Condos for Sale in Richmond Hill
Under $500K
Low-maintenance vertical living with amenity-rich buildings and walkable transit-friendly addresses. Ideal for first-time buyers, investors, and downsizers. Median list price in Richmond Hill this band: $475K · 23 active · avg 44 days on market.
23 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Condos in Richmond Hill Under $500K
23 active · median $475K
Median List Price
$475K
Active Listings
23
Avg Days on Market
44 days
YoY Change
-9.1%
6-Month Median Price Trend
Dec
$470K
Jan
$474K
Feb
$474K
Mar
$462K
Apr
$466K
May
$472K
What is the average condo price in Richmond Hill in 2026?
The benchmark price for a condo in Richmond Hill in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 23 active listings, moving in an average of 44 days on market. Prices are down 9.1% year-over-year.
Is Richmond Hill a buyer's or seller's market right now?
Richmond Hill is currently a buyer's market for condos in this band. Listings are sitting 44 days on average and prices are 9.1% lower year-over-year. Buyers have negotiating leverage on price, closing date, and condition periods.
Families helped in Richmond Hill
69+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
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What $475K gets you in Richmond Hill.
Condos in Richmond Hill priced under $500k are tracking against a CREA MLS® HPI benchmark of $539K for the greater toronto area. Within this band the median list comes in near $475K — down 9.1% year-over-year. Active inventory is moving in roughly 44 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$447K
$468K
$452K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these condos are clustered in Richmond Hill.
Keep exploring Richmond Hill.
Other property types
Richmond Hill Condo FAQ
What is the median price for condos in Richmond Hill under $500k?
As of 2026-05-01, the median list price for condos in Richmond Hill priced under $500k sits at approximately $475K based on active MLS inventory.
How many condos are currently for sale in Richmond Hill in this price range?
There are roughly 23 active condos for sale in Richmond Hill priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in Richmond Hill?
Condos in Richmond Hill priced under $500k are averaging 44 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Richmond Hill condo prices going up or down?
Year-over-year median condo prices in Richmond Hill (this band) are down 9.1%. Six-month trend data is available on this page.
What mortgage do I need to buy a condo at this price in Richmond Hill?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $2,322 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 23 active, median $475K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Richmond Hill advisor within 1 business hour.
Condos in Richmond Hill Under $500K
Median $475K · 23 active · 3.95% 5-yr fixed
Get pre-approved for a $380K mortgage.
Based on $475K median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.