Markham Real Estate Statistics

Markham real estate average sold price in the last 30 days (May 8 - June 6) was $1,373,289, which is $64,628 (4.7%) lower than the average price of $1,437,917 in the previous 30 day period (April 8 - May 7), and $15,585 (1.1%) up from the same period 1 year ago ($1,357,704). Markham real estate prices over the last 30 days are also $91,210 (6.6%) higher than the average selling price of $1,282,079 over the past year.

Markham average sold price for homes was $1,773,679 in the last 30 days (May 8 - June 6), which is $11,163 (0.6%) down from the average home price of $1,784,842 in the previous 30 day period (April 8 - May 7), and $117,457 (6.6%) higher than the same period 1 year ago ($1,656,222). In the last 30 days Markham the average home price was $128,979 (7.3%) higher than the average selling price of $1,644,700 over the last 12 months.

Average Markham condo sold price over the last 30 days (May 8 - June 6) was $761,913. During this period it was $6,270 (0.8%) down from the average price of condo of $768,183 during the previous 30 days (April 8 - May 7), and $7,712 (1.0%) lower compared to the same period 1 year ago ($769,625). In the last 30 days Markham the average condo price was $47,330 (6.2%) higher than the average selling price of $714,583 over the last year.

Average sold price of Markham townhouse was $1,256,506 in the last 30 days (May 8 - June 6), up $33,123 (2.6%) from the average townhome price of $1,223,383 over the previous 30 days (April 8 - May 7), and $104,666 (8.3%) higher than during to the same period 1 year ago ($1,151,840). Over the last 30 days the average townhouse price in Markham was $139,380 (11.1%) higher compared to the average selling price of $1,117,126 over the last 12 months.

Average selling price for Markham real estate was $1,373,289 in the last 30 days (May 8 - June 6), which is collectively $161,932 (11.7%) higher than the average asking price of $1,385,720. This represents an increase of $36,050 (28.6%) compared to $125,882 (8.8%) Sold-Over-Asking price from the previous 30 day period (April 8 - May 7).

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 July, 2022 with $2,246 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 63.8% with 426 properties sold and 505 new properties listed in the past 30 days (May 8 - June 6). This represents a decrease from 80.8% recorded during the previous 30 day period (April 8 - May 7), and an increase from 46.3% compared to the same period one year ago.

Over the the last year the highest SNLR in Markham was 93.6% recorded in December and the lowest was in July at 54.7%. 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 426 properties that were successfully sold in Markham in the last 30 days (May 8 - June 6) was 11 days, which is 2 days less than 13 days average in the previous 30 day period (April 8 - May 7) and 3 days shorter than during the same period a year ago (14 days).

There were 195 delisted properties in Markham, those that got either Expired, Suspended or Terminated over the last 30 days (May 8 - June 6) with an average of 31 days on the market. This is 12 days shorter than the average of 43 days during the previous 30 day period (April 8 - May 7) and 1 days less compared to the same period last year average of 32 days on the market.

195 Markham properties that didn't sell stayed on the market 181.8% longer than 426 that sucessfully sold over the last 30 days - 11 days when sold vs 31 days when delisted respectively.

Average Days on the Market in Markham over the past 12 months for properties that have sold was 17.7 days, with 47.8 days for those properties that did not sell.

668 new properties were listed on the market in Markham in the last 30 days (May 8 - June 6). During the same time 426 properties were sold and 195 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 47 properties (or 7.0%).

During the previous 30 day period (April 8 - May 7) there were 505 new properties listed, 408 sold and 140 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 653 new properties listed, the slowest - December with 188 new listings and a yearly average of 404 new listings per month.

There were a total of 370 homes listed during the last 30 days (May 8 - June 6), which is 55.4% of all properties listed in Markham. This is a 33.6% increase compared with a previous 30 day period (April 8 - May 7) and 18.2% up from the same period a year ago. Over the past year an average of 205 homes are were listed per month.

152 condo units were listed in the last 30 days (May 8 - June 6) in Markham, which represents 22.8% of all new listings. This is up 52.0% from the prior 30 day period (April 8 - May 7) and 7.0% more compared to the same period last year. There were 106 condos listed per month on average during the last 12 months.

146 townhomes were listed over the last 30 days (May 8 - June 6) in Markham, which is 21.9% of all new real estate inventory. This is a 14.1% more than during the previous 30 day period (April 8 - May 7) and 10.6% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 93 a month.

There were a total of 210 homes sold during the last 30 days (May 8 - June 6), which is 49.3% of all properties sold in Markham. This is a 6.2% decline compared with a previous 30 day period (April 8 - May 7) and 32.9% up from the same period a year ago. Over the past year an average of 137 homes are were sold per month.

119 condo units were sold in the last 30 days (May 8 - June 6) in Markham, which represents 27.9% of all sold properties. This is up 41.7% from the prior 30 day period (April 8 - May 7) and 91.9% more compared to the same period last year. There were 68 condos sold per month on average during the last 12 months.

97 townhomes were sold over the last 30 days (May 8 - June 6) in Markham, which is 22.8% of all sold real estate. This is a 3.0% less than during the previous 30 day period (April 8 - May 7) and 86.5% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 67 a month.