Richmond Condos for Sale Under $500K
There are currently 225 condos for sale in Richmond priced Under $500K. The median asking price is $448,000, averaging $592/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+)
↓ Buyer's Market
225
Active Listings
8
Sold (30 days)
3.6%
Sales Ratio
Buyer's Market
$448K
Median List Price
$592
Avg $/sqft
20
Avg Days on Market
The condos priced under $500k market in Richmond is currently a Buyer's Market with a 3.6% sales ratio — 8 homes sold against 225 active listings in the past 30 days. The median asking price is $448,000 ($592/sqft). Properties are selling within a month on average, averaging 20 days on the market.
Also Explore
Richmond Condos With Suite Richmond Condos With Basement Richmond Condos New Construction 1 Bed Condos in Richmond 2 Bed Condos in Richmond 3 Bed Condos in Richmond 4 Bed Condos in Richmond 5 Bed Condos in RichmondMarket Activity by Price Range — Richmond
| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| Under $300K | 30 | 1 | 3% | |
| $300K–$400K | 55 | 1 | 2% | |
| $400K–$500K | 140 | 5 | 4% | |
| $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 | 89 | 3 | 3% |
| Brighouse South | 45 | 1 | 2% |
| South Arm | 20 | 1 | 5% |
| Granville | 16 | 0 | 0% |
| West Cambie | 9 | 1 | 11% |
| Boyd Park | 7 | 0 | 0% |
| Hamilton RI | 5 | 0 | 0% |
| Riverdale RI | 5 | 0 | 0% |
| McLennan North | 5 | 1 | 20% |
| Ironwood | 4 | 0 | 0% |
| Bridgeport RI | 4 | 0 | 0% |
| Steveston South | 3 | 1 | 33% |
| Broadmoor | 2 | 0 | 0% |
| Woodwards | 1 | 0 | 0% |
| Steveston North | 1 | 0 | 0% |
| Quilchena RI | 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 225 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 3.6% 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 $448,000. The average price per sqft is $592. 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 20 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 225 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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