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Matthew Gizzie Real Estate Professional
Keller Williams Realty Centers, Brokerage.
When would you like to visit...
Matthew Gizzie Real Estate Professional
Keller Williams Realty Centers, Brokerage.
Newmarket Real Estate Market — March 2026
March 2026 shows a sharp rebound in activity — but Newmarket remains firmly in buyer's market territory. Prices are stabilizing, inventory is tightening, and early signs of a potential floor are forming.
The Newmarket market is shifting — not flipping.
Sales jumped 38% month-over-month and prices rebounded 5.6%, but inventory remains elevated and buyer leverage is still intact.
This is an early-stage recovery, not a full trend reversal.
Newmarket Housing Market — March 2026 At a Glance
March 2026 marks the first real sign of momentum returning to the Newmarket real estate market — and the broader York Region housing market. Sales surged 38% month-over-month, median price rebounded by $45,000, and months of inventory tightened to 4.6. For context on how neighbouring markets compare, see the Aurora real estate market report. At the same time, year-over-year prices are still down 7.8%, confirming the market is stabilizing — not fully recovered. This is what early-cycle transition looks like.
Subscribe at youtube.com/@matthewgizzie — monthly market breakdowns for York Region buyers and sellers.
Is Newmarket a Buyer's or Seller's Market? — March 2026
Three core indicators define Newmarket's current market balance: the Sales-to-New-Listings Ratio (SNLR), months of inventory (MOI), and average days on market (DOM). All three are improving but remain in buyer-leaning territory as of March 2026.
Market Balance Indicator
Buyer's MarketConclusion: Transition phase — not a seller's market. Act accordingly.
Best positioned right now: Move-up buyers and first-time buyers with stable income who can act before spring competition tightens further.
Most pressure: Overpriced sellers anchored to 2025 expectations, and leveraged investors facing compressed cap rates and softening rents.
Not sure what 4.6 months of inventory means for your situation?
Get a Custom Breakdown →Newmarket Home Price Trends — March 2025 to March 2026
Newmarket's median sale price peaked at $1,020,000 in March 2025 and corrected through 2025. The March 2026 median of $940,000 reflects a 7.8% year-over-year decline — significantly narrower than February's 18.4% YoY gap. The MoM signal is strongly positive: median up $45,000 (+5.6%) from February.
■ Prior months | ■ Current month | Peak: $1,020,000 (Mar '25) | Current: $940,000 (Mar '26) | YoY: −7.8%
| Month | Median Price | MoM Change |
|---|---|---|
| Mar 2025 | $1,020,000 | Peak |
| Apr–Jun 2025 | ~$1,008K–$1,019K | Declining |
| Jul 2025 | $925,000 | −8.3% |
| Aug 2025 | $951,000 | +2.8% |
| Sep 2025 | $902,500 | −5.1% |
| Oct 2025 | $925,000 | +2.5% |
| Nov 2025 | $898,000 | −2.9% |
| Dec 2025 | $870,000 | −3.1% |
| Jan 2026 | $861,500 | −1.0% |
| Feb 2026 | $895,000 | +3.9% |
| Mar 2026 ✦ | $940,000 | +5.0% |
✦ TRREB MLS® sourced. Prior months estimated from York Region trend data.
Newmarket Home Prices by Property Type — Detached, Condo & Townhouse
Detached homes account for the majority of Newmarket's resale activity. Semi-detached and townhomes provide mid-range entry points, while condo apartments offer the lowest entry and longest days on market. For investors analyzing cash flow by property type, see the real estate investor guide and the investment deal analyzer.
