Richmond Hill: May 2025 Real Estate Market Report
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Richmond Hill Real Estate Market Report—May 2025
The Richmond Hill real estate market was quite steady in May 2025, with a nice mix of types of properties selling. Based on what I could glean from recent statistics, sellers and buyers were really getting involved, especially with detached homes and condominiums. Let's take a closer look at the numbers:
Market Summary by Property Type
| Property Type | Sales | Dollar Volume | Average Price | Median Price | New Listings | Active Listings |
|---|---|---|---|---|---|---|
| All Types | 152 | $224,700,622 | $1,478,294 | $1,268,750 | 757 | 1,191 |
| Detached | 80 | $159,436,734 | $1,992,959 | $1,620,000 | 378 | 620 |
| Semi-Detached | 6 | $7,464,300 | $1,244,050 | $1,273,750 | 28 | 45 |
| Townhomes | 27 | $31,726,088 | $1,175,040 | $1,201,000 | 125 | 175 |
| Condo Apartments | 31 | $18,949,500 | $611,274 | $592,000 | 178 | 276 |
- Detached Homes are leading the market with 80 sales and an average price nearing $2 million, which shows high demand among luxury buyers.
- Condo Apartments are the most affordable option in the market, with 31 units sold at an average price of just over $ 611 K.
- Townhomes and Semi-Detached Homes cater to mid-range buyers, both seeing moderate activity and pricing around the $1.2M range.
- Overall Inventory remains strong with 1,191 active listings and 757 new ones, indicating a healthy balance between supply and demand.
Browse Richmond Hill Real Estate Listings
Looking to buy or invest in Richmond Hill? Explore options across property types with these helpful links:
- Resale Homes in Richmond Hill—Condomonk
- Pre-Construction Homes in Richmond Hill—Condomonk
- Detached Homes in Richmond Hill – Homebaba
- Condos in Richmond Hill – Homebaba
- Townhomes in Richmond Hill – Homebaba
Final Thoughts
Richmond Hill continues to be a desirable location for all kinds of buyers, whether you're in the market for luxury detached houses or slightly more budget-friendly condo apartments. The new and active listings are quite balanced, so buyers have some choice, and sellers are seeing average prices rise. Stay tuned for more monthly updates!
Sources:
- https://trreb.ca/wp-content/files/market-stats/market-watch/mw2505.pdf
- https://trreb.ca/market-data/market-watch/
Disclaimer: The content on this page is curated from various reputable online sources, including blogs, news outlets, and real estate boards. While our content writer team at Condomonk.ca strives to present valuable information, we do not guarantee its accuracy or completeness. Some information could be prone to error, and some details may be outdated, and the content should not be considered professional advice. For the most accurate and personalized guidance, please consult a licensed real estate agent or broker.
