Markham Real Estate Market — September 2026
September 2026 was a buyer's market in Markham: 33% of new listings sold and inventory sits at 4.6 months. Underneath, supply is shrinking faster than demand.
Tightening from the supply side.
Over the last three months sales are 6.9% higher than a year earlier while new listings are 7.8% lower and active listings 11.4% lower. Prices have not followed: the 12-month average is $1,150,057, 17.1% below its August 2022 peak.
Market phase: balanced. 6 of seven signals are firmer than a year ago; price is the one that is not.
Markham Housing Market — September 2026 At a Glance
September 2026 brought 249 sales in Markham, 5.3% lower than a year earlier, and a median price of $1,060,000, 7.8% lower. Supply fell further: new listings are 7.7% lower and active listings 11.4% lower than last September. See how that compares with the broader York Region housing market and with the neighbouring Richmond Hill real estate market report. Every figure below is compared with the same month a year earlier, which removes the seasonal swing that month-to-month comparisons carry.
September 2026 — Full Breakdown
Prices, inventory, what's moving and what's sitting — explained in plain language. Subscribe to get every monthly market video the moment it drops.
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Is Markham a Buyer's or Seller's Market? — September 2026
The cleanest single read on who holds the leverage is the share of new listings that sell. Under 40% is a buyer's market and over 60% is a seller's market. We show it three ways, because one month can swing: the latest month, the last three months and the last twelve.
Balance Meter
The needle shows the latest month, which can swing. The three- and 12-month reads are steadier.
Seven signals, Jul to Sep 2026 against the same months a year earlier.
Hotter means tighter for buyers; cooler means more room. A signal moves only when it changes by a set amount: 5% for sales and listings, 2% for price, 3 points for the ratios, 0.3 months for inventory.
40% of new listings sold over the last 12 months. The median since 2010 is 57%.
4.27 months on the three-month measure, against 5.22 a year earlier. How long the current stock of listings would last at the current pace of sales.
Every Month Since 2010 — Share of New Listings That Sold
Charcoal favours buyers, gold favours sellers, and the pale middle is balanced. Read across a row to see the season; read down a column to compare the same month over 17 years.
Best positioned right now: Buyers of condo apartments, where 81% of sales closed below list and inventory is 6.26 months. Move-up buyers also benefit: a detached home costs 47.7% more than a row townhouse, against a long-run median of 58.0%.
Most pressure: Sellers priced to last year's market. Over the last 12 months, 42 listings were pulled for every 100 that came to market, against a long-run norm of 30.
Not sure what 4.6 months of inventory means for your situation?
Get a Custom Breakdown →Markham Home Price Trends — 2010 to September 2026
One month's average price moves with the mix of homes that happened to sell. To see the real trend we use the 12-month average: total dollar volume divided by total sales over the trailing year. On that measure Markham peaked at $1,387,447 in August 2022 and now stands at $1,150,057, 17.1% lower. For scale, the 2019 correction bottomed 18.0% below its peak.
12-month average $1,150,057, −6.0% on the year.
12-month average price against its highest level to that point. Zero means a new high. Today: −17.1%.
| Month | Median Price | Average Price | Sales | Median vs a Year Earlier |
|---|---|---|---|---|
| Sep 2026 ✦ | $1,060,000 | $1,137,390 | 249 | −7.8% |
| Aug 2026 | $1,096,500 | $1,200,276 | 282 | +2.5% |
| Jul 2026 | $1,056,145 | $1,122,677 | 290 | −8.0% |
| Jun 2026 | $1,070,000 | $1,135,851 | 355 | −14.7% |
| May 2026 | $1,130,000 | $1,182,496 | 311 | −8.1% |
| Apr 2026 | $1,091,000 | $1,152,164 | 260 | −9.1% |
| Mar 2026 | $1,094,000 | $1,146,867 | 224 | −8.5% |
| Feb 2026 | $1,045,000 | $1,062,562 | 187 | −15.6% |
| Jan 2026 | $1,060,000 | $1,065,241 | 157 | −9.2% |
| Dec 2025 | $1,120,000 | $1,208,267 | 158 | −8.0% |
| Nov 2025 | $1,100,000 | $1,145,514 | 217 | −8.3% |
| Oct 2025 | $1,105,000 | $1,195,734 | 296 | −6.4% |
| Sep 2025 | $1,150,000 | $1,190,449 | 263 | −3.8% |
How Much Are Markham Buyers Negotiating?
Whether homes sell above or below their list price is the most direct measure of who is negotiating from strength. At the height of the last cycle, in March 2022, 71% of Markham homes sold above list over the year. Today 26% do, and 71% sell below it.
