According to the most recent Markham MLS® data, the average property price is $1,540,654, with 310 new listings in the previous 28 days. As of today, the statistics indicate the median days on the market for a house in Markham is 15 days.
1. Listings on the Market:
In Markham, there are currently 300 homes listed on the market, offering diverse options for individuals and families seeking their ideal residential properties.
Townhomes have carved a niche in the market, with 115 listings available, catering to those who desire a convenient and cosy living style.
For those looking for compact and low-maintenance living in Markham, there are 166 condo listings in the city.
2. Average Listing Price in the Last Month:
The average listing price for homes in the last month months stands at $1.9 million, showcasing the city’s appeal and its range of upscale residential offerings.
Townhomes, known for their comfort and convenience, feature an average listing price of $1.1 million over the same period.
Condos, offering an affordable living option, present an average listing price of $748.1K.
3. Change in Average Listing Price:
The Markham Real Estate market has seen a significant 7.95% increase in the average listing price for homes over the last month, reflecting strong demand and investment potential.
Townhomes show a modest 0.95% increase in the average listing price, indicating market stability.
Condo prices have increased by 1.38% over the last month, suggesting demand for this housing type.
4. Average SOLD Price in the Last Month:
In the last month, homes in Markham have sold at an average price of $1.8 million, indicating a stable real estate market.
Townhomes have seen a remarkable 4.24% increase in their average sold price, with an average of $1.2 million over the same period.
Condos have sold at an average price of $771.2K during the last month, reflecting a notable 7.2% increase.
5. Change in Average SOLD Price:
The change in the average sold price for homes is a modest 1.31% increase, indicating a steady and consistent market.
The townhome market showcases strong growth with a 4.24% increase in the average sold price.
The condo market has grown substantially, with a 7.2% increase in the average sold price, making it an attractive option.
Inventory & SOLD Statistics:
The Markham real estate market for houses has been busy in the previous 30 days, with 608 new listings and 301 properties sold. The average number of days a home was on the market was 14, indicating an efficient and competitive market.
In the previous 30 days, the townhome market had 266 new listings and 137 sales. Townhomes spent 14 days on the market on average, and the selling-to-listing price ratio was 102.95%, demonstrating efficiency and competition.
With 307 new listings and 120 units sold in the previous 30 days, the condo market has been active, providing a variety of alternatives. Condos spent an average of 17 days on the market, with a selling-to-listing price ratio of 101.22%.
