Richmond HillHousing market

Richmond Hill

Richmond Hill Housing Market Report

Strong Buyer's Market

All types - for the month of February

Buyer's market Seller's market

6

Days of inventory (DOI)*

DOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a DOI of +3 months indicates a buyers's market, where homes are selling slowly and there are more homes than available buyers.

48

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

783 active

New

448(+17.59% YoY)

Relisted

17(+21.43% YoY)

Compared to number of active, same period, in 2024: 467, in 2023: 303, in 2022: 313

Total Sold Listings*

127 sold

Median Sold Price

$1,210,000

Avg Days on Market

48 days

Median Bidding

-$19,000

Compared to number of sold, same period, in 2024: 192, in 2023: 172, in 2022: 305

*Data is for the month of February

Median Sold Price vs Average Days and Average Total Days on Market - Richmond Hill - All types

Sold vs Active vs New vs Relisted - Richmond Hill - All types

Sold Price Distribution - Richmond Hill - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Richmond Hill - All types

Property type distribution based on data from the last 3 months.

Median Price - Richmond Hill - All types

Just listed - Richmond Hill

Unknown for 75 Oneida Cres #1601, Richmond Hill Ontario L4B 0E8

1 day on market

Up to7K Cashback

75 Oneida Cres #1601, Richmond Hill

Condo12700-799 sq ft

Listed by EXP REALTY

Unknown for 9618 Yonge St #105, Richmond Hill Ontario L4C 0X5

2 days on market

Up to9K Cashback

9618 Yonge St #105, Richmond Hill

Condo2+131200-1399 sq ft

Listed by HOMELIFE NEW WORLD REALTY INC.

Home with brick exterior material, street for 43 Dariole Dr, Richmond Hill Ontario L4E 0Z2

2 days on market

Up to14K Cashback

43 Dariole Dr, Richmond Hill

Townhouse33- sq ft

Listed by RE/MAX PARTNERS REALTY INC.

Just sold - Richmond Hill

Unknown for 8868 Yonge St St #509E, Richmond Hill Ontario L4C 1Z8

Sold 2 days ago

Sold for $535,000

$36K above asking

8868 Yonge St St #509E, Richmond Hill

Condo1+11500-599 sq ft

Listed by HOMELIFE/FUTURE REALTY INC.

Home with brick exterior material, street for 63 Christephen Cres, Richmond Hill Ontario L4S 2T8

Sold 2 days ago

Sold for $1,050,000

$50K above asking

63 Christephen Cres, Richmond Hill

Townhouse341500-2000 sq ft

Listed by HOUSESIGMA INC.

Home with brick exterior material, street for 223 Weldrick Rd, Richmond Hill Ontario L4C 5J2

Sold 3 days ago

Sold for $1,186,000

$187K above asking

223 Weldrick Rd, Richmond Hill

Detached3+13- sq ft

Listed by DREAM HOME REALTY INC.

Population and Demographics

Overview

Total population 198193

Average household income $142,679

Age (%)

50 to 64

23%

0 to 19

22%

35 to 49

20%

20 to 34

18%

65 and plus

17%

Household composition (%)

Single family

76%

Single person

19%

Multi person

3%

Multi family

1%

Mother tongue (%)

English

39%

Mandarin

15%

Yue (Cantonese)

13%

Iranian Persian

11%

Russian

5%

Italian

3%

Others

3%

Korean

2%

Arabic

1%

Persian (Farsi)

1%

House tenancy (%)

Owners

78%

Renters

22%

Top 5 Schools in Richmond Hill

Silver Stream Public School180 Farmstead Rd, L4S 2K9, Richmond Hill, ON

9.5/10

Public•JK-8

St John Paul II Catholic Elementary School155 Red Maple Rd, L4B 4P9, Richmond Hill, ON

9.4/10

Public•JK-8

Doncrest Public School124 Blackmore Ave, L4B 2B1, Richmond Hill, ON

9.2/10

Public•JK-8

St Theresa of Lisieux Catholic High School230 Shaftsbury Ave, L4C 0E8, Richmond Hill, ON

9/10

Public•9-12

St Charles Garnier Catholic Elementary School16 Castlerock Dr, L4C 5H5, Richmond Hill, ON

8.9/10

Public•JK-8

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Transit Friendly

2/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance