Richmond Apartment Homes Market Update – June 30, 2026
Market Highlights (as of June 30, 2026)
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Average Sold Price: Over the past 12 months, apartment-style homes in Richmond have achieved an average sold price of about $308,625.
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Average Days on Market: An extended listing timeframe, indicating that some properties require more days of exposure shows up in an average listing timeframe of roughly 64.8 days from list to firm sale.
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Odds of Selling: With 6 listings sold, 1 pending, and 12 not sold, the success rate for apartment-style homes in Richmond over this period works out to about 36.8%.
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Monthly Selling Rate: The market has been processing apartment-style homes at a rate of about 0.6 apartment sales per month in Richmond.
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Months of Inventory: At roughly 10.3 months of inventory, drawn from 6 active listings and the recent selling pace, inventory is on the higher side, so pricing, presentation, and strategy matter more for achieving a sale.
To see how these local trends compare to current inventory and pricing across the city, you can view all Calgary apartment homes for sale.
Time to Sell
The Time to Sell chart plots individual apartment sales in Richmond by days on market and sold price over the past 12 months, from 2025-06-30 to 2026-06-30. Each point represents one sold listing, with days on market on the horizontal axis and sold price on the vertical axis, plus reference lines showing the average sold price and a typical listing timeframe for this segment.
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In the last 12 months, most apartment listings have needed about 64.8 days on average to go firm. That figure offers a realistic sense of how long the process typically takes.
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Sales that completed in less than about 34 days sit on the faster side of the chart and often reflect well-prepared listings that were aligned with recent pricing, while sales that took longer than roughly 68.5 days illustrate cases where extra time was needed before the right buyer and price match came together.
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Across this period, the average sold price for apartment homes in Richmond has been near $308,625, and points that sit well to the right of the typical days-on-market line highlight situations where pricing, condition, or more specialized features required additional exposure before a firm sale.
Odds of Selling
The Odds of Selling chart summarizes how many apartment listings in Richmond have sold, how many are still on the market, and how many were removed without a completed sale over the past 12 months, from 2025-06-30 to 2026-06-30. It also rolls those counts into an overall estimate of the percentage of listings that ultimately reach a firm sale.
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Odds of Selling: Over this 12-month window, 6 apartment listings in Richmond sold and 1 are still working toward a firm sale, while 6 remain active and 12 came off the market without selling. Taken together, that works out to an overall success rate of roughly 36.8% for this segment.
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Monthly Selling Rate: Based on those results, the segment has been averaging about 0.6 apartment sales per month, which gives a feel for how many homes are actually changing hands in a typical month.
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Months of inventory currently sits near 10.3 months, combining the number of active listings with the recent selling rate; in practical terms, this means inventory is on the higher side, so pricing, presentation, and strategy matter more for achieving a sale
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In this context, “not sold” captures listings that were terminated, expired, or withdrawn without reaching a firm sale, which helps distinguish between properties that successfully completed the moving process and those that left the market for other reasons.
Buying Pattern
The Buying Pattern chart shows how many apartment sales in Richmond were completed in each of the last 12 months, including 11 full months plus the current month-to-date, so you can see how activity has moved through the year between 2025-06-30 and 2026-06-30.
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The busiest months for closed apartment sales over this period were Jul 2025, where the bar heights sit at the top of the chart for this 12-month window.
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On the quieter side, months such as Sep 2025, Oct 2025, and Dec 2025 sit closer to the bottom of the chart, illustrating periods where fewer apartment sales were recorded.
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Across the 12-month window, monthly closed sales ranged from about 0 to 2 deals, for a total of 6 completed sales. That lines up with the monthly selling rate of roughly 0.6 sales per month shown in the broader odds-of-selling view.
Price vs. Square Footage
The Price vs. Square Footage chart focuses on the last three months of apartment sales in Richmond, plotting each sale by interior size on the horizontal axis and sold price on the vertical axis. A trend line is overlaid to summarize how sale prices have tended to move as square footage changes in this recent sample.
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Recent closed apartment sales in this view span from around 761 sq. ft. through to roughly 863 sq. ft., and within that range the trend line suggests a fairly strong relationship where higher square footage has recently been associated with higher sale prices.
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The chart highlights a typical size range where many apartment homes have changed hands recently, and within that range you can see how prices step up as square footage increases. This reading comes from around 2 sales over the most recent quarter.
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Taken together with the average sold price of roughly $308,625 over the full 12-month window, the chart can be used as a directional guide: you can locate a home's square footage on the horizontal axis, follow it up toward the trend line, and get a sense of where similar recent sales have been concentrating on the price scale.
Key Takeaways
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Market tilt: Inventory has been running at about 10.3 months, which places the apartment segment in Richmond in a buyer-leaning conditions position. That context matters when deciding how assertive to be on list price and how flexible to be during negotiations.
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Time to sell: Over the past 12 months, apartment listings in Richmond have taken around 64.8 days on average to firm up, which means the selling process has often required a longer marketing window before firming up; for planning purposes it is wise to allow for some variability around that figure.
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Size and pricing: Within the recent three-month sample, apartment sales from roughly 761 to 863 sq. ft. show a fairly strong relationship where higher square footage has recently been associated with higher sale prices. When estimating value for a specific home, it helps to pair that chart with the most similar recent comparables in terms of size, features, and condition.
Other Property Types in Richmond
Market activity in Richmond can vary significantly by property type. While apartment homes show specific absorption rates, you may find different trends in the detached home market, the semi-detached home market or the row home market, which often appeal to a different buyer demographic.
Considering a Move?
If you’re weighing your options in Richmond and want a practical read on where the apartment market stands, I can help you map out the smartest path forward.
Buying: I’ll help you isolate the best fits, interpret what the data really means, and negotiate from a position of strength in Richmond.
Selling: I’ll help you time the market effectively, leverage the right comparables, and create a presentation that pulls buyers toward your listing in Richmond.
Want a focused, numbers-first roadmap for your next step?
Let’s talk.
