Markham vs Richmond Hill: Home Prices and Housing Market Compared
In October 2026, the average home in Richmond Hill sold for $1,193,772, 7% more than the $1,117,006 average in Markham. Over the past year, the average price fell 9.2% in Markham and 10.5% in Richmond Hill. Markham is a balanced market, while Richmond Hill is a buyer's market (sales at 40.6% and 33.8% of new listings). Homes took 30 days on average to sell in Markham, and 31 days in Richmond Hill. On a home at the average price, a buyer pays $18,815 in Markham and $20,350 in Richmond Hill.
Side by side
| MarkhamOctober 2026 | Richmond HillOctober 2026 | |
|---|---|---|
| Price | $1,117,006 average | $1,193,772 average |
| Yearly change in price | -9.2% | -10.5% |
| Homes sold | 260 (-7.5% yearly) | 185 (+5.7% yearly) |
| Days on market | 30 days | 31 days |
| Market conditions | Balanced (40.6% sales to new listings, 12-month) | Buyer's market (33.8% sales to new listings, 12-month) |
| Months of inventory | 4.1 12-month | 5.5 12-month |
| Land transfer tax at that price | $18,815 | $20,350 |
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?
No. In October 2026, the average home in Richmond Hill sold for $1,193,772, 7% more than the $1,117,006 average in Markham.
Are home prices going up in Markham or Richmond Hill?
Over the past year, the average price fell 9.2% in Markham and 10.5% 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 40.6% and 33.8% of new listings). Homes took 30 days on average to sell in Markham, and 31 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
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The statistics on this page belong to the Toronto Regional Real Estate Board (TRREB). You may quote them with credit and a link: see using our data.
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