Richmond Hill Freehold Home Average Prices increased in May 2025
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Richmond Hill Freehold Home Average Prices increased in May 2025!
Freehold Attached Market
The freehold attached houses' average price, including townhouses and semi-detached houses, was unchanged v.s. last month, down 5.5% from the same month last year. The average time to sell this type of home is around 26.8 Days. The current month of inventory of Attached houses in Richmond Hill is about 7.4. Therefore, this segment of housing is currently in a Strong Buyer's Market.
Freehold Detached Market
The average price of detached houses was down 1.3% from the previous month, down 3.9% from the same month last year. Approximately 71.0% of total freehold units sold in Richmond Hill last month are Detached houses. If you plan to buy a detached home in Richmond Hill, you will need to spend an average of $1.9M. The current month of inventory of detached dwellings in Richmond Hill is around 8.39. The new listings were up 17.0% from the previous month, and up 26.0% from the same month last year.
Condo Market
The condo market is a Strong Buyer's Market. It takes an average of 31 days to sell a condo unit in Richmond Hill. The average price was down 5.6% from the previous month, down 11.2% from the same month previous year. The new listings were up 18.3% from the previous month, and up 42.5% from the same month last year.
If you plan to move to Richmond Hill or you want to learn more about real estate investment opportunities in Richmond Hill, please contact Richmond Hill real estate agent Realtor Alan Zheng at 647-877-9311.
- 183 Willowdale Ave
Toronto, ON, M2N 4Y9, Canada - 647-877-9311
- alan@mycanadahome.ca
- www.mycanadahome.com
