Richmond, Ottawa - September 2026 Real Estate Report

Richmond, Ottawa: Your Neighbour Just Got a Surprise - Here's What Your Home Is Actually Worth

If you live in Richmond and you haven't checked your HonestDoor Price lately, you're probably working off a number that's already out of date. Here's the real picture, straight up.

The Vibe: What's Happening in Our Market Right Now

Richmond is holding its ground in a market where a lot of Ottawa neighbourhoods are wobbling. We're sitting above average on the Ottawa neighbourhood leaderboard - and for houses specifically, that's not nothing.

Houses: Steady, Not Sleepy

The average HonestDoor Price for a house in Richmond is $828,869, up 0.82% from the previous period. That's not a fireworks show, but it's movement in the right direction. The predicted market value sits at $822,120 - and yes, that's slightly below the 3-month moving average of $823,314, so the line is basically flat right now. Think of it as the market catching its breath.

On the sales side, the average sale price hit $1,592,900, with listings averaging $1,599,900 this month. Buyers are paying 99.56% of list price - just a hair under asking. That tells us sellers still have pricing power, but buyers aren't in a panic. It's a stable, measured market.

• Average HonestDoor Price: $828,869 (up 0.82%)
• Average sale price: $1,592,900
• Average list price this month: $1,599,900
• Price per square foot: $498
• Average days on market: 9
• Sale-to-list ratio: 99.56%
• Estimated monthly rent: $3,670
• Rental yield: 5.03%
• Growth rank: 27 out of 98 Ottawa neighbourhoods
• Days-on-market rank: 4 out of 17
• Price rank: 6 out of 27

That rental yield of 5.03% is worth flagging. For anyone holding a Richmond house as an investment, that's a strong return. Estimated rent of $3,687 per month and an Airbnb estimate of $183 per night give landlords real options here.

Speed matters too. Houses are moving in an average of 9 days, and our days-on-market rank is 4 out of 17 comparable Ottawa areas. That's fast. Serious buyers are not dragging their feet in Richmond.

Condos: The Outlier You Need to Know About

Here's where things get interesting. The condo market in Richmond is doing something very different from the house market - and it's turning heads.

The average HonestDoor Price for a Richmond condo is $2,572,400, up a significant 9.51% from the previous period. The predicted market value is $2,349,059, and that number is increasing against a 3-month moving average of $2,150,259. The trend line is pointing up, not sideways.

• Average HonestDoor Price: $2,572,400 (up 9.51%)
• Predicted market value: $2,349,059
• 3-month moving average: $2,150,259
• Estimated monthly rent: $8,348
• Rental yield: 1.93%
• Airbnb estimate: $415 per night
• Airbnb rank in Ottawa: 2nd
• Growth rank: 12 out of 103 Ottawa neighbourhoods

That Airbnb rank of 2nd in all of Ottawa is a headline number. If you own a condo in Richmond and you're not thinking about short-term rental income, you're leaving money on the table. At $415 per night, the income potential is real. The growth rank of 12 out of 103 puts Richmond condos firmly in the top tier of Ottawa neighbourhoods right now.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. The city looks at a fixed valuation date and that number gets used for years. A lot can change in that time, and in Richmond's condo market, a lot has changed.

The HonestDoor Price is updated in real time, using actual market activity. It's the difference between knowing what your home was worth and knowing what it's worth today. With Richmond condos up nearly 10% and houses holding steady above the Ottawa average, your assessment could be significantly behind where the market actually sits. That gap matters whether you're selling, refinancing, or just trying to understand your net worth.

Think of the HonestDoor Price as your real-world check - the number a buyer would actually put on paper, not the number a government form printed two years ago.

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

If you're a Richmond homeowner eyeing a summer sale, the data is giving you a reasonable green light - with a few things to keep in mind.

For house sellers, the market is stable and buyers are active. Nine days on market is fast. You're not going to get into a bidding war frenzy, but you're also not going to sit on the market for months. Pricing close to list is the move - buyers are paying 99.56% of ask, so overpricing by even a small margin could cost you. Get your HonestDoor Price, price it right, and you'll move it quickly.

For condo owners, the story is even more compelling. A 9.51% jump in HonestDoor Price and a top-12 growth ranking in Ottawa means you have real leverage right now. If you've been waiting for the right moment, this is a better window than most of the past year.

Either way, compare your HonestDoor Price against what your neighbours in Bridlewood - Emerald Meadows ($739,328 for houses), Barrhaven ($627,756), and Glen Cairn - Kanata South Business Park ($602,499) are sitting at. Richmond is priced above all of them. That premium is real, and buyers know it.

Bottom line - Richmond is not a market that's cooling off. It's one that's earning its price tag. Know your number before you make any moves.

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.