Markham Real Estate Statistics

Markham Real Estate Price Trend
Markham real estate average sold price in the last 30 days (June 30 - July 29) was $1,239,260, which is $5,682 (0.5 %) higher than the average price of $1,233,578 in the previous 30 day period (May 31 - June 29), and $224,019 (18.1 %) up from the same period 1 year ago ($1,015,241). Markham real estate prices over the last 30 days are also $103,811 (8.4 %) higher than the average selling price of $1,135,449 over the past year.
Markham average sold price for homes was $1,580,179 in the last 30 days (June 30 - July 29), which is $9,276 (0.6 %) up from the average home price of $1,570,903 in the previous 30 day period (May 31 - June 29), and $296,329 (18.8 %) higher than the same period 1 year ago ($1,283,850). In the last 30 days Markham the average home price was $145,193 (9.2 %) higher than the average selling price of $1,434,986 over the last 12 months.
Average Markham condo sold price over the last 30 days (June 30 - July 29) was $651,069. During this period it was $4,456 (0.7 %) down from the average price of condo of $655,525 during the previous 30 days (May 31 - June 29), and $78,531 (12.1 %) higher compared to the same period 1 year ago ($572,538). In the last 30 days Markham the average condo price was $36,685 (5.6 %) higher than the average selling price of $614,384 over the last year.
Average sold price of Markham townhouse was $972,042 in the last 30 days (June 30 - July 29), up $14,708 (1.5 %) from the average townhome price of $957,334 over the previous 30 days (May 31 - June 29), and $139,562 (14.4 %) higher than during to the same period 1 year ago ($832,480). Over the last 30 days the average townhouse price in Markham was $56,217 (5.8 %) higher compared to the average selling price of $915,825 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Markham real estate was $1,239,260 in the last 30 days (June 30 - July 29), which is collectively $76,762 (6.2 %) higher than the average asking price of $1,245,677. This represents a decline of $13,177 (14.7 %) compared to $89,939 (7.4 %) Sold-Over-Asking price from the previous 30 day period (May 31 - June 29).
The maximum Sold Over/Under Asking ratio in Markham during the last 12 months was recorded in March, 2021 with an average of $120,427 over the asking price, while the minimum occurring in November, 2020 with $1,802 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 120.2 % with 524 properties sold and 642 new properties listed in the past 30 days (June 30 - July 29). This represents an increase from 84.4 % recorded during the previous 30 day period (May 31 - June 29), and an increase from 56.1 % compared to the same period one year ago.
Over the the last year the highest SNLR in Markham was 143.3 % recorded in December and the lowest was in September at 51.5 %. 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 524 properties that were successfully sold in Markham in the last 30 days (June 30 - July 29) was 12 days, which is 0 days more than 12 days average in the previous 30 day period (May 31 - June 29) and 1 days shorter than during the same period a year ago (13 days).
There were 242 delisted properties in Markham, those that got either Expired, Suspended or Terminated over the last 30 days (June 30 - July 29) with an average of 43 days on the market. This is 12 days longer than the average of 31 days during the previous 30 day period (May 31 - June 29) and 5 days less compared to the same period last year average of 48 days on the market.
242 Markham properties that didn't sell stayed on the market 258.3 % longer than 524 that sucessfully sold over the last 30 days - 12 days when sold vs 43 days when delisted respectively.
Average Days on the Market in Markham over the past 12 months for properties that have sold was 15.9 days, with 41.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
436 new properties were listed on the market in Markham in the last 30 days (June 30 - July 29). During the same time 524 properties were sold and 242 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 330 properties (or 75.7 %).
During the previous 30 day period (May 31 - June 29) there were 642 new properties listed, 542 sold and 344 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 971 new properties listed, the slowest - December with 233 new listings and a yearly average of 691 new listings per month.
New Real Estate Listings by Property Type
There were a total of 222 homes listed during the last 30 days (June 30 - July 29), which is 50.9 % of all properties listed in Markham. This is a 34.3 % decline compared with a previous 30 day period (May 31 - June 29) and 53.0 % down from the same period a year ago. Over the past year an average of 395 homes are were listed per month.
118 condo units were listed in the last 30 days (June 30 - July 29) in Markham, which represents 27.1 % of all new listings. This is down 29.3 % from the prior 30 day period (May 31 - June 29) and 46.1 % less compared to the same period last year. There were 160 condos listed per month on average during the last 12 months.
96 townhomes were listed over the last 30 days (June 30 - July 29) in Markham, which is 22.0 % of all new real estate inventory. This is a 29.9 % less than during the previous 30 day period (May 31 - June 29) and 37.7 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 136 a month.
Real Estate Sales by Property Type
There were a total of 292 homes sold during the last 30 days (June 30 - July 29), which is 55.7 % of all properties sold in Markham. This is a 4.6 % decline compared with a previous 30 day period (May 31 - June 29) and 13.6 % up from the same period a year ago. Over the past year an average of 285 homes are were sold per month.
117 condo units were sold in the last 30 days (June 30 - July 29) in Markham, which represents 22.3 % of all sold properties. This is down 7.1 % from the prior 30 day period (May 31 - June 29) and 3.5 % more compared to the same period last year. There were 117 condos sold per month on average during the last 12 months.
115 townhomes were sold over the last 30 days (June 30 - July 29) in Markham, which is 21.9 % of all sold real estate. This is a 4.5 % more than during the previous 30 day period (May 31 - June 29) and 10.6 % increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 101 a month.
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