North Park, Victoria - October 2026 Real Estate Report
North Park, Victoria: Your Home Is Worth More Than The City Thinks
If you own a place in North Park and you have not checked your numbers lately, now is the time. The city's assessment is one thing. What your home could actually sell for is another conversation entirely.
The Vibe: What's Happening on Our Streets Right Now
Houses - Steady, Affordable, and Moving Fast
If you have been watching the "For Sale" signs in North Park, here is what is actually happening with houses. We are sitting in a stable market right now. One house sold recently at $698,000, coming in at 99.86% of the list price. Buyers are paying close to asking, but they are not in a frenzy. That is a healthy sign for both sides of the deal.
- Average sale price: $698,000
- Current listings averaging: $699,000
- Price per square foot: $515
- Average days on market: 14
- Predicted market value: $996,628
- 3-month moving average: $986,729 - and the trend is climbing
- Estimated monthly rent: $4,137
- Rental yield: 4.77%
Here is the stat that should make house owners in North Park feel good. Our growth rate ranks 1 out of 14 comparable neighbourhoods in Victoria. That is not a typo - we are at the top of the leaderboard. And our homes are among the most affordable in the city (price rank 13 out of 13), which means buyers looking for value are going to keep pointing at North Park. That combination of affordability and top-tier growth is a rare thing.
For context, the average sale price here is slightly below Downtown's $762,688, but our predicted market value of $996,628 tells a different story about where things are heading.
Condos - Fast Sales, Big Numbers, Worth a Closer Look
The condo picture in North Park is a bit more nuanced, and honestly, it is worth paying attention to. One condo sold at $300,000, which came in at 97.56% of list price. Buyers are still paying close to asking, and condos are flying off the market - average days on market is just 11 days, which ranks 1 out of 13 neighbourhoods in Victoria. When something sells that fast, it tells you demand is real.
- Average sale price: $300,000
- Current listings averaging: $307,500
- Price per square foot: $526
- Average days on market: 11 - fastest in Victoria
- Predicted market value: $2,119,289
- Estimated monthly rent: $6,204
- Rental yield: 2.83%
- Airbnb rank in Victoria: 2nd
The condo market is taking a small breather on growth - values have shifted by -3.86% recently and the predicted value is dipping slightly below the 3-month moving average of $2,181,099. That said, ranking 2nd in all of Victoria for Airbnb income potential is a serious perk for anyone thinking about short-term rental income.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here is the thing about your city assessment. It is a snapshot from the past. It does not know what happened on your street last month. It does not factor in your renovated kitchen or the fact that buyers are actively circling North Park right now.
The HonestDoor Price is the real-world check. It pulls from actual market activity and updates in real time - not once a year.
For houses in North Park, the average assessed value is $938,631. The average HonestDoor Price is $965,213. That is a gap of 2.83% - real money sitting on the table that the city's number is not capturing. And while the HonestDoor Price has pulled back 3.15% from the previous period, the predicted market value for houses is still climbing toward $996,628.
For condos, the gap is even more striking. The average assessed value is $450,627. The average HonestDoor Price is $2,221,127. That is a 392.90% difference. If you are a condo owner relying on your assessment to understand what you own, you are working with the wrong number. Full stop.
285 houses and 523 condos were assessed this year in North Park. That is a lot of properties where owners may be sitting on a very different reality than what their tax notice says.
The "So What?" - Thinking About Selling This Summer?
Let's be straight about what this market is telling us right now.
If you own a house in North Park and you are thinking about selling this summer, the timing has something going for it. Growth ranks first in Victoria. The predicted value is trending upward. Fourteen days on market means you are not going to be sitting around waiting. The market is not red-hot, but it is solid and moving in the right direction.
If you own a condo, the picture is a bit more mixed. Values have dipped recently, but condos are selling faster than anywhere else in Victoria. If you price it right, you will not be waiting long. The Airbnb income potential - ranked 2nd in the city at $313 per night - is also a strong selling point you can put in front of buyers who want flexibility.
For both property types, the single most important thing you can do before you list is check your HonestDoor Price. Not your assessment. Not what your neighbour thinks their place is worth. The actual, current, data-driven number. That is where the conversation with your agent should start.
- House growth rank: 1 out of 14 in Victoria - top of the leaderboard
- Condo days-on-market rank: 1 out of 13 in Victoria - fastest seller in the city
- HonestDoor Price for houses is 2.83% above the city assessment
- HonestDoor Price for condos is 392.90% above the city assessment
- Average rental estimate for houses: $4,048 per month
- Average Airbnb estimate for condos: $313 per night
North Park is not the flashiest neighbourhood name in Victoria. But the numbers say it is punching well above its weight. If you own here, that is worth knowing.
north park | victoria | october 2026This 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.