Each month's share weighted by that month's sales and averaged over 12 months. Above and below are measured against the original list price.
Markham Home Prices by Property Type — Detached, Condo & Townhouse
Detached homes are 43% of Markham's resale activity and condo apartments 23%. Every property type is below its price peak, by 17.9% to 20.7%, so the correction is market-wide and not a shift in what is selling. Conditions are not uniform: condo apartments carry 6.26 months of inventory, semi-detached homes 2.42. Figures here cover the last 12 months. Investors can cross-check the real estate investor guide and the investment deal analyzer.
Total dollar volume divided by sales over the trailing 12 months, for each property type.
The Last 12 Months by Property Type
| Property Type | Sales | Share | Average Price | vs Year Ago | From Peak | Listings Sold | Below List | Active | Months Inv. |
|---|---|---|---|---|---|---|---|---|---|
| All homes | 2,986 | 100% | $1,150,057 | −6.0% | −17.1% | 40% | 71% | 1155 | 4.27 |
| Detached | 1,283 | 43% | $1,557,689 | −5.9% | −17.9% | 42% | 72% | 461 | 3.71 |
| Semi-detached | 173 | 6% | $1,053,742 | −10.9% | −20.7% | 48% | 65% | 42 | 2.42 |
| Row townhouse | 460 | 15% | $1,054,808 | −9.4% | −19.3% | 43% | 65% | 147 | 4.08 |
| Condo townhouse | 244 | 8% | $802,763 | −7.1% | −17.9% | 40% | 65% | 93 | 3.88 |
| Condo apartment | 675 | 23% | $625,481 | −8.7% | −18.6% | 33% | 81% | 355 | 6.26 |
All homes also counts link homes and other types not listed, so shares do not add to 100%. Months of inventory is the three-month measure.
Current Active Inventory Snapshot
Is Now a Good Time to Upgrade in Markham?
A move-up buyer sells and buys in the same market, so what matters is the gap between the two homes, not the level of prices. We track that gap every month back to 2010. Today a detached home costs 47.7% more than a row townhouse, against a long-run median of 58.0%. In other words the step up is cheaper than usual. In dollars it is $502,881 today, against $676,212 at its widest in September 2017. Review the full buyer's guide for York Region before making your move.
| Upgrade Path | Selling (12-Mo Avg) | Buying (12-Mo Avg) | Step Up | Premium | Typical Since 2010 | Read |
|---|---|---|---|---|---|---|
| Row townhouse → Detached | $1,054,808 | $1,557,689 | $502,881 | +47.7% | +58.0% | Narrower than usual |
| Semi-detached → Detached | $1,053,742 | $1,557,689 | $503,947 | +47.8% | +52.3% | Narrower than usual |
| Condo townhouse → Detached | $802,763 | $1,557,689 | $754,926 | +94.0% | +95.9% | In line with normal |
| Condo apartment → Row townhouse | $625,481 | $1,054,808 | $429,327 | +68.6% | +67.9% | In line with normal |
| Condo apartment → Semi-detached | $625,481 | $1,053,742 | $428,261 | +68.5% | +70.2% | In line with normal |
| Condo townhouse → Row townhouse | $802,763 | $1,054,808 | $252,045 | +31.4% | +27.3% | Wider than usual |
A free home valuation gives you your current equity position, the essential first step before any move-up decision. Also review the seller's guide to understand your net proceeds. Get a Free Valuation →
The premium has ranged from +40.7% in April 2024 to +80.7% in October 2016. It was lower than today in 29% of earlier months.
Thinking about upgrading? Find out what your current home is worth first.
Free Home Valuation →Markham Neighbourhoods — Where to Buy in 2026
Markham is a city of distinct markets: over the last 12 months 16 of its 36 neighbourhoods were buyer-leaning and 3 seller-leaning. For adjacent markets, see Richmond Hill, Vaughan and Whitchurch-Stouffville. A neighbourhood can see only a handful of sales in any one month, so the figures below cover the full 12 months to September 2026, and only neighbourhoods with at least 12 sales are shown.
Supply Pressure by Community — 12 Months to September 2026
| Community | Sales | Average Price | vs Year Ago | Listings Sold | Below List | Active | Months Inv. | Condition |
|---|---|---|---|---|---|---|---|---|
| Unionville | 513 | $993,101 | −3.2% | 34% | 73% | 254 | 5.91 | Buyer-leaning |
| Cornell | 229 | $966,948 | −12.4% | 43% | 73% | 96 | 5.33 | Balanced |
| Berczy | 179 | $1,277,582 | −7.5% | 54% | 65% | 36 | 2.12 | Balanced |
| Wismer | 166 | $1,155,273 | −9.1% | 42% | 66% | 62 | 4.89 | Balanced |
| Greensborough | 155 | $1,035,281 | −9.7% | 39% | 66% | 54 | 3.38 | Buyer-leaning |
| Commerce Valley | 145 | $674,421 | −7.5% | 41% | 80% | 59 | 5.06 | Balanced |
| Middlefield | 110 | $1,155,995 | −7.2% | 46% | 63% | 36 | 2.84 | Balanced |
| Markham Village | 109 | $1,262,377 | −2.3% | 46% | 76% | 27 | 3.38 | Balanced |
| Aileen-Willowbrook | 104 | $1,009,144 | −5.9% | 48% | 80% | 32 | 3.00 | Balanced |
| Angus Glen | 96 | $1,493,926 | −2.4% | 40% | 69% | 38 | 5.70 | Buyer-leaning |
| Milliken Mills East | 96 | $1,159,244 | −10.5% | 45% | 64% | 28 | 2.55 | Balanced |
| Royal Orchard | 94 | $1,132,322 | +0.6% | 37% | 78% | 48 | 6.00 | Buyer-leaning |
| Box Grove | 67 | $1,227,001 | −9.6% | 44% | 70% | 18 | 2.45 | Balanced |
| Thornhill | 66 | $1,128,792 | +22.7% | 32% | 77% | 42 | 7.88 | Buyer-leaning |
| Markville | 64 | $1,232,892 | +5.6% | 65% | 78% | 5 | 0.94 | Seller-leaning |
| Cachet | 59 | $1,789,662 | −5.1% | 42% | 63% | 16 | 3.43 | Balanced |
| Milliken Mills West | 59 | $1,094,130 | −15.5% | 61% | 53% | 12 | 2.00 | Seller-leaning |
| Grandview | 56 | $1,062,998 | −7.5% | 31% | 80% | 32 | 8.73 | Buyer-leaning |
| Victoria Square | 56 | $1,308,969 | −14.6% | 42% | 68% | 17 | 2.83 | Balanced |
| Cathedraltown | 55 | $1,192,345 | −3.5% | 34% | 67% | 29 | 7.25 | Buyer-leaning |
| Cedarwood | 48 | $977,977 | −12.4% | 27% | 62% | 21 | 3.94 | Buyer-leaning |
| Raymerville | 48 | $1,100,291 | −10.6% | 63% | 71% | 7 | 1.50 | Seller-leaning |
| German Mills | 46 | $1,212,880 | +6.0% | 53% | 67% | 10 | 3.75 | Balanced |
| Village Green-South Unionville | 44 | $1,211,844 | −9.8% | 36% | 64% | 23 | 4.31 | Buyer-leaning |
| Bullock | 42 | $1,287,983 | −5.7% | 34% | 60% | 17 | 2.83 | Buyer-leaning |
| Buttonville | 37 | $1,457,021 | −17.2% | 53% | 73% | 9 | 2.45 | Balanced |
| Old Markham Village | 32 | $1,007,121 | −24.8% | 39% | 84% | 11 | 2.75 | Buyer-leaning |
| Thornlea | 31 | $1,612,929 | −15.8% | 50% | 84% | 14 | 6.00 | Balanced |
| Victoria Manor-Jennings Gate | 27 | $1,607,174 | −6.6% | 49% | 74% | 8 | 2.40 | Balanced |
| Bayview Fairway-Bayview Country Club Estates | 23 | $1,492,688 | −6.6% | 40% | 74% | 12 | 4.00 | Buyer-leaning |
| Legacy | 20 | $1,322,875 | −11.0% | 45% | 80% | 7 | 3.50 | Balanced |
| Sherwood-Amberglen | 20 | $1,174,594 | −9.6% | 43% | 70% | 9 | 6.75 | Balanced |
| Rural Markham | 19 | $1,422,760 | −30.7% | 27% | 53% | 8 | 4.80 | Buyer-leaning |
| Bayview Glen | 17 | $3,020,647 | +16.6% | 15% | 82% | 22 | 11.00 | Buyer-leaning |
| Devil's Elbow | 16 | $2,536,750 | −35.0% | 28% | 88% | 18 | 10.80 | Buyer-leaning |
| Cedar Grove | 12 | $901,117 | −18.1% | 35% | 58% | 5 | 3.00 | Buyer-leaning |
Listings sold = sales ÷ new listings over 12 months. Above 60% = seller-leaning; 40–60% = balanced; below 40% = buyer-leaning. Average prices cover all property types, so a change in the mix of homes sold can move a neighbourhood's average as much as the market does.
