Richmond Hill Real Estate Market — Prices, Trends & Listings

Richmond Hill — Quick Summary Updated: May 18, 2026 Live listings: 1,085 Median asking detached: $1,799,000 Median asking towns: $1,088,888 Median asking condo apts: $585,000
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📊 HomeZira’s Richmond Hill Housing Snapshot

Data as of

This report highlights the currently displayed homes for sale in Richmond Hill, using median asking prices to give a clearer picture of the public listings available on this website right now.

The public section below focuses on current active inventory, listing counts, and asking-price comparisons across key home types. Additional sections covering recent sold trends, market insights, and area-level price patterns are available after login.

Public website inventory may differ from the full MLS® board system because displayed listings depend on public-facing DDF/IDX feeds, seller or brokerage participation, and update timing. HomeZira.com is built on the belief that buyers and sellers make better real estate decisions when they have access to better data. A clearer view of current market conditions, pricing patterns, and local inventory helps people understand the market more accurately and make more informed decisions with confidence.

📋 Overview of Richmond Hill’s Current Listings for Sale

This section summarizes current public listing inventory, median asking prices, and local market patterns for Richmond Hill.

Richmond Hill currently has approximately 780 active freehold listings and 305 active condo listings publicly displayed on this website. The latest median asking price of these public listings is about $1,549,900 for freehold homes and $625,000 for condos.

  Detached Semi-Detached Townhouses Condo Townhouses Condo Apartments
# of Current Listings 568 34 141 73 219
Median Asking Price $1,799,000 $1,086,944 $1,088,888 $769,000 $585,000

Freehold

Currently the median asking price for a detached house in Richmond Hill is $1,799,000, which is about 22.2% more than Whitchurch-Stouffville ($1,471,995), about 0.1% less than Vaughan ($1,799,900), about 43.9% more than Newmarket ($1,249,900), about 9% more than Markham ($1,650,000), about 30.8% less than King ($2,600,000), about 414% more than Georgina Islands ($350,000), about 97.7% more than Georgina ($909,900), about 39.6% more than East Gwillimbury ($1,288,444), about 7.8% more than Aurora ($1,669,440) and about 12.8% more than Toronto ($1,595,000).

Condo

Currently the median asking price for a condo apartment in Richmond Hill is $585,000, which is about 7% more than Whitchurch-Stouffville ($546,500), about 2.5% less than Vaughan ($599,900), about 2.5% less than Newmarket ($599,950), about 2% less than Markham ($597,000), about 2.5% less than King ($599,990), about 0.8% less than Georgina ($589,900), about 13.7% more than East Gwillimbury ($514,500), about 4.5% more than Aurora ($559,900) and about 1.7% less than Toronto ($595,000).

🔒 Sold Listings, Market Insights & Area Trends

After login, you can review recent sold-price trends, Days on Market, sale-to-list ratios, local market-balance signals, and neighbourhood-level price patterns in Richmond Hill. These insights can help buyers better understand negotiation conditions and help sellers assess pricing, timing, and local competition more clearly.

✅ Overview of Richmond Hill’s Sold Listings

In Richmond Hill, the sold-market insights below compare recent sales activity with earlier periods to help explain price direction, market pace, and overall housing trends.

Freehold (Sold)

After login, this section reviews recent freehold sold prices, sales volume, selling speed, and broader market direction to help buyers and sellers understand how this segment has been performing in Richmond Hill.

Sold Days On Market (DOM)

This section explains how quickly homes have been selling recently, whether marketing times have been speeding up or slowing down, and how current selling pace compares with earlier periods.

Condo (Sold)

Condo sold trends are also analyzed here, including price movement, sales pace, competition levels, and general market conditions across condo apartments and condo townhouses in Richmond Hill.

Richmond Hill Sold Homes – Trend Comparison

  Detached Semi-Detached Townhouses Condo Townhouses Condo Apartments
Median Sold Price ••• ••• ••• ••• •••
Sale-to-List Ratio ••• ••• ••• ••• •••
Median DOM ••• ••• ••• ••• •••
Absorption Rate ••• ••• ••• ••• •••

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🧑‍🤝‍🧑 Richmond Hill Population and Demographics

(Population and demographic figures in this section are based on Statistics Canada, 2021 Census of Population.)

Richmond Hill has a population of 202,022 (2021). Population has been growing (+3.6%) since 2016. It’s a globally connected city where newcomers make up 58.2% of residents. Visible minorities form a clear majority (66.4%).

