Richmond Hill Real Estate Statistics

Richmond Hill real estate average sold price in the last 30 days (September 21 - October 20) was $1,485,798, which is $54,106 (3.6%) higher than the average price of $1,431,692 in the previous 30 day period (August 22 - September 20), and $162,720 (11.0%) up from the same period 1 year ago ($1,323,078). Richmond Hill real estate prices over the last 30 days are also $107,430 (7.2%) higher than the average selling price of $1,378,368 over the past year.

Richmond Hill average sold price for homes was $1,922,762 in the last 30 days (September 21 - October 20), which is $37,908 (2.0%) up from the average home price of $1,884,854 in the previous 30 day period (August 22 - September 20), and $119,309 (6.2%) higher than the same period 1 year ago ($1,803,453). In the last 30 days Richmond Hill the average home price was $87,602 (4.6%) higher than the average selling price of $1,835,160 over the last 12 months.

Average Richmond Hill condo sold price over the last 30 days (September 21 - October 20) was $628,605. During this period it was $23,159 (3.7%) up from the average price of condo of $605,446 during the previous 30 days (August 22 - September 20), and $53,135 (8.5%) lower compared to the same period 1 year ago ($681,740). In the last 30 days Richmond Hill the average condo price was $30,228 (4.8%) lower than the average selling price of $658,833 over the last year.

Average sold price of Richmond Hill townhouse was $1,133,692 in the last 30 days (September 21 - October 20), down $77,104 (6.8%) from the average townhome price of $1,210,796 over the previous 30 days (August 22 - September 20), and $30,340 (2.7%) lower than during to the same period 1 year ago ($1,164,032). Over the last 30 days the average townhouse price in Richmond Hill was $24,331 (2.1%) lower compared to the average selling price of $1,158,023 over the last 12 months.

Average selling price for Richmond Hill real estate was $1,485,798 in the last 30 days (September 21 - October 20), which is collectively $42,407 (2.9%) lower than the average asking price of $1,485,543. This represents a decline of $13,076 (44.6%) compared to $29,331 (1.8%) Sold-Under-Asking price from the previous 30 day period (August 22 - September 20).

The maximum Sold Over/Under Asking ratio in Richmond Hill during the last 12 months was recorded in March, 2024 with an average of $47,999 over the asking price, while the minimum occurring in December, 2023 with $44,887 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Richmond Hill was 36.0% with 192 properties sold and 549 new properties listed in the past 30 days (September 21 - October 20). This represents an increase from 30.8% recorded during the previous 30 day period (August 22 - September 20), and an increase from 34.5% compared to the same period one year ago.

Over the the last year the highest SNLR in Richmond Hill was 103.7% recorded in December and the lowest was in September at 26.9%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 192 properties that were successfully sold in Richmond Hill in the last 30 days (September 21 - October 20) was 28 days, which is 4 days less than 32 days average in the previous 30 day period (August 22 - September 20) and 13 days longer than during the same period a year ago (15 days).

There were 345 delisted properties in Richmond Hill, those that got either Expired, Suspended or Terminated over the last 30 days (September 21 - October 20) with an average of 63 days on the market. This is 1 days longer than the average of 62 days during the previous 30 day period (August 22 - September 20) and 25 days more compared to the same period last year average of 38 days on the market.

345 Richmond Hill properties that didn't sell stayed on the market 125.0% longer than 192 that sucessfully sold over the last 30 days - 28 days when sold vs 63 days when delisted respectively.

Average Days on the Market in Richmond Hill over the past 12 months for properties that have sold was 25.2 days, with 54.0 days for those properties that did not sell.

533 new properties were listed on the market in Richmond Hill in the last 30 days (September 21 - October 20). During the same time 192 properties were sold and 345 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 4 properties (or 0.8%).

During the previous 30 day period (August 22 - September 20) there were 549 new properties listed, 169 sold and 359 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 629 new properties listed, the slowest - December with 108 new listings and a yearly average of 440 new listings per month.

There were a total of 304 homes listed during the last 30 days (September 21 - October 20), which is 57.0% of all properties listed in Richmond Hill. This is a 4.4% decline compared with a previous 30 day period (August 22 - September 20) and 1.0% up from the same period a year ago. Over the past year an average of 236 homes are were listed per month.

112 condo units were listed in the last 30 days (September 21 - October 20) in Richmond Hill, which represents 21.0% of all new listings. This is up 7.7% from the prior 30 day period (August 22 - September 20) and 9.7% less compared to the same period last year. There were 107 condos listed per month on average during the last 12 months.

117 townhomes were listed over the last 30 days (September 21 - October 20) in Richmond Hill, which is 22.0% of all new real estate inventory. This is a 7.9% less than during the previous 30 day period (August 22 - September 20) and 14.7% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 97 a month.

There were a total of 110 homes sold during the last 30 days (September 21 - October 20), which is 57.3% of all properties sold in Richmond Hill. This is a 17.0% increase compared with a previous 30 day period (August 22 - September 20) and 27.9% up from the same period a year ago. Over the past year an average of 92 homes are were sold per month.

38 condo units were sold in the last 30 days (September 21 - October 20) in Richmond Hill, which represents 19.8% of all sold properties. This is down 11.6% from the prior 30 day period (August 22 - September 20) and 29.6% less compared to the same period last year. There were 46 condos sold per month on average during the last 12 months.

44 townhomes were sold over the last 30 days (September 21 - October 20) in Richmond Hill, which is 22.9% of all sold real estate. This is a 37.5% more than during the previous 30 day period (August 22 - September 20) and 4.8% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 42 a month.