As of September 14, 2026, HomeZira shows about 728 freehold listings and 290 condo listings currently offered for sale in Richmond Hill on this website.
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Richmond Hill Real Estate Market — Prices, Trends & Listings
Richmond Hill — Quick Summary
Updated: Sep 14, 2026
Live listings: 1,049
Median asking detached: $1,798,850
Median asking towns: $1,068,000
Median asking condo apts: $574,894
🏠 Richmond Hill Homes for Sale — Current Inventory & Asking Prices
Data as of
Richmond Hill currently has approximately 728 active freehold listings and 290 active condo listings publicly displayed on this website. The latest median asking price of these public listings is about $1,554,500 for freehold homes and $599,000 for condos.
Use the table below to compare current availability and median asking prices across the major property types shown.
| Detached | Semi-Detached | Townhouses | Condo Townhouses | Condo Apartments | |
|---|---|---|---|---|---|
| # of Current Listings | 536 | 28 | 125 | 74 | 206 |
| Median Asking Price | $1,798,850 | $1,099,450 | $1,068,000 | $798,450 | $574,894 |
Asking prices reflect homes currently offered for sale and are not sold prices. Overall freehold and condo inventory may include property types not shown separately in the table. Inventory and asking prices may change as listings enter or leave the market.
📈 Richmond Hill Housing Market Report — August 2026
Based on TRREB Market Watch monthly statistics
Reporting period:
August 2026
Source: TRREB Market Watch. Analysis and calculations by HomeZira.
Richmond Hill Freehold and Condo Market Conditions
Freehold and condo conditions can move differently, so HomeZira evaluates the two segments separately using the major property types published in TRREB Market Watch.
Freehold Market Condition
Freehold Market Condition
Months of Inventory (MOI) estimates how many months it would take to sell the available inventory at the recent sales pace. Lower MOI generally means tighter supply; higher MOI generally means more choice for buyers.
Sales-to-New-Listings Ratio (SNLR) compares home sales with new listings entering the market. A higher SNLR generally indicates stronger demand relative to new supply, while a lower SNLR indicates more new supply relative to sales.
HomeZira uses both indicators to assess the overall market condition.
🔷
Balanced Market — Buyer-Leaning
5.4
12-month MOI
33.8%
12-month SNLR
Freehold activity recorded 118 sales in August 2026, down 12.6% from July 2026 and 4.8% lower than August 2025. Active listings totaled 657, down 3.9% from July 2026 and 16.0% lower than August 2025. Average LDOM was 34 days.
Condo Market Condition
Condo Market Condition
Months of Inventory (MOI) estimates how many months it would take to sell the available inventory at the recent sales pace. Lower MOI generally means tighter supply; higher MOI generally means more choice for buyers.
Sales-to-New-Listings Ratio (SNLR) compares home sales with new listings entering the market. A higher SNLR generally indicates stronger demand relative to new supply, while a lower SNLR indicates more new supply relative to sales.
HomeZira uses both indicators to assess the overall market condition.
🔵
Buyer's Market
6.1
12-month MOI
32.2%
12-month SNLR
Condo activity recorded 42 sales in August 2026, down 6.7% from July 2026 and 19.2% lower than August 2025. Active listings totaled 272, down 3.5% from July 2026 and 12.5% lower than August 2025. Average LDOM was 45 days.
Richmond Hill Freehold and Condo Market Snapshot — August 2026
Compare the major freehold and condo segments side by side. Monthly rows use the August 2026 reporting period; 12-month MOI and SNLR use trailing-12-month calculations ending in August 2026. MoM compares with July 2026, while YoY compares with August 2025.
