Markham vs Richmond Hill: Home Prices and Housing Market Compared
In August 2026, the average home in Markham sold for $1,208,692, about the same as the $1,205,777 average in Richmond Hill. Over the past year, the average price rose 6.4% in Markham and fell 3.3% in Richmond Hill. Markham is a balanced market, while Richmond Hill is a buyer's market (sales at 40.3% and 33.1% of new listings). Homes took 33 days on average to sell in Markham, and 37 days in Richmond Hill. On a home at the average price, a buyer pays $20,649 in Markham and $20,591 in Richmond Hill.
Side by side
| MarkhamAugust 2026 | Richmond HillAugust 2026 | |
|---|---|---|
| Price | $1,208,692 average | $1,205,777 average |
| Yearly change in price | +6.4% | -3.3% |
| Homes sold | 282 (+17.5% yearly) | 161 (-8.5% yearly) |
| Days on market | 33 days | 37 days |
| Market conditions | Balanced (40.3% sales to new listings, 12-month) | Buyer's market (33.1% sales to new listings, 12-month) |
| Months of inventory | 4.1 12-month | 5.6 12-month |
| Land transfer tax at that price | $20,649 | $20,591 |
Latest month of each report. Prices are averages of all homes sold unless marked; conditions come from the sales-to-new-listings ratio (a buyer's market below 40%, a seller's above 60%), or for Greater Vancouver's region from sales to active listings (below 12% and above 20%). Land transfer tax is worked out on the price in the first row with the land transfer tax calculator, before any first-time buyer rebate.
Markham vs Richmond Hill Housing Market: Quick Answers
Is Markham more expensive than Richmond Hill?
About the same. In August 2026, the average home in Markham sold for $1,208,692, about the same as the $1,205,777 average in Richmond Hill.
Are home prices going up in Markham or Richmond Hill?
Over the past year, the average price rose 6.4% in Markham and fell 3.3% in Richmond Hill.
Is it easier to buy in Markham or Richmond Hill?
Richmond Hill, going by market conditions. Markham is a balanced market, while Richmond Hill is a buyer's market (sales at 40.3% and 33.1% of new listings). Homes took 33 days on average to sell in Markham, and 37 days in Richmond Hill.
Full reports and tools
- Markham housing market report
- Richmond Hill housing market report
- City vs City affordability comparison: what the same income buys in each city
- Land transfer tax calculator, with first-time buyer rebates
More comparisons
Data from the Toronto Regional Real Estate Board (TRREB) reports.
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