Markham Real Estate Market: Home Prices, Sales and Trends
Median price $1,051,000 in September 2026, updated every month with TRREB data
Updated October 21, 2026 with TRREB September 2026 data.
Markham's median home price was $1,051,000 in September 2026, down 8.0% from September 2025, on 245 sales. The average was $1,125,353, down 4.4%. Markham's sales-to-new-listings ratio reached 40.5% with 4.1 months of inventory, which makes it the only balanced market in York Region and the firmest in the region this fall.
This page is our running read on the Markham housing market. We update it every month when TRREB releases new numbers, and every monthly update is linked further down. If you're deciding whether to buy, sell or wait, start with the numbers below, then the sections on what drives prices here.
Is Markham a Buyer's or Seller's Market Right Now?
Markham is a balanced market, just. Its sales-to-new-listings ratio was 40.5% in September 2026, over the 40% line for a second month, with 4.1 months of inventory. Homes sold for 98% of asking on average and took 34 days, two days faster than a year earlier.
It's also the firmest market in York Region. Markham's ratio is the highest of the region's nine municipalities and its months of inventory the lowest. The ratio has climbed from 34.5% last December to 40.5%, and active listings were 10.2% lower than a year ago. Balance hasn't lifted prices yet, though: the median was still 8.0% below last September.
How Have Markham Home Prices Changed in the Past Year?
Here is September 2026 against September 2025, the most recent full month of TRREB data.
| Metric | September 2025 | September 2026 | Change |
|---|---|---|---|
| Total Sales | 259 | 245 | -5.4% |
| Average Price | $1,177,290 | $1,125,353 | -4.4% |
| Median Price | $1,142,000 | $1,051,000 | -8.0% |
| New Listings | 794 | 729 | -8.2% |
| SNLR | 35.9% | 40.5% | +4.6 pts |
| Active Listings | 1,249 | 1,122 | -10.2% |
| Months of Inventory | 4.3 | 4.1 | -0.2 |
| Sale-to-List Price Ratio | 98% | 98% | 0 pts |
| Avg Days on Market | 36 | 34 | -2 days |
Source: Toronto Regional Real Estate Board (TRREB) Market Watch, September 2026 and September 2025.
The median fell 8.0% to $1,051,000, so the typical Markham home cost about $91,000 less than a year earlier. The average fell less, 4.4%, because detached prices barely moved while every other type fell by more than 10%. Sales were down 5.4% but new listings fell 8.2%, which is why the ratio improved.
What Do Homes Cost in Markham by Property Type?
Detached homes were 108 of the 245 September sales, about 44%, and they were the most stable part of the market: the detached average was down just 0.7% and the median 5.5%, to $1,381,500. Everything else fell by more than 10% on both measures.
Average Sold Price by Property Type
| Property Type | September 2025 | September 2026 | YoY Change | SP/LP |
|---|---|---|---|---|
| Detached (108 sales) | $1,544,717 | $1,534,139 | -0.7% | 98% |
| Semi-Detached (18 sales) | $1,151,412 | $1,019,322 | -11.5% | 101% |
| Freehold Townhouse (30 sales) | $1,114,132 | $977,959 | -12.2% | 100% |
| Condo Townhouse (23 sales) | $928,312 | $829,470 | -10.6% | 98% |
| Condo Apartment (55 sales) | $673,131 | $574,612 | -14.6% | 98% |
Source: TRREB Market Watch, September 2026 and September 2025. Sales counts are September 2026.
Median Sold Price by Property Type
| Property Type | September 2025 | September 2026 | YoY Change | SP/LP |
|---|---|---|---|---|
| Detached (108 sales) | $1,462,000 | $1,381,500 | -5.5% | 98% |
| Semi-Detached (18 sales) | $1,138,000 | $999,000 | -12.2% | 101% |
| Freehold Townhouse (30 sales) | $1,067,500 | $918,490 | -14.0% | 100% |
| Condo Townhouse (23 sales) | $900,000 | $735,000 | -18.3% | 98% |
| Condo Apartment (55 sales) | $621,613 | $535,000 | -13.9% | 98% |
Source: TRREB Market Watch, September 2026 and September 2025. Sales counts are September 2026.
Condo apartments were the second-largest group, 55 sales at a median of $535,000, down 13.9%. Semi-detached homes and freehold townhouses closed at 101% and 100% of asking even after double-digit price drops, a sign that buyers are active at the lower price points.
