Newmarket’s housing market is shifting in favor of buyers as spring 2026 approaches. Sales are up by 10.3%.
Prices have dropped for every type of property compared to last March.
The average selling price is lower than before.
Both the average and median prices fell by 9.7%. While there are slightly fewer new listings, the total number of homes for sale has increased.
Now, let's take a closer look at the numbers.
March 2026 vs March 2025
| Metric | March 2025 | March 2026 | Change |
|---|---|---|---|
| Average Price | $1,083,628 | $978,941 | -9.7% |
| Median Price | $1,032,900 | $932,900 | -9.7% |
| Total Sales | 58 | 64 | +10.3% |
| New Listings | 221 | 206 | -6.8% |
| Active Listings | 277 | 290 | +4.7% |
| SNLR | 40.3% | 34.4% | -5.9 |
| Average Days on Market | 17 | 32 | +15 days |
| SP/LP | 99% | 97% | -2 |
Source: TRREB Market Watch, March 2026.
Both the average and median prices dropped by 9.7% compared to last year. The average price went from $1,083,628 in March 2025 to $978,941 in March 2026, a decrease of about $105,000.
The median fell from $1,032,900 to $932,900, down $100,000. Because both numbers fell by the same percentage, it suggests the price correction has affected the entire market, not just certain price ranges.
More Inventory, Longer Selling Times
Although new listings fell by 6.8% compared to last March, the total number of homes for sale still rose from 277 to 290. Homes are taking much longer to sell, with the average days on market increasing from 17 to 32, which is an 88% jump.
The sale-to-list price ratio also dropped from 99% to 97%, indicating that sellers are accepting offers further below their asking price.
This is a major shift for buyers. There is now more room to negotiate and less pressure from competing offers. This also means that buyers have more time to find the right home.
By Property Type: Average Sold Price
| Property Type | March 2025 | March 2026 | Change |
|---|---|---|---|
| Detached | $1,263,185 | $1,119,649 | -11.4% |
| Semi-Detached | $921,089 | $823,913 | -10.6% |
| Freehold Townhouse | $970,125 | $879,042 | -9.4% |
| Condo Townhouse | $766,500 | $668,688 | -12.8% |
| Condo Apartment | $563,000 | $554,333 | -1.5% |
Source: TRREB Market Watch, March 2026.
By Property Type: Median Sold Price
| Property Type | March 2025 | March 2026 | Change |
|---|---|---|---|
| Detached | $1,245,000 | $1,110,000 | -10.8% |
| Semi-Detached | $1,020,000 | $854,000 | -16.3% |
| Freehold Townhouse | $970,250 | $843,625 | -13.1% |
| Condo Townhouse | $732,000 | $702,375 | -4.0% |
| Condo Apartment | $570,000 | $489,500 | -14.1% |
Source: TRREB Market Watch, March 2026.
Detached homes are still the most active segment in Newmarket. Sales increased from 33 to 40, a 21.2% rise.
The average price for detached homes dropped 11.4%, from $1,263,185 to $1,119,649. The median price fell 10.8%, from $1,245,000 to $1,110,000, a decrease of $135,000 compared to last year.
Semi-detached homes saw the average price drop by 10.6% and the median by 16.3%. Freehold townhouses also declined, with the average down 9.4% and the median down 13.1%.
Condo townhouses had the biggest average drop at 12.8%, though the median fell only 4.0%. Condo apartments held up best on average, with just a 1.5% decrease, but the median dropped 14.1%.
Newmarket Price Trend Over the Past Year
| Month | Average Price | Sales | SNLR | MOI |
|---|---|---|---|---|
| March 2026 | $978,941 | 64 | 34.4% | 4.5 |
| February 2026 | $971,554 | 46 | 33.8% | 4.6 |
| January 2026 | $912,737 | 48 | 34.3% | 4.4 |
| December 2025 | $1,002,379 | 44 | 33.9% | 4.4 |
| November 2025 | $953,743 | 60 | 34.9% | 4.3 |
| October 2025 | $1,021,156 | 75 | 36.6% | 4.0 |
| September 2025 | $1,002,082 | 83 | 37.1% | 3.9 |
| August 2025 | $995,420 | 83 | 37.2% | 3.8 |
| July 2025 | $983,445 | 91 | 36.7% | 3.8 |
| June 2025 | $1,062,024 | 84 | 36.4% | 3.8 |
| May 2025 | $1,083,258 | 85 | 37.3% | 3.7 |
| April 2025 | $1,127,400 | 66 | 39.2% | 3.5 |
| March 2025 | $1,083,628 | 58 | 40.3% | 3.3 |
Source: TRREB Market Watch, March 2026.
The average price peaked in April 2025 at $1,127,400 and has gradually declined since then, reaching a low of $917,737 in January. Since then, the market has been gradually increasing the last two months with the current average sale price being $978,941 in March 2026.
The sale-to-list price ratio has been at or below 100% for the last 13 months. Since March 2025, it has not gone above 100%. It hit exactly 100% in May 2025 and stayed between 97% and 99% throughout the rest of the year.
In the last seven months, it has been 98% or lower. Sellers in Newmarket have been accepting offers below their asking price for a full year.
What This Means Heading into April
For sellers:
Prices are lower than last year, and homes are taking longer to sell. However, activity is increasing. Sales rose from 48 in January to 64 in March, a 33% jump in three months, and the sale-to-list price ratio stayed steady at 97%.
If you're considering selling, the spring market is picking up, but it’s important to price your home accordingly. Homes priced at or near market value are still selling.
Homes that are overpriced tend to sit on the market and often sell for much less than the asking price.
For buyers:
This is a strong buyer’s market. With 4.5 months of inventory and a sales-to-new-listings ratio of 34.4%, most properties are not getting multiple offers. You have time to research, negotiate on price, and add conditions. Detached home prices have dropped significantly, and all property types except condo apartments have seen double-digit drops in median price.