Richmond Hill: March 2025 Real Estate Market Report
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Richmond Hill Real Estate Market Update—March 2025
Richmond Hill's housing market in March 2025 was relatively stable, with some affordable condos and a healthy detached housing market. Here's the insider's scoop on what buyers and investors should know according to current data.
Market Summary Table
| Property Type | Sales | Dollar Volume | Average Price | Median Price | New Listings | Active Listings |
|---|---|---|---|---|---|---|
| All Property Types | 146 | $177,326,774 | $1,214,567 | $1,187,000 | 617 | 927 |
| Detached Homes | 54 | $94,839,451 | $1,756,286 | $1,673,000 | 310 | 487 |
| Semi-Detached Homes | 4 | $4,731,000 | $1,182,750 | $1,131,500 | 19 | 28 |
| Townhomes | 36 | $42,920,823 | $1,192,245 | $1,185,250 | 106 | 130 |
| Condo Apartments | 42 | $25,197,000 | $599,929 | $574,000 | 134 | 216 |
All Home Types
146 homes were sold in Richmond Hill with a dollar volume of $177.3 million. The average home price was $1,214,567, and the median was $1,187,000. There were 617 new listings and 927 active listings, which show high market activity.
Detached Homes in Richmond Hill
Detached homes continue to lead in price and volume. In March 2025:
- 54 homes sold, with a total volume of $94.8 million
- Average price: $1,756,286
- Median price: $1,131,500
- New listings: 19 | Active listings: 28
Detached homes in Richmond Hill remain highly desirable, especially for families and long-term investors looking for stable value and space.
Semi-Detached Homes in Richmond Hill
- 4 homes sold, with a total volume of $4.7 million
- Average price: $1,182,750
- Median price: $1,673,000
- New listings: 310 | Active listings: 487
Buyers looking for more space than a condo but lower costs than a detached may want to act quickly in this segment.
Townhomes in Richmond Hill
Townhomes offer a mid-range option and are performing well:
- 36 sales in April
- Average price: $1,192,245
- Median price: $1,185,250
- 106 new listings and 130 active listings
With prices staying just above $1.1M, townhomes are ideal for those upgrading from condos or downsizing from detached homes.
Condo Apartments in Richmond Hill
Condos continue to attract first-time buyers and investors:
- 42 units sold
- Average price: $599,929
- Median price: $574,000
- 134 new listings and 216 active listings
Condo apartments remain the most affordable entry into the Richmond Hill market and are perfect for investors targeting rental income or buyers looking for urban-style living.
Looking Ahead
Richmond Hill's market continues to offer a variety of housing options, with townhomes and condos presenting more affordable alternatives. Whether you're searching for detached homes in Richmond Hill or looking into condos for sale in Richmond Hill, April’s data shows strong inventory and opportunity.
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