Markham Real Estate Statistics

Markham real estate average sold price in the last 30 days (October 21 - November 19) was $1,275,775, which is $87,212 (6.8%) higher than the average price of $1,188,563 in the previous 30 day period (September 21 - October 20), and $52,208 (4.1%) down from the same period 1 year ago ($1,327,983). Markham real estate prices over the last 30 days are also $3,671 (0.3%) lower than the average selling price of $1,279,446 over the past year.

Markham average sold price for homes was $1,617,491 in the last 30 days (October 21 - November 19), which is $111,374 (6.9%) up from the average home price of $1,506,117 in the previous 30 day period (September 21 - October 20), and $39,143 (2.4%) lower than the same period 1 year ago ($1,656,634). In the last 30 days Markham the average home price was $34,973 (2.2%) lower than the average selling price of $1,652,464 over the last 12 months.

Average Markham condo sold price over the last 30 days (October 21 - November 19) was $676,482. During this period it was $28,405 (4.2%) down from the average price of condo of $704,887 during the previous 30 days (September 21 - October 20), and $29,109 (4.3%) lower compared to the same period 1 year ago ($705,591). In the last 30 days Markham the average condo price was $45,841 (6.8%) lower than the average selling price of $722,323 over the last year.

Average sold price of Markham townhouse was $1,051,538 in the last 30 days (October 21 - November 19), down $46,493 (4.4%) from the average townhome price of $1,098,031 over the previous 30 days (September 21 - October 20), and $30,302 (2.9%) lower than during to the same period 1 year ago ($1,081,840). Over the last 30 days the average townhouse price in Markham was $58,534 (5.6%) lower compared to the average selling price of $1,110,072 over the last 12 months.

Average selling price for Markham real estate was $1,275,775 in the last 30 days (October 21 - November 19), which is collectively $5,303 (0.4%) higher than the average asking price of $1,286,616. This represents an increase of $2,689 (102.9%) compared to $2,614 (0.2%) Sold-Over-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Markham during the last 12 months was recorded in March, 2024 with an average of $87,176 over the asking price, while the minimum occurring in November, 2023 with $19,323 below the asking price.

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 59.7% with 317 properties sold and 694 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 40.1% recorded during the previous 30 day period (September 21 - October 20), and an increase from 48.5% 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 34.2%. 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.

The Average Days on the Market (DOM) for 317 properties that were successfully sold in Markham in the last 30 days (October 21 - November 19) was 24 days, which is 4 days less than 28 days average in the previous 30 day period (September 21 - October 20) and 4 days longer than during the same period a year ago (20 days).

There were 444 delisted properties in Markham, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 55 days on the market. This is 3 days longer than the average of 52 days during the previous 30 day period (September 21 - October 20) and 7 days more compared to the same period last year average of 48 days on the market.

444 Markham properties that didn't sell stayed on the market 129.2% longer than 317 that sucessfully sold over the last 30 days - 24 days when sold vs 55 days when delisted respectively.

Average Days on the Market in Markham over the past 12 months for properties that have sold was 23.2 days, with 53.9 days for those properties that did not sell.

531 new properties were listed on the market in Markham in the last 30 days (October 21 - November 19). During the same time 317 properties were sold and 444 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 230 properties (or 43.3%).

During the previous 30 day period (September 21 - October 20) there were 694 new properties listed, 278 sold and 444 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 767 new properties listed, the slowest - December with 151 new listings and a yearly average of 530 new listings per month.

There were a total of 254 homes listed during the last 30 days (October 21 - November 19), which is 47.8% of all properties listed in Markham. This is a 21.4% decline compared with a previous 30 day period (September 21 - October 20) and 21.5% up from the same period a year ago. Over the past year an average of 260 homes are were listed per month.

157 condo units were listed in the last 30 days (October 21 - November 19) in Markham, which represents 29.6% of all new listings. This is down 19.1% from the prior 30 day period (September 21 - October 20) and 14.6% more compared to the same period last year. There were 142 condos listed per month on average during the last 12 months.

120 townhomes were listed over the last 30 days (October 21 - November 19) in Markham, which is 22.6% of all new real estate inventory. This is a 32.2% less than during the previous 30 day period (September 21 - October 20) and 18.8% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 129 a month.

There were a total of 170 homes sold during the last 30 days (October 21 - November 19), which is 53.6% of all properties sold in Markham. This is a 28.8% increase compared with a previous 30 day period (September 21 - October 20) and 36.0% up from the same period a year ago. Over the past year an average of 134 homes are were sold per month.

67 condo units were sold in the last 30 days (October 21 - November 19) in Markham, which represents 21.1% of all sold properties. This is down 8.2% from the prior 30 day period (September 21 - October 20) and 36.7% more compared to the same period last year. There were 69 condos sold per month on average during the last 12 months.

80 townhomes were sold over the last 30 days (October 21 - November 19) in Markham, which is 25.2% of all sold real estate. This is a 9.6% more than during the previous 30 day period (September 21 - October 20) and 86.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 69 a month.