Markham Real Estate Market Report
Executive Summary
Dan BraunLocal expert · MarkhamThe Markham, Ontario real estate market is currently classified as a balanced market. The MLS composite benchmark price is $941K, down 5.4% year-over-year.
There are currently 13 active listings, representing 3.3 months of inventory. According to Toronto Regional Real Estate Board, there were 360 sales and 794 new listings in June 2026. Inventory has decreased 97.9% compared to last month.
Currently, listings spend an average of 46 days on market and the average price per square foot is $411.
Board Data vs Our Listings
| Metric | Toronto Regional Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $941K | $1.7M |
| Average Price | $1.1M | $2.7M |
| Active Listings | 1,172 | 13 |
| Detached Benchmark | $1.1M | $1.7M |
| Townhouse Benchmark | $680K | $761K |
| Apartment Benchmark | $537K | $761K |
Detached properties make up the largest share of the Markham market at 61% of active listings with an average price of $1.7M. Condo listings follow at 39% (avg $761K).
Sales Activity & Absorption
Volume
Market Signals
Toronto Regional Real Estate Board reported 360 sales this period, 5 new listings appeared in the past month.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
With only 3.3 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Commerce Valley | 5 | $19K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Markham market currently has 13 active listings with a median price of $1.7M and 3.3 months of inventory.
According to Toronto Regional Real Estate Board, the composite benchmark price is $941K (-5.4% year-over-year). There were 360 sales recorded
- Low price reduction rate (0% of listings)
- Low sell-through rate (45%)
- Slow-moving market (46 avg days on market)
- Average price per square foot is $411
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Toronto Regional Real Estate Board. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.