Homeownership is prevalent (78.2%), with renters at about 21.8%. Housing stock includes 39,295 detached, 2,665 semi-detached, 10,505 row/town, 1,695 low-rise apts, and 12,960 high-rise apts. There are approximately 69,315 private dwellings overall.

Average household income sits near $134,000. Commuting patterns are varied — 7.9% use transit, 86.7% drive, and 39.8% work from home. 48.9% work at a usual workplace.

For buyers, recent asking medians point to detached median around $1,799,000 and freehold-town median near $1,088,888 (latest available).

Last updated: 2024-02-03 17:59:22

Richmond Hill Market & Demographics Snapshot

Population & Growth
Population (2021) 202,022
Change 2016→2021 3.6%
Community Diversity
Newcomers (immigrants) 58.2%
Visible minorities 66.4%
Housing Tenure
Owner-occupied 78.2%
Renter-occupied 21.8%
Housing Stock
Detached39,295
Semi-detached2,665
Row/Town10,505
Low-rise apts1,695
High-rise apts12,960
Total private dwellings69,315
Income & Commute
Avg household income $134,000
Use transit 7.9%
Drive 86.7%
Work from home 39.8%
Work at usual workplace 48.9%
Asking Medians (Latest)
Detached $1,799,000
Freehold Townhouse $1,088,888
Source: Statistics Canada (2021 Census) and Toronto Regional Real Estate Board (TRREB) market data.

❓ FAQ and Answers: Richmond Hill Housing Market

There are currently about 780 freehold listings and 305 condo listings for sale in Richmond Hill on this website.

The current median asking price in Richmond Hill is about $1,549,900 for freehold homes and $625,000 for condos. These figures help show the middle of the current asking-price range rather than being skewed by a few unusually high or low listings.

In Richmond Hill, the current median asking prices are approximately Detached: $1,799,000, Semi-Detached: $1,086,944, Freehold Townhouse: $1,088,888, Condo Townhouse: $769,000, and Condo Apartment: $585,000. Looking at the breakdown by property type gives a clearer picture than relying on one overall number alone.

Among the related locations compared with Richmond Hill, Georgina Islands currently has the lowest median asking price for detached homes at about $350,000.

Among the related locations compared with Richmond Hill, King currently has the highest median asking price for detached homes at about $2,600,000.

Among the related locations compared with Richmond Hill, East Gwillimbury currently has the lowest condo apartment median asking price at about $514,500, while King has the highest at about $599,990.

This answer normally explains what recent sold-price trends may suggest about pricing direction, market momentum, and overall housing conditions in Richmond Hill.

This answer normally reviews recent selling speed, including typical Days on Market, buyer competition, and what current market pace may mean for buyers and sellers in Richmond Hill.

This answer normally discusses market-balance indicators such as supply, demand, months of inventory, absorption trends, and whether current conditions are leaning more toward buyers or sellers.

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Disclaimer: The market statistics, trends, and Q&A on this page are provided for general informational purposes only. Figures are based on the most recent data available as of . Data is generated from available real estate listing and sold-data feeds, including MLS®-based sources where permitted, and is updated regularly. However, figures may be delayed, incomplete, or differ from board search screens, brokerage systems, valuation tools, or other sources due to update timing, snapshot cut-off times, field definitions, display rules, data availability, participation settings, opt-in status, and methodology differences. Public website inventory may also differ from the full board system because displayed listings depend on the availability of listings in public-facing feeds and related participation settings. Figures shown — including median prices, days on market, sale-to-list ratios, months of inventory, and absorption rates — are aggregated market estimates and may not reflect property condition, renovations, unique features, micro-location factors, private remarks, or listing changes made after the last update.

Certain sold-price insights, historical market analytics, and related reports available after login are intended only for registered users who have agreed to this website’s Terms of Use, have a bona fide interest in buying, selling, or leasing residential real estate, and are accessing this information in connection with residential real estate services offered through this website. This information is intended for personal, non-commercial use only and may not be copied, redistributed, or used for any unauthorized purpose.

This content is not an appraisal, home inspection, survey, legal, tax, financial, or investment advice, and it is not a guarantee or prediction of future results. Always verify facts, figures, listing details, sold data, and property-specific information through official listing sources and appropriate professionals before making a decision. If you are considering buying or selling, contact Kazi for a more tailored, property-specific review.

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