Markham Real Estate Statistics

Markham Real Estate Price Trend
Markham real estate average sold price in the last 30 days (February 17 - March 17) was $1,321,319, which is $8,593 (0.7%) higher than the average price of $1,312,726 in the previous 30 day period (January 18 - February 16), and $47,493 (3.6%) up from the same period 1 year ago ($1,273,826). Markham real estate prices over the last 30 days are also $12,672 (1.0%) higher than the average selling price of $1,308,647 over the past year.
Markham average sold price for homes was $1,657,609 in the last 30 days (February 17 - March 17), which is $45,005 (2.7%) down from the average home price of $1,702,614 in the previous 30 day period (January 18 - February 16), and $29,556 (1.8%) lower than the same period 1 year ago ($1,687,165). In the last 30 days Markham the average home price was $21,434 (1.3%) lower than the average selling price of $1,679,044 over the last 12 months.
Average Markham condo sold price over the last 30 days (February 17 - March 17) was $728,382. During this period it was $16,501 (2.3%) up from the average price of condo of $711,881 during the previous 30 days (January 18 - February 16), and $22,365 (3.1%) higher compared to the same period 1 year ago ($706,017). In the last 30 days Markham the average condo price was $5,910 (0.8%) lower than the average selling price of $734,292 over the last year.
Average sold price of Markham townhouse was $1,170,317 in the last 30 days (February 17 - March 17), up $12,654 (1.1%) from the average townhome price of $1,157,663 over the previous 30 days (January 18 - February 16), and $30,660 (2.6%) higher than during to the same period 1 year ago ($1,139,657). Over the last 30 days the average townhouse price in Markham was $40,084 (3.4%) higher compared to the average selling price of $1,130,233 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Markham real estate was $1,321,319 in the last 30 days (February 17 - March 17), which is collectively $76,177 (5.5%) higher than the average asking price of $1,375,046. This represents an increase of $31,492 (70.5%) compared to $44,685 (3.3%) Sold-Over-Asking price from the previous 30 day period (January 18 - February 16).
The maximum Sold Over/Under Asking ratio in Markham during the last 12 months was recorded in May, 2023 with an average of $164,751 over the asking price, while the minimum occurring in November, 2023 with $19,323 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Markham was 57.6% with 293 properties sold and 400 new properties listed in the past 30 days (February 17 - March 17). This represents a decrease from 61.8% recorded during the previous 30 day period (January 18 - February 16), and a decrease from 78.3% compared to the same period one year ago.
Over the the last year the highest SNLR in Markham was 106.6% recorded in December and the lowest was in September at 32.1%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 293 properties that were successfully sold in Markham in the last 30 days (February 17 - March 17) was 17 days, which is 11 days less than 28 days average in the previous 30 day period (January 18 - February 16) and 1 days shorter than during the same period a year ago (18 days).
There were 181 delisted properties in Markham, those that got either Expired, Suspended or Terminated over the last 30 days (February 17 - March 17) with an average of 51 days on the market. This is 12 days shorter than the average of 63 days during the previous 30 day period (January 18 - February 16) and 1 days more compared to the same period last year average of 50 days on the market.
181 Markham properties that didn't sell stayed on the market 200.0% longer than 293 that sucessfully sold over the last 30 days - 17 days when sold vs 51 days when delisted respectively.
Average Days on the Market in Markham over the past 12 months for properties that have sold was 18.8 days, with 48.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
509 new properties were listed on the market in Markham in the last 30 days (February 17 - March 17). During the same time 293 properties were sold and 181 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 35 properties (or 6.9%).
During the previous 30 day period (January 18 - February 16) there were 400 new properties listed, 247 sold and 154 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 682 new properties listed, the slowest - December with 151 new listings and a yearly average of 485 new listings per month.
New Real Estate Listings by Property Type
There were a total of 262 homes listed during the last 30 days (February 17 - March 17), which is 51.5% of all properties listed in Markham. This is a 37.9% increase compared with a previous 30 day period (January 18 - February 16) and 51.4% up from the same period a year ago. Over the past year an average of 250 homes are were listed per month.
120 condo units were listed in the last 30 days (February 17 - March 17) in Markham, which represents 23.6% of all new listings. This is up 15.4% from the prior 30 day period (January 18 - February 16) and 30.4% more compared to the same period last year. There were 124 condos listed per month on average during the last 12 months.
127 townhomes were listed over the last 30 days (February 17 - March 17) in Markham, which is 25.0% of all new real estate inventory. This is a 19.8% more than during the previous 30 day period (January 18 - February 16) and 47.7% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 111 a month.
Real Estate Sales by Property Type
There were a total of 157 homes sold during the last 30 days (February 17 - March 17), which is 53.6% of all properties sold in Markham. This is a 29.8% increase compared with a previous 30 day period (January 18 - February 16) and 24.6% up from the same period a year ago. Over the past year an average of 153 homes are were sold per month.
73 condo units were sold in the last 30 days (February 17 - March 17) in Markham, which represents 24.9% of all sold properties. This is up 17.7% from the prior 30 day period (January 18 - February 16) and 1.4% less compared to the same period last year. There were 75 condos sold per month on average during the last 12 months.
63 townhomes were sold over the last 30 days (February 17 - March 17) in Markham, which is 21.5% of all sold real estate. This is a 1.6% less than during the previous 30 day period (January 18 - February 16) and 16.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 74 a month.
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