 | 100% |
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 | 84 | 7 | 8% |
| Brighouse South | 44 | 3 | 7% |
| Granville | 17 | 0 | 0% |
| South Arm | 17 | 4 | 24% |
| West Cambie | 6 | 2 | 33% |
| Boyd Park | 5 | 0 | 0% |
| McLennan North | 4 | 1 | 25% |
| Ironwood | 4 | 3 | 75% |
| Hamilton RI | 3 | 1 | 33% |
| Riverdale RI | 3 | 1 | 33% |
| Saunders | 2 | 0 | 0% |
| Broadmoor | 2 | 0 | 0% |
| Bridgeport RI | 2 | 0 | 0% |
| Steveston North | 2 | 0 | 0% |
| East Cambie | 1 | 0 | 0% |
| Garden City | 1 | 0 | 0% |
| Steveston South | 1 | 2 | 200% |
| Woodwards | 1 | 0 | 0% |
Explore More in Richmond
Market Reports
Frequently Asked Questions — Richmond
How many condos priced under $500k are for sale in Richmond?
▼
There are currently 199 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?
▼
It is currently a Balanced Market. With a 12.1% sales ratio, supply and demand are roughly balanced — both buyers and sellers have reasonable negotiating positions. See the full Richmond Condos market report for monthly trends.
What is the median price of condos in Richmond?
▼
The median asking price for condos in Richmond is $446,000. 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?
▼
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?
▼
Yes — there are currently 199 condos priced under $500k available in Richmond. Use the filters above to narrow by bedrooms, bathrooms, or features like suites and basements.
Get Expert Help in Richmond
Our team has sold 300+ homes in this area. Get a free home valuation or buyer consultation.
Sign Up Free — See Sold Prices