Richmond Ontario real estate market report

Real Estate Stats & Sold House Prices in Richmond

Statistics for the last 90 Days ending May 27, 2024 in Richmond

There were 18 homes sold in Richmond in the last 3 months, with an average price of $884,650, that's an increase of 22.9% over this same period last year, and includes all house types.

Related Page: Homes for Sale in Richmond

Statistics for 2023 in Richmond

There were 55 homes sold in Richmond in 2023, with an average price of $718,538, that's a decrease of 7.8% over the previous year, this includes all house types.

Richmond Historical Home Prices, with Percentage change over Previous Year.

Year # Sales Average Price % Change
2000 37 $150,292 -- 
2001 37 $191,027 27.1%
2002 49 $190,286 -0.4%
2003 46 $228,111 19.9%
2004 40 $227,527 -0.3%
2005 37 $223,707 -1.7%
2006 43 $244,734 9.4%
2007 53 $250,008 2.2%
2008 42 $265,948 6.4%
2009 48 $284,885 7.1%
2010 53 $311,764 9.4%
2011 34 $339,650 8.9%
2012 53 $384,339 13.2%
2013 50 $385,698 0.4%
2014 63 $413,922 7.3%
2015 53 $423,099 2.2%
2016 64 $393,392 -7%
2017 87 $399,321 1.5%
2018 71 $436,919 9.4%
2019 72 $510,945 16.9%
2020 76 $611,041 19.6%
2021 94 $777,974 27.3%
2022 72 $779,319 0.2%
2023 55 $718,538 -7.8%

Keep an eye on the real estate activity in Richmond, set up a Market Report and as new listings come up, you'll see them right away and see the average price for all homes that are listed.

About Richmond

The suburban community of Richmond in the City of Ottawa's south-west, spans the Jock River which feeds into the Rideau River. You'll find it 10 km southwest of Kanata and south of Stittsville. It derives its name from the Duke of Richmond, a newly appointed Governor General of the Canadas. Richmond was selected in 1818 as one of the first military settlements by the British Army. Other settlements included Lanark and Perth. The rising importance of Bytown and the building of the Rideau Canal east of Richmond impacted its ability to thrive after the military relinquished control in 1822.

There are quite a number of home builders in the Richmond area. Examples include Mattamy Homes, currently building towns and singles in Richmond Meadows; Caivan, Courtyard Development, as well as custom home builders like Cedarstone and Talos.

At Census 2021, the population of Richmond was 4,228, up 4.3% from 2016. The median salary at Census 2020 was $54,400.

Richmond Bakery started in the 1800s and became a mainstay of the area on McBean Street up until its closure 75 years later, in August, 2014 owing to a difficulty in finding experienced bakers.

Of the many historic buildings in Richmond, the St Philip's Church is the oldest Catholic Church in Ottawa.

Schools in the area include: St. Philip Catholic Elementary School, Richmond Public Elementary School, and South Carleton High School.

Richmond residents enjoy sports such as baseball, soccer, curling and ice hockey. For outdoor enthusiasts, the 376 km network of trails named the Rideau Trail runs through the town. The Richmond Centennial Golf Club that opened in 1970 is open 7 days from 7am to 7pm during the golfing season to support golfers of all levels.

Since 1844 the Richmond Fair is held on the 3rd weekend in September to focus on the culture and traditions of the farming community to demonstrate their way of life. There is a wide variety of events including an agricultural exhibition, handmade crafts, live music, horse riding and lots of fun for children.

Residents can travel to Carleton Place, Perth or Smiths Falls via the RR 10, Prescott and Ottawa via Highway 416, or Richmond Road all the way to downtown Ottawa. They can also take an OC Transpo bus to Ottawa.

Must Eat / Must Experience

  • Jasmine Rice Thai Kitchen
  • Cousin Vinny's Pizza
  • Tony's Chip Wagon
  • Food Stop Richmond
  • Richmond Gourmet Restaurant