Buying in Richmond Hill
Richmond Hill real estate: avg price $1,166,816 in Feb 2026. Diverse city with great schools, GO Transit, and future subway. York Region market insights.
Avg. Price
$1,166,816
-2.0% YoY
Median Price
$1,100,000
Sales / Month
121
Feb 2026
Days on Market
57
Buyer's Market
The Vibe
Richmond Hill sits at York Region's crossroads, offering a mature suburban landscape with deep multicultural roots. The city appeals to buyers who want established neighbourhoods, excellent schools, and diverse dining options spanning Chinese, Persian, and Lebanese cuisines. With the planned Yonge subway extension, transit-oriented properties near Yonge Street could see significant appreciation.
Who Lives Here
- Population
- 202,022
- Growth
- +3.0% (2016-2021)
- Median Income
- $110,000
- Ownership Rate
- 82.8%
- Avg. Household Size
- 3.1
- Median Age
- 42
Community
Source: Census 2021, Statistics Canada
Who It's Good For
The types of buyers who tend to thrive in Richmond Hill.
Multicultural Families
One of the GTA's most diverse cities with excellent cultural amenities, international dining, and inclusive community programming.
GO Line Commuters
The Richmond Hill GO line and future Yonge subway extension make downtown Toronto very accessible.
Move-Up Buyers
Spacious homes in established neighbourhoods with top schools and green spaces for growing families.
Price Breakdown by Home Type
Average selling prices in Richmond Hill based on TRREB MLS data for February 2026.
| Home Type | Average Price | YoY Change |
|---|---|---|
| Detached | $1,600,000 | -1.8% |
| Semi-Detached | $1,050,000 | -2.5% |
| Townhouse | $920,000 | -3.0% |
| Condo Apartment | $610,000 | -4.8% |
Source: Toronto Regional Real Estate Board (TRREB), Market Watch February 2026. Year-over-year change compared to February 2025.
Market Health
Key indicators showing whether Richmond Hill currently favours buyers or sellers.
SNLR
28.7%
Buyer's Market
Below 40% = buyer's market
Months of Inventory
6.4
High supply — more negotiating power
Avg. SP/LP
97%
Below asking — room to negotiate
Days on Market
40
LDOM
57
PDOM
Listing vs. property days on market
Neighbourhoods in Richmond Hill
Richmond Hill encompasses several distinct communities, each with its own character and housing stock.
Oak Ridges
Premium area on the moraine with larger lots, Lake Wilcox, and a village-feel commercial strip.
South Richvale
Closest to Toronto with older homes on large lots, walkable to TTC connections.
Bayview Hill
Prestigious enclave with executive homes and top-rated schools.
Observatory
Named after the Dunlap Observatory, featuring mature trees and mid-century homes.
Elgin Mills
Growing area in the north with newer developments and good value for families.
Richmond Hill Village
Historic core near Yonge and Major Mackenzie with heritage character and walkability.
Also known as
Richmond Hill Village · Oak Ridges · South Richvale · Bayview Hill · Observatory · Elgin Mills
Getting Around
Transit, walkability, and commute information for Richmond Hill.
Richmond Hill is served by YRT/Viva rapid transit, the Richmond Hill GO line, and will benefit from the planned Yonge North Subway Extension.
Major Transit Lines
Commute to Downtown Toronto: 40-50 min by GO Train; 35-50 min by car via 404
48
Walk Score
42
Transit Score
40
Bike Score
Local Scene
What's on your doorstep when you buy in Richmond Hill.
Food & Dining
Terracotta
Upscale Italian fine dining in a beautiful heritage house
Richmond Hill Live Lobster
Fresh Chinese-style lobster and seafood
Saba's
Popular Persian kebab and rice dishes
Q Mongolian Hot Pot
Premium hot pot experience on Leslie
Mezza Lebanese Kitchen
Fresh Lebanese cuisine on Yonge Street
T&T Supermarket Dining
Asian food court within the supermarket on Highway 7
Attractions & Amenities
Richmond Hill Centre for the Performing Arts
350-seat theatre with concerts, comedy, and cultural shows
Richmond Green Sports Centre
Premier recreation complex with fields, splash pad, and skate park
Lake Wilcox Park
Beautiful lake park in Oak Ridges with beach, boardwalk, and canoe rentals
Mill Pond Park
Historic pond with walking trails in the village core
Hillcrest Mall
Shopping destination with major retailers and dining
David Dunlap Observatory
Heritage astronomical observatory with public stargazing events
Schools
School options available for families buying in Richmond Hill.
38
Public Schools
12
Catholic Schools
6
French Immersion
8
Private Schools
Frequently Asked Questions
Common questions from buyers considering Richmond Hill.
As of February 2026, the average home price in Richmond Hill is $1,166,816 with a median of $1,100,000. Detached homes average around $1.6M, while condos start near $610K.
Nearby Areas
Explore other areas close to Richmond Hill.
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