Oak RidgesHousing market

Oak Ridges

Oak Ridges Housing Market Report

Balanced Market

All types - for the month of February

Buyer's market Seller's market

4

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 0-3 months indicates a seller's market, where homes are selling quickly and there are more buyers than available homes.

44

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*

124 active

New

80(+42.86% YoY)

Relisted

4(+300.00% YoY)

Compared to number of active, same period, in 2024: 66, in 2023: 58, in 2022: 69

Total Sold Listings*

28 sold

Median Sold Price

$1,348,500

Avg Days on Market

44 days

Median Bidding

-$44,450

Compared to number of sold, same period, in 2024: 26, in 2023: 22, in 2022: 41

*Data is for the month of February

Median Sold Price vs Average Days and Average Total Days on Market - Oak Ridges - All types

Sold vs Active vs New vs Relisted - Oak Ridges - All types

Sold Price Distribution - Oak Ridges - All types

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

Property Type Distribution - Oak Ridges - All types

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

Median Price - Oak Ridges - All types

Just listed - Oak Ridges

Home with brick exterior material, street for 10 Old Colony Rd #14, Richmond Hill Ontario L4E 4L4

16 hours on market

Up to16K Cashback

10 Old Colony Rd #14, Richmond Hill

Townhouse3+141500-2000 sq ft

Listed by HOMELIFE LANDMARK REALTY INC.

Home with brick exterior material, street for 17 Parker Ave, Richmond Hill Ontario L4E 2X3

16 hours on market

Up to17K Cashback

17 Parker Ave, Richmond Hill

Detached4+14- sq ft

Listed by RIGHT AT HOME REALTY

Unknown for 161 Seguin St, Richmond Hill Ontario L4E 1N3

1 day on market

Up to12K Cashback

161 Seguin St, Richmond Hill

Townhouse3+14- sq ft

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Just sold - Oak Ridges

Home with brick exterior material, street for 7 Phelps Lane #Unit 1, Richmond Hill Ontario L4E 1J4

Sold for $825,000

$33K below asking

7 Phelps Lane #Unit 1, Richmond Hill

Condo231200-1399 sq ft

Listed by VANGUARD REALTY BROKERAGE CORP.

Home with brick exterior material, street for 69 Bayswater Ave, Richmond Hill Ontario L4E 4E6

Sold 2 days ago

Sold for $1,562,000

$36K below asking

69 Bayswater Ave, Richmond Hill

Detached4+24- sq ft

Listed by INTERNATIONAL REALTY FIRM, INC.

Home with brick exterior material, street for 10 Westbourne Crt, Richmond Hill Ontario L4E 2M5

Sold 5 days ago

Sold for $1,715,000

10 Westbourne Crt, Richmond Hill

Detached432500-3000 sq ft

Listed by CENTURY 21 HERITAGE GROUP LTD.

Population and Demographics

Overview

Total population 22974

Average household income $160,739

Age (%)

0 to 19

26%

50 to 64

23%

35 to 49

23%

20 to 34

16%

65 and plus

12%

Household composition (%)

Single family

83%

Single person

13%

Multi person

2%

Multi family

2%

Mother tongue (%)

English

51%

Mandarin

11%

Iranian Persian

10%

Yue (Cantonese)

6%

Russian

6%

Italian

5%

Arabic

2%

Korean

1%

Spanish

1%

Others

1%

House tenancy (%)

Owners

86%

Renters

14%

Top 5 Schools in Oak Ridges

Bond Lake Public School245 Old Colony Road, L4E 5B9, Richmond Hill, ON

8.7/10

Public•JK-8

Our Lady of Hope Catholic Elementary School80 Red Cardinal Trail, L4E 4B8, Richmond Hill, ON

8/10

Public•JK-8

Father Frederick McGinn Catholic Elementary School61 Brockdale St, L4E 4W2, Richmond Hill, ON

7.6/10

Public•JK-8

Kettle Lakes Public School62 Kingshill Rd, L4E 4X5, Richmond Hill, ON

7.4/10

Public•JK-8

Our Lady of the Annunciation Catholic Elementary School30 Bayswater Ave, L4E 2L3, Richmond Hill, ON

7.4/10

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

Other transportation modes are needed to reach day-to-day needs

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

1/5

No grocery stores within walking distance

Nightlife

0/5

Few or no bars within walking distance

Shopping

1/5

Few or no shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance