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Matthew Gizzie Real Estate Professional
Keller Williams Realty Centres, Brokerage.
When would you like to visit...
Matthew Gizzie Real Estate Professional
Keller Williams Realty Centres, Brokerage.
Newmarket Real Estate Market — September 2026
September 2026 confirms the spring rebound has faded. Newmarket is a buyer's market: 28% of new listings sold, inventory sits at 5.1 months, and four in five sales over the past year closed below list price.
The spring recovery came, and went.
Sales peaked at 104 in May with inventory at 3.9 months, then slid to 67 sales and 5.06 months by September. The 12-month average price is $993,116, 20.0% below its September 2022 peak.
Market phase: soft, buyers in control. Supply is now shrinking alongside demand, which is the first thing to watch for a floor.
Newmarket Housing Market — September 2026 At a Glance
September 2026 was a buyer's market in Newmarket and across the broader York Region housing market. Sales fell to 67, 20.2% fewer than a year earlier, and the median price slipped to $875,000. Supply is easing too: active listings are 6.1% lower than last September. For context on a neighbouring market, see the Aurora 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.
Subscribe at youtube.com/@matthewgizzie — monthly market breakdowns for York Region buyers and sellers.
September Market Analysis in Newmarket Today
The same numbers, written up for local readers each month.
Matthew's monthly read on the numbers, written for local readers.
Is Newmarket 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.
37% of new listings sold over the last 12 months. The median since 2010 is 67%.
4.54 months on the three-month measure, against 4.37 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 with financing in place, especially for condo townhouses, where 91% of sales closed below list and inventory is 6.25 months. Move-up buyers also benefit: they sell and buy in the same market, and the step up to a detached home costs fewer dollars than it did at the peak.
Most pressure: Sellers priced to last year's market. Over the last 12 months, 46 listings were pulled for every 100 that came to market, against a long-run norm of 25.
Not sure what 5.1 months of inventory means for your situation?
Get a Custom Breakdown →Newmarket 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 Newmarket peaked at $1,241,390 in September 2022 and now stands at $993,116, 20.0% lower. That is deeper than the 2019 correction, which bottomed 18.0% below its peak.
12-month average $993,116, −5.8% on the year.
12-month average price against its highest level to that point. Zero means a new high. Today: −20.0%.
| Month | Median Price | Average Price | Sales | Median vs a Year Earlier |
|---|---|---|---|---|
| Sep 2026 ✦ | $875,000 | $921,655 | 67 | −3.0% |
| Aug 2026 | $962,500 | $1,024,670 | 80 | +2.1% |
| Jul 2026 | $929,369 | $973,821 | 81 | +0.4% |
| Jun 2026 | $951,750 | $1,026,611 | 94 | −5.6% |
| May 2026 | $962,500 | $1,056,876 | 104 | −5.3% |
| Apr 2026 | $950,000 | $1,011,869 | 83 | −6.8% |
| Mar 2026 | $932,900 | $964,748 | 66 | −8.5% |
| Feb 2026 | $906,250 | $975,446 | 48 | −17.2% |
| Jan 2026 | $861,500 | $907,532 | 44 | −21.0% |
| Dec 2025 | $870,000 | $994,077 | 49 | −13.9% |
| Nov 2025 | $898,000 | $948,647 | 61 | −8.8% |
| Oct 2025 | $925,000 | $1,015,614 | 73 | −9.3% |
| Sep 2025 | $902,500 | $989,105 | 84 | −14.0% |
How Much Are Newmarket 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 April 2022, 72% of Newmarket homes sold above list over the year. Today 81% 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.
Newmarket Home Prices by Property Type — Detached, Condo & Townhouse
Detached homes are 63% of Newmarket's resale activity. Every property type is below its price peak, by 16.7% to 22.7%, so the correction is market-wide and not a shift in what is selling. Figures here cover the last 12 months, because the smaller types record fewer than ten sales in a typical month. 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 | 850 | 100% | $993,116 | −5.8% | −20.0% | 37% | 81% | 339 | 4.54 |
| Detached | 533 | 63% | $1,136,542 | −7.3% | −18.6% | 37% | 79% | 217 | 4.52 |
| Semi-detached | 96 | 11% | $802,871 | −10.7% | −21.2% | 44% | 81% | 29 | 3.48 |
| Row townhouse | 101 | 12% | $840,208 | −8.7% | −22.0% | 37% | 83% | 41 | 5.35 |
| Condo townhouse | 53 | 6% | $707,589 | −8.1% | −22.7% | 34% | 91% | 25 | 6.25 |
| Condo apartment | 59 | 7% | $559,475 | −5.8% | −16.7% | 36% | 85% | 21 | 3.94 |
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 Newmarket?
