Richmond Condos for Sale Under $500K
There are currently 213 condos for sale in Richmond priced Under $500K. The median asking price is $438,800, averaging $583/sqft. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates.
↓ Buyer's Market
213
Active Listings
9
Sold (30 days)
4.2%
Sales Ratio
Buyer's Market
$439K
Median Price
$583
Avg $/sqft
25
Avg Days
Market summary
The condos priced under $500k market in Richmond is currently a Buyer's Market with a 4.2% sales ratio — 9 homes sold against 213 active listings in the past 30 days. The median asking price is $438,800 ($583/sqft). Properties are selling within a month on average, averaging 25 days on the market.
For Sale
40 listings
Recently Sold
10 sold nearby
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| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| Under $300K Most Active | 31 | 3 | 10% | |
| $300K–$400K | 52 | 2 | 4% | |
| $400K–$500K | 130 | 4 | 3% |
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 | 75 | 3 | 4% |
| Brighouse South | 41 | 3 | 7% |
| South Arm | 20 | 1 | 5% |
| Granville | 14 | 0 | 0% |
| West Cambie | 12 | 0 | 0% |
| Boyd Park | 11 | 0 | 0% |
| Riverdale RI | 9 | 0 | 0% |
| Ironwood | 8 | 0 | 0% |
| Hamilton RI | 5 | 0 | 0% |
| Broadmoor | 4 | 0 | 0% |
| Bridgeport RI | 3 | 0 | 0% |
| Steveston North | 3 | 0 | 0% |
| McLennan North | 2 | 2 | 100% |
| East Richmond | 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 213 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 4.2% 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 $438,800. The average price per sqft is $583. 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 25 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 213 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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