Markham, a bustling city in Ontario, Canada, is not only known for its diverse community and thriving business sector but also for its dynamic real estate market. Current Markham MLS® stats indicate an average house price of $1.8 Million and 300 new listings in the last 28 days. As of today, Markham housing data shows median days on the market for a home is 15 days.
1. Listings on the Market
The Markham real estate market offers a wide range of housing options, including homes, townhomes, and condos.
Markham currently boasts 300 homes listed on the market, attracting both buyers and sellers. This signifies a vibrant real estate environment where opportunities abound.
For those interested in townhomes, Markham currently offers 115 listings, providing diverse choices for potential buyers.
Those considering condos have 166 options to explore in Markham, catering to a variety of preferences. Condos are a popular choice for individuals seeking convenience and a vibrant urban lifestyle.
2. Avg Listings Price Last 3 months
The average listing price for homes in the last three months stands at a noteworthy $1.9 million, reflecting the premium nature of this housing category. The demand for homes in Markham is driven by factors such as excellent schools, community amenities, and access to major employment centres.
Townhomes offer an attractive option with an average listing price of $1.2 million over the same period.
Condos provide affordability with an average listing price of $748.1 thousand in the past three months.
3. Change in Average Listing Price
Over the past three months, there has been a 7.95% increase in the average listing price for homes, indicating the growing value of properties in Markham.
Townhomes have experienced a 0.95% increase in the average listing price, making them an attractive option for potential buyers.
Condos have witnessed a 1.38% increase in the average listing price, offering excellent value to buyers.
4. Avg SOLD Price Last 3 months
Homes in Markham have seen an average selling price of $1.8 million in the last three months. This robust figure reflects the desirability of Markham’s residential properties and the willingness of buyers to invest in the city’s real estate.
The average sold price for townhomes in the past three months is $1.2 million, demonstrating steady demand.
Condos have had an average sold price of $771.2 thousand in the past three months. The competitive pricing of condos makes them accessible to a wide range of buyers.
5. Change in Average SOLD Price
The change in the average sold price, reflecting a 1.31% increase, further highlights the robust nature of the housing market for homes. This steady appreciation in value bodes well for homeowners and sellers.
The townhomes market has witnessed a 4.24% increase in the average sold price, indicating a healthy appreciation in value.
The condo market has seen a substantial 7.2% increase in the average sold price, reflecting strong demand for this housing category.
Inventory & SOLD Statistics
In the last 60 days, the Markham real estate market has been active, with key statistics as follows:
There were 608 new home listings, with 301 homes sold in the same period. The average days on the market for homes is 14 days, and the selling-to-listing price ratio stands at an impressive 102.27%. This indicates a high level of buyer interest and competition in the home market.
Markham saw 266 new townhome listings and 137 townhomes sold in the last 60 days. The average days on the market for townhomes is 14 days, with a selling-to-listing price ratio of 102.95%. Townhomes offer a balanced market with strong demand and competitive pricing.
For condos, there were 307 new listings and 120 condos sold in the last 60 days. The average days on the market for condos is 17 days, and the selling-to-listing price ratio is 101.22%. The condo market remains active, with properties selling at a competitive ratio.
