ThornhillHousing market

Thornhill

Thornhill Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

9

Months of inventory (MOI)*

MOI 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 MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

31

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*

70 active

New

42(+23.53% YoY)

Relisted

2(+100.00% YoY)

Compared to number of active, same period, in 2024: 42, in 2023: 28, in 2022: 39

Total Sold Listings*

8 sold

Median Sold Price

$685,000

Avg Days on Market

31 days

Median Bidding

-$18,000

Compared to number of sold, same period, in 2024: 13, in 2023: 11, in 2022: 32

*Data is for the month of March

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, unknown for 16 Elgin St #202, Markham Ontario L3T 4T4

23 hours on market

Up to8K Cashback

16 Elgin St #202, Markham

Condo321000-1199 sq ft

Listed by HOME STANDARDS BRICKSTONE REALTY

Indoor foyer for 7161 Yonge St #Ph209, Markham Ontario L3T 0C8

2 days on market

Up to10K Cashback

7161 Yonge St #Ph209, Markham

Condo321200-1399 sq ft

Listed by RIGHT AT HOME REALTY

Unknown for 1 Grandview Ave #1703, Markham Ontario L3T 0G7

Re-listed 2 days ago

$•••,•••

Up to8K Cashback

1 Grandview Ave #1703, Markham

Condo2+121000-1199 sq ft

Listed by ANJIA REALTY

Just sold - Thornhill

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

Sold 8 days ago

Sold for $699,000

$100K above asking

7171 Yonge St #2401, Markham

Condo22800-899 sq ft

Listed by RE/MAX EXCEL REALTY LTD.

Unknown for 141 Clark Ave #52, Markham Ontario L3T 5G1

Sold 10 days ago

Sold for $885,000

$86K above asking

141 Clark Ave #52, Markham

Condo331400-1599 sq ft

Listed by FOREST HILL REAL ESTATE INC.

Unknown for 90 Henderson Ave #8, Markham Ontario L3T 2K8

Sold 10 days ago

Sold for $850,000

$61K above asking

90 Henderson Ave #8, Markham

Condo3+131600-1799 sq ft

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

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