Oct 2026
Average Price
$1,305,943
As mentioned in the section above, King City recorded relatively lower sales activity and slower inventory turnover than what we saw in other areas of the province. The King real estate market trends show that detached homes made up the biggest share of both sales and active listings. Condo apartments made up the second-largest share of both sales and inventory. Freehold townhouses accounted for a moderate share of sales and listings. Meanwhile, condo townhouses and semi-detached homes saw limited market activity, with both sales and inventory remaining low throughout the decade.
Market activity was fairly steady during this period, with sales volumes typically ranging from 15 to 60 units. Active listings generally sat between 130 and 215 properties.
Transaction volumes were usually between 10 and 40 homes. In contrast, inventory expanded considerably, rising from around 175 active listings in April 2017 to frequently between 200 and 400 units throughout the rest of the phase. This was the most inventory-rich period in the King real estate market within the decade under study.
Buyer demand strengthened substantially, resulting in monthly sales volumes that commonly ranged from 30 to 75 homes (except for a dip in early 2020). Meanwhile, active listings generally fluctuated between 170 and 300 properties. Sales reached their highest level of the decade during this period under review (76 transactions in April 2021), while inventory growth was far more limited than the increase in demand.
Home sales were typically in the 10 to 50 unit range, while active listings generally sat between 75 and 215 homes.
Sales activity generally ranged from 10 to 35 homes per month. At the same time, active listings varied between 120 and 300 properties and gradually increased over the course of the period.
The market saw a further increase in inventory while sales activity eased. Transaction volumes were between 10 and 30 homes, whereas active listings ranged from 200 to 360 properties.
King City has 265 properties currently listed on the market, while 28 sales have been recorded.
Source: Based on analysis of historical information made available from respective real estate boards.
Detached homes recorded the strongest sales activity across all property types reviewed in King, generating 2,868 sales. Their average sale price over the decade reached approximately $2.07M.
Semi-detached houses remained a much smaller segment in the King City housing market, recording 37 sales with an average sale price near $1.05M.
Freehold townhouses stayed active, recording 230 sales, while averaging roughly $1.15M.
Condo townhouses represented the smallest segment in the real estate market in King, with just 6 sales and an average sale price of approximately $1.01M.
Condo apartments remained active, posting 271 sales, the second-highest among all property types, with average pricing around $599.94K.
Throughout this phase, the King housing market remained highly active, with absorption rates ranging from 50% to 80%.
Absorption rates stayed mostly below 35%, showing that a smaller share of available listings was selling each month.
The real estate market in King saw a noticeable rise in activity from 2020 into early 2022. After starting the period with an absorption rate of around 29% in January 2020, the market quickly picked up pace, with the absorption rate reaching 91.38% in November and 73.63% in December. By early 2022, the pace had eased a little.
After the extremely busy stretch seen in 2020 and 2021, the market settled into a more balanced pattern, according to the King Housing Market Report. In most months, absorption rates stayed within the 25% to 50% range.
Market activity remained moderate, with homes continuing to sell at a steadier pace. Absorption rates generally ranged between 20% and 40%.
This period was marked by consistently lower absorption rates, often ranging from 15% to 30%. The increased inventory gave buyers more choice and negotiating power, while sellers faced a slower and more competitive market.
The real estate market in King, Ontario, presently has an absorption rate of 26%.
The King City housing market experienced a number of significant shifts over the decade under review. No doubt, for much of this period, King City moved through the same general cycles as the broader housing market. However, the changes in King City house prices from one month to the next were more substantial than in other housing markets. That brings us to an important question: what was behind these bigger shifts in King City?
Well, unlike many housing markets in the GTA, where a wider range of housing types and higher transaction volumes shape the market, King City is more strongly defined by estate-style properties, luxury-oriented demand and limited inventory. A large share of King’s housing stock consists of custom-built homes, expansive properties and upscale detached homes, which tend to attract affluent buyers generally less affected by economic headwinds. The sale of even a handful of these high-end properties can have a noticeable effect on overall home prices in King City.