| Metric | Freehold | Condo | ||||
|---|---|---|---|---|---|---|
| August 2026 | MoM | YoY | August 2026 | MoM | YoY | |
|
Sales
Monthly Home Sales
The number of residential home sales reported during the month. Comparing sales with previous periods can help show whether market activity is increasing or decreasing. |
118 | -12.6% | -4.8% | 42 | -6.7% | -19.2% |
|
Average Sold Price
Average Sold Price
The average selling price of homes in the segment during the month. It is calculated using the combined dollar volume and number of sales for the major property types included in that segment. |
$1,430,854 | +0.5% | -3.4% | $576,723 | -7.5% | -16.5% |
|
New Listings
New Listings
The number of residential listings newly added to the market during the month. Comparing new listings with sales can help show whether available housing supply is growing faster or slower than buyer activity. |
319 | -13.1% | -9.4% | 129 | -14.6% | -7.9% |
|
Active Listings
Active Listings
The number of residential listings available for sale at the end of the reporting period. Higher active inventory generally gives buyers more choice, while lower inventory means fewer homes are available. |
657 | -3.9% | -16% | 272 | -3.5% | -12.5% |
|
Average LDOM
Listing Days on Market (LDOM)
The average number of days a successful listing was on the market before it sold. A lower LDOM generally means homes were selling faster, while a higher LDOM means they were taking longer to sell. |
34 days | 0 days | -1 day | 45 days | 0 days | +3 days |
|
12-Month MOI
Months of Inventory (MOI)
Months of Inventory estimates how many months it would take to sell the available inventory at the recent sales pace. Lower MOI generally means tighter supply; higher MOI generally means more choice for buyers. |
5.4 months | -0.1 months | — | 6.1 months | +0.1 months | — |
|
12-Month SNLR
Sales-to-New-Listings Ratio (SNLR)
The Sales-to-New-Listings Ratio compares home sales with new listings entering the market. A higher SNLR generally indicates stronger demand relative to new supply, while a lower SNLR indicates more new supply relative to sales. |
33.8% | +0.1 pts | — | 32.2% | -0.4 pts | — |
What the August 2026 Freehold and Condo Markets Mean for Buyers and Sellers
For Buyers
Freehold
Freehold conditions in Richmond Hill were balanced but buyer-leaning, giving buyers somewhat more choice and negotiating room than in a tighter market. New freehold listings fell 13.1% from July 2026, so fewer fresh options were entering the market. Homes averaged 34 days on market, giving buyers time to compare competing listings and negotiate carefully.
Condo
Condo conditions in Richmond Hill favoured buyers. With 6.1 months of inventory, available supply was relatively high compared with the recent sales pace, giving buyers greater choice and negotiating leverage. New condo listings fell 14.6% from July 2026, so fewer fresh options were entering the market. Homes averaged 45 days on market, giving buyers time to compare competing listings and negotiate carefully.
For Sellers
Freehold
Freehold conditions in Richmond Hill were balanced but buyer-leaning, increasing competition among sellers for available buyer demand. Freehold sales fell 12.6% from July 2026, meaning sellers were competing for a smaller pool of completed transactions. Homes averaged 34 days on market, making accurate pricing and strong presentation important when competing for buyer attention.
Condo
Condo sellers in Richmond Hill faced a more competitive environment. With 6.1 months of inventory, available supply was relatively high compared with the recent sales pace. Condo sales fell 6.7% from July 2026, meaning sellers were competing for a smaller pool of completed transactions. Homes averaged 45 days on market, making accurate pricing and strong presentation important when competing for buyer attention.
Richmond Hill Housing Market by Property Type — August 2026
See how different property types performed in Richmond Hill during August 2026, including sales activity, sold prices, available inventory and average market time.
