In March 2025, the average price of a home in Markham reached $1.21 million, according to the Toronto Regional Real Estate Board. This marks a modest increase of 0.2 per cent or $2,335 from February 2025. However, it represents a 9.9 per cent decrease compared to March 2024, a difference of $133,289.
There were 220 home sales in the month, with homes spending an average of 21 days on the market. At the end of March, there were 569 active listings. This reflects a 28.3 per cent drop in sales and a 31.4 per cent rise in active listings compared to the same time last year.
Market Breakdown by Home Type
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Detached homes averaged $1.64 million, which is a 3.5 per cent decrease from February, or $58,566 less. Year-over-year, detached home prices have fallen by 11.1 per cent or $203,863. There were 89 detached home sales in March, with an average of 20 days on the market and 239 active listings.
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Semi-detached homes saw an average price of $1.2 million, down 0.4 per cent or $4,679 from February, and 10.7 per cent or $143,572 lower than March 2024. There were 10 semi-detached home sales in March, with homes typically spending 17 days on the market and 25 active listings.
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Attached homes averaged $1.16 million, a 4.2 per cent drop or $50,718 from February, and 7.1 per cent lower than March 2024, representing a decrease of $88,585. 36 attached homes were sold, with an average of 17 days on the market and 89 active listings.
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Townhouse-style condos had an average price of $890,255, which is a 5.2 per cent decrease or $48,701 from February, and 3.1 per cent or $28,406 lower than a year ago. There were 22 townhouse-style condo sales in March, with an average of 24 days on the market and 32 active listings.
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Apartment-style condos saw an increase in price, with an average of $708,107, marking a 2.5 per cent increase or $17,333 month-over-month. However, compared to March 2024, the price was still down by 2.7 per cent or $19,932. There were 57 apartment-style condo sales in March, with an average of 26 days on the market and 168 active listings.
