Oakwyn Realty Ltd.

Richmond Market Trends

MLS® Home Price Index benchmark prices — Greater Vancouver

Balanced MarketAugust 2026
Benchmark price
$1,025,100
7.3% YoY
Month over Month
-0.1%
Sales (Aug 2026)
221
Price History
38 months

Richmond at a glance

The benchmark price of a home in Richmond was $1,025,100 in August 2026, down 7.3% from a year earlier. Since July 2023 the benchmark price has fallen 13.2% ($1,180,400 → $1,025,100), with the period high of $1,190,500 in May 2024. Greater Vancouver REALTORS reported 221 sales in Richmond in August 2026, with a 48.0% sales-to-new-listings ratio.

Benchmark price trend

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

$1.00M$1.05M$1.10M$1.15M$1.20MSep ’23Mar ’25Aug ’26$1.03M

Benchmark price levels by property type

Property typeAug 2026Aug 20251-yr change
Composite (all types)$1,025,100$1,105,600-7.3%
Detached$1,925,400$2,088,800-7.8%
Townhouse / attached$1,022,200$1,065,600-4.1%
Apartment / condo$633,300$702,400-9.8%
Detached
$1.93M
-7.8% 1yr
Townhouse / attached
$1.02M
-4.1% 1yr
Apartment / condo
$633K
-9.8% 1yr

Monthly sales

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

0100200300Aug ’25Feb ’26Aug ’26221

Richmond neighbourhoods

Benchmark price and 1-year change, Aug 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: August 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.