Markham West, Richmond Hill - July 2026 Real Estate Report

Markham West, Richmond Hill: Your Neighbour Just Got a Raise. Did You?

If you own a home in Markham West and you haven't checked your property value lately, here's the short version: prices are up, demand is real, and the number on your tax assessment is probably lying to you. Let's get into it.

The HonestDoor Price - Your Real-World Check

The average HonestDoor Price for Markham West in Richmond Hill is sitting at $1,196,600 - up 5.92% from the previous period. That is not a rounding error. That is real equity growth that your city assessment almost certainly hasn't caught up to yet.

Government assessments are updated on a cycle. The market moves every single day. The HonestDoor Price pulls from live sales data, giving you a current picture of what your home is actually worth right now - not what a bureaucrat decided it was worth two years ago. If you're making any financial decision tied to your home's value, the HonestDoor Price is the number you want in your hand.

• Average HonestDoor Price: $1,196,600
• Price growth from previous period: +5.92%
• Average rental estimate: $4,760 per month
• Average Airbnb estimate: $235 per night
• Airbnb rank in Richmond Hill: 10th

How We Stack Up Against the Neighbours

Markham West is holding its own on the block. Milliken West is priced at $1,174,943 and Hillcrest Village comes in at $1,173,008 - both cheaper than us. Thornhill North is in a different weight class at $1,566,946, but that's a different market entirely. For what we offer, Markham West is punching at a solid price point.

The Vibe - Houses vs. Condos

Houses: Sellers Have the Upper Hand

Here's something you don't see every day - the one house that sold in Markham West this period went for 101.13% of the asking price. That means the buyer paid over list. In a market where a lot of neighbourhoods are seeing buyers negotiate down, that stat tells you demand here is genuine.

• Average sale price: $535,000
• Average list price this month: $529,000
• Price per square foot: $714
• Sale-to-list ratio: 101.13% - buyers paid above asking
• Average days on market: 45 days
• Predicted market value: $1,527,784
• 3-month moving average: $1,522,503 - trending up
• Estimated rent: $5,559 per month
• Rental yield: 4.19%
• Recent value change: +1.84%
• Growth rank: 7 out of 14 neighbourhoods in Markham - above average

Houses here are also selling faster than Milliken West - 45 days versus 50 days next door. That gap matters. Faster sales mean less time carrying costs and less time negotiating under pressure. On the neighbourhood leaderboard, Markham West houses rank 7th out of 14 for growth in Markham - solidly above the midpoint. And for affordability? We rank 8th out of 8, meaning we're among the most accessible entry points for houses in the city. That combination of affordability and above-average growth is exactly what buyers are hunting for right now.

Condos: A Buyers' Market, But Not a Soft One

The condo picture is a little different. The one condo that sold went for 99.05% of list - just a hair under asking. That puts us technically in buyers' market territory, but it's not a fire sale. Buyers are getting a slight edge, not a steal.

• Average sale price: $830,000
• Average list price this month: $838,000
• Price per square foot: $554
• Sale-to-list ratio: 99.05% - buyers paid just below asking
• Average days on market: 8 days
• Predicted market value: $603,158
• 3-month moving average: $609,529 - slight dip to watch
• Recent value change: -0.46%
• Estimated rent: $2,905 per month
• Rental yield: 3.65%
• Growth rank: 5 out of 14 neighbourhoods in Markham - above average

Eight days on market is fast. That tells us condo buyers in Markham West are moving with conviction when the right unit shows up. The predicted value of $603,158 is also running ahead of nearby Milliken West condos at $523,365 - a $80,000 gap in our favour. The 3-month moving average is dipping slightly, so condo owners thinking about selling should keep an eye on that trend rather than waiting it out.

The Secret Sauce - Why You Should Check Your HonestDoor Price Today

Your city assessment is a snapshot from the past. It doesn't know about the sale down the street last month. It doesn't factor in that houses here are selling above asking right now. It definitely doesn't know your neighbour just locked in a rental tenant at $4,760 a month.

The HonestDoor Price is updated in real time using actual market data. With values up 5.92% in Markham West, there's a real chance your home is worth meaningfully more than any official document currently says. That gap matters if you're refinancing, selling, or just trying to understand what you actually own.

Checking your HonestDoor Price takes two minutes and costs nothing. Not knowing your real number? That's the expensive option.

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

If you own a house in Markham West and you've been on the fence about listing this summer, the data is giving you a green light - with a few things to keep in mind.

Buyers are paying over asking on houses. Days on market are shorter here than in neighbouring areas. Values are trending up, not down. That is a sellers' window, and summer is when motivated buyers with families are most active. The conditions right now favour you as a seller more than they have in a while.

For condo owners, the window is still open but it's narrower. The predicted value is dipping slightly against the 3-month average. If you're thinking about selling, sooner is likely better than later while demand is still keeping days on market at just 8 days.

Either way, the first move is simple - pull your HonestDoor Price, see where you actually stand, and make a plan from real numbers instead of 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.