The Hill, Richmond Hill - July 2026 Real Estate Report

The Hill, Richmond Hill: What Your Home Is Actually Worth Right Now

If you live in The Hill and you have not checked your HonestDoor Price lately, this is your nudge. The market here is doing some interesting things depending on whether you own a house or a condo - and the gap between the two stories is worth paying attention to.

The Vibe: Houses vs. Condos in The Hill

Houses

The house market in The Hill is steady. Not flashy, but solid. The one sale we saw closed at $1,360,000, and listings are sitting at an average ask of $1,399,000. Buyers are paying about 97 cents on the dollar, which means there is a little room to negotiate - but not a lot. The average HonestDoor Price for houses sits at $1,487,720, up a modest 0.20% from last period.

• Average HonestDoor Price (Houses): $1,487,720 (up 0.20%)
• Average sale price: $1,360,000
• Average list price: $1,399,000
• Sale-to-list ratio: 97.21% - buyers are paying below ask
• Average days on market: 13 days
• Price per square foot: $485
• Estimated monthly rent: $5,471
• Rental yield: 4.13%

Thirteen days on market is fast. On the Richmond Hill leaderboard, The Hill ranks 1 out of 5 for speed - meaning houses here move faster than almost anywhere else in the city. That is a real advantage if you are a seller. The trade-off is that on price growth, we rank 9 out of 9 compared to similar neighbourhoods. The Hill is not leading the charge on appreciation right now - it is taking a breather. But homes are still selling, and they are selling quickly.

Condos

The condo picture is a bit more nuanced. The average HonestDoor Price jumped 4.44% to $763,529 - that is a meaningful move. But the predicted market value of $731,087 is actually trending down from the 3-month moving average of $760,260. So the broader HonestDoor estimate is climbing, while the shorter-term trend is pulling back slightly. That kind of split is worth watching.

• Average HonestDoor Price (Condos): $763,529 (up 4.44%)
• Predicted market value: $731,087
• 3-month moving average: $760,260
• Recent value change: -2.38%
• Estimated monthly rent: $3,504
• Rental yield: 3.39%
• Airbnb rank in Richmond Hill: 2nd best

On the neighbourhood leaderboard, condo growth in The Hill ranks 5 out of 9 - right in the middle of the pack. Not a standout, but not falling behind either. One bright spot: our condos are priced above nearby Richmond Hill North East ($690,095), which signals The Hill still carries a premium in the condo space.

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 what sold on your street last month. It does not factor in where rents are heading or what buyers are actually paying right now. The HonestDoor Price is updated in real time, pulling in current sales data, rental estimates, and market movement. For houses in The Hill, that number is $1,487,720. For condos, it is $763,529. Those are the numbers that reflect today's market - not a government estimate that could be one, two, or even three years out of date. If you are making any financial decision tied to your home's value, start with the HonestDoor Price, not the assessment notice in your mailbox.

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

If you own a house in The Hill and you are thinking about listing this summer, the timing has something going for it. Homes are moving in 13 days on average - that is not a slow market. Buyers are engaged. The sale-to-list ratio of 97.21% means you are not going to get a bidding war frenzy, but you are also not going to be sitting on the market for months watching your price drop. Price it right and you will find a buyer fast.

On the growth side, be realistic. The Hill is not the top performer on the Richmond Hill leaderboard right now - that 9 out of 9 growth rank tells us appreciation has slowed compared to other neighbourhoods. If you are selling, lean into the speed advantage and price competitively from day one. Do not chase a number that the market is not going to give you.

For condo owners, the short-term dip in predicted value (-2.38%) is worth a conversation with your agent before you list. The HonestDoor Price is up 4.44%, which is encouraging - but the 3-month trend is softening. Summer could still be a good window, especially with The Hill holding the number 2 Airbnb rank in Richmond Hill. That income potential is a real selling point for buyers who want flexibility.

Bottom line: The Hill is a stable, fast-moving market for houses and a watch-closely moment for condos. Check your HonestDoor Price, know your number, and make your move with real data behind you.

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.