The latest King City housing market figures offer a snapshot of how property prices have shifted over time. Prices have changed by -15.66% in the past year, 4.80% over five years, and 23.47% over ten years.
Average sold prices in King were generally heading higher during this period, going from around $880K in mid 2016 to $1.31M by mid 2017. But it wasn’t an upward climb every single month, as prices moved back and forth along the way. The time homes spent on the market also went up and down, ranging from 11 to 63 days. Some of the fastest sales happened in spring 2017, while February was the slowest month for the real estate market.
Property prices in King stayed within a fairly similar range during this period, with the average sold price generally landing between about $900K and $1.30M. Meanwhile, the time homes spent on the market changed from one month to the next, with properties selling in as little as 21 days in November 2017 and taking as long as 72 days in September 2018.
For much of 2019, home prices sat between $850K and $1.0M. Prices then started picking up through 2020, crossing the $1.0M mark in most months from May onward. Properties took increasingly longer to sell through 2019, reaching 70 days in December, while through much of 2020, selling times generally came down.
King City house prices climbed considerably during this period, generally falling between $1.25M and $2.0M. Buyers were moving quickly, and homes were often selling within just 10 to 30 days.
King City property prices went through major ups and downs from mid 2022 through 2023. The second half of 2022 saw some of the highest prices of the period, including $2.63M in August and $2.39M in November. Prices then took a turn lower, reaching $1.71M in July 2023. Then, when it came to selling times, homes were taking longer to sell, with days on market rising from 16 days in June 2022 to 32 days in August and 47 days in November. Through 2023, homes generally took longer to sell than they did in early 2022, with days on market ranging from 13 to 51 days.
Throughout this phase, property prices did not follow a consistent direction from month to month. Prices reached $1.82M in August 2024, came down to $1.29M in May 2025, and then increased to $2.07M in November. Then, according to the King City real estate market update, in 2026, prices reached $1.83M in January and $1.86M in February, then gradually moved down to $1.33M by August. Properties didn’t always sell at the same pace either. In some months, they sold within 20-27 days, while in December 2025 and January 2026, homes took more than 100 days to sell.
As of now, King City property prices are around $ 1,305,943, and homes are staying on the market for roughly 57 days.
King typically has a much smaller rental inventory available at any given time. Here, most rental options consist of detached homes, luxury estate properties, basement apartments, secondary suites, and only a limited number of condo units. However, while King City does not see the same level of rental activity as in larger markets, average rents have remained relatively high due to the dominance of larger homes and upscale properties.
Looking at the latest King housing market report, average rents have recorded a -1.92% change over the past year, a -2.54% change over five years, and a 60.40% change over the past decade.
Average rents generally ranged from $1,800 to $3,400, with several months remaining above the $3,000 mark. At the same time, leasing activity stayed relatively stable, with most months recording between 3 and 10 leased properties.
As the market transitioned into the next phase, rental prices were typically found between $2,100 and $4,860. Meanwhile, leasing activity remained largely unchanged, with lease counts most often falling between 3 and 10 properties – some periods recorded zero transactions.
Rental prices in King were a little lower during this period, while more leasing activity was recorded. Average rents fluctuated between $2,200 and $4,000, while leasing activity ranged from 5 to 10 units.
Rents climbed over this period, remaining within the $2,500 to $4,640 range. Leasing activity remained fairly steady, generally sitting between 5 and 10 leased properties each month.
Average rental prices were typically between $2,500 and $4,000, while leasing activity stayed relatively modest, with most months registering between 1 and 10 units.
Leasing activity accelerated, with leased units frequently ranging from 7 to 24 properties. Rents in King City generally remained within the $2,900 to $3,800 range.
Right now, average rental prices are around $ 2,887 and 28 properties are on the rental market, according to the latest King City housing market report.