The Hill, Richmond Hill - August 2026 Real Estate Report

The Hill, Richmond Hill: Your Neighbour Just Got a Raise. Did You?

If you own a home in The Hill and you haven't checked your property value lately, you're probably leaving money on the table. The numbers coming out of this neighbourhood right now tell a pretty clear story - houses here are moving fast, holding value, and outpacing most of Richmond Hill on growth. Here's the real breakdown.

The Vibe: What's Actually Happening on Our Streets

Houses in The Hill

We're sitting in a solid spot right now. The average HonestDoor Price for a house in The Hill is $1,528,498 - up 2.74% from the previous period. That's not a fluke. The predicted market value is $1,487,720, and it's trending upward from the 3-month moving average of $1,478,457. Our neighbourhood is ranked 1 out of 9 in Richmond Hill for growth rate. That's the top of the leaderboard.

On the sales side, the average sale price came in at $1,360,000, with listings averaging $1,399,000 this month. Buyers are paying about 97.21% of list price, which means there's a little room to negotiate - but not much. Properties are selling in an average of 13 days. That's fast. Days-on-market ranks 1 out of 5 in Richmond Hill, meaning our homes are among the quickest to sell in the entire city.

• Average HonestDoor Price (Houses): $1,528,498
• Price change: up 2.74%
• Average sale price: $1,360,000
• Average list price this month: $1,399,000
• Sale-to-list ratio: 97.21%
• Average days on market: 13
• Price per square foot: $485
• Estimated monthly rent: $5,471
• Rental yield: 4.12%
• Growth rank: 1 out of 9 in Richmond Hill
• Days-on-market rank: 1 out of 5 in Richmond Hill

One thing worth noting - we rank 6 out of 6 on price among comparable neighbourhoods, meaning we're the most affordable option in that comparison group. For buyers, that's a green light. For sellers, it means pricing sharp and clean will get results fast.

Condos in The Hill

The condo picture is a bit more nuanced, but still worth paying attention to. The average HonestDoor Price for condos is $763,027, essentially flat - down just 0.07%. That's basically a rounding error, not a warning sign. The predicted market value is $763,529, which is actually climbing above the 3-month moving average of $747,840. Recent property value change sits at 4.44%, and that earns us a rank of 2 out of 9 in Richmond Hill for condo growth. That's above average, and it's real momentum.

Compare that to nearby Richmond Hill North East, where the predicted condo value is $733,300. We're ahead of them. Richmond Hill Bathurst comes in higher at $944,913, and Markham Cathedral is lower at $683,098. We're comfortably in the middle - but trending up.

• Average HonestDoor Price (Condos): $763,027
• Price change: down 0.07% (essentially flat)
• Predicted market value: $763,529
• 3-month moving average: $747,840
• Recent value change: 4.44%
• Estimated monthly rent: $3,504
• Rental yield: 3.32%
• Airbnb estimate: $174 per night
• Airbnb rank in Richmond Hill: 3
• Growth rank: 2 out of 9 in Richmond Hill

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

Here's the thing about your city assessment - it's a snapshot from the past. The Municipal Property Assessment Corporation updates values on a cycle, which means the number on your tax bill could be reflecting a market that existed a year or two ago. A lot can change in that time, and in The Hill, it has.

The HonestDoor Price is a real-world check. It pulls from current sales data, market trends, and live comparable activity to give you a number that actually reflects what your home is worth today - not what a government spreadsheet thought it was worth back then. With house values up 2.74% and sitting at an average of $1,528,498, there's a real gap between what the assessment says and what a buyer would actually pay you right now. That gap is your equity. You should know what it is.

If you're a condo owner, the same logic applies. A 4.44% recent value change is meaningful. Your HonestDoor Price is tracking that movement in real time. Your assessment probably isn't.

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

If you've been sitting on the fence about listing this summer, the data in The Hill is giving you a nudge. Here's what it means in plain terms.

For house sellers - you're in the top neighbourhood in Richmond Hill for growth and speed. Homes are selling in 13 days on average. Buyers are paying 97 cents on every dollar of list price. That's not a slow market. That's a market that rewards sellers who price honestly and present well. With an average rental estimate of $5,569 per month and an Airbnb potential of $277 per night, buyers are also doing the math on income potential - which keeps demand healthy.

For condo sellers - the story is quieter but not bad. Values are holding, the predicted price is nudging upward, and a rental yield of 3.32% keeps investor interest alive. The Airbnb rank of 3 in Richmond Hill means short-term rental buyers are paying attention to this area too.

Bottom line - The Hill is not a neighbourhood that's cooling off. It's one of the stronger performers in Richmond Hill right now. If you want to know exactly where your home sits in this market before you make any moves, pull your HonestDoor Price. It's the number that actually matters this summer.

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.