Greenwood, Kingston - August 2026 Real Estate Report

Greenwood, Kingston: Your Neighbour Just Got a Surprise - Are You Paying Attention?

If you own property in Greenwood and you haven't checked your HonestDoor Price lately, now is the time. The numbers are moving in two very different directions depending on what you own - and that gap matters for your wallet.

The Vibe: Houses vs. Condos in Greenwood

Let's be straight with each other. The house and condo markets here are telling completely different stories right now.

Houses in Greenwood are holding their ground. The average HonestDoor Price sits at $717,851, down a modest 1.45% from the previous period. Think of it as the market taking a breather, not falling off a cliff. The forward-looking predicted value actually climbs to $728,443, which is running above the 3-month moving average of $722,592. That upward trend is a good sign for anyone watching from the sidelines.

• Average HonestDoor Price: $717,851
• Predicted Market Value: $728,443
• 3-Month Moving Average: $722,592
• Recent Value Change: +0.21%
• Average Rental Estimate: $3,350 per month
• Rental Yield: 5.19% - that is a strong return
• Airbnb Estimate: $166 per night
• Neighbourhood Growth Rank: 18 out of 44 in Kingston - above average on the leaderboard

A 5.19% rental yield on a house is not something you see everywhere in Kingston. If we are renting out or thinking about it, Greenwood houses are punching well on that front.

Condos in Greenwood are a different conversation. The average HonestDoor Price has dropped to $236,278, a significant 19.54% decrease from the previous period. That is a number worth sitting with. However - and this is important - the predicted value jumps to $293,647, well above the 3-month moving average of $279,518, with a recent change of +11.15%. The condo market here appears to be finding its floor and bouncing.

• Average HonestDoor Price: $236,278
• Predicted Market Value: $293,647
• 3-Month Moving Average: $279,518
• Recent Value Change: +11.15%
• Average Rental Estimate: $1,284 per month
• Rental Yield: 4.21% - moderate but steady
• Airbnb Estimate: $64 per night
• Neighbourhood Growth Rank: 2 out of 44 in Kingston - that is near the top of the leaderboard

That growth rank of 2 out of 44 is worth highlighting. Even with the price dip, Greenwood condos are ranked as one of the fastest-moving markets in all of Kingston right now. That kind of momentum is exactly what buyers and investors look for before prices catch up.

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for Your Tax Assessment

Here is the thing about your city assessment - it is a snapshot from the past. By the time it lands in your mailbox, the market has already moved on. The condo numbers above are a perfect example. A static government assessment would not show you that 11.15% recent swing or the predicted value climbing toward $293,647. It would show you a number from months ago that may have nothing to do with what a buyer would actually pay today.

The HonestDoor Price is updated in real time. It reflects what is actually happening on the street right now - not what happened when an assessor last ran the numbers. For Greenwood homeowners, that difference is not just academic. It could mean thousands of dollars in how you price a listing, negotiate a sale, or even challenge an assessment you think is off.

Check your HonestDoor Price before you make any move. It is the real-world check that your tax notice simply cannot give you.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Greenwood and you are thinking about listing this summer, the data gives you a reasonable case for confidence. Prices dipped slightly but the predicted value is trending up, the rental yield is strong, and sitting at rank 18 out of 44 in Kingston means we are in above-average territory. Buyers looking at comparable neighbourhoods will find Cataraqui River East ($672,856) and Markers Acres ($476,326) are cheaper options - which tells us Greenwood is priced as a step up, and the market is supporting that.

If you own a condo, the story is more nuanced. The current HonestDoor Price of $236,278 is below nearby options like Markers Acres ($312,151), Cataraqui River East ($425,922), and Ravensview ($426,800). That gap could mean two things - either Greenwood condos are undervalued right now and represent a buying opportunity, or sellers need to be realistic about where pricing sits today. The growth rank of 2 out of 44 suggests the market is waking up, but pricing your listing based on where you hope the market goes rather than where it is today is a risk.

Bottom line - summer 2025 in Greenwood is a market where information is your edge. Pull your HonestDoor Price, compare it to what sold nearby, and make your move with real numbers in hand.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.