Freehold or condo? That is the first fork in the road for anyone shopping for a townhouse in Richmond Hill, and the price gap between the two is the headline of this November 2026 market watch. Freehold townhouses were listed at a median of $1.04M and condo townhouses at $865K. 131 townhouses changed hands in the last 90 days.
Freehold vs condo townhouse in Richmond Hill
Freehold
$1.04Mmedian asking
108 listed
Sold, 90 days: $1.02M
No condo fee
Condo townhouse
$865Kmedian asking
38 listed
Sold, 90 days: $740K
Fee about $320/mo
A freehold townhouse in Richmond Hill is listed for about $180K more than a condo townhouse at the median. At the median condo fee, that gap equals roughly 47 years of fees, a useful way to judge whether the cheaper price really is cheaper over the time you plan to stay. On a mortgage with 20% down, the gap adds about $794 a month (illustrative 4.49% rate, 25 years).
What your budget buys in Richmond Hill
Set your budget first, then see what it gets you: the number of townhouses listed in each band and the bedroom count that is typical there.
| Budget | Townhouses listed | Typical size |
|---|---|---|
| Under $600K | 7 | 2 bed |
| $600K to $800K | 26 | 3 bed |
| $800K to $1M | 72 | 3 bed |
| $1M to $1.25M | 48 | 3 bed |
| $1.25M and up | 16 | 3 bed |
Townhouse sales in Richmond Hill: last 90 days vs a year ago
| Last 90 days | Same period last year | |
|---|---|---|
| Townhouses sold | 131 | 136 |
| Median sale price | $986K | $1.05M |
| Sale-to-list | 98.1% | 97.5% |
| Sold over asking | 27% | 28% |
| Days on market | 28 | 23 |
The median townhouse sale in Richmond Hill is down 5.8% from a year ago, on down 3.7% from the number of sales.
Neighbourhood price ladder
From the lowest typical asking price to the highest, for Richmond Hill neighbourhoods with at least three townhouses listed. Langstaff is the most affordable entry point this month.
| Neighbourhood | Typical ask | Listed |
|---|---|---|
| Langstaff | $899K | 11 |
| North Richvale | $904K | 14 |
| Rural Richmond Hill | $945K | 38 |
| Oak Ridges | $995K | 21 |
| Westbrook | $999K | 14 |
| Jefferson | $1,000K | 21 |
| Oak Ridges Lake Wilcox | $1.09M | 11 |
| Doncrest | $1.1M | 11 |
Townhouse checklist
- Compare the full monthly cost, not just the price: mortgage, property tax and any condo or POTL fee together.
- On a condo townhouse, read the status certificate before you firm up. It shows the reserve fund, upcoming work and any special assessments.
- End units, garages and finished basements carry a premium. Decide which ones matter to you before you start viewing, so you compare like with like.
- If your complex has a recent status certificate, have it ready. Condo townhouse buyers almost always make their offer conditional on it.
Townhouse market watch: other cities
Townhouse buyers ask
Is a freehold townhouse more expensive than a condo townhouse in Richmond Hill?
In November 2026 freehold townhouses were listed at a median of $1,044,450 and condo townhouses at $864,950. Condo townhouses also carry a monthly fee.
What did townhouses sell for in Richmond Hill recently?
The median townhouse sale over the last 90 days was $986,000 across 131 sales.
Which Richmond Hill neighbourhood has the cheapest townhouses?
Langstaff, with a typical asking price of $899,000.
Asking prices come from the townhouses for sale on Townhouse Connect on November 1, 2026. Sales figures are totals of MLS® townhouse sales in Richmond Hill for the 90 days to that date and the same 90 days a year earlier. Payment figures are illustrative, not a mortgage offer.
Townhouses for sale in Richmond Hill right now
Live listings from the area this article covers.
$959,00021 Walkview Crescent, Richmond Hill3 bed · 3 bath · Oak RidgesCourtesy of CAPITAL NORTH REALTY CORPORATION
$918,0005 - 56 North Lake Road, Richmond Hill3 bed · 4 bath · Oak Ridges Lake WilcoxCourtesy of REMAX YOUR COMMUNITY REALTY
$699,000A201 - 67 Saigon Drive, Richmond Hill3 bed · 2 bath · Rural Richmond HillCourtesy of RE/MAX EXCEL REALTY LTD.
$769,99925 - 11 Plaisance Road, Richmond Hill3 bed · 2 bath · North RichvaleCourtesy of AVION REALTY INC.
$649,900TH 1123 - 12 David Eyer Road, Richmond Hill2 bed · 3 bath · Rural Richmond HillCourtesy of ROYAL LEPAGE VISION REALTY
$698,990114 - 51 Jefferson Side Road, Richmond Hill3 bed · 3 bath · JeffersonCourtesy of HOMELIFE LANDMARK REALTY INC.