Richmond Hill: May 2025 Real Estate Market Report

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/
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