Oakville vs Richmond Hill
Side-by-side Real Estate market comparison, Ontario, Canada
| Metric | Oakville | Richmond Hill |
|---|---|---|
| Active Listings | 1,066 | 1,033 |
| Sold (12 mo) | 2,488 | 1,928 |
| Median Price | $1.25M | $1.11M |
| Average Price | $1.42M | $1.23M |
| Avg Days on Market | 35 days | 35 days |
| SP/LP Ratio | 96% | 98% |
| Months of Inventory | 7.4 | 6.9 |
| Above Asking % | 11% | 23% |
| Below Asking % | 86% | 74% |
Frequently Asked Questions
Is Oakville or Richmond Hill more affordable?
The median home price in Oakville is $1.25M compared to $1.11M in Richmond Hill. Richmond Hill is currently the more affordable market.
Which city has faster home sales, Oakville or Richmond Hill?
Homes in Oakville sell in an average of 35 days compared to 35 days in Richmond Hill. Richmond Hill has a faster-moving market.
Is Oakville or Richmond Hill a buyer's market?
Oakville has 7.4 months of inventory and Richmond Hill has 6.9. A market with over 6 months of inventory generally favours buyers.