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 35.3% more than a row townhouse, against a long-run median of 36.8%. In other words the step up is priced about normally. What has changed is the dollar amount: $296,333 today, down from $362,891 at its widest in June 2024. 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 | $840,208 | $1,136,542 | $296,333 | +35.3% | +36.8% | In line with normal |
| Semi-detached → Detached | $802,871 | $1,136,542 | $333,670 | +41.6% | +42.3% | In line with normal |
| Condo townhouse → Detached | $707,589 | $1,136,542 | $428,952 | +60.6% | +62.6% | In line with normal |
| Condo apartment → Row townhouse | $559,475 | $840,208 | $280,734 | +50.2% | +53.6% | Narrower than usual |
| Condo apartment → Semi-detached | $559,475 | $802,871 | $243,397 | +43.5% | +46.4% | In line with normal |
| Condo townhouse → Row townhouse | $707,589 | $840,208 | $132,619 | +18.7% | +19.3% | In line with normal |
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 +29.2% in October 2022 to +51.3% in March 2017. It was lower than today in 32% of earlier months.
Thinking about upgrading? Find out what your current home is worth first.
Free Home Valuation →Newmarket Neighbourhoods — Where to Buy in 2026
Each Newmarket neighbourhood has its own price point, property mix and pace. For adjacent markets, see Bradford West Gwillimbury and East Gwillimbury, or compare with nearby Aurora neighbourhoods. A neighbourhood sees only a handful of sales in any one month, so the figures below cover the full 12 months to September 2026, which is the shortest window that gives a reliable read.
Supply Pressure by Community — 12 Months to September 2026
| Community | Sales | Average Price | vs Year Ago | Listings Sold | Below List | Active | Months Inv. | Condition |
|---|---|---|---|---|---|---|---|---|
| Central Newmarket | 141 | $777,552 | −8.0% | 36% | 83% | 63 | 5.11 | Buyer-leaning |
| Stonehaven-Wyndham | 115 | $1,338,021 | −2.9% | 33% | 78% | 48 | 4.97 | Buyer-leaning |
| Gorham-College Manor | 110 | $960,838 | −0.4% | 41% | 78% | 35 | 3.39 | Balanced |
| Woodland Hill | 103 | $1,022,962 | −8.0% | 35% | 81% | 48 | 4.65 | Buyer-leaning |
| Summerhill Estates | 102 | $956,090 | −12.1% | 37% | 79% | 40 | 4.29 | Buyer-leaning |
| Bristol-London | 94 | $890,991 | −11.5% | 41% | 82% | 30 | 3.10 | Balanced |
| Huron Heights-Leslie Valley | 86 | $920,795 | −7.8% | 49% | 84% | 24 | 5.14 | Balanced |
| Glenway Estates | 68 | $1,118,791 | −9.3% | 31% | 78% | 42 | 6.63 | Buyer-leaning |
| Armitage | 31 | $1,065,935 | −2.2% | 36% | 87% | 9 | 4.50 | 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 Newmarket? September 2026 Strategy Guide
Buyers have the leverage. Pricing decides everything else.
81% of sales over the last year closed below list, and 46 of every 100 listings were pulled without selling. Homes priced to today's market are selling in a median of 28 days.
Execution matters more than timing right now. Talk to Matthew directly →
Newmarket Investment & Rental Market Outlook — 2026
The headline says Newmarket rents are falling: the average lease signed through the MLS over the last 12 months was $2,554 a month, down 6.2% on the year. Split the same leases by bedroom count and the picture changes. Rent for a 1-bedroom is −0.2% and for a 3-bedroom −0.2%. Most of the headline drop is more small units being leased, not rents coming down. See the full Newmarket 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 | 346 | $1,882 | −0.2% | −5.3% | 63% | 54 | 30 |
| 2 bedroom | 257 | $2,192 | −6.6% | −7.0% | 57% | 52 | 24 |
| 3 bedroom | 353 | $2,982 | −0.2% | −4.9% | 69% | 39 | 29 |
| 4 bedroom | 162 | $3,591 | −1.5% | −3.1% | 75% | 18 | 36 |
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.
Buying in Newmarket right now
Buyers have the leverage: with 5.1 months of inventory, you have time to compare homes and keep your financing and inspection conditions. The median September sale closed at 96.4% of its list price, and the median home sold in 28 days. Build your offer on recent sold prices, not the asking price.
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 Newmarket data.
Newmarket Real Estate FAQ — Prices, Market & Neighbourhoods
Prices & Market Conditions
Neighbourhoods & Community
Buying & Selling
Newmarket Real Estate Forecast — What to Watch in October & November 2026
In March we set a test for whether the spring bounce was a real recovery: sales of 60 or more a month with inventory at 4.0 months or less. Here is how each of the last 12 months scored. One month passed (May 2026). September is back to caution.
Gold: recovery test met. Charcoal: caution (sales under 50, or inventory over 4.5 months). Pale: in between.
Inventory moving back toward 4.0 months while sales hold above 60 through the fall. Last year sales were 73 in October and 61 in November, so holding near those levels with fewer listings would tighten the market. Watch the share of sales closing below list: it eased to 77% over the last three months.
Sales below 50 a month before December, or inventory staying above 5 months. The 12-month average price is falling 5.8% a year; if that rate stops improving, the correction has further to run. The Bank of Canada's next rate decision is October 28.
This is what separates informed decisions from guesswork. Bookmark the Newmarket real estate market 2026 report — updated monthly, with every month back to 2010.
Get Newmarket Market Updates Every Month
Prices, inventory, and what it means for buyers and sellers — delivered before it's publicly posted.
Related Reports & Resources
Coverage
Resale transactions and leases recorded through the MLS® for Newmarket, 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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