Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
The median detached house in King Township sold for $1,850,000 from January to October 2026, down 9.1% from 2025 and about 12.7% below 2024 (TRREB MLS data via REALM). Freehold townhouses sold at a median of $1,200,000. Your own value depends on your land, location in King, condition and recent similar sales.
This guide is for owners in King City, Nobleton, Schomberg and the rest of King Township who want a realistic number before selling in 2027. You will get three years of real sale prices by home type, how King compares with nearby towns, and a simple way to turn a township median into a price for your own house.
How much is my house worth in King City right now?
The fastest honest answer is the median for your type of home. The median is the middle sale: half of the homes sold for more and half sold for less. From January to October 2026, the median detached house in King Township sold for $1,850,000. Freehold townhouses sold at a median of $1,200,000 and condo apartments at $550,000.
| Home type (King Township) | Median Jan–Oct 2024 | Median Jan–Oct 2025 | Median Jan–Oct 2026 | Change vs 2025 | Sales 2026 | Avg. days on market 2026 |
|---|---|---|---|---|---|---|
| Detached | $2,120,000 | $2,035,000 | $1,850,000 | −9.1% | 150 | 47 |
| Freehold townhouse | $1,405,750 | $1,335,000 | $1,200,000 | −10.1% | 13 | 30 |
| Condo apartment | $647,500 | $645,500 | $550,000 | −14.8% | 19 | 77 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 and 2024. Township of King, all communities combined. Semi-detached (3 sales in 2026) and condo townhouses (no sales) left out.
These are township-wide numbers. TRREB splits King into five communities: King City, Nobleton, Schomberg, Pottageville and Rural King. A village home near the King City core, a newer house in Nobleton and a 10-acre property in the countryside are all “detached”, but they are very different products. Use the median as a starting point, not as your answer.
Also notice how small some groups are. With only 13 townhouse sales and 19 condo sales, one unusual unit can move the median a lot.
Are house prices in King Township going down?
Yes, for every main home type. The detached median has now fallen two years in a row, from $2,120,000 in 2024 to $1,850,000 in 2026. That is $270,000 lower, or about 12.7%, by my math on the REALM figures.
Homes are also taking longer to sell. The average detached house sat for 47 days in 2026, up from 33 in 2024. Detached sales held fairly steady at 150, compared with 142 in 2025, so buyers are still there. They are simply paying less and taking more time.
Supply is the other part of the story. REALM showed 194 active detached listings in King, against about 15 detached sales a month this year. At that pace, the listings on the market would take close to 13 months to sell. That is a buyer-friendly market, and pricing has to respect it.
The wider GTA looks similar. TRREB reported 5,040 GTA sales in September 2026, down 9% from a year earlier, with the average price about 5% lower. Then the Bank of Canada raised its policy rate to 2.50% on 28 October 2026, its first hike in more than three years. Higher borrowing costs tend to hit the top of the market hardest, and King is the top of the market in York Region.
Why is the King average price so much higher than the median?
The average detached sale in King was $2,201,627 in 2026, while the median was $1,850,000. The gap is about $350,000. That happens when a smaller number of very expensive sales, such as large estates and horse farms, pull the average up. The median ignores how far those big sales sit above the middle.
For most owners, the median is the better guide. If you own a typical house in King City or Nobleton, the average will flatter you. If you own an estate on a large lot, neither number tells you much. You need sales of properties with similar land, buildings and setting, which I cover in my King Township luxury estates guide.
How does King compare with Vaughan, Aurora and other nearby towns?
King has the highest detached median in this group, and it also has the slowest sales. That tells you buyers who choose King are paying for land, privacy and setting, and there are fewer of them.
| Municipality | Detached median Jan–Oct 2026 | Change vs 2025 | Avg. days on market 2026 |
|---|---|---|---|
| King | $1,850,000 | −9.1% | 47 |
| Richmond Hill | $1,485,000 | −8.9% | 31 |
| Vaughan | $1,415,000 | −5.0% | 30 |
| Aurora | $1,370,000 | −2.0% | 32 |
| Whitchurch-Stouffville | $1,230,000 | −6.5% | 38 |
| Caledon | $1,180,000 | −7.3% | 40 |
| Newmarket | $1,070,000 | −10.1% | 27 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025. Municipality-wide medians.
Two points matter for sellers. First, many King buyers are also looking in Vaughan, Aurora or Richmond Hill, where a detached house costs $365,000 to $480,000 less at the median. Your house has to explain why it is worth the extra. Second, King detached homes sat 15 to 17 days longer on average than homes in those three towns. Plan your timeline and carrying costs for that.
