February 2026 Newmarket Market Snapshot
Newmarket's resale market remained soft in February 2026, with 46 transactions recorded — down 33.3% year-over-year from 69 sales in February 2025. The median sale price of $893,250 is down 18.4% year-over-year from $1,095,000 in February 2025. Buyers have significant negotiating leverage across all property types.
Key Takeaways — February 2026
- ▼Prices: Median $893,250 — down 18.4% YoY from $1,095,000 (Feb ’25)
- →Leverage: Buyer-leaning — SNLR 35%, 5.3 months of inventory, SP/LP at 97%
- ~Speed: Avg DOM 42 days, median DOM 25 days — elevated vs. 26 avg DOM in Feb ’25
- !Spring watch: March–May activity will confirm whether February's MoM improvement is a floor or a bounce
February Summary: Newmarket's market is firmly buyer-leaning with 5.3 months of inventory and an SNLR of 35%. February recorded 46 sales (up from 44 in January), with detached median prices improving month-over-month. A potential floor may be forming ahead of spring. Well-priced properties are still moving, and motivated sellers are accepting conditions.
Data based on TRREB MLS® reported February 2026 resale activity. Metrics may be revised; some property types or segments may not sum due to classification differences.
Newmarket Market Conditions — February 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 signalling buyer-leaning conditions as of February 2026.
SNLR < 40% (typically)
40%–60%
SNLR > 60%
What this means: With 5.3 months of inventory and an SNLR of 35%, buyers have the negotiating upper hand. Active listings sit at 253 with a median list price of $999,900 — meaning roughly half the market is listed under $1M. The 97% SP/LP ratio confirms sellers are accepting below-asking offers. A median DOM of 25 days means most buyers have time for home inspection and financing conditions — use them.
Newmarket Median Home Price — 13-Month Trend
Newmarket’s median sale price peaked at $1,095,000 in February 2025 and has trended lower through the year. The February 2026 median of $893,250 reflects an 18.4% year-over-year decline. Median is used here as it’s less distorted by one-off transactions at the top or bottom of the market. The MoM signal is modestly positive: median up $31,750 from January’s $861,500 (+3.7%).
Trend Note: The median bounced from $861,500 in January to $893,250 in February — a $31,750 MoM gain (+3.7%). January’s $861,500 is the lowest median in this 13-month window. The YoY picture is still one of significant correction (−18.4% from Feb ’25). If March and April show continued volume improvement, a floor may be forming in the $880K–$920K median range.
Newmarket Home Prices by Property Type — February 2026
Detached homes account for the majority of Newmarket's resale activity but have seen the steepest price declines. Condominiums offer the lowest entry point and are showing the most price stability, while townhomes remain the sweet spot for affordability and resale liquidity.
Month-over-Month Comparison — January vs. February 2026
Month-over-month data reveals short-term momentum shifts that aren’t visible in year-over-year comparisons alone. Note: semi-detached and condo townhouse volumes are low — interpret MoM % with caution.
| Property Type | Jan ’26 Avg | Feb ’26 Avg | Avg MoM | Jan Median | Feb Median | Med MoM | Jan Sales | Feb Sales | Feb DOM (avg) |
|---|---|---|---|---|---|---|---|---|---|
| Detached | $1,029,552 | $1,135,914 | ▲ +10.3% | $1,032,000 | $1,060,000 | ▲ +2.7% | 27 | 29 | 34 |
| Semi-Detached | $736,667 | $668,667 | ▼ −9.2% | $742,000 | $676,000 | ▼ −8.9% | 6 | 3 | 18 |
| Att. Row Townhouse | $849,000 | $801,250 | ▼ −5.6% | $810,000 | $817,500 | ▲ +0.9% | 5 | 4 | 29 |
| Condo Apartment | $500,000 | $505,125 | ▲ +1.0% | $460,000 | $490,250 | ▲ +6.6% | 3 | 4 | 68 |
| Condo Townhouse | — (no data) | $778,875 | n/a | — | $646,500 | n/a | — | 4 | 53 |
MoM Takeaway: The standout in February is detached — average up 10.3% month-over-month and median up 2.7%, with DOM dropping from 43 to 34 days. This is one month of data on a segment with moderate volume (29 sales), so treat it as a signal, not a trend. Condo apartments also showed modest improvement. Semi-detached weakened but on only 3 sales. Condo townhouses entered the data for the first time this year with 4 sales at varying price points. March will be the first real read on whether February’s detached strength holds.
Is Now a Good Time to Upgrade in Newmarket?
The price spread between townhomes and detached homes in Newmarket has compressed significantly since 2022. If you own a townhome, your upgrade now costs less than it did at peak — and you're buying into a softer detached market with room to negotiate.
| Upgrade Path | Selling Price (Est.) | Buying Price (Est.) | Price Spread | Spread vs. 2022 Peak | Market Condition |
|---|---|---|---|---|---|
| Att. Townhouse → Detached | ~$818,000 (med) | ~$1,060,000 (med) | $242,000 | ▼ vs. peak spread | Buyer's |
| Condo Apt → Townhouse | ~$490,000 (med) | ~$818,000 (med) | $328,000 | ▼ vs. peak spread | Buyer's |
| Condo Apt → Semi-Detached | ~$490,000 (med) | ~$676,000 (med) | $186,000 | ▼ vs. peak spread | Buyer's |
Ready to run the numbers? A free home valuation gives you your current equity position in about 20 minutes — the essential first step before making any move-up decision.
