ThornhillHousing market

Thornhill

Thornhill Housing Market Report

Strong Buyer's Market

All types - for the month of February

Buyer's market Seller's market

7

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 +3 months indicates a buyers's market, where homes are selling slowly and there are more homes than available buyers.

40

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*

61 active

New

36(+56.52% YoY)

Relisted

2(+100.00% YoY)

Compared to number of active, same period, in 2024: 32, in 2023: 19, in 2022: 24

Total Sold Listings*

9 sold

Median Sold Price

$692,000

Avg Days on Market

40 days

Median Bidding

-$25,500

Compared to number of sold, same period, in 2024: 12, in 2023: 7, in 2022: 17

*Data is for the month of February

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

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

Sold Price Distribution - Thornhill - All types

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

Property Type Distribution - Thornhill - All types

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

Median Price - Thornhill - All types

Just listed - Thornhill

Living room with furniture, wood/laminate floor for 7171 Yonge St #2401, Markham Ontario L3T 0C8

1 day on market

Up to4K Cashback

7171 Yonge St #2401, Markham

Condo22800-899 sq ft

Listed by RE/MAX EXCEL REALTY LTD.

Unknown for 7161 Yonge St #525, Markham Ontario L3T 0C8

2 days on market

Up to7K Cashback

7161 Yonge St #525, Markham

Condo22800-899 sq ft

Listed by PROXY REAL PROPERTY INC.

Indoor foyer for 7171 Yonge St #439, Markham Ontario L3T 0C5

3 days on market

Up to6K Cashback

7171 Yonge St #439, Markham

Condo1+11700-799 sq ft

Listed by ROYAL LEPAGE ESTATE REALTY

Just sold - Thornhill

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

Sold 4 days ago

Sold for $710,000

$28K below asking

7811 Yonge St #309, Markham

Condo2+121200-1399 sq ft

Listed by HOMELIFE LANDMARK REALTY INC.

Unknown for 151 Grandview Ave, Markham Ontario L3T 1H9

Sold 6 days ago

Sold for $1,405,000

$135K below asking

151 Grandview Ave, Markham

Detached4+13- sq ft

Listed by CENTURY 21 NEW CONCEPT

Unknown for 7171 Yonge St #1005, Markham Ontario L3T 0C5

Sold 19 days ago

Sold for $502,000

$27K above asking

7171 Yonge St #1005, Markham

Condo11500-599 sq ft

Listed by RE/MAX HALLMARK REALTY LTD.

Population and Demographics

Overview

Total population 11038

Average household income $154,945

Age (%)

50 to 64

22%

20 to 34

20%

35 to 49

20%

65 and plus

20%

0 to 19

18%

Household composition (%)

Single family

66%

Single person

27%

Multi person

5%

Multi family

1%

Mother tongue (%)

English

39%

Iranian Persian

18%

Korean

10%

Mandarin

9%

Yue (Cantonese)

5%

Russian

5%

Tagalog (Pilipino, Filipino)

4%

Others

2%

Italian

2%

Persian (Farsi)

2%

House tenancy (%)

Owners

68%

Renters

32%

Top 3 Schools in Thornhill

E J Sand Public School160 Henderson Ave, L3T 2L5, Thornhill, ON

8/10

Public•JK-8

Henderson Avenue Public School66 Henderson Ave, L3T 2K7, Thornhill, ON

7.5/10

Public•JK-8

Thornhill Secondary School167 Dudley Ave, L3T 2E5, Thornhill, ON

7.2/10

Public•9-12

Transportation

Car Friendly

4/5

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

Pedestrian Friendly

3/5

Some day-to-day needs are within walking distance

Transit Friendly

4/5

Transit is available for most trips

Shopping, Food and Nightlife

Cafes

2/5

Some cafés within walking distance

Groceries

4/5

At least one grocery store within a 15-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

3/5

Some restaurants within walking distance