The housing market in Markham, part of York Region South, displayed a dynamic performance in October 2025, offering distinct trends compared to the overall sluggish activity seen across the Greater Toronto Area (GTA). While the GTA generally saw home sales decline year-over-year (Y/Y) and prices drop, Markham showed specific segments retaining significant strength.

The Markham Composite Picture

Markham recorded 281 sales in October 2025, contributing to a total sales dollar volume of $345,864,183.

The overall average price for all home types in Markham reached $1,230,833. Compared to the broader GTA average price of $1,054,372, Markham maintains a premium market value.

The longer-term market health, as measured by the MLS® Home Price Index (HPI) Composite benchmark for Markham, showed a moderate year-over-year decline of -3.05%. This decline is less pronounced than the GTA composite HPI decline of 5.0% Y/Y.

Strong Momentum for Sellers

For homeowners in Markham, the market showed strength in specific property categories, particularly those seeking faster sales and better pricing in the short term:

• Detached Homes Surge: This key segment showed powerful month-over-month (M/M) growth, rising by +4.82% to an average price of $1,619,141. Despite a Y/Y drop of -3.05%, this significant monthly increase suggests renewed buyer interest or tighter supply compared to September. Detached homes sold quickly, averaging only 29 days on the market (LDOM). There were 121 detached homes sold in October.

• Condo Apartments Stabilize and Grow: Condo Apartments were the only segment in Markham to register a positive year-over-year price change, rising +1.21% to an average of $703,423. They also saw strong short-term growth, with a month-over-month price increase of +4.50%. 57 condo apartments were sold during the month.

• Att/Row/Townhouses Remain Agile: These property types showed positive M/M growth, increasing by +1.64% to an average price of $1,132,440. They moved the fastest among all categories, with an average LDOM of just 23 days. 51 Att/Row/Townhouses were sold.

Opportunities for Buyers

While the overall environment in the GTA favors homebuyers due to lower mortgage rates and falling selling prices, Markham buyers can find particular value and negotiating power in specific slower-moving segments:

• Semi-Detached Price Correction: Buyers looking for more space at a lower cost found value here, as Semi-Detached homes experienced a substantial Y/Y price drop of -7.00%, settling at an average of $1,135,978. Additionally, prices dropped M/M by -3.34%. These properties averaged 26 days on the market.

• Condo Townhouses Offer Negotiation Room: Condo Townhouses saw the largest short-term average price decline in Markham, dropping -6.69% month-over-month to an average price of $866,206. These units typically spent 47 days on the market (LDOM), tied with Condo Apartments for the longest duration, suggesting potential opportunities for negotiation. 22 Condo Townhouses were sold in October.

A Balanced Market Environment

The broader GTA market conditions currently favor homebuyers. Despite this context, Markham's market segments are far from uniform. The strong M/M resurgence in detached homes and steady Y/Y growth in condo apartments contrast sharply with the price softening seen in semi-detached and condo townhouses.

Overall, the average number of days on the market (LDOM) for all home types in Markham was 33 days. For prospective buyers or sellers, understanding these nuances—which property types are accelerating versus those offering the best value—is crucial to navigating this complex and compartmentalized market.

Want to discuss how these Markham trends impact your specific neighbourhood?

Contact Sam Chaim for expert advice!