Markham Real Estate Statistics

Markham real estate average sold price in the last 30 days (March 27 - April 25) was $1,311,298, which is $22,792 (1.7%) lower than the average price of $1,334,090 in the previous 30 day period (February 26 - March 26), and $43,387 (3.3%) down from the same period 1 year ago ($1,354,685). Markham real estate prices over the last 30 days are also $423 (0.0%) higher than the average selling price of $1,310,875 over the past year.

Markham average sold price for homes was $1,676,495 in the last 30 days (March 27 - April 25), which is $20,748 (1.2%) down from the average home price of $1,697,243 in the previous 30 day period (February 26 - March 26), and $16,818 (1.0%) lower than the same period 1 year ago ($1,693,313). In the last 30 days Markham the average home price was $3,629 (0.2%) lower than the average selling price of $1,680,124 over the last 12 months.

Average Markham condo sold price over the last 30 days (March 27 - April 25) was $708,676. During this period it was $10,812 (1.5%) down from the average price of condo of $719,488 during the previous 30 days (February 26 - March 26), and $18,750 (2.6%) lower compared to the same period 1 year ago ($727,426). In the last 30 days Markham the average condo price was $25,680 (3.6%) lower than the average selling price of $734,356 over the last year.

Average sold price of Markham townhouse was $1,156,464 in the last 30 days (March 27 - April 25), up $22,368 (1.9%) from the average townhome price of $1,134,096 over the previous 30 days (February 26 - March 26), and $51,562 (4.5%) lower than during to the same period 1 year ago ($1,208,026). Over the last 30 days the average townhouse price in Markham was $26,957 (2.3%) higher compared to the average selling price of $1,129,507 over the last 12 months.

Average selling price for Markham real estate was $1,311,298 in the last 30 days (March 27 - April 25), which is collectively $75,964 (5.6%) higher than the average asking price of $1,357,944. This represents a decline of $4,825 (6.0%) compared to $80,789 (6.0%) Sold-Over-Asking price from the previous 30 day period (February 26 - March 26).

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 (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 66.8% with 387 properties sold and 535 new properties listed in the past 30 days (March 27 - April 25). This represents an increase from 63.7% recorded during the previous 30 day period (February 26 - March 26), and a decrease from 80.2% 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.

The Average Days on the Market (DOM) for 387 properties that were successfully sold in Markham in the last 30 days (March 27 - April 25) was 15 days, which is 2 days less than 17 days average in the previous 30 day period (February 26 - March 26) and 0 days longer than during the same period a year ago (15 days).

There were 299 delisted properties in Markham, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 49 days on the market. This is 0 days longer than the average of 49 days during the previous 30 day period (February 26 - March 26) and 10 days less compared to the same period last year average of 59 days on the market.

299 Markham properties that didn't sell stayed on the market 226.7% longer than 387 that sucessfully sold over the last 30 days - 15 days when sold vs 49 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 48.3 days for those properties that did not sell.

579 new properties were listed on the market in Markham in the last 30 days (March 27 - April 25). During the same time 387 properties were sold and 299 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 107 properties (or 18.5%).

During the previous 30 day period (February 26 - March 26) there were 535 new properties listed, 341 sold and 212 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 492 new listings per month.

There were a total of 294 homes listed during the last 30 days (March 27 - April 25), which is 50.8% of all properties listed in Markham. This is a 6.9% increase compared with a previous 30 day period (February 26 - March 26) and 17.1% up from the same period a year ago. Over the past year an average of 254 homes are were listed per month.

147 condo units were listed in the last 30 days (March 27 - April 25) in Markham, which represents 25.4% of all new listings. This is up 19.5% from the prior 30 day period (February 26 - March 26) and 45.5% more compared to the same period last year. There were 125 condos listed per month on average during the last 12 months.

138 townhomes were listed over the last 30 days (March 27 - April 25) in Markham, which is 23.8% of all new real estate inventory. This is a 0.7% more than during the previous 30 day period (February 26 - March 26) and 13.1% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 113 a month.

There were a total of 191 homes sold during the last 30 days (March 27 - April 25), which is 49.4% of all properties sold in Markham. This is a 6.1% increase compared with a previous 30 day period (February 26 - March 26) and 5.0% down from the same period a year ago. Over the past year an average of 154 homes are were sold per month.

88 condo units were sold in the last 30 days (March 27 - April 25) in Markham, which represents 22.7% of all sold properties. This is up 10.0% from the prior 30 day period (February 26 - March 26) and 1.1% more compared to the same period last year. There were 74 condos sold per month on average during the last 12 months.

108 townhomes were sold over the last 30 days (March 27 - April 25) in Markham, which is 27.9% of all sold real estate. This is a 33.3% more than during the previous 30 day period (February 26 - March 26) and 17.4% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 73 a month.