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Market overview
Median price by type
As of November 2026, homes for sale in Observatory, Richmond Hill, Ontario carry a median asking price of about $1,098,000, across 22 active MLS listings for sale. Asking prices have risen about 71.5% in the past month, a sign that buyer demand is running ahead of supply. 6 new listings came on this week, and inventory is on the tighter side, so well priced homes tend to attract attention quickly.
That sits above the Ontario median, reflecting steady demand for the area. On a per square foot basis, homes here run around $628, a useful benchmark when two listings look similar on paper. Because prices are firming, getting pre approved and moving decisively on the right home makes a difference.
What is the average home price in Observatory?
As of November 2026, the median asking price for a home in Observatory, Richmond Hill, Ontario is about $1,098,000. By property type, houses sit around $1,890,000 and condos around $638,000.
Is Observatory a buyer's or seller's market right now?
Observatory is currently a balanced market, without a strong tilt toward buyers or sellers.
How many homes are for sale in Observatory?
There are currently 22 active MLS listings for sale in Observatory, Richmond Hill, Ontario, updated daily on haho.ca.
What are the most popular neighbourhoods in Observatory?
Observatory has a range of established and up and coming neighbourhoods. Use the neighbourhood filters above to compare them by price and inventory.
How long does it take to sell a home in Observatory?
Time to sell in Observatory depends on price and condition. Well priced, move in ready homes tend to sell fastest.