Jul 2026
Average Price
$1,411,447
Compared with most GTA housing markets, King City generally sees relatively lower sales activity and slower inventory turnover. Now, as reflected in the King real estate market trends, detached homes have accounted for the largest share of both sales and active listings throughout the past decade. Condo apartments rank second for sales and inventory levels. Freehold townhouses have generated a moderate level of sales and listing activity. Meanwhile, the condo townhouses and semi-detached homes have seen limited market activity, with both sales and inventory staying low throughout the decade.
Market activity was fairly steady during this period, with sales volumes typically ranging from 30 to 60 units. At the same time, active listings generally sat between 185 and 270 properties.
Transaction volumes were usually between 10 and 40 homes. In contrast, inventory expanded considerably, rising from approximately 230 active listings in 2017 to frequently between 390 and 460 units throughout 2018 and 2019. This was the most inventory-rich period of the decade, although sales activity remained relatively moderate.
Buyer demand strengthened substantially, resulting in monthly sales volumes that commonly ranged from 30 to 75 homes. Meanwhile, active listings generally fluctuated between 200 and 380 properties. Sales reached their highest level of the decade during this period, while inventory growth was far more limited than the increase in demand.
Home sales were typically in the 20 to 50 range, while active listings generally sat between 150 and 270 homes.
Sales activity generally ranged from 20 to 35 homes per month. At the same time, active listings varied between 150 and 300 properties and gradually increased over the course of the period.
The market has seen a further increase in inventory while sales activity has eased. Transaction volumes have typically been between 10 and 25 homes, whereas active listings have ranged from 200 to 360 properties. According to the May 2026 King City housing market, sales stand at 25 units while active listings total 352 properties.
Market activity remained exceptionally strong, with absorption rates staying above 50% in most months and regularly pushing past 70%. The busiest stretch came in February 2017, when the absorption rate surged beyond 80%.
Absorption rates stayed mostly below 35%, showing that a smaller share of available listings was selling each month.
From mid 2020, absorption rates climbed above 50% in many months and repeatedly surged past 60% and 70%, reflecting highly active market conditions.
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 45% range.
Market activity had remained moderate, with homes continuing to sell at a steadier pace. Absorption rates generally ranged between 20% and 40%.
The latest period has been marked by consistently lower absorption rates, often ranging from 14% to 30%. The increased inventory is giving buyers more choice and negotiating power, while sellers are facing a slower and more competitive market.
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, generating 2,944 sales. Their average sale price over the decade reached approximately $2.05M.
Semi-detached houses remained a much smaller segment in the King City housing market, recording 35 sales with an average sale price near $1.05M.
Freehold townhouses also stayed active, producing 238 sales, while averaging roughly $1.14M.
Condo townhouses represented the smallest segment, with just 6 sales and an average sale price of approximately $1.01M.
Condo apartments remained active, posting 276 sales, the third-highest among all property types, with average pricing around $594.23K.
Unlike many GTA housing markets that are shaped by a broader mix of housing types and higher transaction volume, the King housing market is more strongly defined by estate-style properties, limited inventory, and luxury-oriented demand. Custom-built homes, expansive properties, and upscale detached residences make up a large share of the King City housing stock, attracting affluent buyers who are generally less affected by the economic headwinds. The sale of just a handful of these high-end properties has a noticeable impact on the average home prices in King. Currently, King home prices are up 43.64% year-over-year and 30.06% year-to-date. Looking at the bigger picture, the long-term performance remains equally impressive, with prices increasing 39.90% over the past five years and 113.20% over the last decade. Another notable update from the current King City real estate market is that homes are taking longer to sell in 2026, giving buyers more opportunity and greater flexibility.
King City house prices, which were around $870K at the beginning of the cycle, steadily climbed and almost reached $1.3M by the end of the phase. Homes typically spend between 20 and 50 days on the market before selling.
The market then entered a more balanced phase, with prices remaining relatively steady. Most homes sold within a range of approximately $850K to $1.1M. At the same time, selling timelines became somewhat longer, with homes generally spending between 25 and 60 days on the market.
Home prices were commonly landing between $1.2M and $1.6M, with several months reaching even higher levels. Buyers were acting quickly, and homes were often selling within just 10 to 30 days.
Market activity remained strong, with property prices typically ranging from $1.3M to $2.5M. August 2022 stood out as the peak of the decade, recording the highest average sale price at $2.63M. Even at these elevated price points, homes generally sold within 15 to 50 days.
Home prices had softened, with average sold prices typically landing between $1.2M and $2.0M. Days on market ranged from about 20 days to more than 100 days.
Prices are remaining steady at elevated levels, with most months recording average prices between $1.3M and $1.8M. Selling timelines remain in line with the previous phase.
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. According to the King housing market report, rental rates have climbed 63.07% over the past decade. Meanwhile, they are currently 10.58% lower than a year ago.
Average rents generally ranged from $1,800 to $3,500, with several months pushing beyond the $3,000 mark. At the same time, leasing activity stayed relatively stable, with most months recording between 5 and 10 leased properties.
As the market transitioned into the next phase, rental prices were typically found between $2,100 and $4,000. Meanwhile, leasing activity remained largely unchanged, with lease counts most often falling between 4 and 10 properties.
Rental prices climbed noticeably during this period, with average rents frequently landing between $2,300 and $4,000. Leasing activity also strengthened, with most months posting between 5 and 10 leased units.
Momentum continued to build as average rents commonly ranged from $3,000 to $4,600 per month. Leasing activity remained fairly steady, generally sitting between 5 and 10 leased properties each month. November 2023 marked the highest average rent recorded across the entire ten-year period, reaching $4,644 per month.
Average rental prices were typically between $2,500 and $3,700, while leasing activity stayed relatively modest, with most months registering between 1 and 10 units.
More recently, leasing activity has accelerated, with leased units frequently ranging from 6 to 24 properties. Rental house prices in King have generally remained within the $2,700 to $3,700 range.
