Markham vs Richmond Hill
Side-by-side Real Estate market comparison, Ontario, Canada
| Metric | Markham | Richmond Hill |
|---|---|---|
| Active Listings | 1,151 | 991 |
| Sold (12 mo) | 2,925 | 1,945 |
| Median Price | $1.08M | $1.12M |
| Average Price | $1.15M | $1.23M |
| Avg Days on Market | 33 days | 35 days |
| SP/LP Ratio | 99% | 98% |
| Months of Inventory | 4.9 | 6.6 |
| Above Asking % | 26% | 22% |
| Below Asking % | 71% | 75% |
Frequently Asked Questions
Is Markham or Richmond Hill more affordable?
The median home price in Markham is $1.08M compared to $1.12M in Richmond Hill. Markham is currently the more affordable market.
Which city has faster home sales, Markham or Richmond Hill?
Homes in Markham sell in an average of 33 days compared to 35 days in Richmond Hill. Markham has a faster-moving market.
Is Markham or Richmond Hill a buyer's market?
Markham has 4.9 months of inventory and Richmond Hill has 6.6. A market with over 6 months of inventory generally favours buyers.