Townhouses for Sale in Richmond Hill
Under $500K
Freehold and condo townhouses bridge the gap between condo affordability and detached privacy. Strong investor product with minimal exterior maintenance. Median list price in Richmond Hill this band: $475K · 55 active · avg 21 days on market.
Median List Price
$475K
Active Listings
55
Avg Days on Market
21 days
YoY Change
-8.4%
6-Month Median Price Trend
Dec
$484K
Jan
$484K
Feb
$484K
Mar
$484K
Apr
$485K
May
$485K
What is the average townhouse price in Richmond Hill in 2026?
The benchmark price for a townhouse in Richmond Hill in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 55 active listings, moving in an average of 21 days on market. Prices are down 8.4% year-over-year.
Is Richmond Hill a buyer's or seller's market right now?
Richmond Hill is currently a balanced market for townhouses in this band. Inventory is turning over in 21 days with prices down 8.4% year-over-year. Neither side has decisive leverage right now.
Families helped in Richmond Hill
67+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
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What $475K gets you in Richmond Hill.
Townhouses in Richmond Hill priced under $500k are tracking against a CREA MLS® HPI benchmark of $687K for the greater toronto area. Within this band the median list comes in near $475K — down 8.4% year-over-year. Active inventory is moving in roughly 21 days.
Typical Size
1,200–2,000 sqft
Bedroom Range
2–4 bedrooms
Ownership Style
Freehold or condo
Sample comparables in this band.
$499K
$499K
$500K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these townhouses are clustered in Richmond Hill.
Keep exploring Richmond Hill.
Other price ranges
Other property types
Richmond Hill Townhouse FAQ
What is the median price for townhouses in Richmond Hill under $500k?
As of 2026-05-01, the median list price for townhouses in Richmond Hill priced under $500k sits at approximately $475K based on active MLS inventory.
How many townhouses are currently for sale in Richmond Hill in this price range?
There are roughly 55 active townhouses for sale in Richmond Hill priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do townhouses stay on the market in Richmond Hill?
Townhouses in Richmond Hill priced under $500k are averaging 21 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Richmond Hill townhouse prices going up or down?
Year-over-year median townhouse prices in Richmond Hill (this band) are down 8.4%. Six-month trend data is available on this page.
What mortgage do I need to buy a townhouse at this price in Richmond Hill?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's variable rates (~5.45% qualifying), that's roughly $NaN / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
See every active townhouse in Richmond Hill under $500k.
55 active listings · median $475K. A licensed Richmond Hill advisor sends the live list within 1 business hour.
Townhouses in Richmond Hill Under $500K
Median $475K · 55 active
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.