Newmarket Real Estate Market Report
Executive Summary
Tania MenicucciLocal expert · NewmarketThe Newmarket, Ontario real estate market is currently classified as a seller's market. The MLS® composite benchmark price is $989K, down 6.9% year-over-year.
There are currently 337 active listings, representing 3.6 months of inventory. According to Toronto Regional Real Estate Board, there were 83 sales and 160 new listings in August 2026.
Currently, listings spend an average of 30 days on market and the average price per square foot is $290.
Board Data vs Our Listings
| Metric | Toronto Regional Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $989K | $988K |
| Average Price | $1.0M | $1.2M |
| Active Listings | 301 | 337 |
Among the property types shown for Newmarket, Detached properties make up the largest share at 86% of these listings with an average price of $1.2M. Condo listings follow at 14% (avg $660K).
Sales Activity & Absorption
Volume
Market Signals
Toronto Regional Real Estate Board reported 83 sales this period, 156 currently active listings were added to our feed in the past month, we observed dated price reductions on 31 active listings; coverage may be incomplete.
Market Balance
Months of Inventory
Sales and new listings are roughly in balance.
With only 3.6 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.
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
At 3.6 months of inventory, demand outpaces supply. Well-priced properties sell quickly, and sellers generally have the advantage in negotiations. Buyers should be prepared to act decisively. The Newmarket market currently has 337 active listings with a median asking price of $988K and 3.6 months of inventory.
According to Toronto Regional Real Estate Board, the composite benchmark price is $989K (-6.9% year-over-year). There were 83 sales recorded
- Average price per square foot is $290
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark and sales statistics from Toronto Regional Real Estate Board. Prepared by Tania Menicucci with AI assistance, reviewed by our team.
Monthly Reports Archive
Asking prices and inventory reflect the listing snapshot, not completed sale prices. Board statistics and historical series use the source periods shown in this report. 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.