Observatory, Richmond Hill Real Estate Market Stats
The latest housing market data for the Observatory neighbourhood of Richmond Hill, Ontario: sold prices, active listings, asking prices, days on market, and sales by property type, based on MLS activity in the last 30 days.
Observatory Housing Market at a Glance (Last 30 Days)
- Homes sold: 6
- Median sold price: $556,500
- Average sold price: $568,833
- Average price per square foot: $538
- Average sale-to-list ratio: 94.1%
Median Sold Price by Property Type
- Condo: $455,000 (3 sold)
- Townhouse: $650,000 (3 sold)
Median Sold Price by Bedrooms
- 1 bed: $420,000 (1 sold)
- 2 bed: $496,500 (2 sold)
- 3 bed: $650,000 (3 sold)
Observatory Homes for Sale Right Now
- Active listings: 25
- Median asking price: $1,299,900
- Average asking price: $1,418,007
- New listings in the last 30 days: 6
- Median days on market: 44
- Months of inventory: 4.2 (under ~3 favours sellers, over ~6 favours buyers)
Active Listings by Property Type
- House: 15 for sale, median asking $1,868,000
- Condo: 4 for sale, median asking $547,000
- Townhouse: 6 for sale, median asking $684,950
Source: MLS® data from the Toronto Regional Real Estate Board (TRREB) and other Ontario real estate boards via PropTx. Computed from 6 sales reported over the last 30 days; updated November 15, 2026. Figures are for general information only and are not an appraisal or guarantee of value.
How These Figures Are Calculated
- Median sold price
- The middle sale price of the homes sold in the period: half sold for more and half for less.
- Average sold price
- The total of all sale prices in the period divided by the number of homes sold.
- Sale to list
- Each home’s sold price divided by its asking price, averaged across the sales in the period. Over 100% means homes sold above asking on average.
- Average price per square foot
- The sold price divided by the floor area the listing reports, averaged across the sales that report an area.
- Median days on market
- For the homes for sale right now, the middle number of days since each one was listed.
- Months of inventory
- The number of homes for sale now divided by the monthly pace of sales in the period. Under about 3 months favours sellers; over about 6 favours buyers.
Thinking of buying or selling in Observatory? See all Richmond Hill market statistics, browse homes for sale in Observatory, or see recently sold Richmond Hill homes — with Modern Solution Realty's 1% listing commission and $5,000 buyer cashback. See the 22 homes just listed in Observatory in the last 90 days.