Balanced Market · avg townhouse price $1,036,786 · 7 sold (30d) · 48 days on market
The McLennan North, Richmond townhouse market is balanced, giving both buyers and sellers reasonable negotiating power. In the past 30 days, 7 townhouses sold across McLennan North, Richmond at an average sold price of $1,036,786. Townhouses are selling in an average of 48 days on the market. The absorption rate is 15.6% — meaning 15.6% of active townhouse inventory sells each month. Average townhouse prices in McLennan North, Richmond are down 10.5% compared to the 90-day average of $1,158,762.
12-month average townhouse sold price
| Month | Sold | Avg price | $/sqft | Avg DOM |
|---|---|---|---|---|
| October | 14 | $1,109,821 | $740 | 34 days |
| September | 6 | $1,192,967 | $839 | 72 days |
| August | 9 | $1,157,389 | $780 | 50 days |
| July | 12 | $1,101,407 | $741 | 63 days |
| June | 12 | $1,012,125 | $712 | 22 days |
| May | 9 | $1,214,667 | $801 | 23 days |
| April | 7 | $1,204,686 | $810 | 59 days |
| March | 13 | $1,154,000 | $775 | 32 days |
| February | 6 | $1,081,500 | $786 | 84 days |
| January | 6 | $1,119,500 | $766 | 73 days |
| December | 5 | $1,188,400 | $807 | 35 days |
Monthly MLS® sold townhouses over the last 12 months. Months with no recorded sales are omitted; a single sale can swing a month's average in lower-volume areas.
McLennan North is a Balanced Market for townhouses (absorption rate: 15.6%, 7 sold vs 45 active listings in the last 30 days).