There are currently 337 sold bungalow listings in Richmond Hill, Ontario with an average price of $1,157,325 CAD.
- Listings:
- 337
- Avg. Price:
- $1,157,325
Bungalows Sold in Richmond Hill, 337 Listings
Richmond Hill Bungalow Market Trends & Statistics
Verified MLS® bungalow pricing, sales velocity, and historical inventory data.
Richmond Hill Historical Bungalow Market Breakdown
| Timeframe | Median Sold Price | Bungalows Sold | Avg. Days on Market | Active Inventory |
|---|---|---|---|---|
| 6 Months | $1,080,000 | 109 | 35 days | 116 |
| 1 Year | $1,080,000 | 178 | 34 days | 116 |
| 3 Years | $1,160,000 | 337 | 32 days | 116 |
| 5 Years | $1,160,000 | 337 | 32 days | 116 |
Sold Bungalow Benchmarks & Market Trends in Richmond Hill
Reviewing recently sold bungalows in Richmond Hill provides direct, unvarnished insight into actual closing values and transaction liquidity. With 337 verified bungalow sales recorded on the MLS®, buyers and sellers can track real sale prices, sale-to-list price ratios, and average days on market (DOM).
Historical sales data in Richmond Hill demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.
Average Prices by Bedroom in Richmond Hill
| Bedrooms | Avg. Price | Active Listings |
|---|---|---|
| 2 Beds | $869,235 | 17 |
| 3 Beds | $1,079,132 | 64 |
| 4 Beds | $1,221,058 | 135 |
| 5+ Beds | $1,168,323 | 118 |
Richmond Hill Bungalow Pricing: Entry, Benchmark & Luxury Tiers
Recent MLS® sales in Richmond Hill establish clear pricing benchmarks. Entry-level single-storey properties have traded from $621K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $4.1M. The benchmark average sold price for a bungalow in Richmond Hill sits at $1.2M.
Because land value represents the overwhelming majority of a bungalow's total equity in Richmond Hill, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.
Secondary Suites, ADUs & Investment Potential in Richmond Hill
Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Richmond Hill, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in 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 Richmond Hill exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.
Top Neighborhoods in Richmond Hill
Exploring sub-areas within Richmond Hill can help buyers compare average prices and active inventory across communities.
| Neighborhood | Avg. Price | Listings |
|---|---|---|
| Crosby | $953,848 | 104 |
| Harding | $1,026,421 | 64 |
| Mill Pond | $1,154,034 | 47 |
| Oak Ridges | $1,164,455 | 37 |
| Oak Ridges Lake Wilcox | $1,364,450 | 34 |
| North Richvale | $1,018,750 | 13 |
| Westbrook | $2,453,000 | 10 |
| South Richvale | $2,027,667 | 10 |
| Rural Richmond Hill | $1,963,500 | 7 |
| Jefferson | $1,379,000 | 7 |
Accessibility, Aging-in-Place & Downsizer Demand in Richmond Hill
With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in 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 Richmond Hill represents a secure lifestyle and real estate investment.
Frequently Asked Questions
Everything you need to know about bungalows in Richmond Hill.