Richmond Hill Real Estate Market Update: May 2026
Richmond Hill recorded 224 sales in May 2026. The average selling price was $1,209,257, while the median price was $1,165,000.
New listings reached 646, with a sales-to-new-listings ratio of 31.3%. Active listings sat at 1,030, equal to about 5.9 months of inventory.
What this means in Richmond Hill
The sales-to-new-listings ratio points to buyer-friendly conditions, with inventory giving purchasers more choice and negotiating room.
This is the high-level city view. The practical advice can change meaningfully by property type, price range, and neighbourhood.
Richmond Hill market snapshot
| Metric | Value |
|---|---|
| Sales | 224 |
| Average price | $1,209,257 |
| Median price | $1,165,000 |
| New listings | 646 |
| Sales-to-new-listings ratio | 31.3% |
| Active listings | 1,030 |
| Months of inventory | 5.9 |
| Avg. sale/list price | 99% |
| Avg. listing days on market | 27 |
Data source: Toronto Regional Real Estate Board (TRREB). This information is provided for general information only. HSR Team does not guarantee the accuracy, completeness, or timeliness of the data.
For buyers
Buyers should compare active listings against recent sales before assuming there is or is not room to negotiate. Inventory, list-price strategy, and days on market matter more than the headline average price.
For sellers
Sellers should price against the most relevant current competition, not only older comparable sales. If inventory is building, presentation and launch strategy become more important. If inventory is tightening, well-positioned homes may regain leverage.
Get local context
Harpreet Sandhu and the HSR Team can help you compare this market snapshot against current listings, sold history, and neighbourhood-level conditions in Richmond Hill.
