Markham Real Estate Market Update: Prices, Sales, Inventory and Days on Market
Markham Real Estate Market Update: Prices, Sales, Inventory and Days on Market
The headlines describe the whole region. Your decision depends on Markham, your type of home, and your timing. Here is what the latest TRREB numbers actually say, in plain language.
The Short Answer
Markham was a balanced market in September 2026. TRREB reported 245 sales, down 5.4 percent from September 2025, at an average price of $1,125,353, down 4.4 percent. The median price was $1,051,000. Active listings fell 10.2 percent to 1,122, or about 4.6 months of inventory. Homes sold for about 98 percent of asking and took about 34 days on average. Semi detached homes were the tightest segment, while condo apartments gave buyers the most room to negotiate.
Every month, Neeraj Moolchandani and the Kaizen Real Estate Team, one of the teams Markham families rely on most when they buy and sell, go through the TRREB Market Watch report line by line. This update shares what we see, so you can make your next move with clear eyes.
The September Numbers at a Glance
Markham had a quieter September than a year ago. Fewer homes sold, prices eased slightly, and the number of homes for sale also came down. That last point matters. When listings and sales both drop, the market stays in balance.
| Measure | September 2026 | September 2025 | Change |
|---|---|---|---|
| Homes sold | 245 | 259 | Down 5.4% |
| Average sold price | $1,125,353 | $1,177,290 | Down 4.4% |
| New listings | 729 | 794 | Down 8.2% |
| Active listings | 1,122 | 1,249 | Down 10.2% |
| Median sold price | $1,051,000 | ||
| Average days on market | 34 | ||
| Sold vs asking | About 98% |
Source: TRREB Market Watch, Markham, September 2026 and September 2025. Blank cells were not compared.
Prices by Home Type
An average price mixes condos with large detached homes, so it can hide what is really going on. Looking at each home type gives a much clearer picture.
| Home Type | Avg Price | Median Price | Sold | For Sale | Months of Inventory | Sold vs Asking |
|---|---|---|---|---|---|---|
| Detached | $1,534,139 | $1,381,500 | 108 | 462 | 4.3 | 98% |
| Semi detached | $1,019,322 | $999,000 | 18 | 42 | 2.3 | 101% |
| Link | $1,059,671 | $1,088,888 | 11 | 21 | 1.9 | 98% |
| Freehold townhouse | $977,959 | $918,490 | 30 | 147 | 4.9 | 100% |
| Condo townhouse | $829,470 | $735,000 | 23 | 93 | 4.0 | 98% |
| Condo apartment | $574,612 | $535,000 | 55 | 354 | 6.4 | 98% |
Source: TRREB Market Watch, Markham, September 2026. Months of inventory is active listings divided by monthly sales. Figures are rounded and subject to revision.
Three things stand out. Semi detached homes sold for about 101 percent of asking, with just 2.3 months of supply, so well priced semis are still drawing strong interest. Detached homes are balanced at about 4.3 months. Condo apartments have the most supply at about 6.4 months, which gives condo buyers more choice and more room to negotiate.
Want to know what these numbers mean for your street? Call or text Neeraj at (647) 370 8885.
Days on Market: What 34 Days Really Means
TRREB reports two ways of counting time on the market. The average listing sold in about 34 days. But when you count the full history of a property, including homes that were taken off the market and listed again, the average was about 50 days.
That gap tells a story. Some sellers start too high, sit, and then relist at a new price. The homes that sell fastest are usually the ones priced from real sold comparables on the first day. Time on the market is mostly a result of pricing, not luck.
- Freehold townhouses and semis averaged about 30 to 32 days.
- Detached homes averaged about 31 days.
- Condo apartments averaged about 40 days, the longest of any type.
Inventory: Why Fewer Listings Has Not Pushed Prices Up
Normally, fewer homes for sale means more competition and higher prices. This fall, buyer activity also slowed. TRREB pointed to uncertainty about the economy, inflation, and borrowing costs as the main reasons buyers are taking their time.
Borrowing costs are lower than they were. The Bank of Canada policy rate was 2.25 percent at the time of writing, with the next decision on October 28, 2026. Many buyers are watching that date, and their jobs, before they commit.
For Markham, the result is a market where neither side has the upper hand. Good homes priced well still sell. Homes priced on hope tend to wait.
How Markham Compares to the Wider TRREB Market
Across all TRREB areas, September sales fell 9.0 percent from last year and the average price fell 5.1 percent to $1,006,409. The MLS® Home Price Index composite was down 4.7 percent.
Markham held up a little better, with sales down 5.4 percent and the average price down 4.4 percent. Strong school catchments, GO train access, Highway 7 rapid transit, and a large base of technology employers continue to support local demand. That is commentary on current conditions, not a promise about future prices.
Thinking about selling this fall or next spring? A quick call can tell you which season fits your home. Call or text Neeraj at (647) 370 8885.
What This Means for You
If you are selling
Fewer competing listings helps you. Careful buyers do not. Price from recent sales on your street, prepare the home before photos, and decide early whether you want to review offers on a set date or take offers as they come. If you own a semi or a link home, your segment is one of the tightest in Markham right now.
If you are buying
You have more time and more choice than in recent years, especially with condos. You can often include conditions for financing and inspection. The best homes in top school areas still draw competition, so be ready with a pre approval.
If you are moving up or downsizing
You are selling and buying in the same market, so the gap between the two prices matters more than the headline average. A balanced market gives you a fair chance to line up both sides.
Averages describe the city. The right decision comes from the homes that sold near you.
Every home type is moving differently right now. Get a read on yours. Call or text Neeraj at (647) 370 8885.
Markham Market Questions, Answered
What is the average home price in Markham right now?
TRREB reported an average Markham sold price of $1,125,353 in September 2026, down 4.4 percent from a year earlier. The median price was $1,051,000. Detached homes averaged $1,534,139 and condo apartments averaged $574,612.
Is Markham a buyer's or seller's market?
Markham was balanced in September 2026, with about 4.6 months of inventory. Semi detached homes leaned toward sellers with about 2.3 months of supply, while condo apartments leaned toward buyers with about 6.4 months.
How long does it take to sell a house in Markham?
The average Markham listing sold in about 34 days in September 2026. Counting homes that were relisted, the average was about 50 days. Homes priced from real comparables on day one usually sell fastest.
Are Markham home prices going down?
The average price was down 4.4 percent year over year in September 2026, while active listings also fell 10.2 percent. Prices are easing gently rather than dropping sharply, and the change varies by home type and neighbourhood.
Where does this Markham market data come from?
The figures come from the TRREB Market Watch report for Markham, September 2026, released October 6, 2026. They are rounded and may be revised. This post is updated as new monthly data is released.
Averages Describe the City. Your Home Is Specific.
Get a value based on the homes that actually sold near you, and a clear view of what this market means for your plans.
Call or text (647) 370 8885 · info@kaizenrealestate.ca
Kaizen Real Estate Team, eXp Realty, Brokerage · 9763 Markham Rd, Markham, ON L6E 1A4
Market statistics: TRREB Market Watch, Markham, September 2026, released October 6, 2026. Figures are rounded and subject to revision. This article is general information, not legal, tax, mortgage, or financial advice. Market commentary describes current conditions and is not a promise of future prices. Information is believed accurate but should be independently verified. Not intended to solicit properties currently under contract.
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