Richmond, Calgary - September 2026 Real Estate Report

Richmond, Calgary Real Estate: What's Actually Happening on Your Street Right Now

The Vibe in Richmond

If you've been watching the "For Sale" signs in Richmond lately, here's the honest read: the market is taking a breather. Prices are still solid, but buyers have the upper hand right now. That matters a lot depending on whether you own a house or a condo here - because those two stories are pretty different.

Houses: Still Strong, But Cooling Off

We're seeing average house sale prices sitting at $1,003,250 this month - that sounds great until you notice it's down 3.2% from last month. Listings are averaging $955,380, and homes are selling for about 96.66% of the asking price. Translation: buyers are negotiating, and sellers are accepting it.

• Average sale price: $1,003,250 (down 3.2% from last month)
• Average listing price: $955,380
• Price per square foot: $547
• Average days on market: 44 days
• Properties sold this month: 16
• Sale-to-list ratio: 96.66%

Forty-four days on market is worth paying attention to. Our neighbours in Killarney Glengarry are moving homes in 38 days. That six-day gap tells us Richmond houses need sharper pricing to compete right now. The predicted market value for houses sits at $951,124 - and that number is drifting down from the 3-month moving average of $954,124. Not a freefall, but a clear direction.

On the neighbourhood leaderboard, Richmond houses rank 97 out of 238 Calgary neighbourhoods for growth - that puts us in the above-average tier, which is genuinely decent in a market where a lot of areas are flat or sliding.

Condos: A Tale of Two Numbers

The condo picture is more complicated, and we should talk about it plainly. Only 1 condo sold this month at $186,500 - down 16.7% from last month - and it sold for 95.32% of list price. With just one transaction, we can't read too much into the sale price movement, but the trend is worth watching.

• Average sale price: $186,500 (down 16.7% from last month)
• Average listing price: $235,000
• Price per square foot: $241
• Average days on market: 46 days
• Properties sold this month: 1
• Sale-to-list ratio: 95.32%

Here's the interesting part though: the predicted market value for Richmond condos is $780,849 - and that number is actually creeping up from the 3-month moving average of $777,205. Condo values have moved up 2.12% recently, ranking 39 out of 216 Calgary neighbourhoods for growth. That puts Richmond condos in the top performers category city-wide. The day-to-day sales data and the longer-term value trend are pointing in different directions, so don't panic-sell based on one slow month.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

Here's why Richmond homeowners should pull up their HonestDoor Price today instead of waiting for the city's next assessment notice to show up in the mail.

For houses, the city's average assessed value is $945,366. The HonestDoor Price is $949,766 - about 0.47% higher. That gap might seem small, but your tax assessment is a snapshot frozen in time. The HonestDoor Price updates in real-time based on what's actually happening in the market right now. In a cooling market, that difference matters when you're making decisions about selling, refinancing, or even just knowing where you stand.

For condos, the gap is impossible to ignore. The average city assessment is $445,661. The average HonestDoor Price is $776,339 - that's 74.20% higher than what the city has on the books. If a Richmond condo owner is making any financial decision based on that government number, they are working with seriously outdated information. The HonestDoor Price is the real-world check that reflects what condos in this neighbourhood are actually worth today.

• Houses - City assessment: $945,366 vs. HonestDoor Price: $949,766
• Condos - City assessment: $445,661 vs. HonestDoor Price: $776,339 (74.20% higher)
• 1,723 house properties assessed this year
• 273 condo properties assessed this year

The "So What?" - Thinking About Selling This Summer?

If you own a house in Richmond and you're thinking about listing this summer, the window is open but it's not wide. Buyers are negotiating below ask, homes are sitting for 44 days, and prices slipped 3.2% last month. That doesn't mean don't sell - it means price it right from day one. Overpricing and then chasing the market down is the worst outcome here. A sharp list price close to that $951,124 predicted value is your best shot at a clean, fast sale.

If you own a condo, the short-term sales data is noisy with only one transaction this month. But the longer-term value trend is actually moving in your favour, and Richmond condos rank in the top performers in Calgary for growth. Rental demand is real too - estimated rent of $3,051 per month with a 3.68% yield means holding isn't a bad play if selling conditions feel soft.

Either way, the smartest first move is checking your HonestDoor Price before you call an agent or set a list price. Know your real number before you negotiate.

Quick Snapshot - Richmond vs. the Neighbours

• South Calgary - HonestDoor Price $966,161 (houses), growing at 0.06% year over year - slightly pricier and moving faster
• Killarney Glengarry - HonestDoor Price $843,371 (houses), growing at 0.04% - more affordable, homes selling faster at 38 days
• Bankview - HonestDoor Price $789,483 (houses), growth at -0.01% - cheaper entry point but the market there is slower

Richmond sits in a solid middle ground - above average in price for Calgary, above average in growth, and with rental income potential that makes it worth holding if you're not in a rush. Just go in with current numbers, not last year's assessment.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.