Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Toronto Sold Land Prices — May 2025
3 land parcels sold in Toronto in May 2025. Average sold price $1,360,000. 66.7% sold below asking — buyers have negotiating room.
| City | Avg Sold | Median | Sale / List | DOM | Market |
|---|---|---|---|---|---|
| Richmond Hill | $755,000 | $755,000 | 97.4% | 22d | 🧊 Buyers |
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3 land parcels sold in Toronto in May 2025. The average sold price was $1,360,000 and the median was $1,055,000. The average is 28.9% higher than the median.
33.3% of land parcels in Toronto sold above asking in May 2025, with an average sale-to-list ratio of 103.7%. On average, parcels sold 3.7% above the listed price.
Land in Toronto took an average of 21 days to sell in May 2025, which is exceptionally fast for land. Land transactions typically involve zoning checks, environmental assessments, surveys, and financing — which extend the timeline compared to home sales.
In May 2025, land in Toronto sold between $725,000 and $2,300,000. This includes lots, acreage, and agricultural parcels. The average sold price was $1,360,000 and the median was $1,055,000.
The average land sale price in Toronto in May 2025 was $1,360,000, which is $750,743 above the Ontario average of $609,257. The Ontario average for the same period was $609,257.
Data note: Based on MLS® land sale transaction data for Toronto, Ontario. Not official TRREB or CREA data. For general research only.
