RichmondPE

Buyer's Market

Market Data & Trends

Latest data: March 2026

Market Overview

Median Price

$300K

1-Year Price Change

Active Listings

Median Days on Market

Market Trend

SNLR

35.1%

Market Summary

The median home price in Richmond is $300K. There are currently 5 active listings on the market. With 7.3 months of inventory, the market is buyer's market. Properties spend a median of 30 days on market before selling.

Buyer's Market

With 7.3 months of inventory, buyers have more options and leverage in negotiations. Sellers may need to price competitively and offer incentives. Properties take longer to sell, and price reductions are common.

Months of Inventory

7.3

SNLR

35.1%

Richmond is covered by the Greater Vancouver REALTORS. View the full board-level report including regional narrative and benchmarks.

View Greater Vancouver REALTORS Report

Period Comparison

Metric	March 2026	February 2026	MoM
Composite Benchmark	$1.1M	$1.1M	+0.4%
Total Sales	2,032	1,648	+23.3%
New Listings	5,792	4,734	+22.3%
Active Listings	14,774	13,545	+9.1%
Months of Inventory	7.3	8.2	-11.0%
SNLR	35.1%	34.8%	+0.9%

Benchmark Prices by Property Type

March 2026

Detached

$1.9M

Attached / Townhouse

$1.0M

Apartment / Condo

$707K

Price Trends — Richmond

Includes MLS benchmark price

Min: $1.1MAvg: $1.1MMax: $1.1M

Listing MedianMLS Benchmark

Based on 3 data points. More detail available with monthly snapshots.

Monthly Sales Volume

Source: Greater Vancouver REALTORS

Min: $1KAvg: $2KMax: $2K

Based on 3 data points. More detail available with monthly snapshots.

Months of Inventory

Months of supply based on current sales pace

Min: $7Avg: $9Max: $11

Based on 3 data points. More detail available with monthly snapshots.

Current Price Distribution

Under $300K

1226%

$300K-$500K

21110%

$500K-$750K

41319%

$750K-$1M

35616%

$1M-$1.5M

41719%

Over $1.5M

64330%

Resources

Market ReportFull monthly market report for Richmond Cost of LivingHousing costs & expenses in Richmond Homes for Sale in RichmondBrowse 5 active listings Mortgage CalculatorEstimate monthly payments Affordability CalculatorFind out what you can afford Data HubExplore all cities & market data

Market data is sourced from MLS board statistics and active listings. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.