| Property Type | Sales | Median Sold Price | New Listings | Active Listings |
12-Month MOI
Months of Inventory (MOI)
Measures housing supply relative to the recent pace of sales. Lower MOI generally indicates tighter supply and stronger competition, while higher MOI generally means buyers have more choice. This 12-month MOI is calculated by HomeZira using TRREB Market Watch data. |
Avg. Sale-to-List
Average Sale-to-List Ratio
Shows the average selling price as a percentage of the listing price. A ratio of 100% means homes sold at their listing price on average. Above 100% means they sold above list price on average, while below 100% means they sold below list price on average. |
Avg. LDOM
Listing Days on Market (LDOM)
The average number of days a successful listing was on the market before it sold. A lower LDOM generally means homes were selling faster, while a higher LDOM means they were taking longer to sell. |
|---|---|---|---|---|---|---|---|
| Detached | 74 | $1,482,500 | 246 | 518 | 6.1 months | 97% | 35 days |
| Semi-Detached | 6 | $1,025,000 | 17 | 24 | 3.8 months | 102% | 9 days |
| Freehold Townhouse | 38 | $1,026,350 | 56 | 115 | 4.1 months | 98% | 37 days |
| Condo Townhouse | 9 | $715,000 | 35 | 75 | 6.2 months | 100% | 38 days |
| Condo Apartment | 33 | $500,000 | 94 | 197 | 6 months | 95% | 47 days |
What Stands Out by Property Type
HomeZira's August 2026 property-type comparison shows that Freehold Townhouse had the strongest overall demand profile among the property types shown in Richmond Hill. That segment combined a 12-month MOI of 4.1 months, an average selling time of 37 days and an average sale-to-list ratio of 98.0%, while recording 38 sales. Semi-Detached had the lowest 12-month MOI at 3.8 months, but it also had recorded only 6 sales compared with 38 for Freehold Townhouse. Detached recorded the most sales at 74, but sales volume alone did not make it the strongest demand segment; its 12-month MOI of 6.1 months, 35-day average LDOM and 97.0% average sale-to-list ratio pointed to less intense competition than Freehold Townhouse.
At the softer end of the market, Condo Apartment showed conditions that generally gave buyers comparatively more time and negotiating room, with a 12-month MOI of 6.0 months, an average selling time of 47 days and a 95.0% average sale-to-list ratio. Condo Townhouse had the highest 12-month MOI at 6.2 months, but it sold faster at about 38 days compared with 47 days for Condo Apartment and had a stronger average sale-to-list ratio of 100.0% compared with 95.0%. This left Condo Apartment with the softer combined demand profile. For sellers, Freehold Townhouse was operating in relatively stronger conditions, while Condo Apartment sellers faced more competition for buyer attention and may benefit from careful pricing and presentation. Buyers focused on Condo Apartment may have more opportunity to compare listings and negotiate than buyers focused on Freehold Townhouse.
🔒 Ultra-Current Richmond Hill Sold Market Intelligence — Updated Daily
Sold data updated through
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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 $1,798,850 and freehold-town median near $1,068,000 (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
$1,798,850
Freehold Townhouse
$1,068,000
Source: Statistics Canada (2021 Census) and Toronto Regional Real Estate Board (TRREB) market data.
❓ FAQ and Answers: Richmond Hill Housing Market
As of September 14, 2026, the median asking price for freehold homes is about $1,554,500, while the median asking price for condos is about $599,000 in Richmond Hill. These are asking prices for homes currently offered for sale, not sold prices.
As of September 14, 2026, the current median asking prices among the major property types shown for Richmond Hill are approximately Detached: $1,798,850, Semi-Detached: $1,099,450, Freehold Townhouse: $1,068,000, Condo Townhouse: $798,450, Condo Apartment: $574,894. Asking prices reflect current listings and can change as homes enter or leave the market.
In August 2026, the Freehold average sold price was $1,430,854, while the Condo average sold price was $576,723 in Richmond Hill. These are HomeZira-calculated segment averages based on the major property types included in each Freehold and Condo segment.
In August 2026, average sold-price movement in Richmond Hill differed by segment. Freehold: up 0.5% from July 2026 and down 3.4% from August 2025. Condo: down 7.5% from July 2026 and down 16.5% from August 2025. Freehold and Condo can move differently, so reviewing the two segments separately gives a clearer picture than relying on one combined price trend.
