Published 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
In August 2026 TRREB recorded 74 detached house sales in Richmond Hill at a median of $1,482,500 and an average of $1,667,913. They sold at 97 percent of list price after an average of 35 days on market. Freehold townhouses had a median of $1,026,350 on 38 sales; semi-detached houses had a median of $1,025,000, but on only 6 sales. TRREB’s MLS® Home Price Index benchmark for a typical Richmond Hill detached house was $1,524,300, down 6.81 percent from August 2025. Detached supply was heavy: 518 houses for sale against 74 sales is about 7.0 months of inventory (my arithmetic), against 5.2 months across York Region. Buyers have choice, so a Richmond Hill detached house needs to be priced from its closest recent comparables to sell.
Richmond Hill house prices, August 2026
| August 2026 | Area | Sales | Median price | Average price | Sale to list | Avg. days on market |
|---|---|---|---|---|---|---|
| Detached | Richmond Hill | 74 | $1,482,500 | $1,667,913 | 97% | 35 |
| Detached | York Region | 541 | $1,325,000 | $1,482,221 | 97% | 34 |
| Detached | All TRREB areas | 2,399 | $1,100,000 | $1,288,669 | 97% | 33 |
| Semi-detached | Richmond Hill | 6 | $1,025,000 | $1,040,000 | 102% | 9 |
| Semi-detached | York Region | 51 | $935,000 | $944,765 | 98% | 30 |
| Semi-detached | All TRREB areas | 439 | $866,000 | $931,665 | 99% | 28 |
| Freehold townhouse | Richmond Hill | 38 | $1,026,350 | $1,030,927 | 98% | 37 |
| Freehold townhouse | York Region | 142 | $974,900 | $986,648 | 99% | 34 |
| Freehold townhouse | All TRREB areas | 437 | $840,000 | $882,060 | 98% | 31 |
Source: TRREB Market Watch, August 2026, detached, semi-detached and att/row/townhouse (freehold) tables. One month of sales, so read it as a snapshot. Richmond Hill had only 6 semi-detached sales; the 102 percent sale-to-list and 9 days on market describe those six houses, not a trend, and should not be used to price a semi on their own.
Richmond Hill’s detached median was $157,500 above York Region’s (my arithmetic) and almost level with Markham’s $1,488,000 on 137 sales. Vaughan’s detached median was $1,425,000 on 122 sales. The three big southern York Region municipalities traded in a similar band in August, but Richmond Hill had far fewer sales for its size of inventory.
Are Richmond Hill house prices going down? The benchmark
A one-month median moves with whichever houses happened to sell. The MLS® Home Price Index is steadier: the benchmark is TRREB’s model price for a “typical” home with set features, not an actual sale.
| HPI benchmark, August 2026 | Richmond Hill | York Region | All TRREB areas |
|---|---|---|---|
| Composite (all home types) | $1,160,000 (−6.97%) | $1,089,400 (−6.18%) | $925,900 (−4.46%) |
| Single-family detached | $1,524,300 (−6.81%) | $1,344,400 (−5.95%) | $1,209,600 (−4.50%) |
| Single-family attached | $1,012,100 (−5.22%) | $980,700 (−4.89%) | $919,000 (−4.40%) |
Change is year over year, against August 2025. Source: TRREB Market Watch, August 2026, MLS® HPI table.
Yes, prices are lower than a year ago. The typical Richmond Hill detached house was benchmarked 6.81 percent below August 2025, a bigger drop than York Region (5.95 percent) and the TRREB average (4.50 percent). Attached houses fell 5.22 percent. The benchmark ($1,524,300) sits above the August detached median ($1,482,500) because they measure different things: the benchmark is a modelled typical house, the median is the middle of 74 real sales. If you last looked at prices in 2025, reset your expectations before you list. For the wider outlook, read will Toronto house prices drop in 2027.
