Markham 16Th, Markham - July 2026 Real Estate Report

Markham 16th Is Holding Its Ground - Here Is What Your Home Is Actually Worth Right Now

If you live in Markham 16th and you have not checked your HonestDoor Price lately, you are probably working off a number that is already out of date. Here is the real picture, straight up.

The Vibe: Houses vs. Condos in Markham 16th

We are seeing two different stories play out on the same streets right now, and which one applies to you depends on what you own.

Houses: The one house that sold this past period went for $1,056,000 - and it sold at 105.61% of the asking price. That means the buyer paid above list. The average listing was priced at $999,900, and it was gone in 10 days. That is not a slow market. That is a sellers' market doing exactly what a sellers' market is supposed to do. The predicted market value for houses sits at $1,330,705, which is creeping up from the 3-month moving average of $1,327,583. Values are up 2.17% recently, and on the neighbourhood growth leaderboard, houses here rank 6 out of 14 in Markham - solidly above average. Days-on-market rank is 1 out of 7, meaning we are the fastest-selling pocket in the comparison set.

Condos: This is where things get interesting for us condo owners. The HonestDoor Price for condos is sitting at $664,070, down 2.00% from the previous period. But here is the flip side - the predicted market value is $677,588, which is actually climbing past the 3-month moving average of $667,803. Values are up 2.28% recently. On the growth leaderboard, Markham 16th condos rank 1 out of 14 in Markham. That is the top spot. Compared to nearby neighbourhoods, we are ahead of Markham Village ($562,763 predicted) and Stouffville ($648,873 predicted). The short-term dip in the HonestDoor Price and the top-ranked growth are telling two sides of the same story - this segment is correcting slightly but the underlying momentum is strong.

• House average HonestDoor Price: $1,318,807 (down 0.89%)
• House predicted market value: $1,330,705
• House sale price: $1,056,000 - sold at 105.61% of list
• House days on market: 10 days average
• House price per square foot: $619
• House rental estimate: $5,049 per month
• House rental yield: 4.26%
• House growth rank: 6 out of 14 in Markham
• Condo average HonestDoor Price: $664,070 (down 2.00%)
• Condo predicted market value: $677,588
• Condo rental estimate: $3,112 per month
• Condo rental yield: 3.50%
• Condo growth rank: 1 out of 14 in Markham - top of the leaderboard

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for a Tax Assessment

Here is the thing about your city assessment - it is a snapshot from the past. By the time it lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. Right now, the gap between the static government assessment and what your home would actually fetch matters more than ever, because prices are shifting month to month, not year to year.

For house owners in Markham 16th, the HonestDoor Price of $1,318,807 is your real-world check. It is not what the city thinks your home was worth two years ago. It is what the data says it is worth today. With properties selling above asking in 10 days, that number is not theoretical - it is close to what a motivated buyer would put on the table right now.

For condo owners, the HonestDoor Price shows a 2.00% dip, but the predicted value is trending up. Knowing that distinction - between a recent dip and a longer growth trend - is exactly the kind of nuance a tax assessment will never give you.

The So What - Should You Sell in Markham 16th This Summer?

If you own a house here and you are thinking about listing, the data is giving you a green light. Buyers are paying over asking. Properties are moving in under two weeks. Inventory is tight. That combination is about as good as it gets for a seller. Pricing around the $999,900 to $1,056,000 range appears to be the sweet spot that gets buyers competing.

If you own a condo, the story is a bit more nuanced but still encouraging. Yes, the HonestDoor Price dipped 2.00%. But you are sitting in the number one growth neighbourhood for condos in all of Markham right now. That ranking matters to buyers who are doing their homework. A well-priced condo here, with a $677,588 predicted value and $3,160 in monthly rental potential, is still a compelling listing - especially compared to what buyers would pay in Markham Village or Stouffville.

Bottom line - if summer is your window, Markham 16th is not a neighbourhood that is taking a breather. It is one that is quietly outperforming. Check your HonestDoor Price, know your real number, and make your move from a position of information rather than guesswork.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.