Richmond Hill

The median sale price in Richmond Hill is $950K. Condos sit at a median of $406K and co-ops at $208K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.

Yes. The median sale price in Richmond Hill sits within a few percent of the 5-year high. Pricing is firm and listings priced near the comparable median tend to clear with limited room for negotiation.

Sale listings in Richmond Hill have a median of 11 days on market. That is 27 days faster than the same point a year ago. Roughly 20.0% of active listings have recorded a price cut, suggesting some negotiating room.

Richmond Hill is broadly balanced right now, with median days on market at 11 days and 20.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Richmond Hill offers both co-ops and condos. Condos are the higher-priced segment at a $406K median, with co-ops at $208K.

Roughly 9 homes change hands each month in Richmond Hill across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.

The overall median asking rent in Richmond Hill is $2,150/month. Rents are down 10.4% year over year.

Median asking rent in Richmond Hill is currently $645 below the 5-year high set in February 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Richmond Hill has risen 13.2% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.

Within walking or short-transit distance of Richmond Hill, median sale prices range across South Richmond Hill at $700K, Woodhaven at $700K, Kew Gardens at $465K, Briarwood at $155K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Richmond Hill is served by the Bus service. The commute to Midtown Manhattan runs roughly 134 minutes from Nearest bus stop.

Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Richmond Hill, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].