Richmond Hill, known for its affluence and proximity to Toronto, boasts a thriving real estate market that reflects both urban sophistication and suburban charm. Current Richmond-hill MLS® stats indicate an average house price of $1,829,907 and 277 new listings in the last 28 days. As of today, Richmond-hill housing data shows median days on the market for a home is 15 days.
1. Listings on Market:
The Richmond Hill real estate market offers a variety of housing options, including homes, townhomes, and condos.
Richmond Hill currently features 335 homes listed on the market, providing a diverse array of choices for residents and newcomers. These homes represent a blend of luxury and comfort, catering to discerning buyers.
For those seeking townhome living, Richmond Hill offers 90 listings, showcasing the appeal of this housing style with recent market changes.
Condos present 133 options for those looking for a more compact and maintenance-free living arrangement in this thriving suburban hub.
2. Average Listings Price in the Last Month:
The average listing prices for homes, townhomes, and condos over the past three months provide insights into the affordability and investment potential of these properties:
The average listing price for homes in the last three months stands at $2.2 million, reflecting the allure of Richmond Hill’s luxury residential offerings.
Richmond Hill’s townhome market has seen a robust 7.91% increase in the average listing price in the same period, signalling strong demand.
Condos maintain their affordability in Richmond Hill, with an average listing price of $708.6 thousand in the past three months.
3. Change in Average Listing Price:
Understanding the change in average listing prices unveils market dynamics:
The home market has experienced a noteworthy 5.86% increase in the average listing price, indicating a strong appreciation in property values.
The substantial 7.91% increase in the average listing price for townhomes showcases the growth in this housing segment.
Condos have seen a moderate 2.89% increase in the average listing price, reflecting stability and potential investment opportunities.
4. Average Sold Price in the Last Month:
The average sold price for homes, townhomes, and condos in the past three months reflects actual transaction values:
Homes in Richmond Hill have seen an average selling price of $2 million in the last three months, underlining the city’s attractiveness to high-end homebuyers.
The average sold price for townhomes in the past three months has remained steady at $1.2 million.
The condo market in Richmond Hill has experienced a 4.73% increase in the average sold price, indicating sustained demand and growth.
5. Change in Average Sold Price:
Analyzing the change in the average sold price provides insights into market dynamics:
The substantial 9.03% increase in the average sold price for homes reflects robust demand and strong appreciation in property values.
While the average sold price for townhomes has remained unchanged, it underscores the steady appeal of this housing segment.
Condos have witnessed a 4.73% increase in the average sold price, showcasing a dynamic and growing market.
Inventory & Sold Statistics:
In the past 60 days, the Richmond Hill real estate market has displayed vitality, with key statistics as follows:
There were 532 new home listings, with 178 homes sold during this period. The average days on the market for homes stood at 16 days, and the selling-to-listing price ratio was a solid 101.02%. These figures underscore the competitiveness and strength of Richmond Hill’s home market.
Richmond Hill recorded 183 new townhome listings and 74 townhomes sold in the last 60 days. With an average days on the market of 14 days and a selling-to-listing price ratio of 102.28%, this housing segment showcases efficiency and compelling pricing dynamics.
For condos, there were 245 new listings and 96 condos sold in the last 60 days. The average days on the market for condos was 19 days, and the selling-to-listing price ratio was a solid 100.51%. Condos remain an attractive component of Richmond Hill’s real estate landscape.
