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May 2025 · Richmond Hill
Richmond Hill Sold Home Prices for May 2025
137 residential properties closed in Richmond Hill in May 2025. Average sold price of $1,274,560. 70.1% of homes sold below asking — buyers have negotiating leverage.
Avg Sold Price $1,274,560
Median Price $1,200,000
Sale / List 100.1%
Over Asking 28.5%
Avg DOM 85 days
Total Sold
137
all residential
Avg Sold Price
$1,274,560
all types
Median Price
$1,200,000
mid-point
Sale / List
100.1%
avg ratio
Over Asking
28.5%
of all sales
Avg DOM
85
days on market
Prices by Property Type
Richmond Hill · May 2025
💰 Price Summary
Average Sold $1,274,560
Median Sold $1,200,000
Avg List Price $1,272,986
Lowest Sale $425,000
Highest Sale $4,725,000
Sale / List Ratio 100.1%
Luxury Sold
3
Avg Luxury
$3,581,025
Luxury Share
2.2%
📊 Competition
Sold over asking 28.5%
Sold at asking 1.5%
Sold under asking 70.1%
Avg Days on Market 85 days
Fast · 050Slow · 100+
🧊 Buyers market — 70.1% sold below asking. Avg 85 days on market.
💰 Price Summary
Average Sold $671,604
Median Sold $652,000
Avg List Price $675,859
Lowest Sale $425,000
Highest Sale $1,100,000
Sale / List Ratio 99.4%
📊 Competition
Sold over asking 20.0%
Sold at asking 2.2%
Sold under asking 77.8%
Avg Days on Market 79 days
Fast · 050Slow · 100+
🧊 Buyers market — 77.8% sold below asking. Avg 79 days on market.
💰 Price Summary
Average Sold $1,814,421
Median Sold $1,639,000
Avg List Price $1,822,938
Lowest Sale $906,508
Highest Sale $4,725,000
Sale / List Ratio 99.5%
Luxury Sold
3
Avg Luxury
$3,581,025
Luxury Share
5.4%
📊 Competition
Sold over asking 28.6%
Sold at asking 1.8%
Sold under asking 69.6%
Avg Days on Market 94 days
Fast · 050Slow · 100+
🧊 Buyers market — 69.6% sold below asking. Avg 94 days on market.
💰 Price Summary
Average Sold $1,126,546
Median Sold $1,154,000
Avg List Price $1,104,928
Lowest Sale $709,000
Highest Sale $1,415,000
Sale / List Ratio 102.0%
📊 Competition
Sold over asking 36.4%
Sold at asking 0.0%
Sold under asking 63.6%
Avg Days on Market 80 days
Fast · 050Slow · 100+
🧊 Buyers market — 63.6% sold below asking. Avg 80 days on market.
🏘
No multi-unit data for May 2025
There weren't enough multi-unit sales in
Richmond Hill this month to generate a summary.
Nearby Cities · May 2025
Average sold price across all residential property types
| City | Avg Sold | Median | Sale / List | DOM | Conditions |
|---|---|---|---|---|---|
| Markham | $1,194,079 | $1,197,500 | 101.4% | 78d | 🧊 Buyers |
| Vaughan | $1,254,515 | $1,179,000 | 97.9% | 80d | 🧊 Buyers |
| Aurora | $1,335,294 | $1,100,000 | 100.5% | 91d | 🧊 Buyers |
| Newmarket | $1,109,773 | $1,072,000 | 98.2% | 88d | 🧊 Buyers |
| Toronto | $1,134,079 | $899,500 | 99.9% | 78d | 🧊 Buyers |
| Whitchurch Stouffville | $1,286,947 | $1,155,000 | 98.6% | 84d | 🧊 Buyers |
Frequently Asked Questions
Richmond Hill · May 2025
The average sold price across all residential types in Richmond Hill was $1,274,560 in May 2025,
based on 137 closed transactions. The median was
$1,200,000.
Condos averaged $671,604, freehold averaged $1,814,421, and townhouses averaged $1,126,546.
The average Richmond Hill home took 85 days to sell in May 2025.
Freehold properties averaged 94 days while condos averaged 79 days.
In May 2025, condos averaged $671,604 while freehold homes averaged $1,814,421 —
a gap of $1,142,817.
Richmond Hill averaged $1,274,560 in May 2025. Whitchurch Stouffville averaged $1,286,947. Vaughan averaged $1,254,515. See the full May 2025 Ontario summary →
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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.