What the numbers mean for your list price
- Months of inventory. 518 detached houses for sale against 74 sales is about 7.0 months of supply (my arithmetic: active listings divided by sales). York Region was at about 5.2 months, Markham about 3.3 and all TRREB areas about 4.7. Richmond Hill detached was the softest of the four.
- Sales to new listings. 74 detached sales against 246 new listings is about 30 percent (my arithmetic), against about 41 percent across York Region. Fewer than one in three new detached listings found a buyer in the month.
- Freehold townhouses were firmer. 38 sales against 56 new listings is about 68 percent, with about 3.0 months of supply (my arithmetic). Towns under the detached price point were moving.
- Sale to list and days on market. Detached houses that sold went for 97 percent of list after 35 days on average; towns at 98 percent after 37 days.
What that means for a detached seller: with seven months of inventory, buyers compare, and houses priced off last year’s sales or off the $1,667,913 average tend to sit. The sale-to-list figure only counts houses that sold, against their final list price, so it hides the listings that were reduced or expired. Richmond Hill’s detached average was $185,413 above the median (my arithmetic), because a smaller number of large and luxury houses pull it up. Price from the median and your own comparables, and be first-time right. If your house has been listed for a while, how long it takes to sell a house in 2026 is worth a read.
How TRREB reports Richmond Hill
TRREB reports Richmond Hill as one municipality in York Region, with no lettered districts like Toronto’s. That single row covers several distinct markets:
- The Yonge Street corridor and the old village. Older houses on bigger lots near the historic core and Mill Pond, plus newer infill.
- South Richvale and the Langstaff area. Established neighbourhoods near Highway 7 and Highway 407, with a mix of original houses and large custom rebuilds.
- Bayview Hill and the east side. Larger lots and luxury houses east of Yonge, which sit well above the median.
- Newer subdivisions in the north. Jefferson, Westbrook, Rouge Woods, Oak Ridges and Elgin Mills, with newer detached houses and freehold towns. Oak Ridges sits on the Oak Ridges Moraine, and some lots there carry extra environmental rules.
The monthly Market Watch publishes no community rows for Richmond Hill, so none is quoted here.
What moves your house above or below the median
- Lot frontage and depth. In South Richvale, Bayview Hill and around the old village, much of the price is the land. A wide, deep lot can be worth more to a builder or custom-home buyer than the house on it. See how lot size and frontage change value.
- Detached, semi or townhouse. August medians were $1,482,500 detached and $1,026,350 for freehold towns; the semi median rests on 6 sales and is not a reliable guide.
- Basement. A finished basement helps; a separate entrance helps more; a second unit that has been permitted and inspected by the City of Richmond Hill is worth more to more buyers than an unapproved one.
- Garage and parking. A double garage and a wide driveway are what most detached buyers in Richmond Hill expect.
- Renovation level. With seven months of supply, buyers can pick a finished house. Dated kitchens and bathrooms get priced in hard.
- Street and sub-area. A quiet crescent or a ravine backing is not the same as backing onto Yonge Street, Bayview Avenue or Major Mackenzie Drive.
- Schools. Many buyers start with the school boundary. Check the current boundary for your address with the school board.
- Transit and highways. Easy access to a Richmond Hill GO line station, the Viva rapid transit on Yonge Street and Highway 7, and quick access to Highways 404 and 407 widen your buyer pool.
- Age and big-ticket systems. Roof, windows, furnace and air conditioning, electrical panel and plumbing. On a 1970s or 1980s house, replaced systems with receipts support your price.
No published source gives a reliable dollar value for each of these in Richmond Hill, so I do not quote one. Comparable sales measure them. If you are considering work before listing, test it in the renovation ROI calculator first. On a ravine lot, read what buyers check on a ravine lot.
The land transfer tax point
Richmond Hill buyers pay only the Ontario land transfer tax; York Region has no municipal tax. At the $1,482,500 detached median, the Ontario tax is $26,125. The same purchase in the City of Toronto would add a matching $26,125 municipal tax, $52,250 in total (my arithmetic from the published brackets, before first-time buyer refunds of up to $4,000 provincially and up to $4,475 in Toronto).
