Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
August 2025 · Richmond Hill
Richmond Hill Sold Home Prices for August 2025
178 residential properties closed in Richmond Hill in August 2025. Average sold price of $1,244,090. 75.8% of homes sold below asking — buyers have negotiating leverage.
Avg Sold Price $1,244,090
Median Price $1,165,000
Sale / List 98.1%
Over Asking 23.6%
Avg DOM 36 days
Previous Months
Total Sold
178
all residential
Avg Sold Price
$1,244,090
all types
Median Price
$1,165,000
mid-point
Sale / List
98.1%
avg ratio
Over Asking
23.6%
of all sales
Avg DOM
36
days on market
Prices by Property Type
Richmond Hill · August 2025
💰 Price Summary
Average Sold $1,244,090
Median Sold $1,165,000
Avg List Price $1,268,195
Lowest Sale $455,000
Highest Sale $5,080,000
Sale / List Ratio 98.1%
Luxury Sold
4
Avg Luxury
$3,251,625
Luxury Share
2.2%
📊 Competition
Sold over asking 23.6%
Sold at asking 0.6%
Sold under asking 75.8%
Avg Days on Market 36 days
Fast · 050Slow · 100+
🧊 Buyers market — 75.8% sold below asking. Avg 36 days on market.
💰 Price Summary
Average Sold $690,919
Median Sold $630,000
Avg List Price $697,115
Lowest Sale $455,000
Highest Sale $1,500,500
Sale / List Ratio 99.1%
Luxury Sold
1
Avg Luxury
$1,500,500
Luxury Share
2%
📊 Competition
Sold over asking 27.5%
Sold at asking 0.0%
Sold under asking 72.5%
Avg Days on Market 41 days
Fast · 050Slow · 100+
🧊 Buyers market — 72.5% sold below asking. Avg 41 days on market.
💰 Price Summary
Average Sold $1,593,414
Median Sold $1,496,000
Avg List Price $1,634,554
Lowest Sale $790,000
Highest Sale $5,080,000
Sale / List Ratio 97.5%
Luxury Sold
3
Avg Luxury
$3,835,333
Luxury Share
3.3%
📊 Competition
Sold over asking 21.7%
Sold at asking 0.0%
Sold under asking 78.3%
Avg Days on Market 35 days
Fast · 050Slow · 100+
🧊 Buyers market — 78.3% sold below asking. Avg 35 days on market.
💰 Price Summary
Average Sold $1,072,641
Median Sold $1,098,000
Avg List Price $1,069,973
Lowest Sale $750,000
Highest Sale $1,500,500
Sale / List Ratio 100.3%
Luxury Sold
1
Avg Luxury
$1,500,500
Luxury Share
2%
📊 Competition
Sold over asking 26.5%
Sold at asking 2.0%
Sold under asking 71.4%
Avg Days on Market 33 days
Fast · 050Slow · 100+
🧊 Buyers market — 71.4% sold below asking. Avg 33 days on market.
🏘
No multi-unit data for August 2025
There weren't enough multi-unit sales in
Richmond Hill this month to generate a summary.
Nearby Cities · August 2025
Average sold price across all residential property types
| City | Avg Sold | Median | Sale / List | DOM | Conditions |
|---|---|---|---|---|---|
| Markham | $1,127,488 | $1,065,000 | 98.2% | 34d | 🧊 Buyers |
| Vaughan | $1,179,459 | $1,160,000 | 97.1% | 34d | 🧊 Buyers |
| Aurora | $1,331,938 | $1,180,000 | 96.3% | 36d | 🧊 Buyers |
| Newmarket | $1,014,433 | $951,150 | 97.5% | 38d | 🧊 Buyers |
| Toronto | $1,016,394 | $810,000 | 97.1% | 35d | 🧊 Buyers |
| Whitchurch Stouffville | $1,263,686 | $1,130,000 | 96.1% | 42d | 🧊 Buyers |
Frequently Asked Questions
Richmond Hill · August 2025
The average sold price across all residential types in Richmond Hill was $1,244,090 in August 2025,
based on 178 closed transactions. The median was
$1,165,000.
Condos averaged $690,919, freehold averaged $1,593,414, and townhouses averaged $1,072,641.
The average Richmond Hill home took 36 days to sell in August 2025.
Freehold properties averaged 35 days while condos averaged 41 days.
In August 2025, condos averaged $690,919 while freehold homes averaged $1,593,414 —
a gap of $902,495.
Richmond Hill averaged $1,244,090 in August 2025. Whitchurch Stouffville averaged $1,263,686. Vaughan averaged $1,179,459. See the full August 2025 Ontario summary →
Looking to buy or sell in Richmond Hill?
Work with a Roofup agent and get cashback on your purchase. No hidden fees.
Data note: Based on MLS® resale transaction data held in our system for Richmond Hill, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making decisions.
