Markham 16Th, Markham - September 2026 Real Estate Report

Markham 16th: Your House Is Probably Worth More Than the City Thinks

If you own a home in Markham 16th and you haven't checked your HonestDoor Price lately, now is the time. The gap between what the city assessed your property at and what it's actually worth in today's market can be significant - and that gap affects everything from how you negotiate to how you plan your next move.

The Vibe Right Now

Here's the honest read on what's happening in our neighbourhood, broken down by property type.

Houses: Sellers Still Have the Upper Hand

If you've been watching the "For Sale" signs in Markham 16th, here's what's actually happening. Houses are selling fast - and above asking.

• Average sale price: $1,056,000
• Average list price this month: $999,900
• Homes are selling at 105.61% of list price - buyers are paying over asking
• Average days on market: 10 days
• Price per square foot: $619

Ten days on market. That's not a slow burn - that's a sprint. Our days-on-market rank is 1 out of 7 compared to similar Markham neighbourhoods, meaning houses here move faster than almost anywhere else in the city. When buyers are consistently paying above list price, that tells us demand is real and competition is alive.

The HonestDoor predicted value for houses sits at $1,352,399, which is trending up from the 3-month moving average of $1,333,996. Property values have moved 2.54% recently, and we rank 6 out of 14 neighbourhoods for growth - solidly above average. On affordability, we rank 8 out of 9, meaning we're among the more accessible options in Markham. That combination - relatively affordable entry point, fast sales, above-ask offers - is a strong signal for sellers.

Rental potential is also worth noting. Estimated rent comes in at $5,135 per month with a rental yield of 4.24%. That's a reasonable return if you're thinking about holding rather than selling.

Condos: Taking a Breather

The condo picture is a bit different, and we should be straight about it. The HonestDoor Price for condos is $672,257, up 5.28% from the previous period - which sounds great. But the predicted market value has slipped to $638,560, down from a 3-month moving average of $660,372. Recent value change is -3.91%, and our condo growth rank is 12 out of 14 in Markham. That puts us near the bottom of the leaderboard right now.

• HonestDoor Price (condos): $672,257 - up 5.28% from previous period
• Predicted market value: $638,560
• 3-month moving average: $660,372 (values are dipping below this)
• Recent value change: -3.91%
• Growth rank: 12 out of 14 Markham neighbourhoods
• Estimated rent: $3,027 per month
• Rental yield: 3.57%

For context, nearby Stouffville condos are sitting at $637,912 and Markham Village at $541,208 - so we're still priced above both. But the downward trend in predicted value is something condo owners here need to watch closely. This isn't a crisis, but it's not the moment to assume your unit is worth more than it was six months ago.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what sold on your street last month. It doesn't factor in that buyers are paying 105% of list price for houses in Markham 16th right now. It's a static number doing a poor job of describing a moving market.

The HonestDoor Price is updated in real time using actual sales data, current listings, and neighbourhood trends. For houses here, that number is $1,317,138 - and for condos, it's $672,257. These are the numbers that reflect what a real buyer would actually pay today, not what a government formula calculated from older data.

If you're making any financial decision tied to your home - refinancing, selling, buying out a partner, or just figuring out your net worth - use the HonestDoor Price as your real-world check. It's the difference between planning with accurate information and guessing.

So What Does This Mean If You're Thinking About Selling This Summer?

For house owners in Markham 16th, the setup is genuinely good right now. Buyers are active, offers are coming in above asking, and homes are clearing in under two weeks. If you've been sitting on the fence about listing this summer, the data says the conditions are working in your favour. Pricing near $999,900 and letting competition push the final number above $1,000,000 is a strategy that's clearly working in this neighbourhood.

For condo owners, the honest advice is to move with more caution. The predicted value is sliding below the 3-month average, and our growth rank near the bottom of the Markham leaderboard suggests this segment is cooling. That doesn't mean you can't sell - it means pricing needs to be sharp and realistic. Check your HonestDoor Price, compare it against nearby Stouffville and Markham Village, and make sure your expectations match where the market actually is today.

Bottom line: Markham 16th is a strong market for houses and a more careful one for condos. Know which side of that line you're on before you make your move.

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.