Richmond Hill buyers often also look at North York, just south of Steeles Avenue, so this saving belongs in your marketing. Compare the Toronto side in what houses are worth in North York, and run any price through the land transfer tax calculator.
How to get an accurate number for your house
The median is a starting line. Your property tax assessment is not your price either: MPAC assessments for 2026 taxes are still based on 1 January 2016 values.
Two tools help here: the AI home value estimator below gives you a range for your house in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.
Then get a broker price opinion or a comparative market analysis from the three to six most recent sales of houses like yours, on similar lots in your part of Richmond Hill, adjusted for basement, garage, renovation level and condition, and checked against the active listings you will compete with. In a seven-month market, the active listings matter as much as the solds. For more local context, see Richmond Hill home values. If you also own a condo, see what condos are worth in Richmond Hill. For neighbouring markets, compare Markham, Vaughan and Newmarket and Aurora.
If the house has been your principal residence, the CRA still expects you to report the sale on your tax return even when the gain is fully exempt. Your accountant can confirm how that applies to you.
I work with sellers across Toronto and the whole GTA, including York Region, and I price Richmond Hill houses from the sales and listings that actually compete with yours. When you have your estimator range, book a call or phone 833-330-1925.
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Frequently asked questions
How much is a detached house worth in Richmond Hill?
In August 2026 TRREB recorded 74 detached sales in Richmond Hill at a median of $1,482,500 and an average of $1,667,913. TRREB’s benchmark for a typical detached house there was $1,524,300. Lot size, sub-area, basement and condition move any single house well above or below those figures, so use recent comparable sales.
Are house prices going down in Richmond Hill?
Compared with last year, yes. The MLS® HPI benchmark for a Richmond Hill detached house was down 6.81 percent from August 2025, and the composite for all home types was down 6.97 percent, more than York Region and the TRREB average. One month does not show where prices go next.
Is now a good time to sell my house in Richmond Hill?
It depends on your plans and what you are buying next. Detached supply was heavy in August 2026, about 7.0 months of inventory with about 30 percent of new listings selling (my arithmetic from TRREB’s figures). Sellers can still sell, but only at a price that beats the competing listings.
How long does it take to sell a house in Richmond Hill?
Detached houses that sold in August 2026 averaged 35 days on market and freehold townhouses 37 days. Those averages only count houses that sold. With about seven months of detached supply, an overpriced house can sit much longer and end up selling for less after reductions.
What is the average price of a semi-detached house in Richmond Hill?
TRREB recorded only 6 semi-detached sales in Richmond Hill in August 2026, with a median of $1,025,000 and an average of $1,040,000. Six sales is too few to rely on. The benchmark for an attached house in Richmond Hill was $1,012,100, down 5.22 percent year over year, a steadier guide.
Sources
- TRREB — Market Watch, August 2026 — detached, semi-detached and freehold townhouse tables, and the MLS HPI benchmark
- Government of Ontario — Calculating land transfer tax — provincial brackets
- Government of Ontario — Land transfer tax refunds for first-time homebuyers — up to $4,000
- City of Toronto — Municipal Land Transfer Tax rates and fees — Toronto only
- MPAC — Assessment cycle — 2026 taxes still based on 1 January 2016 values
- CRA — Reporting the sale of your principal residence — report the sale even when fully exempt
Related reading
- How much is my house worth in Markham?
- How much is my house worth in Vaughan?
- How much is my house worth in Newmarket and Aurora?
- How much is my house worth in North York?
- How much is my condo worth in Richmond Hill?
- Richmond Hill home values
- Choosing a realtor in Richmond Hill
- What is my home worth in Toronto and the GTA?
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume. Every figure here comes from a published table, regulator or statute linked in the sources, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.