Markham: May 2025 Real Estate Market Report
Markham Real Estate Market Update—May 2025
The Markham real estate scene was going quite strong in May 2025, with 256 houses sold and a staggering volume of sales worth more than $327 million. The average home price was approximately $1,279,253, while the median price was approximately $1,230,000. Additionally, there were almost 950 new listings and more than 1,300 active listings, providing buyers with many more choices this spring with all types of homes to choose from.
Detached homes in Markham led the market again, with 123 homes sold at an impressive average of $1,683,816. These large, family-oriented homes continue to attract strong demand, with a median price of $1.5 million. For those seeking more affordability without sacrificing location, townhomes and semi-detached properties ranged from $1.14M to $1.16M—ideal for first-time buyers and growing families.
The condo market in Markham remained active, with 59 units sold, averaging $671,874. As vertical living gains momentum, condos continue to offer accessibility and convenience near transit hubs, shopping, and corporate centers.
Markham Real Estate Stats—May 2025
| Property Type | Sales | Dollar Volume | Average Price | Median Price | New Listings | Active Listings |
|---|---|---|---|---|---|---|
| All Types | 256 | $327,488,670 | $1,279,253 | $1,230,000 | 948 | 1,311 |
| Detached | 123 | $207,109,332 | $1,683,816 | $1,505,000 | 411 | 544 |
| Semi-Detached | 18 | $20,926,888 | $1,162,605 | $1,157,500 | 39 | 54 |
| Townhomes | 34 | $39,083,688 | $1,149,520 | $1,185,000 | 158 | 212 |
| Condo Apartments | 59 | $39,640,588 | $671,874 | $650,000 | 240 | 359 |
- Detached homes in Markham saw the highest sales volume and pricing, averaging over $1.68M.
- Semi-detached homes and townhomes in Markham remained solid mid-range options between $1.14M and $1.16M.
- Condo apartments offered the most accessible price point at a $671K average—ideal for singles, professionals, and investors.
- Over 948 new listings and 1,311 active listings gave buyers ample inventory and negotiating power.
Find Your Next Home in Markham
- Homes in Markham—Condomonk
- Pre-construction homes in Markham—Condomonk
- Detached homes – Homebaba
- Townhomes—Homebaba
- Condos—Homebaba
Final Thoughts
With steady demand and lots of variety of housing types, Markham continues to offer diversified real estate options. Whether you're seeking luxury detached homes in Markham or first-time condos near technology and transit, this city is one of the best locations for York Region purchasers to search. Keep an eye out for new condo constructions in Markham as the city ramps up its vertical product lines in the coming months.
Sources:
- https://trreb.ca/wp-content/files/market-stats/market-watch/mw2505.pdf
- https://trreb.ca/market-data/market-watch/
Disclaimer: The content on this page is curated from various reputable online sources, including blogs, news outlets, and real estate boards. While our content writer team at Condomonk.ca strives to present valuable information, we do not guarantee its accuracy or completeness. Some information could be prone to error, and some details may be outdated, and the content should not be considered professional advice. For the most accurate and personalized guidance, please consult a licensed real estate agent or broker.
