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Observatory, Richmond Hill

Observatory is currently a balanced market with 5.3 months of inventory.

Median Sold PriceMedian sold price, trailing 12-month basis
$747Kdown 13.7% versus YoY
Homes Sold (12 mo)Sold residential listings, trailing 12 months
95
Avg Days on MarketAverage days on market for sold listings
40 days
Sale-to-List RatioSold price ÷ list price
99.9%
Months of InventoryActive listings ÷ monthly sales rate
5.3 months
Active ListingsCurrently active residential listings
32

Source: MLS data under license · Aggregated by REintel / Direct Realty Ltd., Brokerage · Trailing 12 months · sold residential · median 12-month basis

Median sold price trend
↓ 12.0%
Benchmark price by period
PeriodBenchmark Price
2025-10-31$955K
2025-11-30$819K
2025-12-31$757K
2026-01-31$751K
2026-02-28$757K
2026-03-31$735K
2026-04-30$735K
2026-05-31$770K
2026-06-01$770K
2026-06-02$770K
2026-06-03$794K
2026-06-04$817K
2026-06-06$817K
2026-06-15$794K
2026-07-01$840K
2026-07-10$823K
2026-07-11$823K
2026-07-12$823K
2026-07-14$823K
2026-07-18$823K
2026-07-19$823K
2026-07-20$823K
2026-07-24$794K
2026-07-25$794K
2026-07-26$794K
2026-07-27$817K
2026-07-29$817K
2026-07-30$817K
2026-08-01$823K
2026-08-04$794K
2026-08-05$794K
2026-08-06$794K
2026-08-10$823K
2026-08-11$794K
2026-08-13$794K
2026-08-15$817K
2026-08-23$829K
2026-08-24$835K
2026-08-25$840K
2026-08-26$829K
2026-08-27$829K
2026-08-31$840K
2026-09-04$835K
2026-09-05$829K
2026-09-07$823K
2026-09-08$823K
2026-09-09$823K
2026-09-10$817K
2026-09-11$823K
2026-09-12$823K
2026-09-13$782K
2026-09-14$817K
2026-09-15$829K
2026-09-16$835K
2026-09-17$835K
2026-09-18$840K
2026-09-19$840K
2026-09-20$840K
2026-09-21$840K
2026-09-22$840K
2026-09-23$840K
2026-09-24$840K
2026-09-25$840K
2026-09-26$840K
2026-09-27$840K
2026-09-28$852K
2026-09-29$851K
2026-09-30$851K
2026-10-01$851K
2026-10-02$851K
2026-10-03$851K
2026-10-04$851K
2026-10-05$845K
2026-10-06$845K
2026-10-07$850K
2026-10-08$840K
2026-10-09$840K

Observatory is a tracked market within Richmond Hill. View the full Richmond Hill market report for area-wide trends, inventory flow, and neighbouring communities.

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