Source: TRREB MarketWatch, August 2026

York Region York Region

Richmond Hill

Richmond Hill, York Region

August 2026

Full history → Compare

Headline indicators

All home types · August 2026

Average price

$1,205,777

MoM −$16,971 −1.4% YoY −3.3%

Median price

$1,068,888

MoM −$81,112 −7.1% YoY −8.2%

MLS® HPI benchmark

$1,160,000

MoM −$6,500 −0.6% YoY −7.0%

Sales

161

MoM −21 −11.5% YoY −8.5%

Dollar volume

$194.1M

MoM −$28,410,043 −12.8% YoY −11.6%

New listings

449

MoM −74 −14.1% YoY −10.0%

Active listings

933

MoM −39 −4.0% YoY −15.4%

Avg. LDOM

37

MoM no change YoY no change

Avg. PDOM

61

MoM +11 days +22.0% YoY +13.0%

Avg. SP/LP

97%

MoM −2.0 pp −2.0% YoY −1.0%

SNLR

35.9%

MoM +1.1 pp +3.0% YoY +1.7%

Months of inventory

5.8

MoM +0 +8.5% YoY −7.5%
Share of region sales
16.58%
Share of TRREB sales
3.18%
Average vs median gap
12.8%
TRREB SNLR (trend)
33.1%
TRREB months inv. (trend)
5.6

The last two are TRREB's own trend-smoothed figures, kept separate from the SNLR and months of inventory computed here from this month's raw counts. They are not the same measure.

In short

  • Richmond Hill average selling price edged down 1.4% to $1,205,777 versus July 2026.
  • Richmond Hill sales dropped 11.5% to 161 versus July 2026.
  • Richmond Hill reads differently on the two balance measures — a buyer's market at 35.9% sales-to-new-listings, but balanced conditions at 5.8 months of inventory. They measure different things, so the split is worth noting.

By home type

Home typeSalesMoM$ volumeAverageMoMMedianNewActiveSP/LPLDOMPDOMSNLRMOI
All home types 161 −21 −11.5% $194,130,110 $1,205,777 −$16,971 −1.4% $1,068,888 449 933 97% 37 61 35.9% 5.8
Detached 74 −23 −23.7% $123,425,539 $1,667,913 +$98,780 +6.3% $1,482,500 246 518 97% 35 — 30.1% 7.0
Semi-detached 6 −8 −57.1% $6,240,000 $1,040,000 −$35,486 −3.3% $1,025,000 17 24 102% 9 — 35.3% 4.0
Att/row/townhouse 38 +14 +58.3% $39,175,218 $1,030,927 −$11,794 −1.1% $1,026,350 56 115 98% 37 — 67.9% 3.0
Condo townhouse 9 −3 −25.0% $6,451,553 $716,839 −$37,075 −4.9% $715,000 35 75 100% 38 — 25.7% 8.3
Condo apartment 33 no change $17,770,800 $538,509 −$37,958 −6.6% $500,000 94 197 95% 47 — 35.1% 6.0
Link low sample 1 −1 −50.0% $1,067,000 $1,067,000 −$23,900 −2.2% $1,067,000 1 4 107% 7 — 100.0% 4.0

MLS® Home Price Index

CategoryIndexBenchmarkYoYMoM
Composite 293.7 $1,160,000 −7.0% −$6,500 −0.6%
Single-family detached 310.6 $1,524,300 −6.8% −$3,700 −0.2%
Single-family attached 312.1 $1,012,100 −5.2% −$3,900 −0.4%
Townhouse 309.3 $773,800 −8.9% −$8,800 −1.1%
Apartment 248.8 $485,900 −14.2% −$8,900 −1.8%

Trends

13 months to August 2026

Average and median price

Sales and new listings

Active listings

Days on market

Sale price to list price

Sales-to-new-listings

MLS® HPI composite benchmark

Days-on-market shows a break at January 2020. TRREB published a single average DOM before then and split it into LDOM and PDOM afterwards; they are different measurements, so the chart shows the change rather than joining them into one line.

How this area ranks

Among the 55 required areas

MeasureRankPercentileValue
Days on market (lowest first) 37 of 55 33.3th 37
Average price 13 of 55 77.8th $1,205,777
HPI composite, year-over-year 46 of 54 15.1th -6.97%
Price change, month-over-month 30 of 54 45.3th -1.39%
Sales change, month-over-month 22 of 54 60.4th -11.54%
Sales-to-new-listings 42 of 55 24.1th 35.86%

Change-based rankings exclude areas below 10 sales, where a couple of transactions can look like a market move.