Markham Village, Markham - September 2026 Real Estate Report

Markham Village Real Talk: Houses Are Holding Strong, But Condos Are Sending Mixed Signals

The Vibe Right Now

If you've been watching the "For Sale" signs in Markham Village, here's what's actually happening. The story splits cleanly in two depending on what you own - and the difference matters a lot heading into summer.

Houses: Steady, Fast, and Still Commanding Real Money

The house market here is not panicking. Not even close. The average sale price sits at $1,650,000, and homes are moving in an average of just 10 days. That's not a typo. Ten days. That earns Markham Village a days-on-market rank of 1 out of 7 comparable neighbourhoods in Markham - meaning we are the fastest-selling area in the city for houses right now.

• Average sale price: $1,650,000
• Average list price this month: $1,698,000
• Price per square foot: $771
• Sale-to-list ratio: 97.17% - buyers are paying just under asking
• Average days on market: 10
• Growth rank: 5 out of 14 neighbourhoods - above average in Markham
• Price rank: 4 out of 9 - above average in Markham

Yes, buyers are landing slightly below list price at 97.17%. That tells us we're in a stable buyers' market - not a frenzy, but not a fire sale either. Think of it as a market that's taking a breather while still rewarding well-priced homes. The predicted market value for houses is $1,402,485, and that number is trending upward against the 3-month moving average of $1,374,192. Momentum is pointing in the right direction.

For landlords or anyone thinking about the income angle - estimated rent comes in at $5,285 per month with a rental yield of 4.18%. That's a reasonable return in this price range.

Condos: A Honest Look at a Softer Picture

We have to be straight with you here. The condo side of Markham Village is the one to watch carefully. The HonestDoor Price for condos is averaging $567,166, which is actually up 4.80% from the previous period - that sounds good on the surface. But dig one layer deeper and the predicted market value sits at $541,208, which is trending down from the 3-month moving average of $557,077. Recent property value change is -4.59%.

• Average HonestDoor Price: $567,166 (up 4.80% from previous period)
• Predicted market value: $541,208
• 3-month moving average: $557,077 - and the trend is downward
• Recent value change: -4.59%
• Estimated rent: $2,757 per month
• Rental yield: 3.77%
• Growth rank: 14 out of 14 - bottom of the Markham leaderboard right now

That growth rank of 14 out of 14 is the number that should get a condo owner's attention. Every comparable neighbourhood in Markham is outperforming Markham Village condos on growth right now. Nearby Cornell is predicted at $599,705 and Markham Central East at $633,721 - both sitting higher than us. This is not a reason to panic, but it is a reason to pay close attention to your actual current value rather than assuming things are fine.

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

Here's the thing about your city assessment - it's a snapshot from the past. It does not update in real time, and it does not know what happened on your street last month. The HonestDoor Price is a live, real-world check on what your home is actually worth today. Not two years ago. Today.

For house owners in Markham Village, the HonestDoor Price of $1,374,638 gives you a current baseline that reflects actual market movement - including that recent 3.38% value change. For condo owners, it's even more critical right now. If your tax assessment is sitting at a number that feels comfortable, the HonestDoor data is telling a different story. Knowing the real number protects you from making decisions - whether that's selling, refinancing, or just planning - based on stale information.

Think of it this way: your assessment is a government form. The HonestDoor Price is what a buyer would actually write on a cheque.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Markham Village and you're thinking about listing this summer, the timing is genuinely decent. Homes are selling in 10 days, the market is stable, and you're sitting in an above-average price and growth position compared to the rest of Markham. The key is pricing sharp. That 97.17% sale-to-list ratio tells us buyers are negotiating - so coming in too high will cost you time and momentum. Price it right from day one and this market will reward you.

If you own a condo, the honest advice is this: do not assume the market will carry you. With a growth rank of 14 out of 14 and a predicted value trending below the 3-month average, sitting and waiting may not work in your favour. If selling is on your radar, getting ahead of further softening is worth a serious conversation now rather than in the fall.

Either way - house or condo - pull your HonestDoor Price before you do anything else. It takes two minutes and it gives you the real number, not the number the city printed on a form last year.

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.