Richmond Hill North East, Richmond Hill - July 2026 Real Estate Report

Richmond Hill North East: What Your Home Is Actually Worth Right Now

If you live in Richmond Hill North East and you haven't checked your HonestDoor Price lately, you might be leaving real money on the table - or making decisions based on numbers that are already out of date. Here is the straight story on what is happening in our corner of Richmond Hill right now.

The Vibe: Houses vs. Condos - Two Very Different Stories

We are seeing a split market in Richmond Hill North East, and it matters which side of that split your property sits on.

Houses: The average HonestDoor Price for a house here sits at $1,250,735, down a modest 0.38% from last period. Think of it as the market taking a breather, not falling off a cliff. The predicted market value is $1,255,500, and that number is actually climbing - up from a 3-month moving average of $1,243,787. One house sold recently at $1,585,000, which tells us that well-positioned homes are still commanding serious money. Price per square foot runs around $576.

• Average HonestDoor Price (Houses): $1,250,735
• Recent sale price: $1,585,000
• Price per sq ft: $576
• Rental estimate: $4,889 per month
• Rental yield: 4.33% - solid, moderate returns
• Airbnb potential: $243 per night
• Growth rank: 6 out of 9 on the Richmond Hill neighbourhood leaderboard
• Price rank: 3 out of 6 - above average for Richmond Hill

On the leaderboard, houses here rank 6th out of 9 Richmond Hill neighbourhoods for growth. Not leading the pack, but not at the back either. For context, our average house price still beats out Richmond Hill East ($1,384,566 HonestDoor Price) in terms of where buyers are actually transacting.

Condos: This is where we need to be honest with each other. Condo values in Richmond Hill North East have moved up 6.26% in the HonestDoor Price to $733,300 - and that is the highest condo price among nearby neighbourhoods. Richmond Hill North West sits at $646,137, Richmond Hill East at $580,406, and Richmond Hill C at $591,792. We are the priciest condo market in the area.

• Average HonestDoor Price (Condos): $733,300 - up 6.26%
• Predicted market value: $690,095
• 3-month moving average: $730,165 - trending down
• Rental estimate: $3,414 per month
• Rental yield: 3.46%
• Airbnb potential: $169 per night
• Growth rank: 9 out of 9 on the Richmond Hill neighbourhood leaderboard

That last number deserves attention. Condos here rank dead last - 9th out of 9 - for growth in Richmond Hill right now. The predicted value of $690,095 is already sitting below the 3-month moving average of $730,165, and recent value change is down 6.84%. If you own a condo here, that is a signal worth taking seriously.

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

Here is the thing about your city assessment - it is a snapshot frozen in time. The Municipal Property Assessment Corporation updates values on a cycle that can lag the real market by years. A lot has happened to Richmond Hill real estate since the last assessment landed in your mailbox.

The HonestDoor Price is a real-world check. It pulls from current sales data, market movement, and comparable properties right now - not two years ago. For houses in Richmond Hill North East, the HonestDoor Price of $1,250,735 reflects a market that has shifted recently, with a 2.35% value change already baked in. Your assessment almost certainly does not reflect that. For condo owners, the 6.26% jump in the HonestDoor Price is the kind of move your assessment will not catch until it is old news.

Checking your HonestDoor Price takes two minutes and gives you the number that actually matters when you are deciding whether to sell, refinance, or just understand what your biggest asset is worth today.

The So What: Thinking About Selling This Summer?

If you own a house in Richmond Hill North East and you are thinking about listing this summer, the window is open - but it is not wide open. The market is steady, not surging. That $1,585,000 recent sale shows buyers are still active and willing to pay for the right property. With a price rank of 3rd out of 6 in Richmond Hill, we sit in a competitive spot. Price it right from day one and you have a real shot at a strong result.

If you own a condo here, the conversation is more urgent. Sitting at the bottom of the Richmond Hill growth leaderboard and with predicted values trending below the recent moving average, waiting is not your friend right now. The HonestDoor Price of $733,300 is the high-water mark - and the data suggests that number has more room to drift down than up in the near term.

Either way, the first move is the same - pull your HonestDoor Price, compare it to what your neighbours are listing at, and make a decision based on what the market is actually doing today. Not last year. Not the last assessment cycle. Today.

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.