Buying or Selling in Markham? September 2026 Strategy Guide
Leverage depends on the product. Pricing decides the rest.
71% of sales over the last year closed below list, and 42 of every 100 listings were pulled without selling. Homes priced to today's market sold in a median of 24 days in September.
Know which Markham you are in before you set a price or write an offer. Talk to Matthew directly →
Markham Investment & Rental Market Outlook — 2026
Markham rents are lower than a year ago, and here the headline is not a trick of the mix. The average lease signed through the MLS over the last 12 months was $2,820 a month, down 4.6% on the year, and rent is lower at every bedroom count: −5.2% for a 1-bedroom, −5.1% for a 2-bedroom, −4.5% for a 3-bedroom and −1.3% for a 4-bedroom. Demand is not the issue: 5,095 leases were signed, against 4,668 the year before. See the full Markham rental market report.
Total lease value divided by leases signed over the trailing 12 months, for each bedroom count.
| Bedrooms | Leases, 12 Months | Average Rent | vs Year Ago | From Peak | Listings Leased | Active | Median Days to Lease |
|---|---|---|---|---|---|---|---|
| 1 bedroom | 1,778 | $2,187 | −5.2% | −8.3% | 69% | 177 | 15 |
| 2 bedroom | 1,366 | $2,649 | −5.1% | −6.8% | 59% | 232 | 21 |
| 3 bedroom | 1,104 | $3,241 | −4.5% | −6.7% | 68% | 120 | 19 |
| 4 bedroom | 745 | $3,873 | −1.3% | −4.3% | 63% | 88 | 13 |
For Investors
For Renters
For Landlords
Rents are averages of leases signed through the MLS® over the last 12 months. The gross yield compares average rent with average sale price for row townhouses; they are not the same homes, so treat it as a rough guide.
Want to Know What This Market Means for You?
Every situation is different. I break down your exact position — whether you're buying, selling, or investing — using the current Markham data.
Markham Real Estate FAQ — Prices, Market & Neighbourhoods
Prices & Market Conditions
Neighbourhoods & Community
Buying & Selling
Markham Real Estate Forecast — What to Watch in October & November 2026
Our proposed test for a real recovery in Markham: sales of 300 or more a month with inventory at 4.0 months or less. Caution is sales under 220 or inventory above 5.0 months. Here is how each of the last 12 months scored. One month passed (June 2026), and 4 scored caution. September reads mixed.
Gold: recovery test met. Charcoal: caution (sales under 220, or inventory over 5 months). Pale: in between.
Inventory moving toward 4.0 months while sales hold up through the fall. Last year sales were 296 in October and 217 in November, so matching those levels with fewer listings would tighten the market further. Watch the 12-month price decline: it has held at 6.0%, and a smaller figure would be the first sign of a floor.
Sales under 220 a month before December, or inventory above 5.0 months. The share of sales closing below list is 68% over the last three months; a move back toward 72% would mean buyers are regaining ground. The Bank of Canada's next rate decision is also one to watch.
This is what separates informed decisions from guesswork. Bookmark the Markham real estate market 2026 report — updated monthly, with every month back to 2010.
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Related Reports & Resources
Coverage
Resale transactions and leases recorded through the MLS® for Markham, Ontario. Source: HabiStat MLS® statistics, all associations, monthly from January 2010 to September 2026. Excludes new construction sold by builders, assignment sales and private sales. The current partial month is reported separately and left out of every calculation.
Key Definitions
Share of new listings sold (SNLR): sales divided by new listings in the period. Months of inventory: how long active listings would last at the current pace of sales; the three-month measure uses the trailing three months of sales. 12-month average price: total dollar volume divided by total sales over the trailing 12 months. Sale-to-list: sale price as a percentage of list price. Distance from peak: the 12-month average price against its highest level to that point.
How the Reads Are Made
Market phase compares the latest three months with the same three months a year earlier and tags each signal hotter, cooler or steady by a fixed threshold. The balance meter treats under 40% of new listings selling as a buyer's market and over 60% as a seller's market. These are rules applied to the data, not forecasts.
Limitations
Figures by property type or neighbourhood rest on smaller samples and can move with the mix of homes sold, which is why they are shown over 12 months. Average rents cover leases through the MLS® only. All data is subject to revision.
Editorial Notes
Neighbourhood descriptions and commute times are editorial and are not appraisals. Commute times reflect typical off-peak conditions.
All metrics are for informational purposes only and do not constitute financial, legal or investment advice. MLS® is a registered trademark of the Canadian Real Estate Association. Matthew Gizzie is a registered REALTOR® with Keller Williams Realty Centres, Brokerage.
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