Richmond Hill vs Toronto
Side-by-side Real Estate market comparison, Ontario, Canada
| Metric | Richmond Hill | Toronto |
|---|---|---|
| Active Listings | 991 | 9,656 |
| Sold (12 mo) | 1,945 | 23,600 |
| Median Price | $1.12M | $825K |
| Average Price | $1.23M | $1.05M |
| Avg Days on Market | 35 days | 33 days |
| SP/LP Ratio | 98% | 99% |
| Months of Inventory | 6.6 | 5.9 |
| Above Asking % | 22% | 22% |
| Below Asking % | 75% | 75% |
Frequently Asked Questions
Is Richmond Hill or Toronto more affordable?
The median home price in Richmond Hill is $1.12M compared to $825K in Toronto. Toronto is currently the more affordable market.
Which city has faster home sales, Richmond Hill or Toronto?
Homes in Richmond Hill sell in an average of 35 days compared to 33 days in Toronto. Toronto has a faster-moving market.
Is Richmond Hill or Toronto a buyer's market?
Richmond Hill has 6.6 months of inventory and Toronto has 5.9. A market with over 6 months of inventory generally favours buyers.