Richmond Hill Real Estate Trends – Q2 2025
📊 Market Overview
- Average Sold Price: $1.3M Up 6.8% month-over-month and 9.4% quarterly, showing a steady rebound in home values.
- Median Price: $1.205M in July Down 6.9% year-over-year, but still up 27% over five years, indicating long-term growth.
🏠 Property Type Breakdown
| Property Type | Avg. Price | Quarterly Change | Yearly Change |
|---|
| 2-Bed Homes | $1.3M | +8% | N/A |
| 3-Bed Homes | $1.3M | -13% | $1.5M → $1.3M |
| 4-Bed Homes | $1.7M | -15% | $2.0M → $1.7M |
| 5-Bed Homes | $2.2M | -15% | $2.6M → $2.2M |
Note: Price shifts reflect changes in the mix of homes sold, with more budget-friendly properties entering the market.
📈 Inventory & Sales Activity
- New Listings: 492 homes listed in the last 28 days
- Homes Sold: 168 properties sold
- Average Days on Market: 33 days
- Sale-to-List Price Ratio: 98% — indicating strong buyer demand
🏘️ Market Dynamics
- Detached Homes: Still dominate listings and sales, but prices have softened slightly
- Townhouses & Condos: Gaining popularity due to affordability
- Investor Activity: Remains steady, with some properties listed for rent immediately after purchase
🔥 Hot Neighborhoods
- Oak Ridges and Rouge Woods continue to attract buyers, with multiple homes selling above asking price within days
💡 What This Means for Buyers & Sellers
- For Buyers: The market is competitive but stabilizing. With prices adjusting and inventory rising, now may be a good time to explore options—especially in the townhouse and condo segments.
- For Sellers: Homes are selling faster and closer to asking price. Proper pricing and presentation are key to maximizing value.
Insights from Sam Ansari
Mortgage Broker | Centum Financial Services LP 📍 11160 Yonge Street, Richmond Hill, ON
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