Detached Homes for Sale in Richmond Hill
Under $500K
Fully freehold land + structure. Highest long-term appreciation, full renovation flexibility, and the strongest move-up buyer demand in the Ontario market. Median list price in Richmond Hill this band: $475K · 19 active · avg 22 days on market.
19 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Detached Homes in Richmond Hill Under $500K
19 active · median $475K
Median List Price
$475K
Active Listings
19
Avg Days on Market
22 days
YoY Change
-6.8%
6-Month Median Price Trend
Dec
$485K
Jan
$485K
Feb
$467K
Mar
$460K
Apr
$458K
May
$458K
What is the average detached price in Richmond Hill in 2026?
The benchmark price for a detached in Richmond Hill in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 19 active listings, moving in an average of 22 days on market. Prices are down 6.8% year-over-year.
Is Richmond Hill a buyer's or seller's market right now?
Richmond Hill is currently a balanced market for detacheds in this band. Inventory is turning over in 22 days with prices down 6.8% year-over-year. Neither side has decisive leverage right now.
Families helped in Richmond Hill
69+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“Reverse mortgage explained without the sales hype. We got the funds and kept the house.”
What $475K gets you in Richmond Hill.
Detacheds in Richmond Hill priced under $500k are tracking against a CREA MLS® HPI benchmark of $1158K for the greater toronto area. Within this band the median list comes in near $475K — down 6.8% year-over-year. Active inventory is moving in roughly 22 days.
Typical Size
1,800–3,500 sqft
Bedroom Range
3–5 bedrooms
Ownership Style
freehold
Sample comparables in this band.
$465K
$449K
$434K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these detached homes are clustered in Richmond Hill.
Keep exploring Richmond Hill.
Other price ranges
Other property types
Richmond Hill Detached FAQ
What is the median price for detached homes in Richmond Hill under $500k?
As of 2026-05-01, the median list price for detached homes in Richmond Hill priced under $500k sits at approximately $475K based on active MLS inventory.
How many detached homes are currently for sale in Richmond Hill in this price range?
There are roughly 19 active detached homes for sale in Richmond Hill priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do detached homes stay on the market in Richmond Hill?
Detached Homes in Richmond Hill priced under $500k are averaging 22 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Richmond Hill detached prices going up or down?
Year-over-year median detached prices in Richmond Hill (this band) are down 6.8%. Six-month trend data is available on this page.
What mortgage do I need to buy a detached 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 — 19 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.
Detached Homes in Richmond Hill Under $500K
Median $475K · 19 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.