Richmond Hill Real Estate Statistics

Richmond Hill real estate average sold price in the last 30 days (January 21 - February 19) was $1,435,315, which is $173,296 (12.1%) higher than the average price of $1,262,019 in the previous 30 day period (December 22 - January 20), and $159,173 (11.1%) up from the same period 1 year ago ($1,276,142). Richmond Hill real estate prices over the last 30 days are also $20,909 (1.5%) higher than the average selling price of $1,414,406 over the past year.

Richmond Hill average sold price for homes was $1,854,517 in the last 30 days (January 21 - February 19), which is $122,834 (6.6%) up from the average home price of $1,731,683 in the previous 30 day period (December 22 - January 20), and $59,467 (3.2%) higher than the same period 1 year ago ($1,795,050). In the last 30 days Richmond Hill the average home price was $26,891 (1.5%) lower than the average selling price of $1,881,408 over the last 12 months.

Average Richmond Hill condo sold price over the last 30 days (January 21 - February 19) was $643,323. During this period it was $15,523 (2.4%) up from the average price of condo of $627,800 during the previous 30 days (December 22 - January 20), and $27,035 (4.2%) lower compared to the same period 1 year ago ($670,358). In the last 30 days Richmond Hill the average condo price was $1,295 (0.2%) higher than the average selling price of $642,028 over the last year.

Average sold price of Richmond Hill townhouse was $1,066,442 in the last 30 days (January 21 - February 19), down $47,342 (4.4%) from the average townhome price of $1,113,784 over the previous 30 days (December 22 - January 20), and $94,221 (8.8%) lower than during to the same period 1 year ago ($1,160,663). Over the last 30 days the average townhouse price in Richmond Hill was $83,950 (7.9%) lower compared to the average selling price of $1,150,392 over the last 12 months.

Average selling price for Richmond Hill real estate was $1,435,315 in the last 30 days (January 21 - February 19), which is collectively $6,345 (0.4%) lower than the average asking price of $1,498,016. This represents an increase of $14,516 (69.6%) compared to $20,861 (1.4%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Richmond Hill during the last 12 months was recorded in April, 2024 with an average of $35,982 over the asking price, while the minimum occurring in October, 2024 with $37,982 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 28.4% with 124 properties sold and 241 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 39.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 52.1% compared to the same period one year ago.

Over the the last year the highest SNLR in Richmond Hill was 111.4% 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 124 properties that were successfully sold in Richmond Hill in the last 30 days (January 21 - February 19) was 26 days, which is 16 days less than 42 days average in the previous 30 day period (December 22 - January 20) and 1 days longer than during the same period a year ago (25 days).

There were 187 delisted properties in Richmond Hill, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 72 days on the market. This is 14 days shorter than the average of 86 days during the previous 30 day period (December 22 - January 20) and 0 days more compared to the same period last year average of 72 days on the market.

187 Richmond Hill properties that didn't sell stayed on the market 176.9% longer than 124 that sucessfully sold over the last 30 days - 26 days when sold vs 72 days when delisted respectively.

Average Days on the Market in Richmond Hill over the past 12 months for properties that have sold was 28.2 days, with 58.4 days for those properties that did not sell.

436 new properties were listed on the market in Richmond Hill in the last 30 days (January 21 - February 19). During the same time 124 properties were sold and 187 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 125 properties (or 28.7%).

During the previous 30 day period (December 22 - January 20) there were 241 new properties listed, 94 sold and 276 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 158 new listings and a yearly average of 468 new listings per month.

There were a total of 238 homes listed during the last 30 days (January 21 - February 19), which is 54.6% of all properties listed in Richmond Hill. This is a 85.9% increase compared with a previous 30 day period (December 22 - January 20) and 45.1% up from the same period a year ago. Over the past year an average of 256 homes are were listed per month.

104 condo units were listed in the last 30 days (January 21 - February 19) in Richmond Hill, which represents 23.9% of all new listings. This is up 73.3% from the prior 30 day period (December 22 - January 20) and 31.6% more compared to the same period last year. There were 108 condos listed per month on average during the last 12 months.

94 townhomes were listed over the last 30 days (January 21 - February 19) in Richmond Hill, which is 21.6% of all new real estate inventory. This is a 77.4% more than during the previous 30 day period (December 22 - January 20) and 5.6% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 104 a month.

There were a total of 72 homes sold during the last 30 days (January 21 - February 19), which is 58.1% of all properties sold in Richmond Hill. This is a 67.4% increase compared with a previous 30 day period (December 22 - January 20) and 2.7% down from the same period a year ago. Over the past year an average of 99 homes are were sold per month.

26 condo units were sold in the last 30 days (January 21 - February 19) in Richmond Hill, which represents 21.0% of all sold properties. This is down 0.0% from the prior 30 day period (December 22 - January 20) and 52.7% less compared to the same period last year. There were 44 condos sold per month on average during the last 12 months.

26 townhomes were sold over the last 30 days (January 21 - February 19) in Richmond Hill, which is 21.0% of all sold real estate. This is a 4.0% more than during the previous 30 day period (December 22 - January 20) and 40.9% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 44 a month.