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There are currently 16 for sale bungalow listings in North Richvale, Richmond Hill, Ontario with an average price of $2,239,506 CAD.

Listings:
16
Avg. Price:
$2,239,506
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North Richvale, Richmond Hill Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(33.3% SNR)
Median Sold (6M)
$1,077,500
-36.6% YoY
Avg. Days on Market
42 Days
6-month closed average
Sold (6M) / Active
6 / 18
Closed vs active inventory
6M / 2Y Price Change
-56.5% (6M)
2Y trend: -17.7%
Nov 26: Median $1,045,000 • 1 sold • 14 DOMHover or tap points to inspect monthly data
$740k$1.21M$1.68M$2.15M$2.62MDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

North Richvale, Richmond Hill Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$1,077,500642 days18
1 Year$1,110,0001134 days18
3 Years$1,215,0002933 days18
5 Years$1,215,0002933 days18

Bungalow Living & Market Dynamics in North Richvale, Richmond Hill

The single-storey housing market in North Richvale, Richmond Hill currently offers 16 verified bungalow listings on the MLS®. As one of the most coveted property segments across Ontario, bungalows in North Richvale, Richmond Hill are distinguished by their generous lot frontages—typically spanning 50 to 70+ feet—mature tree canopies, and exceptional privacy compared to modern high-density subdivisions.

Buyers exploring North Richvale, Richmond Hill will find diverse single-storey architectural configurations: classic mid-century detached brick bungalows, raised bungalows featuring high above-grade windows that flood lower levels with natural light, modern executive bungalofts with ground-floor primary suites, and expansive split-level designs.

Average Prices by Bedroom in North Richvale, Richmond Hill

BedroomsAvg. PriceActive Listings
2 Beds$2,199,0001
3 Beds$2,308,06010
4 Beds$2,119,0003
5+ Beds$2,145,0003

North Richvale, Richmond Hill Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Based on active MLS® real estate data, the benchmark average price for a detached bungalow in North Richvale, Richmond Hill is currently $2.1M. Entry-level bungalows start around $550K, presenting accessible opportunities for first-time buyers, downsizers, or renovation enthusiasts seeking solid structural footprints. At the upper tier, luxury custom bungalows and executive estates on premium mature lots command up to $7.9M.

Because land value represents the overwhelming majority of a bungalow's total equity in North Richvale, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in North Richvale, Richmond Hill

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in North Richvale, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in North Richvale, Richmond Hill can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).

This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in North Richvale, Richmond Hill exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Accessibility, Aging-in-Place & Downsizer Demand in North Richvale, Richmond Hill

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in North Richvale, Richmond Hill deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in North Richvale, Richmond Hill represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in North Richvale, Richmond Hill.

The average listing price for a bungalow in North Richvale is currently $2.1M, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.