Hamilton, Richmond - August 2026 Real Estate Report

Hamilton, Richmond: Your Home Is Worth More Than the City Thinks

If you own a place in Hamilton and you have not checked your HonestDoor Price lately, here is the short version - the city's assessment is running about 5.71% behind reality. That gap is real money. On an average home, we are talking roughly $66,000 sitting between what the government has on file and what the market actually says your property is worth right now.

The Vibe: What Is Happening With Houses and Condos

Hamilton is a neighbourhood that does not make a lot of noise, but the numbers are worth paying attention to. Here is how houses and condos are each telling a different story this month.

Houses - Steady, Affordable, and Moving

Houses in Hamilton are holding their ground. The average sale price came in at $800,000 this month, which is down 3.9% from last month, but context matters here. The HonestDoor predicted market value sits at $1,227,822 - and that number is actually climbing above the 3-month moving average of $1,218,647. So while the recent sale price dipped, the underlying value trend is pointing up.

• Average HonestDoor Price: $1,224,949
• Average assessed value: $1,158,753 (the city is behind by 5.71%)
• Average sale price this month: $800,000
• Price per square foot: $643
• Estimated monthly rent: $4,760
• Airbnb potential: $236 per night
• Rental yield: 4.48% - moderate but real
• Properties sold this month: 1
• Total 2026 transactions: 13

On the neighbourhood leaderboard, Hamilton houses rank 4 out of 15 for growth in Richmond - that puts us in the above-average tier. For price, we rank 12 out of 13, which means Hamilton is one of the more affordable entry points for houses in the whole city. That combination - affordable price, above-average growth - is exactly what buyers are hunting for right now.

Compare us to the neighbours: Queensborough houses are selling around $675,000, so Hamilton is actually coming in higher on the sale price side. Big Bend is in a different league at $1,903,186, and Annacis Island is more affordable at $966,317. Hamilton sits comfortably in the middle - not the cheapest, not the priciest.

Condos - The Surprise Performer

Here is the one that will raise some eyebrows. Hamilton condos rank 1 out of 15 for growth in Richmond right now. That is the top spot. The predicted market value jumped to $726,453, up significantly from the 3-month moving average of $651,815. That is a 20.29% move in recent value - the kind of number that gets attention.

• Average HonestDoor Price: $576,782
• Predicted market value: $726,453
• 3-month moving average: $651,815
• Average sale price this month: $595,000
• Price per square foot: $606
• Estimated monthly rent: $2,814
• Rental yield: 3.63%
• Airbnb potential: $140 per night
• Properties sold this month: 1
• Total 2026 transactions: 2

One thing to flag honestly - the HonestDoor Price for condos shows a 20.60% decrease from the previous period. Low transaction volume means individual sales can swing the numbers hard. With only 2 transactions in 2026, one outlier sale moves the whole average. The predicted value model, which pulls from a broader data set, is telling a more optimistic story at $726,453. That gap is worth watching.

For price rank, condos sit at 6 out of 13 in Richmond - above average. And compared to nearby Queensborough condos at $781,468, Hamilton is the better-priced option with the top growth rank. That is a real edge.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Your city assessment is a snapshot taken in the past. It does not update when the market moves, when a new development breaks ground nearby, or when buyer demand shifts. The HonestDoor Price pulls from current sales data, market trends, and real-time signals - so it reflects what a buyer would actually pay today, not what the city calculated months ago.

In Hamilton, that difference is $66,196 on average for houses. If you are making any financial decision - refinancing, selling, even just understanding your net worth - using the assessed value alone is leaving information on the table. The HonestDoor Price is the real-world check. Use it.

With 1,392 properties assessed in the neighbourhood this year, there is plenty of data to work with. Your number is not a guess - it is grounded in what is actually happening on the street.

The So What - Should You Sell in Hamilton This Summer?

Here is the honest read for anyone thinking about listing this summer.

For house owners - the market is taking a breather on sale prices, but your underlying value is trending up. You are in a neighbourhood that ranks above average for growth and is one of the most affordable in Richmond, which means buyer interest is real. Low inventory - only 1 sale this month - means less competition if you list. That is not a bad position to be in.

For condo owners - you are sitting on the top-ranked growth neighbourhood in Richmond right now. If the predicted value of $726,453 is closer to reality than the recent sale average, there may be upside that the market has not fully priced in yet. Thin transaction volume cuts both ways - it can mean your listing stands out, but it also means pricing it right is critical. Do not rely on the assessed value. Pull your HonestDoor Price first.

Bottom line - Hamilton is not the flashiest neighbourhood in Richmond, but the numbers suggest it is one of the smarter ones to own in right now. If you have been sitting on the fence about selling, this summer is worth a serious conversation.

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.