Markham 16Th, Markham - October 2026 Real Estate Report
Markham 16th: Your House Is Selling Fast, But Watch the Condo Numbers Closely
If you own property on the 16th in Markham, here is the honest picture right now. The house market is moving quick and buyers are paying over asking. The condo side is a different story - values dipped recently but the momentum is quietly turning around. Let us break it all down.
The Vibe: Houses vs. Condos in Markham 16th
For houses, the headline is speed. The one property that sold this past period went in 10 days and closed at 105.61% of list price. That means the buyer paid above what the seller was asking. In plain terms - if you list your house here, you are not sitting on it and you are not leaving money on the table. The average sale price came in at $1,056,000, with listings averaging $999,900. Price per square foot sits at $619.
That said, we should be straight with you. House values have slipped 2.61% recently, and the predicted market value of $1,317,138 is running below the 3-month moving average of $1,329,461. On the neighbourhood leaderboard, houses in Markham 16th rank 13 out of 14 for growth in Markham. That is a bottom-of-the-pack number. The silver lining? We rank 1 out of 7 for days on market. Properties here sell faster than almost anywhere else in the city. Buyers want in - they are just not paying peak prices right now.
For condos, the story is more interesting than the headlines suggest. Yes, the average HonestDoor Price dropped 1.51% to $662,115. But the predicted market value of $672,257 is actually climbing above the 3-month moving average of $658,444. Recent growth sits at 5.28%, and on the neighbourhood leaderboard, Markham 16th condos rank 1 out of 14 for growth across all of Markham. That is the top spot. Momentum is building here, and most people have not noticed yet.
- House average HonestDoor Price: $1,345,530 (up 2.16%)
- House average sale price: $1,056,000
- Houses sold at 105.61% of list price
- Average days on market for houses: 10
- House growth rank: 13 out of 14 in Markham
- House days-on-market rank: 1 out of 7 in Markham (fastest)
- Condo average HonestDoor Price: $662,115 (down 1.51%)
- Condo predicted market value: $672,257 (trending up)
- Condo recent growth: 5.28%
- Condo growth rank: 1 out of 14 in Markham (top of the leaderboard)
The Secret Sauce: Why You Should Check Your HonestDoor Price Right Now
Here is the thing about your city tax assessment - it is a snapshot from the past. It does not know what happened to prices last quarter, and it definitely does not reflect what a buyer would pay for your home today. The HonestDoor Price is updated in real time using actual market data. For houses in Markham 16th, that number is $1,345,530. For condos, it is $662,115.
Why does this matter? Because if you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - using a stale government assessment could cost you. The HonestDoor Price is the real-world check. It tells you what the market thinks your property is worth right now, not two years ago.
For condo owners especially, this is worth a close look. Your HonestDoor Price may actually be higher than you expect given that recent growth is outpacing most of Markham.
The So What: Should You Sell This Summer?
If you own a house in Markham 16th and have been thinking about listing, the conditions are working in your favour right now - even if values have softened slightly. Buyers are active, competition is real, and the 10-day average days on market tells you demand is not going anywhere. You are not going to sit on a listing here. The risk is waiting too long if that 2.61% dip continues.
For condo owners, patience might actually pay off. You are sitting in the number one growth neighbourhood for condos in all of Markham right now. That is not a small thing. If you can hold a few more months, the trajectory suggests values are heading up. If you need to move now, you are still in a stronger position than most of your neighbours across the city.
Either way, pull your HonestDoor Price before you make any move. It takes 30 seconds and it gives you a number that is actually tied to today's market - not last year's assessment cycle.
markham 16th | markham | october 2026This 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.