Richmond Hill Real Estate Market Trend: May 2025

The Richmond Hill real estate market remained active in May 2025, with steady buyer demand and a healthy flow of new listings. In May, 757 new listings for sale in Richmond Hill hit the market and 152 homes were sold in Richmond Hill at an average price of $1,478,294. By the end of the month, 1,191 active listings for sale in Richmond Hill were available, reflecting ongoing competition and buyer confidence.

Detached homes in Richmond Hill led the market with 80 sales, followed by townhomes in Richmond Hill (27), semi-detached homes in Richmond Hill (6), and condo apartment in Richmond Hill (31).

Richmond Hill Real Estate Market Stats for May 2025

Property Type	Homes Sold	New Listings	Active Listings	Average Price
All home types in Richmond Hill	152	757	1,191	$1,478,294
Detached homes in Richmond Hill	80	378	620	$1,992,959
Townhomes in Richmond Hill	27	125	175	$1,175,040
Semi-detached homes in Richmond Hill	6	28	45	$1,244,050
Condo apartment in Richmond Hill	31	178	276	$611,274

What’s Happening in Richmond Hill’s Housing Market?

Active Market: 152 homes sold in Richmond Hill in May 2025, with 757 new listings in Richmond Hill providing buyers with plenty of choice.
Strong Prices: The average sale price was $1,478,294, and the median was $1,268,750.
Quick Sales: Homes spent just 31 days on the market on average, showing continued demand.
Seller’s Advantage: With 5.3 months of inventory and a sale-to-list price ratio of 0.97, Richmond Hill remains a competitive market for sellers.

What Does This Mean for You?

For Buyers:

With more homes for sale in Richmond Hill, you have a better chance to find your ideal property—whether it’s a detached home in Richmond Hill, townhome in Richmond Hill, condo apartment in Richmond Hill, or semi-detached home in Richmond Hill. Be ready to act quickly and make competitive offers.

For Sellers:
With steady demand and a healthy number of buyers, now is an excellent time to list your Richmond Hill home for sale. Well-presented and correctly priced homes are attracting attention and selling fast.

Explore Richmond Hill Resale Listings

Ready to find your next home? Browse the latest resale listings in Richmond Hill by property type:

Richmond Hill New Build & Pre-Construction Homes (2025)

If you're looking for new build or pre-construction homes for sale in Richmond Hill, Homebaba and CondoMonk have an updated list of all pre-construction homes for sale in Richmond Hill.

Source:
TRREB Market Watch, May 2025 : https://trreb.ca/wp-content/files/market-stats/market-watch/mw2505.pdf

Disclaimer: The content above is a compilation from diverse reliable online sources, including blogs and news articles. The Homebaba.ca content team does not ensure the factual accuracy of the information. The provided information may be outdated, and it should not be considered as advice or a recommendation. It is advisable to consult with a licensed real estate agent or broker for accurate advice and recommendations.