Richmond Hill: August 2025 Real Estate Market Report
Richmond Hill Real Estate Market Update – August 2025
The Richmond Hill real estate market remained active in August 2025, with 176 homes sold for a total dollar volume of over $219.5 million. Known for its prestigious neighborhoods, excellent schools, and proximity to Toronto, Richmond Hill continues to attract families and investors seeking luxury living and long-term value.
August 2025 Market Highlights
| Property Type | Sales | Dollar Volume | Average Price | Median Price | New Listings | Active Listings |
|---|---|---|---|---|---|---|
| All Types | 176 | $219,565,430 | $1,247,531 | $1,165,000 | 499 | 1,103 |
| Detached Homes | 81 | $137,221,974 | $1,694,098 | $1,535,000 | 250 | 580 |
| Semi-Detached Homes | 10 | $9,477,000 | $947,700 | $950,000 | 14 | 33 |
| Townhomes | 33 | $36,964,000 | $1,120,121 | $1,150,000 | 88 | 169 |
| Condo Apartments | 38 | $22,960,068 | $604,212 | $557,000 | 104 | - |
- Detached homes in Richmond Hill led the market with 81 sales, averaging $1,694,098. These remain the preferred choice for buyers looking for luxury, larger lots, and premium neighborhoods.
- Semi-detached homes recorded 10 sales with an average price of $947,700, making them a more affordable alternative to detached properties while still offering strong long-term value.
- Townhomes saw 33 transactions, averaging $1,120,121, appealing to families seeking modern layouts and lower maintenance compared to detached homes.
- Condo apartments accounted for 38 sales at an average price of $604,212, providing the most affordable entry point into the Richmond Hill market for first-time buyers and investors.
Explore Pre-Construction in Richmond Hill
Looking ahead, discover pre-construction homes in Richmond Hill, featuring luxury condos, modern townhomes, and elegant detached residences designed for today’s lifestyle.
Final Thoughts
The Richmond Hill real estate market in August 2025 showed solid demand across all property types. From detached homes to condo apartments, the city offers a variety of opportunities, making it one of the most attractive destinations in the GTA for families, professionals, and investors.
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