Markham Real Estate Statistics

Markham real estate average sold price in the last 30 days (January 21 - February 19) was $1,251,768, which is $22,605 (1.8%) higher than the average price of $1,229,163 in the previous 30 day period (December 22 - January 20), and $64,299 (5.1%) down from the same period 1 year ago ($1,316,067). Markham real estate prices over the last 30 days are also $12,883 (1.0%) lower than the average selling price of $1,264,651 over the past year.

Markham average sold price for homes was $1,583,911 in the last 30 days (January 21 - February 19), which is $19,579 (1.2%) up from the average home price of $1,564,332 in the previous 30 day period (December 22 - January 20), and $115,513 (7.3%) lower than the same period 1 year ago ($1,699,424). In the last 30 days Markham the average home price was $44,524 (2.8%) lower than the average selling price of $1,628,435 over the last 12 months.

Average Markham condo sold price over the last 30 days (January 21 - February 19) was $687,180. During this period it was $41,076 (6.0%) down from the average price of condo of $728,256 during the previous 30 days (December 22 - January 20), and $35,278 (5.1%) lower compared to the same period 1 year ago ($722,458). In the last 30 days Markham the average condo price was $29,594 (4.3%) lower than the average selling price of $716,774 over the last year.

Average sold price of Markham townhouse was $1,090,178 in the last 30 days (January 21 - February 19), down $9,845 (0.9%) from the average townhome price of $1,100,023 over the previous 30 days (December 22 - January 20), and $73,256 (6.7%) lower than during to the same period 1 year ago ($1,163,434). Over the last 30 days the average townhouse price in Markham was $24,757 (2.3%) lower compared to the average selling price of $1,114,935 over the last 12 months.

Average selling price for Markham real estate was $1,251,768 in the last 30 days (January 21 - February 19), which is collectively $6,714 (0.5%) higher than the average asking price of $1,295,149. This represents an increase of $20,072 (150.3%) compared to $13,358 (1.0%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 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 December, 2024 with $10,705 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 31.9% with 168 properties sold and 335 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 42.7% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 56.4% compared to the same period one year ago.

Over the the last year the highest SNLR in Markham was 90.5% 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 168 properties that were successfully sold in Markham in the last 30 days (January 21 - February 19) was 31 days, which is 6 days less than 37 days average in the previous 30 day period (December 22 - January 20) and 4 days longer than during the same period a year ago (27 days).

There were 200 delisted properties in Markham, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 61 days on the market. This is 17 days shorter than the average of 78 days during the previous 30 day period (December 22 - January 20) and 2 days less compared to the same period last year average of 63 days on the market.

200 Markham properties that didn't sell stayed on the market 96.8% longer than 168 that sucessfully sold over the last 30 days - 31 days when sold vs 61 days when delisted respectively.

Average Days on the Market in Markham over the past 12 months for properties that have sold was 23.8 days, with 54.4 days for those properties that did not sell.

526 new properties were listed on the market in Markham in the last 30 days (January 21 - February 19). During the same time 168 properties were sold and 200 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 158 properties (or 30.0%).

During the previous 30 day period (December 22 - January 20) there were 335 new properties listed, 143 sold and 321 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 220 new listings and a yearly average of 563 new listings per month.

There were a total of 235 homes listed during the last 30 days (January 21 - February 19), which is 44.7% of all properties listed in Markham. This is a 47.8% increase compared with a previous 30 day period (December 22 - January 20) and 22.4% up from the same period a year ago. Over the past year an average of 274 homes are were listed per month.

170 condo units were listed in the last 30 days (January 21 - February 19) in Markham, which represents 32.3% of all new listings. This is up 73.5% from the prior 30 day period (December 22 - January 20) and 58.9% more compared to the same period last year. There were 154 condos listed per month on average during the last 12 months.

121 townhomes were listed over the last 30 days (January 21 - February 19) in Markham, which is 23.0% of all new real estate inventory. This is a 55.1% more than during the previous 30 day period (December 22 - January 20) and 15.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 135 a month.

There were a total of 86 homes sold during the last 30 days (January 21 - February 19), which is 51.2% of all properties sold in Markham. This is a 21.1% increase compared with a previous 30 day period (December 22 - January 20) and 22.5% down from the same period a year ago. Over the past year an average of 135 homes are were sold per month.

38 condo units were sold in the last 30 days (January 21 - February 19) in Markham, which represents 22.6% of all sold properties. This is down 2.6% from the prior 30 day period (December 22 - January 20) and 32.1% less compared to the same period last year. There were 69 condos sold per month on average during the last 12 months.

44 townhomes were sold over the last 30 days (January 21 - February 19) in Markham, which is 26.2% of all sold real estate. This is a 33.3% more than during the previous 30 day period (December 22 - January 20) and 27.9% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 73 a month.