What Has Markham Real Estate Done Over the Past 12 Months?
From October 2025 to September 2026 the average price ranged from $1,068,928 in February to $1,230,833 in October 2025, and September's $1,125,353 sits near the middle of that band. Sales ran from 163 in January to 360 in June. The sales-to-new-listings ratio rose every month from January, from 34.5% to 40.5%, and months of inventory fell from 4.7 to 4.1.
| Month | Average Price | Sales | SNLR | MOI |
|---|---|---|---|---|
| September 2026 | $1,125,353 | 245 | 40.5% | 4.1 |
| August 2026 | $1,208,692 | 282 | 40.3% | 4.1 |
| July 2026 | $1,131,324 | 288 | 39.4% | 4.2 |
| June 2026 | $1,136,454 | 360 | 38.8% | 4.3 |
| May 2026 | $1,199,667 | 303 | 37.4% | 4.5 |
| April 2026 | $1,140,668 | 250 | 35.9% | 4.6 |
| March 2026 | $1,155,505 | 225 | 35.7% | 4.7 |
| February 2026 | $1,068,928 | 182 | 35.2% | 4.7 |
| January 2026 | $1,100,945 | 163 | 34.5% | 4.7 |
| December 2025 | $1,187,221 | 171 | 34.5% | 4.7 |
| November 2025 | $1,149,893 | 219 | 34.9% | 4.6 |
| October 2025 | $1,230,833 | 281 | 35.5% | 4.4 |
Source: TRREB Market Watch, October 2025 through September 2026.
The average has moved inside a band of about $162,000 with no lasting direction, while the ratio has climbed steadily. In a market this size the ratio is the steadier signal, and it has moved Markham from a buyer's market into balance over the year.
What Drives Home Prices in Markham?
Four things explain most of what a Markham home sells for: which neighbourhood it's in, what kind of house it is, how old it is, and how close it sits to Highway 7, Highways 404 and 407 and the GO trains.
Which Markham Neighbourhoods Cost the Most?
Markham has 39 TRREB communities, so the table shows the ones with at least 20 sales in the second quarter of 2026. Among them, medians run from $1,650,000 in Cachet to $631,500 in Commerce Valley.
| Neighbourhood | Sales | Median Price | Avg SP/LP | Avg Days on Market |
|---|---|---|---|---|
| Cachet | 23 | $1,650,000 | 100% | 22 |
| Markham Village | 29 | $1,260,000 | 99% | 18 |
| Angus Glen | 24 | $1,210,000 | 98% | 26 |
| Berczy | 54 | $1,190,000 | 102% | 19 |
| Royal Orchard | 33 | $1,170,000 | 95% | 29 |
| Wismer | 54 | $1,144,500 | 101% | 27 |
| Middlefield | 23 | $1,139,000 | 100% | 29 |
| Milliken Mills East | 31 | $1,132,000 | 100% | 25 |
| Box Grove | 24 | $1,117,500 | 98% | 33 |
| Greensborough | 46 | $1,004,750 | 98% | 27 |
| Cornell | 74 | $947,500 | 100% | 26 |
| Markville | 24 | $946,444 | 97% | 43 |
| Aileen-Willowbrook | 21 | $900,500 | 101% | 27 |
| Unionville | 159 | $735,000 | 99% | 30 |
| Thornhill | 20 | $702,500 | 93% | 46 |
| Commerce Valley | 42 | $631,500 | 99% | 30 |
Source: TRREB Community Market Report, Markham, Q2 2026 (April to June), all home types. Communities with fewer than 20 sales are not shown.
Unionville had by far the most sales, 159, at a median of $735,000. That sits well below its average of $988,479, which suggests a large share of condo sales, so the median understates what a Unionville house costs. The small estate pockets, Devil's Elbow ($2,919,000 on 4 sales) and Bayview Glen ($2,574,000 on 6 sales), are the most expensive parts of Markham but too thin to show in the table.
What Kind of Homes Does Markham Have?
Markham is a little over half detached. Of the 110,865 occupied homes in the 2021 Census, 62,270 were single-detached, about 56%. Apartments added 25,615, including 17,635 in buildings of five or more storeys, row houses 15,985 and semi-detached houses 6,985. A city with that many condos and townhouses can see its average price move simply because more of them sold.
