Richmond Real Estate Market Stats

Richmond benchmark prices and trends, October 2026

A typical Richmond home carried an MLS® Home Price Index benchmark of $998,300 in October 2026. That is down 1.7% on the month, down 2.7% over three months, down 4.7% over six months and down 8.3% over the year. Over three years it is down 14.9%, and over five years down 5.6%.

The weakest one-year move in Richmond was for a detached home homes at −11.1%; the strongest was a townhouse at −4.5%.

The gap between a detached home ($1,833,100) and an apartment ($625,700) is $1,207,400, and a townhouse ($1,009,300) sits $383,600 above the apartment benchmark.

Against Greater Vancouver, where the all-home benchmark was $1,068,600, Richmond is 6.6% below. Over the year Greater Vancouver moved down 5.2% against down 8.3% here.

Of the 20 areas this board reports, Richmond ranks 10 by all-home benchmark, with Ladner above it at $1,023,500 and Port Moody below it at $995,800.

• Detached homes in Richmond

  benchmark $1,833,100, down 2.0% in a month, down 4.1% in three months, down 6.7% in six months, down 11.1% in a year, down 15.1% in three years and down 7.7% in five. That is 3.3% above the detached benchmark for Greater Vancouver ($1,775,200).

  Townhouse homes in Richmond

  benchmark $1,009,300, down 1.5% in a month, down 2.5% in three months, down 2.6% in six months, down 4.5% in a year, down 9.8% in three years and up 4.9% in five. That is 0.3% above the townhouse benchmark for Greater Vancouver ($1,006,500).

  Apartment homes in Richmond

  benchmark $625,700, down 1.6% in a month, down 2.2% in three months, down 5.5% in six months, down 8.8% in a year, down 16.8% in three years and down 1.7% in five. That is 7.1% below the apartment benchmark for Greater Vancouver ($673,400).

• All home types$998,300▼Down 8.3% over 1 year
• Detached$1,833,100▼Down 11.1% over 1 year
• Townhouse$1,009,300▼Down 4.5% over 1 year
• Apartment$625,700▼Down 8.8% over 1 year

In dollars, the typical Richmond home is worth about $90,400 less than in October 2025, when the benchmark was near $1,088,700. By type, detached homes lost about $228,900, from $2,062,000 to $1,833,100, townhouses lost about $47,600, from $1,056,900 to $1,009,300, and apartments lost about $60,400, from $686,100 to $625,700 over those twelve months. Further back, the benchmark was near $1,047,500 six months ago and near $1,173,100 three years ago, so today's figure sits about $49,200 below the six-month mark and about $174,800 below the three-year mark. Against Greater Vancouver, the Richmond benchmark is about $70,300 below the regional $1,068,600; a year earlier the difference was about $38,500 below.