Instant Home Valuation
What’s your home
worth today?
Answer six quick questions and get an instant value range built from current Toronto & GTA sale data — property type, size, condition, lot and location all weighted the way a real pricing conversation weighs them. Takes about ninety seconds.
Reading recent GTA sale data…
Building your estimate
Estimated market value
—
$0–$0
Most likely value $0 · roughly $0 per square foot
What moved the number
Starting from the area baseline for your property type, here’s what each answer added or subtracted.
Market context
Recent local averages for comparison.
—
A range is a starting point.
A strategy is what sells.
This model doesn’t know that your neighbour’s identical semi went $80,000 over asking last month, or which two upgrades actually pay back in your area. That conversation is free and takes twenty minutes.
What makes one King City house worth more than another?
In a township this varied, the property itself moves the price more than the town median does. These are the things I look at first:
- Land. Lot size, shape and how usable it is. A flat, open acre is worth more to most buyers than the same area on a steep slope or in a wet low spot.
- Location inside King. Walking distance to the King City village core and the GO station, or a quiet road in Nobleton, appeals to a different buyer than a remote country lot.
- Planning rules. According to the Township, about two-thirds of King is on the Oak Ridges Moraine and about one-third is in the Greenbelt. Those rules can limit what a buyer can add or build, so a lot with fewer limits can be worth more.
- Services. Many rural homes use a private well and septic system. Buyers will ask for water test results, the septic system’s age and any service records. Missing records can turn into a price cut or a condition in the offer.
- Size, age and updates. Above-grade square footage, a finished lower level, the age of the roof, windows and furnace, and the kitchen and baths all matter.
- Outbuildings. Barns, workshops and garages add value only when they are in good shape and suit the next buyer.
How do I turn the King median into a price for my house?
Here is the simple process I use with owners:
- Find true comparables. Look for sold homes, not listings, of the same type, in the same part of King, with similar land and size, sold in the last six months if possible. In a thin market you may need to go back further and adjust for the drop in prices since then.
- Adjust for differences. Add or subtract for lot, size, condition, garage, finished basement and setting. Be honest about what your home lacks.
- Check the competition. Look at what is listed now at your price. If similar homes have sat for 60 days or more, your price needs to beat them, not match them.
- Set a range, then a list price. In a slower market, pricing at or just under the likely sale price usually brings more showings than starting high and cutting later.
The estimator above gives you a quick range. A full comparative market analysis, built from recent sold properties near you, is the next step. If you want to know how a CMA differs from a bank appraisal, read CMA vs appraisal vs MPAC, explained.
Is my MPAC assessment what my King house is worth?
No. MPAC says property assessments for the 2026 tax year are still based on values as of 1 January 2016, because the province postponed the reassessment. Your assessment is used to split up the property tax bill. It is not a current market value, and buyers will not pay based on it.
Many King owners see an assessment far below today’s market price. That gap is normal and does not mean your house is undervalued or overvalued.
In King, the first two weeks on the market matter most. Buyers here are few, careful and well informed, and they track how long a listing has been sitting. I would rather price a King home correctly on day one, with clean well, septic and permit records ready, than chase the market down with price cuts. A house that looks stale at 90 days usually sells for less than one priced right at the start.
Who is buying in King City, and how do mortgage rules affect them?
At King prices, most buyers need a large down payment. In Canada, homes priced at $1.5 million or more cannot be bought with an insured mortgage, so the buyer must put at least 20% down. On a house at the $1,850,000 median, that is $370,000 in cash before closing costs.
That shapes who can buy. Many King buyers are selling another home first, often in Vaughan, Richmond Hill or Toronto. That can mean longer closings and offers that depend on selling their own house. A good listing plan checks each buyer’s financing and any sale-of-home condition before you accept.
Rates matter too. After the 28 October 2026 hike, the big banks raised their prime rate to 4.70%, so variable-rate and line-of-credit costs went up. Some buyers will qualify for less than they did in the summer.
Do not price off one great sale on your street from 2024. The King detached median is about 12.7% lower than it was then, and an old record sale can set your expectations too high. Also check for open building permits or unpermitted work on additions, pools and outbuildings before you list. In a rural township, buyers’ lawyers look closely, and surprises late in a deal often cost sellers money.
Should I sell my King City house now or wait for spring 2027?
