South Richvale Freehold Homes, 2023 to 2026: Prices, Time on Market and Listings
Data through July 31, 2026. Figures compare January to July of each year.
Between January to July 2023 and the same months of 2026, the average freehold sale price in South Richvale fell about 18.4 per cent, from $2,726,560 to $2,224,706. Over the same period, homes sold at an average of 94.7 per cent of list price after about 42 days on market, against 100.9 per cent after 34 days in 2023. South Richvale freehold homes still average about 49 per cent more than North Richvale’s.
I am Ali Bolourchi, BSc, MS, PSA, ABR®, Broker of A.B.R.E. Team with REMAX® Your Community Realty Inc. Owners of larger homes in South Richvale often ask how their segment has behaved compared with the rest of Richmond Hill. This post sets out four years of sales from The Habistat, using PropTx MLS data, and is careful about what a small number of sales can and cannot show.
What do these figures measure?
Each price is the sales-weighted average for January to July of that year: total sales dollars divided by the number of sales. With few sales, a handful of larger or smaller homes can move it noticeably. It describes what happened to sell, not a typical home and not any one property. These are Habistat figures, not TRREB’s.
How have South Richvale freehold sales changed?
| South Richvale freehold, January to July | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Sales | 38 | 25 | 31 | 34 |
| Average sale price | $2,726,560 | $2,665,676 | $2,648,676 | $2,224,706 |
| New listings | 96 | 132 | 185 | 160 |
| Average days on market | 34 | 42 | 36 | 42 |
| Average sale price as % of list | 100.9% | 100.7% | 96.5% | 94.7% |
The average held between roughly $2.65 million and $2.73 million from 2023 to 2025, then fell to about $2.22 million in 2026, a drop of about 16 per cent from 2025. New listings rose from 96 to a high of 185 in 2025, then eased to 160. In 2026, 34 homes sold against 160 new listings. Active South Richvale freehold listings at the end of July were 60, against 74 a year earlier.
How does it compare with North Richvale?
| Freehold, January to July 2026 | South Richvale | North Richvale |
|---|---|---|
| Average sale price | $2,224,706 | $1,497,933 |
| Average days on market | 42 | 38 |
| Sale price as % of list | 94.7% | 96.3% |
| Sales | 34 | 48 |
South Richvale freehold homes sold for noticeably higher prices, and on average further below list. Homes at higher prices tend to attract fewer buyers at any time, so a wider gap to list is not surprising, but I would not draw a firm conclusion from 34 sales.
What about South Richvale condos?
South Richvale condos are a small group: 26, 28, 15 and 17 sales across the four January to July windows, with an average of $679,753 in 2026, against $816,769 in 2023. With so few sales, that average mostly reflects which units happened to sell.
What does this mean if you own or are buying a larger home here?
I explain the numbers; I do not advise. The neighbourhood averages are context, not a valuation. Larger homes vary widely by lot, condition, renovation and street, so the most useful comparison is sales of genuinely similar homes nearby. Ask us for those, and speak with your lawyer, lender and accountant about the financial side of any decision.
How reliable are these numbers?
Treat them as a snapshot from one source. The samples are small, the averages shift with the mix of homes sold, the groupings differ from TRREB’s, and nothing here forecasts prices. If a specific address matters to you, call the ABRE Team at 416-886-2000 and we will go through comparable sales with you.
Frequently asked questions
What is the average price of a freehold home in South Richvale?
For January to July 2026, The Habistat shows an average sale price of $2,224,706 across 34 freehold sales, down from $2,726,560 in the same months of 2023. An average moves with the mix of homes sold.
How long do freehold homes take to sell in South Richvale?
The average for January to July 2026 was about 42 days on market, at about 94.7 per cent of list price. Individual homes vary widely.
Is South Richvale more expensive than North Richvale?
On these figures, yes: South Richvale freehold homes averaged $2,224,706 against $1,497,933 in North Richvale for January to July 2026. The two areas have different mixes of lots and homes.
Sources
- The Habistat, using PropTx MLS data: South Richvale and North Richvale, freehold and condo, monthly sales, average sale price, new listings, active listings, days on market and sale-to-list, January 2023 to July 2026. Not TRREB data.
Ali Bolourchi, BSc, MS, PSA, ABR®, Broker of A.B.R.E. Team with REMAX® Your Community Realty Inc
This article is general market information, not financial, mortgage, legal or tax advice. Figures are snapshots from one data source, are averages that change with the mix of homes sold, and are not predictions. Confirm your own position with a licensed mortgage professional, your lawyer and your accountant before acting.
