Prices are down by more than 11% compared to last April, but sales volume has jumped by almost 29%. Homes are selling faster, and the SP/LP ratio just hit 101%, which means on average, buyers are paying above asking price. The market is in transition, and there's a lot to unpack here. The table below gives us everything we need to understand what’s happening.
How Has Newmarket's Real Estate Market Changed Since Last Year?
| Metric | April 2025 | April 2026 | Change |
| Average Price | $1,127,400 | $998,202 | -11.5% |
| Median Price | $1,019,000 | $944,000 | -7.4% |
| Total Sales | 66 | 85 | +28.8% |
| New Listings | 248 | 270 | +8.9% |
| Active Listings | 340 | 342 | +0.6% |
| SNLR | 39.2% | 34.9% | -4.3 |
| Average Days on Market | 36 | 27 | -9 days |
| SP/LP | 97% | 101% | +4 |
Source: TRREB Market Watch, April 2026
The average home price in Newmarket dropped from $1,127,400 last April to $998,202 this April, a decrease of about $129,000 or 11.5%. The median fell 7.4% from $1,019,000 to $944,000. Prices are lower than a year ago across the board. The interesting part is that the average is falling faster than the median, meaning the higher end of the market is seeing the biggest pullback, while the middle is holding up better.
The standout number is the SP/LP ratio, jumping from 97% to 101%. A year ago, sellers accepted offers below asking on average. Now they get above asking. This significant shift shows well-priced homes in Newmarket attract competitive interest. With days on market dropping from 36 to 27, the pace of sales has picked up.
Activity Is Surging
Sales jumped from 66 to 85, an increase of almost 29%. That's one of the bigger year-over-year jumps in York Region this month. New listings are up 8.9%, but active listings barely moved, from 340 to 342. This shows new inventory is being absorbed. Buyers are showing up and making offers. The SNLR is at 34.9%, still technically a buyer's market, but momentum is shifting.
What Are Newmarket Home Prices by Property Type?
| Property Type | April 2025 | April 2026 | Change |
| Detached | $1,344,241 | $1,142,017 | -15.0% |
| Semi-Detached | $900,400 | $829,981 | -7.8% |
| Freehold Townhouse | $933,438 | $875,444 | -6.2% |
| Condo Townhouse | $672,500 | $649,500 | -3.4%* |
| Condo Apartment | $595,214 | $544,063 | -8.6% |
What Is the Median Home Price in Newmarket by Property Type?
| Property Type | April 2025 | April 2026 | Change |
| Detached | $1,270,000 | $1,072,000 | -15.6% |
| Semi-Detached | $916,500 | $868,000 | -5.3% |
| Freehold Townhouse | $947,500 | $828,000 | -12.6% |
| Condo Townhouse | $672,500 | $649,500 | -3.4%* |
| Condo Apartment | $623,500 | $500,000 | -19.8% |
Source: TRREB Market Watch, April 2026
Detached homes saw the biggest correction, down 15.0% on average and 15.6% on the median, a drop of about $200,000 on the median detached home. Semi-detached homes are down more moderately at 7.8% on average and 5.3% on the median. Freehold townhouses dropped 6.2% on average but 12.6% on the median, suggesting the mix of townhouses sold this year skewed differently than last year.
A note on the condo townhouse numbers: with only 2 sales in each period, these figures don't tell us much about the broader market. Take them as a data point, not a trend.
Condo apartments are down 8.6% on average and 19.8% on the median, though with only 7-8 sales each period, individual transactions can move these numbers significantly. For buyers at the entry-level price point in Newmarket, there are opportunities in the $500K range that were not available a year ago.
How Have Newmarket Home Prices Trended Over the Past 14 Months?
| Month | Average Price | Sales | SNLR | MOI |
| April 2026 | $998,202 | 85 | 34.9% | 4.4 |
| 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, April 2026
The trend tells a clear story. The average price peaked in April 2025 at $1,127,400, then dropped through summer and fall, hitting a low of $912,737 in January 2026. Since then, it has been climbing back. February was $971,554, March was $978,941, and April was $998,202. That's three straight months of price recovery.
The SNLR tells the other side of the story. In March 2025, it was 40.3%, right at the balanced market threshold. It dropped throughout the year, bottoming out around 33-34% in winter. Now at 34.9% in April, it is starting to push back up. If this trend continues through May and June, the market could move back toward balanced conditions.
How Did Newmarket's Market Change From March to April 2026?
| Metric | March 2026 | April 2026 | Change |
| Average Price | $978,941 | $998,202 | +2.0% |
| Median Price | $932,900 | $944,000 | +1.2% |
| Total Sales | 64 | 85 | +32.8% |
| New Listings | 206 | 270 | +31.1% |
| Active Listings | 290 | 342 | +17.9% |
| SNLR | 34.4% | 34.9% | +0.5 |
| Average Days on Market | 32 | 27 | -5 days |
| SP/LP | 97% | 101% | +4 |
Source: TRREB Market Watch, April 2026
The month-over-month numbers paint a positive picture. Sales surged almost 33% from March to April. Prices are up on both average and median. The big story is the SP/LP ratio jumping from 97% to 101%. In March, sellers accepted below the asking price on average. By April, they get above asking. That's a four-point swing in one month.
Days on market dropped from 32 to 27, matching what we see on the ground. Well-priced properties in good neighbourhoods are moving quickly. New listings were up over 31%, so there is no shortage of options. The spring market is here in Newmarket.
For a full breakdown of the March numbers, check out our Newmarket March 2026 Market Update.
What This Means Heading into May
For Sellers:
The market is working in your favour if you price it right. SP/LP at 101% means strategically priced homes generate competition. Days on market are down 9 days from last year. Pricing at or slightly below market value will likely attract multiple buyers. But don't be too aggressive just because SP/LP is above 100%. The average price is still down 11.5% from a year ago, so buyers are anchored to that lower price. Meet them where they are, and you'll get a deal done quickly.
For Buyers:
Here's the thing about Newmarket right now. Prices are still significantly lower than a year ago. A detached home that was $1.34M on average last April is now $1.14M. That's a real savings. But the window is tightening. Sales are up almost 29%, homes are selling faster, and the SP/LP has crossed above 100%. If you've been waiting for the right time, prices are better than last year, but competition is returning. Getting in now, before the market tightens further through summer, could be the smart play.
What to Watch in May
The key number to watch is the SNLR. If it pushes above 40% in May or June, that signals a shift back to balanced conditions, and prices will likely stabilize or rise. The SP/LP crossing 101% in April is already a strong signal. If new listings slow while sales stay strong, expect the market to tighten. Newmarket is further along in recovery than some other York Region municipalities, and spring numbers confirm that.