Oakwyn Realty Ltd.

Richmond Market Trends

MLS® Home Price Index benchmark prices — Greater Vancouver

Strong Buyer's MarketJuly 2026
Benchmark price
$1,026,200
7.9% YoY
Sales (Jul 2026)
227
Avg Days on Market
45
Price History
37 months

Richmond at a glance

The benchmark price of a home in Richmond was $1,026,200 in July 2026, down 7.9% from a year earlier. Since July 2023 the benchmark price has fallen 13.1% ($1,180,400 → $1,026,200), with the period high of $1,190,500 in May 2024. Greater Vancouver REALTORS reported 227 sales in Richmond in July 2026, with a 41.0% sales-to-new-listings ratio and 8.9 months of inventory.

Benchmark price trend

Benchmark price, Aug 2023 – Jul 2026. Hover a month for the exact value.

$1.00M$1.05M$1.10M$1.15M$1.20MAug ’23Feb ’25Jul ’26$1.03M

Benchmark price levels by property type

Property typeJul 2026Jul 20251-yr change
Composite (all types)$1,026,200$1,114,000-7.9%
Detached$1,911,700$2,093,000-8.7%
Townhouse / attached$1,035,200$1,100,200-5.9%
Apartment / condo$639,700$707,700-9.6%
Detached
$1.91M
-8.7% 1yr
Townhouse / attached
$1.04M
-5.9% 1yr
Apartment / condo
$640K
-9.6% 1yr

Monthly sales

Residential sales reported by Greater Vancouver REALTORS, Jul 2025 – Jul 2026.

0100200300Jul ’25Jan ’26Jul ’26227

Richmond neighbourhoods

Benchmark price and 1-year change, Jul 2026.

Boyd Park$1.03M-4.3%Bridgeport$977K-6.3%Brighouse$684K-10.8%Brighouse South$670K-5.4%Broadmoor$1.70M-6.8%East Cambie$1.10M-10.5%East Richmond$1.72M-3.8%Garden City$1.48M-9.2%Granville$1.62M-3.9%Hamilton$908K-9.9%Ironwood$973K-11.2%Lackner$1.88M-5.8%Mclennan$2.09M-9.1%Mclennan North$954K-5.9%Mcnair$1.63M-11.9%Quilchena$1.77M-12.4%Riverdale$1.40M-0.8%Saunders$1.56M-11.8%Sea Island$1.64M-11.9%Seafair$2.14M-4.0%South Arm$990K-5.4%Steveston North$1.26M-11.5%Steveston South$979K-8.5%Steveston Village$1.45M-8.8%Terra Nova$1.63M-6.7%West Cambie$810K-9.0%Westwind$1.47M-13.7%Woodwards$1.56M-6.2%
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Source: Greater Vancouver REALTORS via MLS® Home Price Index benchmark prices (board-published)

Period: July 2026

Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.