Mile Square, Kingston - September 2026 Real Estate Report

Mile Square, Kingston: Prices Are Sliding - Here Is What You Need To Know Right Now

The Vibe Right Now

If you have been watching the "For Sale" signs in Mile Square lately, here is what is actually happening. The market is taking a breather. Values are dipping across the board for both houses and condos, and the numbers are clear enough that homeowners here should be paying attention - not panicking, but definitely paying attention.

Houses: Still Solid, But Softening

The average HonestDoor Price for a house in Mile Square sits at $627,947 - down 0.78% from the previous period. The 3-month moving average is $639,001, and the predicted value is currently $632,862. That gap tells us the trend is still pointing downward in the short term. We are not in freefall, but we are not climbing either.

• Average HonestDoor Price: $627,947
• Predicted Market Value: $632,862
• 3-Month Moving Average: $639,001
• Recent Price Change: -2.15%
• Average Rental Estimate: $3,005 per month
• Rental Yield: 5.38% - that is a strong return for landlords
• Airbnb Estimate: $149 per night
• Neighbourhood Growth Rank: 24 out of 44 Kingston neighbourhoods

That growth rank puts us in the bottom half of the Kingston leaderboard right now. Woodbine is fetching $673,732 and Lemoine Point is at $692,981 - both sitting above us. Bayridge West comes in cheaper at $584,716, so Mile Square is holding a middle-ground position. The silver lining? A 5.38% rental yield is genuinely strong. If you are holding this property as an investment, the income story is still working in your favour.

Condos: More Pressure, Worth Watching Closely

Condos in Mile Square are feeling a bit more heat. The average HonestDoor Price is $292,456, down 2.48% from the previous period. The predicted value is $299,894 against a 3-month moving average of $304,131 - again, that gap signals continued softness.

• Average HonestDoor Price: $292,456
• Predicted Market Value: $299,894
• 3-Month Moving Average: $304,131
• Recent Price Change: -0.74%
• Average Rental Estimate: $1,569 per month
• Rental Yield: 4.19% - moderate, but not bad
• Airbnb Estimate: $78 per night
• Neighbourhood Growth Rank: 34 out of 44 Kingston neighbourhoods

A growth rank of 34 out of 44 is a number worth taking seriously. Nearby Woodbine condos are predicted at $339,450 - that is a meaningful gap above us. If you own a condo here and have been assuming your value is holding steady, the data says otherwise. The rental yield of 4.19% is moderate - it works, but it is not the standout story that houses are telling right now.

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

Here is the thing about your city assessment - it is a snapshot from the past. It does not know that Mile Square house prices have moved -2.15% recently. It does not track the 3-month moving average. It is essentially a photograph of a market that no longer exists.

Your HonestDoor Price is updated in real time. It is pulling in current sales data, market trends, and neighbourhood comparisons right now - not from two years ago. For Mile Square homeowners, that difference matters. If your assessment says your house is worth X and the HonestDoor Price says something different, the HonestDoor Price is the one that reflects what a buyer would actually offer you today. That is the number you want in your back pocket before you make any decisions.

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

Straight talk: if you are thinking about listing this summer, the window is not getting wider. Prices are trending down, the growth rank for both houses and condos sits in the below-average range on the Kingston leaderboard, and the 3-month moving averages are above current predicted values - which means the recent direction is downward.

That does not mean you should panic-sell. It means you should get informed fast. A few things to think about right now:

• Pull your HonestDoor Price today - do not rely on last year's assessment to set your expectations
• If you own a house, the 5.38% rental yield gives you a real option to hold and rent if the sale price does not meet your number
• If you own a condo, the gap between Mile Square and Woodbine or Bayridge West pricing is worth understanding before you list
• Summer inventory typically rises in Kingston - more competition means buyers have more choices, which adds pressure on price

The best move right now is knowing your actual number. Not the assessed number. Not a neighbour's guess. The real-world, right-now HonestDoor Price - so you can decide from a position of information, not assumption.

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.