North Richvale's typical home sold for $833,000 in Q2 2026, far below the $1.12 million average
In Q2 2026, North Richvale in Richmond Hill had 54 sales with a median price of $833,000 and an average of $1,118,728, so a seller who reads only the average will overestimate what a typical home sells for.
Key facts, Q2 2026, all home types
- Sales: 54, with a total dollar volume of $60,411,288.
- Median price: $833,000. Average price: $1,118,728. The average is $285,728 above the median (our arithmetic).
- The average sale price was 98% of list price. Average days on market: 26.
- New listings: 132. Active listings at quarter end: 75. Fifty-four sales against 132 new listings is about 41% (our arithmetic).
- Neighbouring Richmond Hill communities, Q2 2026 median: South Richvale $1,240,000 (28 sales), Bayview Hill $2,253,500 (20 sales), Mill Pond $1,250,000 (34 sales).
What does it mean for a seller?
The median is the price in the middle of the sales, so half of the homes sold for less and half for more. A few high-priced sales pull the average up. A seller should start with the median and the comparable sales for their own type of home, not the neighbourhood average. A home that sells at 98% of list in 26 days is selling to a buyer who has compared it with other homes, so the list price matters.
“Ask any agent for the median and the comparable sales, not just the average. In North Richvale the gap between them is more than a quarter of a million dollars.”
Ali Bolourchi, BSc, MS, PSA, ABR®, Broker of A.B.R.E. Team with REMAX® Your Community Realty Inc
Method and limits
- Source: Toronto Regional Real Estate Board (TRREB), Community Housing Market Report, York, Richmond Hill, 2026 Q2, North Richvale row of the all-home-types table.
- The figures mix detached homes, townhouses and condos, which is why the median and the average differ. A per-type breakdown is not used here.
- North Richvale is a small neighbourhood with a small sample (54 sales). TRREB notes that community statistics may not match the sums of past publications. Treat these figures as a guide, not a promise.
- Active public listing and published market-report data only. No sold-price detail from members-only sources is used.
For the full quarter, including how first-time buyers and value seekers fit in, read the North Richvale Q2 2026 explainer.
What to do next
See what your home is worth against this quarter's sales.
See what your North Richvale home is worth
About
Ali Bolourchi, BSc, MS, PSA, ABR®, Broker of A.B.R.E. Team with REMAX® Your Community Realty Inc
REMAX® Your Community Realty Inc., Brokerage*
*Each office independently owned and operated.
Phone: 416-886-2000
Website: https://ali.realtor
Address: 8854 Yonge Street, Richmond Hill, ON L4C 0T4
