How much does a house cost in Observatory?

The median sold price in Observatory, Richmond Hill over the last 12 months was $775,000, across 39 sales. By home type: detached $1,809,000, semi-detached $1,590,000, townhouse $721,000 and condo $515,000.

Is Observatory expensive compared to the rest of Richmond Hill?

Observatory is the 3rd most affordable of the 18 Richmond Hill neighbourhoods with recorded sales by median sold price, at $775,000. The ranking covers every Richmond Hill neighbourhood with recorded sales in the last 12 months.

How competitive is the Observatory housing market?

Homes in Observatory sold in a median of 71 days on market, faster than the 75-day Richmond Hill median, closing at an average of 99% of the asking price. Homes here generally close at or below asking.

What is there to do in Observatory?

Observatory has 6 restaurants, 6 cafes and 6 grocery shops within walking distance. Places nearby include Kim Po Vietnamese Cuisine, Dear Saigon and Kaiyo Sushi, and green space at Jump City.

Do you need a car to live in Observatory?

Observatory scores 41 out of 100 for walkability, 0 for transit and 40 for cycling. A car is close to essential here. Scores are computed from the amenities and transit stops within one kilometre.

How much of a Down Payment Boost could I get in Observatory?

Zown shares its commission with buyers, up to $25,000, paid at closing. At Observatory's median sold price of $775,000, a Down Payment Boost works out to about $7,750 (1% of the price). Your amount depends on the home you buy and the commission offered on it.

Observatory, Richmond Hill Neighbourhood Guide

Observatory is the 3rd most affordable of the 18 Richmond Hill neighbourhoods with recorded sales, with a median sold price of $775,000 over the last 12 months. 54% of what is for sale here is detached houses. Jump City are among the places nearby. 26 homes are for sale on Zown today.

Observatory at a glance

Median sold price: $775,000 over the last 12 months, the 3rd most affordable of the 18 Richmond Hill neighbourhoods with recorded sales
How fast it sells: a median of 71 days on market, faster than the 75-day Richmond Hill median, at 99% of asking
What you can buy: 54% of listings here are detached houses, 26 on the market today
Getting around: Walk score 41 and transit score 0 out of 100
What you'll love: Somewhere to eat on every block, including Kim Po Vietnamese Cuisine and Dear Saigon
What not to expect: Thin transit. Most trips here are by car.
Your Down Payment Boost: About $7,750 at this neighbourhood's median price, paid at closing

Over the last 12 months 39 homes sold in Observatory, at a median of $775,000. That makes it the 3rd most affordable of the 18 Richmond Hill neighbourhoods with recorded sales. By home type that is detached at $1,809,000, semi-detached at $1,590,000, townhouse at $721,000 and condo at $515,000. Sales closed in a median of 71 days on market, faster than the 75-day Richmond Hill median, at 99% of the asking price against 98% city-wide.

What comes up for sale here is mostly detached houses (54%), condo townhouses (27%) and condo apartments (15%). 26 homes are on the market in Observatory right now.

Within walking distance you will find restaurants such as Kim Po Vietnamese Cuisine and Dear Saigon, cafes such as Oranous Pastry and Breso Bakery and grocery shops such as Oranous Pastry and 大統華 T&T Supermarket.

How much does it cost to buy in Observatory?

Median sold price by home type over the last 12 months, next to the same figure for Richmond Hill.

Detached

$1,809,000

22% above the Richmond Hill median

Semi-detached

$1,590,000

52% above the Richmond Hill median

Townhouse

$721,000

3% above the Richmond Hill median

Condo

$515,000

1% below the Richmond Hill median

How the Observatory market moves

Pace and competition over the last 12 months, next to the same figures across the city.

Days on market: 71
Sold vs asking: 99%
Homes sold: 39

What you can buy in Observatory

The 26 homes on the market today, by type.

Detached houses14 (54%)
Condo townhouses7 (27%)
Condo apartments4 (15%)
Townhouses1 (4%)

Observatory price trend

Median sold price each month in Observatory against Richmond Hill, over the last 12 months.

What your Down Payment Boost is worth in Observatory

Zown is a brokerage, so we earn a commission on the home you buy and give 1% of the price back to you, up to $25,000, paid at closing.

Home type	Median sold price	Estimated boost
Detached	$1,809,000	$18,090
Semi-detached	$1,590,000	$15,900
Townhouse	$721,000	$7,210
Condo	$515,000	$5,150

Estimates only. Your boost depends on the home you buy and the commission offered on it, and it is paid at closing. It adds to your overall savings and is most often used for closing costs.

Run your numbers

Where Observatory is

Centred on the homes currently for sale in Observatory.

Map of Observatory in Richmond Hill, Ontario

What's around Observatory

Places within about a kilometre of the middle of the neighbourhood.

Restaurants

Kim Po Vietnamese Cuisine
Dear Saigon
Kaiyo Sushi
Persia Restaurant
Sansotei Ramen
Tasty Shawarma

Cafes

Oranous Pastry
Breso Bakery
CafeGarni
Garni Bakery
CoCo Fresh Tea & Juice
Ramand Bakery

Groceries and markets

Oranous Pastry
大統華 T&T Supermarket
Super Talaee
Breso Bakery
Garni Bakery
Video 99 Convenience

Shops

Slim Herbal
Nail Spa Place
Times Optical
Beauty Supply Store
Hakim Optical
Elegant Nails

Parks and green space

Jump City

Gyms and rec centres

Body Vision
GoodLife Fitness
F45 Training

Going out

King Henry's Arms
The Shish Lounge & Cafe

Places data from OpenStreetMap contributors.

Getting around Observatory

Scores out of 100, computed from the amenities and transit stops within one kilometre of each home.

Walkable

41/100

Transit

0/100

Cycling

40/100

Restaurants

74/100

Shopping

23/100

Parks

10/100

Schools nearby

8/100

Quiet

49/100

Frequently asked questions

Explore other neighbourhoods in Richmond Hill

All Richmond Hill neighbourhoods

Homes for sale in Observatory

Sources

Prices, sales and listing counts refresh daily from the MLS. Last updated November 13, 2026.