How Old Are Markham's Homes?
Just over half of the homes counted in Markham in the 2021 Census were built before 2001, including 37,835 built between 1981 and 2000, and 9,500 were built from 2016 to 2021. Newer communities and older ones can sit a few minutes apart, so the age of a specific house matters as much as the neighbourhood name.
How Do Transit and Highway Access Affect Markham?
Markham has four stops on the GO Stouffville line: Unionville, Centennial, Markham and Mount Joy. Viva buses run along Highway 7, and Highways 404 and 407 cross the west and south of the city. On the Thornhill side, the Yonge North Subway Extension, now in the tunnelling stage, is planned with new stations at Clark and Royal Orchard along Yonge Street.
What About Schools?
School catchments matter to many Markham buyers, but they depend on the exact address. Our Markham community page lists schools by area, and each neighbourhood guide covers its local schools. Confirm the catchment for a specific home with the York Region District School Board or the York Catholic District School Board.
Is Now a Good Time to Buy or Sell in Markham?
If you're selling, Markham is the strongest position in York Region right now, but price to the last 60 days of sales, not to last fall. New listings rose 24.8% from August to 729 in September while sales fell 13.1%, so buyers have more to compare. Homes priced to recent sales sold in about five weeks at 98% of asking.
If you're buying, expect little room to negotiate, about 2%, roughly $21,000 on the median home. What you get in Markham is prices well below last year, with the median down about $91,000, in a market that has stopped favouring buyers. If the ratio keeps climbing, that discount may not last.
What Are People Asking About Markham Real Estate?
What is the average home price in Markham right now?
In September 2026 the average Markham home sold for $1,125,353 and the median for $1,051,000, based on 245 sales reported by TRREB. Detached homes had a median of $1,381,500, freehold townhouses $918,490 and condo apartments $535,000. The median is the better guide to a typical home because the average moves with the mix of homes that sold.
Is Markham a buyer's or a seller's market?
It's balanced, just. The sales-to-new-listings ratio was 40.5% in September 2026, over the 40% level usually read as balanced for a second month, with 4.1 months of inventory. Markham is the only municipality in York Region in balanced territory, and homes sold for 98% of asking on average.
How long does it take to sell a house in Markham?
Homes that sold in September 2026 took an average of 34 days, down from 36 days a year earlier and up from 33 days in August. They sold for 98% of asking on average, so homes priced to recent comparable sales are moving in about five weeks.
Which Markham neighbourhoods are the most expensive?
Among communities with at least 20 sales in TRREB's second-quarter 2026 figures, Cachet had the highest median at $1,650,000, followed by Markham Village at $1,260,000 and Angus Glen at $1,210,000. Commerce Valley ($631,500) and Thornhill ($702,500) had the lowest. Smaller pockets such as Devil's Elbow and Bayview Glen sold higher on a handful of sales.
Have home prices in Markham gone down?
Yes. The September 2026 median of $1,051,000 was 8.0% below September 2025, and the average was down 4.4%. Detached homes held up best, with the average almost unchanged and the median down 5.5%. Semi-detached homes, townhouses and condos all fell by more than 10%.
Is it a good time to buy a house in Markham?
On price it favours buyers, with the median about $91,000 below last September. On bargaining power it doesn't: Markham's sales-to-new-listings ratio is 40.5%, the highest in York Region, and homes sold for 98% of asking. Well-priced homes still attract competition, so expect little room to negotiate.
Where Can You Find Past Markham Market Updates?
Where Can You Read More About Living in Markham?
For what individual neighbourhoods are like, see our complete guides to Unionville, Thornhill, Thornlea and Rural Markham. For history, culture and schools by area, see our Markham community page. If you're weighing nearby cities, read Markham vs Vaughan and Richmond Hill vs Markham. For the wider picture, see our York Region real estate market page and the September 2026 Market Watch.
Thinking About Making a Move in Markham?
Whether you're in Unionville, Cachet, Cornell or anywhere else in Markham, our team watches these numbers every month and can tell you what they mean for your home or your search. Reach us at 289-GET-ZOLD (289-438-9653) or through teamzold.com.
Shawn Zigelstein, Broker
Team Zold, Royal LePage Signature Realty
š 289-GET-ZOLD (289-438-9653)
š www.teamzold.com