What is the Markham real estate market doing right now?In August 2026, Markham homes sold for an average of about $1.2 million. Sales rose 17.5% from last year, listings fell 10.7%, and inventory sat at 4.1 months. That is a balanced market, with detached homes and townhomes tighter than condos.
If you only read GTA headlines, you might think every city is slowing down. Markham's August numbers tell a different story. Across the Greater Toronto Area, home sales slipped 2.1% compared with last year. In Markham, sales climbed 17.5% while the number of homes for sale dropped.
Michael John Lau and the Kaizen Real Estate Team, one of the most active teams working in Markham, track these numbers every month. The goal is simple: help Markham homeowners and buyers make decisions based on what is happening on their own streets, not on national headlines.
Here is what the August 2026 data says, and what it means for you this fall.
Markham real estate at a glance: August 2026
| Measure | August 2026 | Change from August 2025 |
|---|---|---|
| Average sold price (all home types) | About $1.2 million | Not reported |
| Homes sold | 282 | Up 17.5% |
| Active listings | 1,091 | Down 10.7% |
| Months of inventory | 4.1 | Balanced market |
| Sold price compared with asking price | 98.0% | Close to list |
Source: TRREB MLS® data for the City of Markham, August 2026. Figures are rounded.
Two numbers matter most here. First, more homes sold while fewer homes were listed. That usually means buyers are active and choice is shrinking. Second, homes sold for about 98% of asking price on average. When a home is priced in line with recent sales, buyers are paying close to list.
Markham home prices by type
The average price blends condos and detached homes together, so it can hide what is really happening. This table breaks the Markham market down by home type.
| Home type | Average sold price | Sold | For sale | Months of inventory | What it means |
|---|---|---|---|---|---|
| Detached | $1.61M | 137 | 449 | 3.3 | Balanced, leaning toward sellers for well-priced homes |
| Semi-detached | $958K | 15 | 47 | 3.1 | Small supply, steady demand |
| Condo townhouse | $813K | 28 | 82 | 2.9 | Tightest part of the market |
| Condo apartment | $638K | 57 | 356 | 6.2 | Buyers have the most choice |
Source: TRREB MLS® data for Markham, August 2026, as published by TrueCondos. Months of inventory = active listings divided by monthly sales.
How to read months of inventory
Months of inventory tells you how long it would take to sell every home on the market if no new listings came up. Many REALTORS® use a simple guide: under about 4 months tends to favour sellers, and over about 6 months tends to favour buyers. Anything in between is balanced.
By that guide, Markham townhomes, semis and detached homes are on the tighter side. Condo apartments, at 6.2 months, give buyers room to negotiate.
How Markham compares with the rest of the GTA
According to the TRREB Market Watch for August 2026, the GTA recorded 5,057 home sales, down 2.1% from last year. New listings fell 14.1%. The GTA benchmark price was down 4.5% year over year, and the average selling price was $993,410, down 2.7%.
TRREB also noted that fewer listings and more competition between buyers could lead to renewed price growth in the months ahead. Markham is already showing early signs of that shift. Sales here grew while the wider region dipped, and the Markham average sits roughly $200,000 above the GTA average.
What this means if you are selling in Markham
- Price is still the biggest lever. Buyers are paying close to asking when the price matches recent sales. Homes priced above the evidence tend to sit, and a stale listing often sells for less. Read what lowers home value in Markham before you set a number.
- Less competition this fall. With active listings down 10.7%, a well-prepared home has fewer rivals for buyer attention.
- Condo sellers need a sharper plan. At 6.2 months of inventory, presentation and pricing matter more for condo apartments than for any other home type in Markham.
Every street is different. A detached home in Unionville and a townhouse in Cornell can be in very different markets in the same month. A free home valuation shows where your home fits today.
Thinking about selling this fall?
Michael John Lau prepares a clear, data-based price range for your home, using sales on your street and in your neighbourhood. No pressure, just a plan.
Get my home valuationHow we sell homes in MarkhamPrefer to talk? Call the Kaizen Real Estate Team at (647) 370-8885.
What this means if you are buying in Markham
- Condo buyers have room to negotiate. With 356 condo apartments for sale and 57 sold, you can take time to compare buildings and terms.
- Detached and townhouse buyers should be ready. Supply is tighter, so the right home may not wait. Have your pre-approval in place and know recent sales before you view.
- Watch interest rates. The Bank of Canada policy rate is 2.25%, and the next rate decision is October 28, 2026. A rate hold from your lender can protect you while you search.
You can search every Markham home for sale, or compare communities in the Markham neighbourhood guide for families.
What to watch in October
Three things will shape the Markham market over the next month: the Bank of Canada decision on October 28, how many new listings arrive in the fall season, and whether condo inventory starts to come down. The Kaizen Real Estate Team will report on all three in next month's update.
Frequently asked questions
Is Markham a buyer's or seller's market right now?
Markham is a balanced market overall, with 4.1 months of inventory in August 2026. Townhomes, semis and detached homes lean toward sellers, while condo apartments, at 6.2 months, give buyers more choice.
What is the average home price in Markham?
The average sold price for all home types in Markham was about $1.2 million in August 2026. Detached homes averaged about $1.61 million, condo townhouses $813,000 and condo apartments $638,000, based on TRREB MLS® data.
Is now a good time to sell a house in Markham?
It depends on your plans, but conditions this fall are helpful for many sellers. Active listings are down 10.7% from last year and sales are up 17.5%, so a well-priced home faces less competition. A home valuation is the best first step.
Michael John Lau and Neeraj Moolchandani are licensed REALTORS® with the Kaizen Real Estate Team, eXp Realty, Brokerage, 9763 Markham Rd, Markham, ON L6E 1A4. Licence #4784577. Market figures are approximate, drawn from TRREB MLS® data and other sources noted in the article, and can change. This article is general information only and is not financial, legal or tax advice. Not intended to solicit buyers or sellers currently under contract with another brokerage.
