Richmond Hill Home Prices & Values

$392,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.6% 1-year change
  • 2.0% 1-year forecast

The median home value in Richmond Hill is $392,600. Richmond Hill home values have gone up 7.6% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Richmond Hill is $321, which is lower than the New York average of $453. The median price of homes currently listed in Richmond Hill is $399,000 while the median price of homes that sold is $360,000. The median rent price in Richmond Hill is $1,495, which is lower than the New York median of $2,800.

Foreclosures will be a factor impacting home values in the next several years. In Richmond Hill 2.0 homes are foreclosed (per 10,000). This is greater than the New York value of 0.4 and also lower than the national value of 4.8

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Relative ZHVI
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Richmond Hill Market Overview

Data through May 31, 2014
  • $392,600 ZHVI
  • 2.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $399,000 Median listing price
  • No recent data Median sale price
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Richmond Hill Market Health

Data through May 31, 2014
  • 7.3/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

2 homes(Mar 31, 2014) Richmond Hill
0.4 homes New York
4.8 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Forest Hills Gardens $1,730,300 Forest Hills $706,900 Kew Gardens Hills $559,600
Jamaica Hills $516,000 Kew Gardens $461,100 Briarwood $424,300
Ozone Park $386,800 South Ozone Park $379,100 Woodhaven $374,400

Listings & Sales

Data through May 31, 2014
  • $321 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.3% Listings with price cut
7.7%
Sold below listing
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Richmond Hill Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,882 Richmond Hill
$2,210 New York
$1,310 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,495 Rent list price
  • No data Rent list price / sq ft
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