Richmond Hill Real Estate Statistics

Richmond Hill real estate average sold price in the last 30 days (October 21 - November 19) was $1,362,278, which is $123,520 (9.1%) lower than the average price of $1,485,798 in the previous 30 day period (September 21 - October 20), and $45,791 (3.4%) down from the same period 1 year ago ($1,408,069). Richmond Hill real estate prices over the last 30 days are also $30,632 (2.2%) lower than the average selling price of $1,392,910 over the past year.

Richmond Hill average sold price for homes was $1,728,708 in the last 30 days (October 21 - November 19), which is $194,054 (11.2%) down from the average home price of $1,922,762 in the previous 30 day period (September 21 - October 20), and $36,780 (2.1%) lower than the same period 1 year ago ($1,765,488). In the last 30 days Richmond Hill the average home price was $118,792 (6.9%) lower than the average selling price of $1,847,500 over the last 12 months.

Average Richmond Hill condo sold price over the last 30 days (October 21 - November 19) was $636,795. During this period it was $8,190 (1.3%) up from the average price of condo of $628,605 during the previous 30 days (September 21 - October 20), and $36,377 (5.7%) lower compared to the same period 1 year ago ($673,172). In the last 30 days Richmond Hill the average condo price was $20,464 (3.2%) lower than the average selling price of $657,259 over the last year.

Average sold price of Richmond Hill townhouse was $1,162,518 in the last 30 days (October 21 - November 19), up $28,826 (2.5%) from the average townhome price of $1,133,692 over the previous 30 days (September 21 - October 20), and $14,504 (1.2%) higher than during to the same period 1 year ago ($1,148,014). Over the last 30 days the average townhouse price in Richmond Hill was $3,395 (0.3%) higher compared to the average selling price of $1,159,123 over the last 12 months.

Average selling price for Richmond Hill real estate was $1,362,278 in the last 30 days (October 21 - November 19), which is collectively $12,228 (0.8%) lower than the average asking price of $1,440,979. This represents an increase of $30,179 (71.2%) compared to $42,407 (2.9%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 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 50.2% with 214 properties sold and 533 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 36.0% recorded during the previous 30 day period (September 21 - October 20), and an increase from 34.9% 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 214 properties that were successfully sold in Richmond Hill in the last 30 days (October 21 - November 19) was 28 days, which is 0 days more than 28 days average in the previous 30 day period (September 21 - October 20) and 6 days longer than during the same period a year ago (22 days).

There were 401 delisted properties in Richmond Hill, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 58 days on the market. This is 5 days shorter than the average of 63 days during the previous 30 day period (September 21 - October 20) and 13 days more compared to the same period last year average of 45 days on the market.

401 Richmond Hill properties that didn't sell stayed on the market 107.1% longer than 214 that sucessfully sold over the last 30 days - 28 days when sold vs 58 days when delisted respectively.

Average Days on the Market in Richmond Hill over the past 12 months for properties that have sold was 25.9 days, with 55.7 days for those properties that did not sell.

426 new properties were listed on the market in Richmond Hill in the last 30 days (October 21 - November 19). During the same time 214 properties were sold and 401 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 189 properties (or 44.4%).

During the previous 30 day period (September 21 - October 20) there were 533 new properties listed, 192 sold and 345 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 441 new listings per month.

There were a total of 231 homes listed during the last 30 days (October 21 - November 19), which is 54.2% of all properties listed in Richmond Hill. This is a 24.0% decline compared with a previous 30 day period (September 21 - October 20) and 10.0% up from the same period a year ago. Over the past year an average of 237 homes are were listed per month.

101 condo units were listed in the last 30 days (October 21 - November 19) in Richmond Hill, which represents 23.7% of all new listings. This is down 9.8% from the prior 30 day period (September 21 - October 20) and 2.9% less compared to the same period last year. There were 106 condos listed per month on average during the last 12 months.

94 townhomes were listed over the last 30 days (October 21 - November 19) in Richmond Hill, which is 22.1% of all new real estate inventory. This is a 19.7% less than during the previous 30 day period (September 21 - October 20) and 19.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 98 a month.

There were a total of 121 homes sold during the last 30 days (October 21 - November 19), which is 56.5% of all properties sold in Richmond Hill. This is a 10.0% increase compared with a previous 30 day period (September 21 - October 20) and 51.2% up from the same period a year ago. Over the past year an average of 96 homes are were sold per month.

49 condo units were sold in the last 30 days (October 21 - November 19) in Richmond Hill, which represents 22.9% of all sold properties. This is up 28.9% from the prior 30 day period (September 21 - October 20) and 69.0% more compared to the same period last year. There were 45 condos sold per month on average during the last 12 months.

44 townhomes were sold over the last 30 days (October 21 - November 19) in Richmond Hill, which is 20.6% of all sold real estate. This is a 0.0% less than during the previous 30 day period (September 21 - October 20) and 57.1% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 42 a month.