Month-over-Month Comparison — February vs. March 2026
| Property Type | Feb '26 Avg | Mar '26 Avg | Avg MoM | Feb Median | Mar Median | Med MoM | Feb Sales | Mar Sales | Mar DOM (avg) |
|---|---|---|---|---|---|---|---|---|---|
| Detached | $1,148,047 | $1,112,126 | ▼ −3.1% | $1,070,000 | $1,100,000 | ▲ +2.8% | 30 | 40 | 28 |
| Semi-Detached | $668,667 | $823,913 | ▲ +23.2% | $676,000 | $854,000 | ▲ +26.3% | 3 | 8 | 39 |
| Att. Row Townhouse | $801,250 | $879,042 | ▲ +9.7% | $817,500 | $843,625 | ▲ +3.2% | 4 | 6 | 19 |
| Condo Apartment | $505,125 | $563,000 | ▲ +11.5% | $490,250 | $494,000 | ▲ +0.8% | 4 | 7 | 62 |
| Condo Townhouse | $778,875 | $668,688 | ▼ −14.1% | $646,500 | $702,375 | ▲ +8.7% | 4 | 4 | 33 |
Sales Distribution by Price Range — March 2026
The $1,000,000–$1,249,999 band captured the most sales (20 transactions — nearly one-third of all activity), confirming detached demand is concentrated at the $1M threshold. A meaningful number of sales (15) occurred below $800K, showing the condo and townhome segments remain active entry points.
| Price Range | Sales (Mar '26) | % of Total | Note |
|---|---|---|---|
| $400,000 – $499,999 | 6 | 9.2% | Condo apartment concentration |
| $600,000 – $699,999 | 4 | 6.2% | Condo townhouse / townhome |
| $700,000 – $799,999 | 5 | 7.7% | Entry townhome range |
| $800,000 – $899,999 | 14 | 21.5% | Largest volume band under $1M |
| $900,000 – $999,999 | 7 | 10.8% | Sub-$1M detached / semi |
| $1,000,000 – $1,249,999 | 20 | 30.8% | Highest activity — detached dominant |
| $1,250,000 – $1,499,999 | 7 | 10.8% | Upper detached / executive |
| $1,500,000+ | ~2 | ~3% | Luxury / estate segment |
Current Active Inventory Snapshot
281 active listings with a median list price of $999,000 — meaning roughly half the active market is listed at or below $1M. The concentration in the $1,250,000–$1,499,999 band (49 listings) reflects elevated executive supply that has yet to be absorbed. Average asking DOM of 38 days signals that many active listings have been sitting since before March.
Is Now a Good Time to Upgrade in Newmarket?
The price spread between townhomes and detached homes in Newmarket remains historically compressed. Review the full buyer's guide for York Region before making your move vs. 2022 peak levels. If you own a townhome or condo, the net cost to upgrade is lower than it's been in years — and you're buying into a market where sellers are accepting conditions.
| Upgrade Path | Selling Price (Est.) | Buying Price (Est.) | Price Spread | Market Condition |
|---|---|---|---|---|
| Att. Townhouse → Detached | ~$844K (med) | ~$1,100,000 (med) | $256,000 | Buyer's |
| Condo Apt → Townhouse | ~$494K (med) | ~$844,000 (med) | $350,000 | Buyer's |
| Condo Apt → Semi-Detached | ~$494K (med) | ~$854,000 (med) | $360,000 | Buyer's |
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 →
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 market pace. For adjacent market context, see Bradford West Gwillimbury and East Gwillimbury. Comparing to nearby Aurora neighbourhoods can help calibrate expectations on pricing and pace. The data below reflects resale activity for March 2026. Community-level breakdowns use TRREB neighbourhood classifications.
Supply Pressure by Community — March 2026
| Community | Sales | New Listings | SNLR | Median Price | Avg DOM | SP/LP | Condition |
|---|---|---|---|---|---|---|---|
| Armitage | 4 | 10 | 40% | $1,202,000 | 16 | 98% | Balanced |
| Bristol-London | 6 | 17 | 35% | $880,000 | 22 | 97% | Buyer-Leaning |
| Central Newmarket | 12 | 32 | 38% | $721,500 | 51 | 97% | Buyer-Leaning |
| Glenway Estates | 5 | 24 | 21% | $1,100,000 | 17 | 96% | Buyer-Leaning |
| Gorham-College Manor | 6 | 21 | 29% | $1,012,125 | 25 | 97% | Buyer-Leaning |
| Huron Heights–Leslie Valley | 8 | 21 | 38% | $935,000 | 41 | 99% | Buyer-Leaning |
| Stonehaven–Wyndham | 8 | 31 | 26% | $1,134,500 | 38 | 98% | Buyer-Leaning |
| Summerhill Estates | 8 | 33 | 24% | $977,500 | 35 | 97% | Buyer-Leaning |
| Woodland Hill | 8 | 23 | 35% | $1,175,000 | 22 | 97% | Buyer-Leaning |
SNLR = sales ÷ new listings. Above 60% = seller-leaning; 40–60% = balanced; below 40% = buyer-leaning. Data window: March 1–31, 2026. Source: TRREB MLS®.
