Newmarket stands out in York Region for its price stability. Sales increased 22% year over year, with 104 transactions in May 2026, up from 85 in May 2025. The average price held steady at $1,072,683, just 1% below last year's level. While neighbouring cities face double-digit price drops, Newmarket’s stability is significant. The main development is a tightening market: new listings fell 28%, and active inventory declined 16%.
How Did the Newmarket Real Estate Market Change Over the Past Year?
In May 2026, Newmarket recorded 104 home sales, up 22.4% from May 2025, while the average sale price came in at $1,072,683 — down just 1.0% year over year. The median declined 3.1% to $973,750. The sale-to-list ratio dipped from 100% to 97%, and homes are taking an average of 5 more days to sell.
| Metric | May 2025 | May 2026 | Change |
|---|---|---|---|
| Average Price | $1,083,258 | $1,072,683 | -1.0% |
| Median Price | $1,005,000 | $973,750 | -3.1% |
| Total Sales | 85 | 104 | +22.4% |
| New Listings | 324 | 235 | -27.5% |
| Active Listings | 397 | 334 | -15.9% |
| SNLR | 37.3% | 37.0% | -0.3 pts |
| Average Days on Market | 20 | 25 | +5 days |
| SP/LP | 100% | 97% | -3 pts |
Source: TRREB Market Watch, May 2026
The main takeaway is minimal price movement. A 1% drop in the average and 3.1% in the median is effectively flat for this cycle. Unlike other York Region communities with double-digit declines, Newmarket’s relative affordability offers protection. At $1,072,683, it remains well below the regional average of $1,177,330, making it a more accessible choice for detached home buyers.
The drop in the sale-to-list price ratio from 100% to 97% reflects a shift from last May, when homes sold at full asking price. Buyers now have about 3% negotiating room, or roughly $33,000 on a $1.1 million home. This change is modest and mainly affects the detached segment, where the ratio is 96%. Freehold townhouses, by contrast, are selling above asking at 101%.
The most notable change is reduced supply. New listings dropped 27.5%, from 324 to 235, and active inventory fell 15.9%, limiting buyer options. Despite this, the sales-to-new-listings ratio held steady at 37%, showing that increased buyer activity and lower supply are balancing the market. Higher activity is absorbing the tighter inventory rather than driving up prices.
What Happened by Property Type in Newmarket This May?
Detached homes, which accounted for 65% of Newmarket sales, maintained their value, with an average price of $1,232,442, up 0.5% year over year. Freehold townhouses were the most competitive segment, selling at 101% of the asking price despite a 5.9% decrease in average price to $851,176.
Average Sold Price by Property Type:
| Property Type | May 2025 | May 2026 | Change |
|---|---|---|---|
| Detached | $1,226,642 | $1,232,442 | +0.5% |
| Semi-Detached (7 sales) | $880,000 | $843,857 | -4.1% |
| Freehold Townhouse | $904,700 | $851,176 | -5.9% |
| Condo Townhouse (7 sales) | $938,333 | $622,000 | -33.7% |
| Condo Apartment (5 sales) | $597,983 | $604,400 | +1.1% |
Median Sold Price by Property Type
| Property Type | May 2025 | May 2026 | Change |
|---|---|---|---|
| Detached | $1,165,000 | $1,155,000 | -0.9% |
| Semi-Detached (7 sales) | $900,000 | $770,000 | -14.4% |
| Freehold Townhouse | $887,500 | $840,000 | -5.4% |
| Condo Townhouse (7 sales) | $912,500 | $649,000 | -28.9% |
| Condo Apartment (5 sales) | $551,500 | $572,000 | +3.7% |
Source: TRREB Market Watch, May 2026
Detached homes remain central to the Newmarket market, accounting for 68 of 104 sales this month. The average price is nearly unchanged from a year ago, at $1,232,442, up from $1,226,642. The median reflects a similar trend: $1,155,000 this May versus $1,165,000 last May, a decline of less than 1%. Buyers in this segment are paying prices similar to last year. Sales volume increased 28%, from 53 to 68, indicating more buyers are active at stable prices.
Freehold townhouses are the most competitive segment. Sales nearly doubled, with 17 this May compared to 10 last May, and properties sold at 101% of asking price with an average of 23 days on market. The average price was $851,176, down 5.9% from last year. The lower price point has attracted more buyers, and the above-asking sales indicate strong competition for available inventory.
