Richmond Hill detached housing average price decreased in Oct 2023

Richmond Hill detached housing average price decreased in Oct 2023

Richmond Hill detached housing average price decreased in Oct 2023

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Richmond Hill detached housing average price decreased in Oct 2023!

Freehold Attached Market

The freehold attached houses' average price, including townhouses and semi-detached houses, was down 12.1% from the previous month, down 1.9% from the same month last year. The average time to sell this type of home is around 20.9 Days. The current month of inventory of Attached houses in Richmond Hill is about 4. Therefore, this segment of housing is currently in a Buyer's Market.

Freehold Detached Market

The average price of detached houses was unchanged v.s. last month, down 4.8% from the same month last year. Approximately 70.7% 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 $1.8M. The current month of inventory of detached dwellings in Richmond Hill is around 4.84. The new listings were down 4.4% from the previous month, and up 81.7% from the same month last year.

Condo Market

The condo market is a Buyer's Market. It takes an average of 25 days to sell a condo unit in Richmond Hill. The average price was down 11.1% from the previous month, down 1.1% from the same month previous year. The new listings were up 4.5% from the previous month, and up 18.4% 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.