Community-level data uses median (not average) to reduce sensitivity to outliers. All figures sourced from TRREB MLS® data for March 2026. Subject to revision.
Buying or Selling in Newmarket? March 2026 Strategy Guide
The window is shifting.
Buyers still have leverage — but less than they did 60 days ago. Sellers are seeing more activity — but pricing still determines outcomes.
Execution matters more than timing right now. Talk to Matthew directly →
Newmarket Investment & Rental Market Outlook — 2026
💼 For Investors
Newmarket's rental market remains underpinned by GO Train commuters, Southlake Regional Health Centre staff, and York Region relocation demand. Townhomes in the $850K–$880K range have been achieving gross rents in the $2,800–$3,100/month range depending on finish and proximity to GO. Gross cap rates remain compressed at approximately 3.8–4.3% — below historical norms, but the long-term demand case supports patient, buy-and-hold positioning. The March volume improvement is a constructive signal for investors considering entry timing. See the full Newmarket rental market report for rent trends, or run your numbers with the investment deal analyzer.
🏠 For Renters
Newmarket's rental supply has increased meaningfully since 2024, giving renters more negotiating room on lease terms and move-in incentives than in prior years. Average asking rents for a 2-bedroom unit in Newmarket are in the $2,400–$2,700/month range as of early 2026. Proximity to Newmarket GO Station and Davis Drive VIVA rapid transit are consistent rent premiums worth accounting for in your search. The improving sales market may begin to reduce rental supply as investor activity picks up — renters who find quality units at fair rents should consider locking in longer lease terms.
🏢 For Landlords
Vacancy rates have edged up modestly as new supply came online through 2024-2025. Pricing to market and ensuring units are well-maintained is increasingly important to minimize vacancy between tenancies. With the sales market showing spring improvement, some investor-held units may convert back to sale — which could modestly reduce rental supply and support rents in H2 2026. The Newmarket rental market remains fundamentally healthy but the days of automatic over-asking rent offers have passed for most unit types.
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 April & May 2026
March was the strongest month since November 2024 — but one month doesn't make a trend. Here's the test:
If sales hold above 60+ in April and May AND months of inventory continues trending toward 4.0, the probability of a sustained bottom increases significantly. This would confirm March as a structural shift — not a seasonal bounce.
If volume drops back below 50 sales in April or MOI stalls above 4.5, March will be remembered as a seasonal bounce — not a structural shift. Buyer leverage would remain intact and the correction would continue.
This is what separates informed decisions from guesswork. For the complete picture, bookmark the Newmarket real estate market 2026 report — updated monthly with TRREB MLS® data. Get the April update the moment it's published.
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 only. Source: TRREB MLS® System, Newmarket area filter, reporting month of March 2026. Excludes new construction, assignment sales, and private sales.
Key Definitions
SNLR: Sales divided by new listings in the period. MOI: Active listings divided by monthly sales rate. DOM: Days from list date to firm sale. SP/LP: Sale price as a percentage of list price.
Limitations
Segment-level figures (e.g. by property type or neighbourhood) are based on smaller sample sizes and can swing with mix changes. Month-over-month comparisons should be interpreted with caution given seasonal volume patterns. All data is subject to TRREB revision.
Editorial Notes
Community pricing estimates, neighbourhood descriptions, commute times, and rental ranges are editorial estimates based on available market information. They are not appraisals and should not be relied upon as valuations. Commute times reflect typical off-peak conditions.
The data presented in this report is sourced from the TRREB MLS® System and reflects resale transactions recorded in March 2026 in Newmarket, Ontario. All metrics are for informational purposes only and do not constitute financial 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. Data is derived from TRREB MLS® dashboard screenshots provided for March 2026. All figures are subject to TRREB revision.
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