Condo townhouse figures should be interpreted with caution. Seven sales at an average of $622,000, compared to six sales at $938,333 last May, result in a reported 33.7% decline. However, small sample sizes mean individual transactions can significantly affect averages. The same caution applies to semi-detached (7 sales) and condo apartments (5 sales). These figures serve as directional indicators only.
Newmarket Market Trends Over the Past 12 Months
| Month | Average Price | Sales | SNLR | SP/LP |
|---|---|---|---|---|
| May 2026 | $1,072,683 | 104 | 37.0% | 97% |
| April 2026 | $998,202 | 85 | 34.9% | 101% |
| March 2026 | $978,941 | 64 | 34.4% | 97% |
| February 2026 | $971,554 | 46 | 33.8% | 98% |
| January 2026 | $912,737 | 48 | 34.3% | 97% |
| December 2025 | $1,002,379 | 44 | 33.9% | 97% |
| November 2025 | $953,743 | 60 | 34.9% | 98% |
| October 2025 | $1,021,156 | 75 | 36.6% | 97% |
| September 2025 | $1,002,082 | 83 | 37.1% | 98% |
| August 2025 | $995,420 | 83 | 37.2% | 97% |
| July 2025 | $983,445 | 91 | 36.7% | 98% |
| June 2025 | $1,062,024 | 84 | 36.4% | 99% |
The past 12 months show a clear price recovery. The average peaked at $1,062,024 in June 2025, declined through the fall, and bottomed at $912,737 in January 2026, a 14% drop. Since then, prices have risen steadily: $971,554 in February, $978,941 in March, $998,202 in April, and $1,072,683 in May. This is a 17.5% rebound from the January low, with May marking the highest price in the past year.
SP/LP has remained stable, ranging from 97% to 99% over the past 11 of 12 months. The exception was in April 2026, at 101%, when homes briefly sold above asking price. In May, it returned to 97%, consistent with the market’s historical norm.
The sales-to-new-listings ratio hit a low of 33.8% in February 2026 and has risen steadily to 37.0% in May, the highest since August 2025. While still a buyer’s market (below 40%), the trend is moving toward balance as sales rise and inventory declines.
April 2026 vs May 2026
| Metric | April 2026 | May 2026 | Change |
|---|---|---|---|
| Average Price | $998,202 | $1,072,683 | +7.5% |
| Median Price | $944,000 | $973,750 | +3.2% |
| Total Sales | 85 | 104 | +22.4% |
| New Listings | 270 | 235 | -13.0% |
| Active Listings | 342 | 334 | -2.3% |
| SNLR | 34.9% | 37.0% | +2.1 pts |
| Average Days on Market | 24 | 25 | +1 day |
| SP/LP | 101% | 97% | -4 pts |
Source: TRREB Market Watch, May 2026
Spring momentum is clear month-over-month. The average price rose 7.5% from April to May, the fourth straight monthly increase. Sales grew 22.4% while new listings fell 13%, raising the sales-to-new-listings ratio from 34.9% to 37.0%, the highest in nine months. The only exception was the sale-to-list price ratio, which dropped from 101% to 97%. April’s above-asking average likely reflected a competitive sales mix, while May’s 97% matches recent market norms.
The four-month price increase from $912,737 in January to $1,072,683 in May, a $160,000 gain, reflects typical spring market activity, amplified by tightening supply. Whether this pace continues into summer will depend on new inventory levels in June and July.
Check out our Newmarket April 2026 Market Update post for more information.
What Does This Mean Heading into June?
For Sellers:
This market rewards patience and realistic pricing. With SP/LP at 97%, buyers are paying close to asking, and in the freehold townhouse segment, above asking. The supply squeeze benefits sellers, as new listings are down 28% year over year, reducing competition. If your home is well-prepared and priced at market value, expect a sale in about 25 days. However, 97% is not 100%. Buyers still have room to negotiate, especially for detached homes where SP/LP is 96%. Price your home accurately to attract offers; pricing at last year's peak will likely result in a longer sale.
For Buyers:
Newmarket has remained one of the most price-stable markets in York Region. Detached prices are essentially unchanged from last year, so the significant discounts some buyers anticipated have not occurred. With listings down 28% and sales up 22%, supply dynamics are less favourable for buyers. SP/LP at 97% still allows some negotiation—about $30,000 to $35,000 on a typical detached home, but this is less than in winter. Freehold townhouses are already selling above asking. If current trends continue, competition in the townhouse segment will likely intensify.