Get a Free ValuationNewmarket Communities — Where to Buy in 2026
Each Newmarket neighbourhood has its own price point, property mix, and market pace. The data below reflects resale activity for February 2026 (or the last 90 days where monthly volume is too low for reliable medians). Use the anchored URLs for QR code campaigns — each community has its own direct link.
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Get Sold Alerts →| Community | New Listings (Feb) | Sales (Feb) | SNLR | Condition |
|---|---|---|---|---|
| Central Newmarket | 29 new listings | 11 | SNLR 38% | Balanced |
| Stonehaven–Wyndham | 22 new listings | 8 | SNLR 36% | Balanced |
| Gorham–College Manor | 13 new listings | 7 | SNLR 54% | Seller-Leaning |
| Huron Heights–Leslie Valley | 8 new listings | 6 | SNLR 75% | Seller-Leaning |
| Summerhill Estates | 17 new listings | 3 | SNLR 18% | Buyer-Leaning |
| Glenway Estates | 9 new listings | 2 | SNLR 22% | Buyer-Leaning |
| Woodland Hill | 23 new listings | 3 | SNLR 13% | Buyer-Leaning |
| Bristol–London | 11 new listings | 3 | SNLR 27% | Buyer-Leaning |
| Armitage | 1 new listing | 3 | SNLR 300% | ⚠ Low Supply |
SNLR = sales ÷ new listings. Above 60% = seller-leaning; 40–60% = balanced; below 40% = buyer-leaning. Armitage had only 1 new listing against 3 sales — interpret SNLR cautiously. Data window: Feb 1–28, 2026. Source: TRREB MLS®.
| Type | Median | MoM | Sales |
|---|---|---|---|
| Detached | $1,340,000 | +1.8% | 11 |
| Semi-Detached | not available by type | — | — |
| Townhome | — | n<5 | 0 |
| Condo | — | n<5 | 0 |
| Type | Median | MoM | Sales |
|---|---|---|---|
| Detached | $1,390,000 | +3.1% | 9 |
| Semi-Detached | 90-day: $992,000 | low vol. | 2 |
| Townhome | — | n<5 | 0 |
| Condo | — | n<5 | 0 |
| Type | Median | MoM | Sales |
|---|---|---|---|
| Detached | $1,195,000 | low vol. | 5 |
| Semi-Detached | — | n<5 | 1 |
| Townhome | — | n<5 | 0 |
| Condo | — | n<5 | 0 |
| Type | Data | Note |
|---|---|---|
| All types combined | Avg $1,065,500 | Med $1,065,500 | n=2 sales |
| Jan ’26 median | $1,032,000 | MoM +3.2%* |
| Feb ’25 median | $1,436,000 | YoY −25.8% |
| Type | Data | Note |
|---|---|---|
| All types combined | Avg $1,337,313 | Med $1,368,750 | n=8 sales |
| Jan ’26 median | $1,332,500 | MoM +2.7% |
| Feb ’25 median | $1,530,000 | YoY −10.5% |
| Type | Median | MoM | Sales |
|---|---|---|---|
| Townhome | $828,000 | -0.6% | 6 |
| Semi-Detached | $892,000 | flat | 3 |
| Detached | — | n<5 | 1 |
| Condo | — | n<5 | 0 |
Community-level data uses median (not average) to reduce sensitivity to outliers. MoM % not shown where monthly sales count is below 5 — a 90-day window is used for stability and labelled accordingly. All figures sourced from TRREB MLS® data for February 2026. Subject to revision.
What February 2026 Means for Newmarket Buyers & Sellers
For Investors: Newmarket's rental market remains active, driven by GO Train commuters, Southlake hospital staff, and York Region relocations. Townhomes in the $850K–$870K range have been achieving gross rents in the range of $2,800–$3,100/month depending on finish and proximity to GO — though individual results vary and buyers should conduct their own due diligence. Gross cap rates in this range are approximately 4–4.5%, which remains compressed relative to historical norms. The long-term demand fundamentals — population growth, transit investment, employment anchors — support the case for patient, buy-and-hold positioning.
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 premiums worth accounting for in your search.
For Landlords: Vacancy rates have edged up modestly as new supply comes online. Pricing to market and ensuring units are well-maintained is increasingly important to minimize vacancy between tenancies. The Newmarket rental market remains fundamentally healthy but the days of automatic over-asking rent offers have passed for most unit types.
Newmarket Housing Market — Common Questions Answered
What is the average home price in Newmarket in 2026?+
Is Newmarket a buyer's or seller's market right now?+
Will Newmarket home prices drop further in 2026?+
What are the best neighbourhoods in Newmarket?+
How far is Newmarket from Toronto?+
What schools are in Newmarket?+
Is now a good time to buy a home in Newmarket?+
How much do I need for a down payment on a Newmarket home?+
The data presented in this report is sourced from the TRREB MLS® System and reflects resale transactions recorded in February 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 February 2026. Neighbourhood-level data is as reported. All figures are subject to TRREB revision.
