Richmond Condos for Sale Under $500K
There are currently 206 condos for sale in Richmond priced Under $500K. The median asking price is $438,000, averaging $579/sqft. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates.
↓ Buyer's Market
206
Active Listings
14
Sold (30 days)
6.8%
Sales Ratio
Buyer's Market
$438K
Median Price
$579
Avg $/sqft
31
Avg Days
Market summary
The condos priced under $500k market in Richmond is currently a Buyer's Market with a 6.8% sales ratio — 14 homes sold against 206 active listings in the past 30 days. The median asking price is $438,000 ($579/sqft). Properties are selling slowly, averaging 31 days on the market.
For Sale
49 listings
Recently Sold
1 sold nearby
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| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| Under $300K | 31 | 3 | 10% | |
| $300K–$400K | 50 | 3 | 6% | |
| $400K–$500K | 125 | 7 | 6% | |
| $500K–$600K Most Active | 0 | 1 | 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 | 74 | 4 | 5% |
| Brighouse South | 41 | 4 | 10% |
| South Arm | 20 | 0 | 0% |
| Granville | 14 | 0 | 0% |
| Boyd Park | 11 | 0 | 0% |
| West Cambie | 10 | 1 | 10% |
| Riverdale RI | 8 | 0 | 0% |
| Ironwood | 7 | 0 | 0% |
| Hamilton RI | 5 | 0 | 0% |
| Broadmoor | 4 | 0 | 0% |
| Bridgeport RI | 3 | 0 | 0% |
| McLennan North | 2 | 4 | 200% |
| Steveston North | 2 | 0 | 0% |
| Woodwards | 1 | 0 | 0% |
| Quilchena RI | 1 | 0 | 0% |
| Saunders | 1 | 1 | 100% |
| East Cambie | 1 | 0 | 0% |
| East Richmond | 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 206 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 6.8% 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 $438,000. The average price per sqft is $579. 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 31 days on market before selling. Buyers have time to view multiple properties and negotiate.
Are there good condos priced under $500k in Richmond?
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Yes — there are currently 206 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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