MarkhamHousing market

Markham

Markham Housing Market Report

Balanced Market

All types - for the month of February

Buyer's market Seller's market

5

Days of inventory (DOI)*

DOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a DOI of 0-3 months indicates a seller's market, where homes are selling quickly and there are more buyers than available homes.

24

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

881 active

New

570(+27.23% YoY)

Relisted

20(+11.11% YoY)

Compared to number of active, same period, in 2024: 496, in 2023: 298, in 2022: 360

Total Sold Listings*

180 sold

Median Sold Price

$1,236,500

Avg Days on Market

24 days

Median Bidding

-$8,500

Compared to number of sold, same period, in 2024: 245, in 2023: 233, in 2022: 393

*Data is for the month of February

Median Sold Price vs Average Days and Average Total Days on Market - Markham - All types

Sold vs Active vs New vs Relisted - Markham - All types

Sold Price Distribution - Markham - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Markham - All types

Property type distribution based on data from the last 3 months.

Median Price - Markham - All types

Just listed - Markham

Home with brick exterior material, building for 5 Silvermills Lane, Markham Ontario L6C 3L5

11 hours on market

Up to12K Cashback

5 Silvermills Lane, Markham

Townhouse3+131500-2000 sq ft

Listed by T-ONE GROUP REALTY INC.,

Home with brick exterior material, street for 42 Wootten Way, Markham Ontario L3P 3L9

11 hours on market

Up to12K Cashback

42 Wootten Way, Markham

Detached442000-2500 sq ft

Listed by RICHLAND REAL ESTATE MARKETING & SALES INC.

Home with brick exterior material, street for 72 Stella Dr, Markham Ontario L3S 4G8

11 hours on market

Up to12K Cashback

72 Stella Dr, Markham

Detached4+242000-2500 sq ft

Listed by ROYAL ELITE REALTY INC.

Just sold - Markham

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 53 Thoroughbred Way, Markham Ontario L6C 0B7

Sold for $1,060,000

$39K below asking

53 Thoroughbred Way, Markham

Townhouse341500-2000 sq ft

Listed by IQI GLOBAL REAL ESTATE

Indoor foyer for 7811 Yonge St #309, Markham Ontario L3T 4S3

Sold for $710,000

$28K below asking

7811 Yonge St #309, Markham

Condo2+121200-1399 sq ft

Listed by HOMELIFE LANDMARK REALTY INC.

Indoor entryway for 43 Stoney Creek Dr, Markham Ontario L6E 0K3

Sold for $1,850,000

$49K below asking

43 Stoney Creek Dr, Markham

Detached5+253000-3500 sq ft

Listed by SUPERSTARS REALTY LTD.

Population and Demographics

Overview

Total population 334653

Average household income $139,290

Age (%)

0 to 19

22%

50 to 64

21%

35 to 49

20%

20 to 34

19%

65 and plus

18%

Household composition (%)

Single family

77%

Single person

17%

Multi person

3%

Multi family

2%

Mother tongue (%)

English

37%

Yue (Cantonese)

24%

Mandarin

17%

Others

6%

Tamil

4%

Iranian Persian

2%

Urdu

2%

Tagalog (Pilipino, Filipino)

1%

House tenancy (%)

Owners

82%

Renters

18%

Top 5 Schools in Markham

Bayview Fairways Public School255 Bayview Fairways Dr, L3T 2Z6, Thornhill, ON

10/10

Public•JK-8

St Justin Martyr Catholic Elementary School140 Hollingham Rd, L3R 8K4, Unionville, ON

10/10

Public•JK-8

St Kateri Tekakwitha Catholic Elementary School230 Fincham Ave, L3P 4B5, Markham, ON

9.5/10

Public•JK-8

Roy H Crosby Public School115 Drakefield Rd, L3P 1G9, Markham, ON

9.5/10

Public•JK-8

William Berczy Public School120 Carlton Rd, L3R 1Z9, Unionville, ON

9.3/10

Public•JK-8

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Transit Friendly

2/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance