The Markham Real Estate Market, Explained Plainly
Headlines talk about the whole region. Your decision depends on Markham, your home type, and your street. Here is what the latest numbers actually say.
Markham Market Snapshot, August 2026
According to TRREB, Markham recorded 282 home sales in August 2026, up about 17.5 percent from August 2025. Active listings fell about 10.7 percent to 1,091. The average sold price was about $1.2 million, and homes sold for about 98 percent of asking on average. With about 4.1 months of inventory, Markham is a balanced market: more sales and fewer listings than a year ago, but buyers still have choice. Detached homes averaged about $1.61 million, semi detached about $958,000, condo townhouses about $813,000, and condo apartments about $638,000. The Bank of Canada policy rate was 2.25 percent, with the next decision on October 28, 2026.
Markham by the Numbers
Five figures tell most of the story.
| Measure | August 2026 | What It Means |
|---|---|---|
| Homes sold | 282, up 17.5% year over year | Buyers are more active than last year |
| Active listings | 1,091, down 10.7% year over year | Less competition for sellers |
| Average sold price | About $1.2M | Mix of home types affects the average |
| Sold vs asking | About 98% | Most homes sell close to a well set price |
| Months of inventory | 4.1 | Balanced: neither side has the upper hand |
Source: TRREB Market Watch, Markham, August 2026. Figures are rounded and subject to revision.
Each Segment Is Its Own Market
| Home Type | Avg Price | Sold | For Sale | Months of Inventory |
|---|---|---|---|---|
| Detached | $1.61M | 137 | 449 | 3.3 |
| Semi detached | $958K | 15 | 47 | 3.1 |
| Condo townhouse | $813K | 28 | 82 | 2.9 |
| Condo apartment | $638K | 57 | 356 | 6.2 |
Source: TRREB, Markham, August 2026. Months of inventory equals active listings divided by monthly sales.
Townhouses and semi detached homes are the tightest segments, with around three months of supply. Detached homes are steady. Condo apartments have the most supply, which gives condo buyers the most negotiating room in Markham today.
Neeraj's Read on the Market
Balanced markets reward preparation. Here is how that plays out for each type of client.
Price Right on Day One
Sales are up and listings are down, which helps sellers. But buyers are careful. Homes priced from real comparables sell. Homes priced on hope sit and lose negotiating power.
Selling StrategyChoice Without Panic
Buyers can still take time, use conditions, and negotiate, especially on condos. The best homes in top catchments still draw competition.
Browse HomesBoth Sides Are Moving
If you are selling one home to buy another, a balanced market means the gap between the two is what matters, not the headline price.
Plan Your MoveWhat Supports Markham Values Long Term
Markham's housing demand rests on a few durable foundations: strong school catchments, four GO stations on the Stouffville line, Viva rapid transit along Highway 7, quick access to Highways 404 and 407, and one of Canada's largest clusters of technology employers.
Growth continues too. Markham Centre is building out as the city's downtown, York University's Markham campus has opened there, and new communities are rising in Cornell, Victoria Square, and the north end of the city. None of this promises short term prices, but it explains why Markham tends to recover well after slower periods.
Related Markham Guides
Markham Market Questions, Answered
What is the average home price in Markham right now?
TRREB reported an average Markham sold price of about $1.2 million in August 2026. By type, detached homes averaged about $1.61 million, semi detached about $958,000, condo townhouses about $813,000, and condo apartments about $638,000.
Are Markham house prices going up or down?
In August 2026 Markham sales rose about 17.5 percent year over year while active listings fell about 10.7 percent, a sign of firming demand. The market remained balanced at about 4.1 months of inventory, so price changes vary by home type and neighbourhood.
Is Markham a buyer's or seller's market?
Markham was a balanced market in August 2026, with about 4.1 months of inventory. Townhouses and semi detached homes leaned tighter, around three months, while condo apartments leaned toward buyers at about six months.
How long does it take to sell a house in Markham?
Well priced Markham homes typically sell in roughly three to five weeks in the current market. Homes priced above their comparables often sit longer and sell for less than they would have at the right price.
Is now a good time to buy in Markham?
Buyers today have more choice and negotiating room than in recent years, and borrowing costs have eased, with the Bank of Canada policy rate at 2.25 percent. The right time depends on your finances, your timeline, and how long you plan to stay.
Where does this Markham market data come from?
Figures on this page come from the Toronto Regional Real Estate Board (TRREB) Market Watch report for Markham, August 2026. Statistics are rounded, subject to revision, and updated monthly.
Averages Describe the City. Your Home Is Specific.
Get a valuation based on the homes that actually sold near you, and a clear view of what this market means for your plans.
Prefer to talk? Call or text (647) 370 8885 · info@kaizenrealestate.ca