Market report
Richmond Hill Real Estate Market
In June 2026, the average Richmond Hill home sold for about $1.24M (down 4.1% year-over-year), while across the GTA sales jumped 9.4% and new listings fell 12.9% — a market starting to tighten again. Here's the plain-English read on prices by home type, and what it means for you as a buyer or seller.
Richmond Hill market snapshot: June 2026
In June 2026, the average Richmond Hill home sold for $1,241,949 — down about 4.1% from a year earlier, with an MLS® benchmark price of roughly $1,166,400. Zoom out to the GTA and the story is a market tightening after a long, slow correction: home sales rose 9.4% year-over-year while new listings fell 12.9%. Fewer homes for sale plus more buyers is what firms prices back up over time.
Richmond Hill home prices by type
A city-wide average hides more than it reveals, because a condo and a detached home live in different worlds. Here's the June 2026 breakdown by home type.
| Home type | Average sold price | Year-over-year |
|---|---|---|
| Detached | $1,685,722 | −3.5% |
| Semi-detached | $1,104,870 | −1.3% |
| Freehold townhouse | $1,016,833 | −11.8% |
| Condo townhouse | $731,478 | −10.9% |
| Condo apartment | $532,418 | −10.5% |
| All home types | $1,241,949 | −4.1% |
Source: TRREB Market Watch, June 2026 (released July 3, 2026); Richmond Hill by-type figures reflect TRREB data via WOWA. Averages move month to month and by pocket — for a precise number on your home, get a free valuation.
What's driving the Richmond Hill market
- Schools. Richmond Hill has some of the highest-ranked public schools in Ontario. Buyers pay a premium to live in the right catchment — a big factor in areas like Bayview Hill.
- Transit. GO Transit, VIVA rapid transit, and the coming Yonge North Subway Extension are pulling demand toward central and southern pockets like Richvale and the Richmond Hill Centre area.
- Limited land. Much of Richmond Hill is built out or protected by the Oak Ridges Moraine, so new supply is constrained — which supports prices over time.
- Location. Quick access to Toronto and Highway 404/407 keeps Richmond Hill on the shortlist for commuters and families moving north from the city.
Detached vs condo: two different markets
Detached homes in strong school zones tend to hold value and attract competition, especially when inventory is tight. The condo and townhome segment is more sensitive to interest rates and investor activity, which can mean more choice — and more room to negotiate — for buyers. If you're weighing options, compare Richmond Hill condos and townhomes against freehold.
Buyer's market or seller's market?
Heading into the second half of 2026, the balance is tilting back toward sellers: GTA sales are up 9.4% year-over-year while new listings are down 12.9%, and TRREB notes the annual rate of price decline "has receded over the past few months." Even so, it depends on the price band and pocket — a renovated detached in a top catchment can draw multiple offers while a higher-end listing down the street sits. We read your segment — your street, your price band, this month — before you list or offer.
What this means for you
Selling? Pricing from current sold data is everything. Start with a free valuation, then see how to sell for top dollar.
Buying? Get set up for new-listing alerts and lean on local knowledge to move fast and offer smart. Start on our buying a home in Richmond Hill page.
Thinking of making a move in Richmond Hill?
Get a free, no-obligation home valuation or talk to a trusted local agent. No pressure, no spam — just straight answers about your options.
Richmond Hill market: FAQ
What is the average home price in Richmond Hill?
In June 2026 the average Richmond Hill home sold for $1,241,949 (TRREB), down about 4.1% year-over-year. It varies widely by type — detached averaged about $1.69M while condo apartments averaged about $532K. See the table above, and request a valuation for your specific address.
Is Richmond Hill a buyer's or seller's market?
As of mid-2026 it is tilting back toward sellers — GTA sales are up 9.4% year-over-year while new listings are down 12.9%. It still varies by price band and neighbourhood: detached homes in top school zones often favour sellers, while higher-end and some condo segments give buyers more room. We read your specific segment before you make a move.
Are Richmond Hill home prices going up or down?
As of June 2026, prices are modestly below a year ago, but the rate of decline has been easing while sales climb and listings tighten — signs the market is firming. Over the long run Richmond Hill stays one of York Region's most in-demand markets thanks to schools, transit, and limited land, so we track sold data weekly rather than rely on year-old headlines.
What is driving demand in Richmond Hill?
Top-ranked schools, GO Transit and the coming Yonge North Subway Extension, proximity to Toronto, strong immigration to York Region, and limited developable land all keep demand high — especially for detached homes and well-located condos.
How often is this market data updated?
We refresh our read on the market regularly from local sold data. For the most current, address-specific picture, the best step is a free valuation or a quick call.
Thinking of making a move in Richmond Hill?
Get a free, no-obligation home valuation or talk to a trusted local agent. No pressure, no spam — just straight answers about your options.