RichmondHousing market

Richmond

Richmond Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

6

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

50

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

25 active

New

11(-8.33% YoY)

Relisted

1(0% YoY)

Compared to number of active, same period, in 2024: 7, in 2023: 10, in 2022: 2

Total Sold Listings*

4 sold

Median Sold Price

$669,995

Avg Days on Market

50 days

Median Bidding

-$3,000

Compared to number of sold, same period, in 2024: 6, in 2023: 7, in 2022: 5

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Richmond - All types

Sold vs Active vs New vs Relisted - Richmond - All types

Sold Price Distribution - Richmond - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Richmond - All types

Property type distribution based on data from the last 3 months.

Median Price - Richmond - All types

Just listed - Richmond

Home with brick exterior material, street for 10 Cockburn St #A, Richmond Ontario K0A 2Z0

10 hours on market

Up to4K Cashback

10 Cockburn St #A, Richmond

Semi-Detached341500-2000 sq ft

Listed by RE/MAX ABSOLUTE REALTY INC.

Unknown for 110 TALOS Circ, Richmond Ontario K0A 2Z0

16 days on market

Up to6K Cashback

110 TALOS Circ, Richmond

Detached4+142500-3000 sq ft

Listed by KELLER WILLIAMS INTEGRITY REALTY

Home with brick exterior material, street for 84 Royal York St, Richmond Ontario K0A 2Z0

28 days on market

$•••,•••

Up to4K Cashback

84 Royal York St, Richmond

Detached3+131500-2000 sq ft

Listed by INNOVATION REALTY LTD.

Home with vinyl exterior material, street for 6243 Perth St, Richmond Ontario K0A 2Z0

Sold cond. - Escape clause

$•••,•••

Up to4K Cashback

6243 Perth St, Richmond

Detached3+13< 700 sq ft

Listed by INNOVATION REALTY LTD.

Unknown for 6197 OTTAWA St, Richmond Ontario K0A 2Z0

34 days on market

Up to11K Cashback

6197 OTTAWA St, Richmond

Detached3+14- sq ft

Listed by COLDWELL BANKER FIRST OTTAWA REALTY

Unknown for 509 Pumpkin Patch Private N/A, Richmond Ontario K0A 2Z0

50 days on market

Up to2K Cashback

509 Pumpkin Patch Private N/A, Richmond

Condo2+121000-1199 sq ft

Listed by ROYAL LEPAGE TEAM REALTY

Unknown for 3698 Mcbean St, Richmond Ontario K0A 2Z0

Re-listed 69 days ago

$•••,•••

Up to4K Cashback

3698 Mcbean St, Richmond

Detached42- sq ft

Listed by PAUL RUSHFORTH REAL ESTATE INC.

Frontside or backside of a home, the street view for 1053 SHOWMAN St, Richmond Ontario K0A 2Z0

136 days on market

Up to5K Cashback

1053 SHOWMAN St, Richmond

Detached43- sq ft

Listed by EXP REALTY

Floor plan for 167 CRAIG DUNCAN Terr, Ottawa Ontario K2S 3C6

155 days on market

$•••,•••

Up to4K Cashback

167 CRAIG DUNCAN Terr, Ottawa

Townhouse33- sq ft

Listed by EXP REALTY

Floor plan for 175 CRAIG DUNCAN Terr, Ottawa Ontario K2S 3C4

155 days on market

$•••,•••

Up to3K Cashback

175 CRAIG DUNCAN Terr, Ottawa

Townhouse33- sq ft

Listed by EXP REALTY

Just sold - Richmond

Home with brick exterior material, street for 31 ORMSBY Dr, Richmond Ontario K0A 2Z0

Sold 7 days ago

Sold for $650,000

$10K below asking

31 ORMSBY Dr, Richmond

Detached321100-1500 sq ft

Listed by COLDWELL BANKER COBURN REALTY

Home with brick exterior material, street for 75 Rochelle Dr, Richmond Ontario K0A 2Z0

Sold 9 days ago

Sold for $1,175,000

$25K below asking

75 Rochelle Dr, Richmond

Detached3+232000-2500 sq ft

Listed by RIGHT AT HOME REALTY

A pic of a room for 16 Queenston Dr, Richmond Ontario K0A 2Z0

Sold 10 days ago

Sold for $756,000

$14K below asking

16 Queenston Dr, Richmond

Detached321500-2000 sq ft

Listed by KELLER WILLIAMS INTEGRITY REALTY

Unknown for 6233 PERTH St, Richmond Ontario K0A 2Z0

Sold 11 days ago

Sold for $665,000

$15K below asking

6233 PERTH St, Richmond

Detached321100-1500 sq ft

Listed by REAL BROKER ONTARIO LTD.

Home with brick exterior material, street for 13B King St, Richmond Ontario K0A 2Z0

Sold 21 days ago

Sold for $746,000

13B King St, Richmond

Semi-Detached431500-2000 sq ft

Listed by RE/MAX HALLMARK REALTY GROUP

Unknown for 2 Lundy's Lane, Richmond Ontario K0A 2Z0

Sold 24 days ago

Sold for $717,000

2 Lundy's Lane, Richmond

Detached3+122000-2500 sq ft

Listed by EXP REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 78 COLONEL MURRAY St, Richmond Ontario K0A 2Z0

Sold 28 days ago

Sold for $779,000

$6K below asking

78 COLONEL MURRAY St, Richmond

Detached32900-999 sq ft

Listed by LPT REALTY

Frontside or backside of a home, cottage for 131 SUCCESSION Crt, Stittsville Ontario K2S 2Z8

Sold 34 days ago

Sold for $649,990

131 SUCCESSION Crt, Stittsville

Townhouse33- sq ft

Listed by ROYAL LEPAGE TEAM REALTY ADAM MILLS

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 22 Ormsby Dr, Richmond Ontario K0A 2Z0

Sold 42 days ago

Sold for $620,000

$10K above asking

22 Ormsby Dr, Richmond

Detached32- sq ft

Listed by ROYAL LEPAGE TEAM REALTY

Home with brick exterior material, street for 26 Fortune St, Richmond Ontario K0A 2Z0

Sold 52 days ago

Sold for $690,000

$10K below asking

26 Fortune St, Richmond

Detached32- sq ft

Listed by RE/MAX HALLMARK REALTY GROUP

Population and Demographics

Overview

Total population 28027

Average household income $163,473

Age (%)

0 to 19

29%

35 to 49

24%

20 to 34

19%

50 to 64

17%

65 and plus

12%

Household composition (%)

Single family

80%

Single person

17%

Multi person

3%

Multi family

1%

Mother tongue (%)

English

76%

French

7%

Arabic

3%

Others

3%

Mandarin

2%

Russian

2%

English and French

2%

Urdu

1%

Spanish

1%

House tenancy (%)

Owners

84%

Renters

16%

Top 2 Schools in Richmond

St Philip Elementary School79 Maitland St, K0A 2Z0, Richmond, ON

7.8/10

Public•JK-6

South Carleton High School3673 McBean St, K0A 2Z0, Richmond, ON

7.6/10

Public•9-12

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

1/5

Other transportation modes are needed to reach day-to-day needs

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

1/5

Few or no cafés within walking distance

Groceries

1/5

No grocery stores within walking distance

Nightlife

0/5

Few or no bars within walking distance

Shopping

1/5

Few or no shops within walking distance

Restaurants

1/5

Few or no restaurants within walking distance