There is no right answer for everyone. Spring often brings more buyers, but it also brings more competing listings, and King already has plenty. Rate direction is uncertain too. The Bank of Canada has said further increases may be needed and is deciding one meeting at a time, with its next decision on 9 December 2026.
My view, and it is only a view: if you have already bought your next home or need to move, a well-priced winter listing faces less competition. If you have time, use the winter to fix records, small repairs and photos, then list early in spring. For more on timing, see sell in December or wait for spring 2027. And before you pick a number, know what you will keep after costs with this guide to seller closing costs in Ontario.
If you are still choosing who to work with, my guide on how to choose a realtor in King City covers the questions to ask.
What to do next
- Use the estimator above to get a first price range for your King home.
- Gather your records: well water tests, septic details, permits, survey and a list of updates with dates.
- Pull at least five sold comparables from your part of King, with similar land and size, from the last six to twelve months.
- Walk through the current competition at your price and note how long each listing has been up.
- Book a full comparative market analysis before you set a list price for 2027.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
How much is my house worth in King City?
A typical detached house in King Township sold for a median of $1,850,000 from January to October 2026, according to TRREB MLS data via REALM. That figure covers King City, Nobleton, Schomberg and rural King together. Your own value depends on recent sales of similar homes nearby, your land, condition and services such as well and septic, so treat the median as a starting point only.
What is the average house price in King City in 2026?
The average detached sale in King Township was $2,201,627 for January to October 2026, while the median was $1,850,000. The average is higher because a smaller number of large estates and farm properties pull it up. For a typical King City or Nobleton house, the median is the better guide, per TRREB MLS data via REALM.
Are house prices dropping in King Township?
Yes. The King Township detached median fell 9.1% from January–October 2025 to the same months of 2026, to $1,850,000. It is about 12.7% below the 2024 median of $2,120,000. Freehold townhouses fell 10.1% and condo apartments 14.8%. These are year-to-date figures from TRREB MLS data via REALM, not forecasts.
How long does it take to sell a house in King City in 2026?
Detached houses in King Township averaged 47 days on market from January to October 2026, up from 33 days in 2024. That is 15 to 17 days longer than in Vaughan, Aurora or Richmond Hill. Well-priced homes can sell faster, while estates and unusual properties often take longer, per TRREB MLS data via REALM.
Is King City more expensive than Vaughan?
Yes. The detached median in King was $1,850,000 from January to October 2026, compared with $1,415,000 in Vaughan, a gap of $435,000. King homes also sat longer, at 47 days on average versus 30 in Vaughan. King buyers pay for larger lots, privacy and a rural setting, according to TRREB MLS data via REALM.
Does my MPAC assessment show what my King house is worth?
No. MPAC assessments for the 2026 tax year are still based on 1 January 2016 values because Ontario postponed the province-wide reassessment. The assessment sets your share of property taxes, not your sale price. Buyers and lenders look at recent comparable sales in King Township instead, so a low assessment does not mean a low market value.
How much down payment does a buyer need for a King City house?
At $1.5 million or more, a home cannot be bought with an insured mortgage in Canada, so the buyer needs at least 20% down. On a King detached house at the 2026 median of $1,850,000, that is $370,000 before closing costs. This is why many King buyers are selling another home first, which can affect closing dates.
What adds the most value to a house in King Township?
Usable land and location inside the township usually add the most value in King. After that come size, updates, a finished lower level and well-kept outbuildings. Clean records for the well, septic system and building permits also protect value, because buyers in rural King often make their offers conditional on those checks.
Should I sell my King City house before spring 2027?
It depends on your plans. Spring often brings more buyers to King Township, but also more competing listings, and King already had 194 active detached listings in REALM’s 2026 data. If you need to move soon, a well-priced winter listing faces less competition. If you have time, prepare over winter and list early in spring 2027.
Sources
- TRREB Community Housing Market Report: York – King, Q2 2026 (community names)
- TRREB Market Watch, September 2026
- Township of King: About King (Oak Ridges Moraine and Greenbelt)
- MPAC: The assessment cycle
- CMHC: CMHC Purchase (insured mortgage rules, $1.5 million limit)
- Financial Consumer Agency of Canada: Down payment
- Bank of Canada: Policy rate announcement, 28 October 2026
Related reading
- Seller Closing Costs in Ontario for 2027: Every Fee Before You Get Paid
- How to Sell a House in Toronto, Step by Step (2027)
- Closing Costs on a New Build in Ontario: What Builders Add
- How Much Is My House Worth in Caledon? (2027)
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.