In August 2026, Freehold recorded 118 sales (down 12.6% from July 2026 and down 4.8% from August 2025), while Condo recorded 42 sales (down 6.7% from July 2026 and down 19.2% from August 2025) in Richmond Hill.
In August 2026, Freehold averaged 34 days LDOM, unchanged from July 2026, while Condo averaged 45 days LDOM, unchanged from July 2026 in Richmond Hill. LDOM is the average Listing Days on Market for homes that sold during the reporting month.
Market conditions in Richmond Hill differ by segment. Based on HomeZira's analysis of August 2026 TRREB Market Watch data, Freehold: Balanced Market — Buyer-Leaning (5.4 months of inventory, 33.8% 12-month SNLR); Condo: Buyer's Market (6.1 months of inventory, 32.2% 12-month SNLR). HomeZira evaluates Freehold and Condo separately because supply and buyer demand can differ materially between the two segments.
Based on HomeZira's analysis of August 2026 TRREB Market Watch property-type statistics, HomeZira's August 2026 property-type comparison shows that Freehold Townhouse had the strongest overall demand profile among the property types shown in Richmond Hill. That segment combined a 12-month MOI of 4.1 months, an average selling time of 37 days and an average sale-to-list ratio of 98.0%, while recording 38 sales. Semi-Detached had the lowest 12-month MOI at 3.8 months, but it also had recorded only 6 sales compared with 38 for Freehold Townhouse. Detached recorded the most sales at 74, but sales volume alone did not make it the strongest demand segment; its 12-month MOI of 6.1 months, 35-day average LDOM and 97.0% average sale-to-list ratio pointed to less intense competition than Freehold Townhouse.
Based on HomeZira's analysis of August 2026 TRREB Market Watch property-type statistics, At the softer end of the market, Condo Apartment showed conditions that generally gave buyers comparatively more time and negotiating room, with a 12-month MOI of 6.0 months, an average selling time of 47 days and a 95.0% average sale-to-list ratio. Condo Townhouse had the highest 12-month MOI at 6.2 months, but it sold faster at about 38 days compared with 47 days for Condo Apartment and had a stronger average sale-to-list ratio of 100.0% compared with 95.0%. This left Condo Apartment with the softer combined demand profile. For sellers, Freehold Townhouse was operating in relatively stronger conditions, while Condo Apartment sellers faced more competition for buyer attention and may benefit from careful pricing and presentation. Buyers focused on Condo Apartment may have more opportunity to compare listings and negotiate than buyers focused on Freehold Townhouse.
Using August 2026 TRREB Market Watch data, Freehold: Richmond Hill Freehold had the 4th-highest average sold price among the 9 York markets compared. Sales activity ranked 3rd-highest in the comparison group. Average selling time ranked 4th-fastest among the markets compared. Months of inventory ranked 7th-lowest among the markets compared. Condo: Richmond Hill Condo had the 4th-lowest average sold price among the 9 York markets compared. Sales activity ranked 3rd-highest in the comparison group. Average selling time ranked 6th-fastest among the markets compared. Months of inventory ranked 3rd-lowest among the markets compared.
Market Watch FAQ answers use the latest completed TRREB Market Watch reporting period: August 2026. Source: TRREB Market Watch. Analysis and calculations by HomeZira.
Disclaimer:
Market statistics, analysis and Q&A are provided for general
informational purposes only.
Current listing inventory and asking-price figures reflect
public-facing listings available to this website as of
September 14, 2026.
TRREB Market Watch statistics are for
August 2026.
Source: TRREB Market Watch. Analysis and calculations by HomeZira.
Market-level statistics are aggregate figures and do not represent the
value or expected selling price of any individual property. Information
may change or differ from other sources due to reporting periods, update
timing, data availability and methodology. This content is not an
appraisal, legal, tax, financial or investment advice. Verify
property-specific information before making a real estate decision.
Richmond Hill Real Estate Links
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