Richmond Hill Doncrest, Richmond Hill - October 2026 Real Estate Report
Doncrest Is Still One of Richmond Hill's Priciest Addresses - But the Numbers Are Worth a Closer Look
The Vibe Right Now
If you live in Doncrest, you already know this neighbourhood commands a premium. Average home prices sitting at $2.2 million confirm it. But here is the thing - the market is sending some mixed signals right now, and depending on whether you own a house or a condo, the story is pretty different for us.
Houses: Still Expensive, Still Selling - But Watch the Trend
The house market in Doncrest is holding its ground. One home sold recently at $2,200,000, and it closed at 102% of list price. That means the buyer paid above asking. In this rate environment, that is not nothing. Properties are moving in about 32 days on average, which puts us near the faster end of the Richmond Hill leaderboard for days on market.
- Average sale price: $2,200,000
- Average listing price this month: $1,880,000
- Price per square foot: $746
- Sold-to-list ratio: 102.13% - buyers paid over asking
- Average days on market: 32
- Estimated monthly rent: $7,318
- Rental yield: 3.65%
Here is the honest part though. The predicted market value for houses is $2,190,742, and that number is dipping below the 3-month moving average of $2,229,785. Recent value change is sitting at -3.79%. On the Richmond Hill neighbourhood growth leaderboard, Doncrest houses rank 9 out of 9. Dead last. That does not mean panic - it means the market is taking a breather after a strong run. But if you are a seller, timing matters more than it did six months ago.
Condos: A Buyers' Market in a Sellers' Neighbourhood
The condo picture is a different animal. One unit sold at $675,000, but it closed at 97.4% of list price - meaning the buyer negotiated below asking. Current listings are averaging $693,000, which is actually higher than recent sale prices. That gap is worth watching. Condos here are moving fast though, ranking 1 out of 2 for days on market in Richmond Hill, with an average of just 17 days to sell.
- Average sale price: $675,000
- Average listing price this month: $693,000
- Price per square foot: $562
- Sold-to-list ratio: 97.40% - buyers paid under asking
- Average days on market: 17
- Estimated monthly rent: $2,689
- Rental yield: 3.72%
On the growth leaderboard, Doncrest condos rank 6 out of 9 - below average for Richmond Hill. The HonestDoor Price for condos here is $547,763, down 1.13% from the previous period. Compared to nearby Richmond Hill C ($594,200) and Richmond Hill East ($587,966), Doncrest condos are actually the more affordable option in this pocket of the city.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here is why this matters right now. Your city tax assessment is a snapshot frozen in time - often 12 to 24 months behind what is actually happening on your street. The HonestDoor Price is updated in real time using actual sales data, listing activity, and local market movement. For Doncrest house owners, that means your HonestDoor Price of $2,257,690 reflects a 3.06% increase from the previous period - a number your tax assessment almost certainly has not caught up to yet. That gap between what the city thinks your home is worth and what a buyer would actually pay today? That is your real equity position. Knowing it puts you in the driver's seat, whether you are refinancing, selling, or just keeping score.
For condo owners, the HonestDoor Price of $547,763 is slightly below recent sale prices, which is a useful reality check before you price a listing or make a move.
The So What - Should You Sell This Summer?
If you own a house in Doncrest and have been thinking about selling, this summer is not a bad window - but it is not a slam dunk either. You are still in the most expensive tier in Richmond Hill (price rank 1 out of 6), and homes are selling above list price. That is real leverage. The catch is that values have softened recently and growth is lagging the rest of the city. Waiting for a bigger rebound is a gamble. Listing while buyers are still paying over asking is a strategy.
If you own a condo, the calculus is tighter. Buyers have a bit more power right now, and listings are sitting above recent sale prices. If you need to sell, price sharp from day one. Condos that are priced right are still moving in under three weeks. Condos that are not are sitting.
Either way, the first step is knowing your actual number - not what the city assessed two years ago. Check your HonestDoor Price, see where you really stand, and make the call from there.
richmond hill doncrest | richmond hill | 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.