How to Price Your Home in Markham's Balanced Market (Fall 2026)
As of late October 2026, Markham is a balanced market: about 5.5 months of inventory, a 38% sales to new listings ratio, and homes selling at roughly 99% of list price in about 30 days. Sellers should price at market from recent sold comparables rather than overpricing and chasing the market down.
Where the Markham market stands right now
Here is the 30 day snapshot for Markham as of late October 2026, from MLS® data:
| Measure | All home types | Detached |
|---|---|---|
| Average sold price | $1,109,480 (-5% YoY) | $1,518,449 (-4% YoY) |
| Homes sold | 221 (-8%) | 93 (+4%) |
| Average days on market | 30 | 29 |
| Active listings | 1,205 (-16%) | 492 (-20%) |
| Months of inventory | 5.5 | 5.3 |
| Sold price to list price | 99% | 98% |
What this means for you as a seller
With five to six months of inventory, buyers have choices but are still buying. Fewer active listings than last year means less competition for well presented homes. Homes are selling close to asking, which tells us one thing: buyers pay for homes that are priced right, and skip the ones that are not.
The three pricing mistakes I see most
- Pricing off a neighbour's list price. List prices are wishes. Sold prices are facts. We price from what actually sold on your street and in your pocket, adjusted for size, lot, condition and upgrades.
- Leaving room to negotiate. In a balanced market, overpriced homes sit. After three to four weeks, buyers start asking what is wrong with it, and you often sell for less than if you had priced correctly at launch.
- Ignoring condition. At 98% to 99% of list on average, the gap between a prepared home and a tired one shows up in days on market and in the final number.
My approach
I prepare a full comparative market analysis with recent sales, active competition, and price per square foot for your type of home, then recommend a launch price and offer strategy. You see every number behind my recommendation.
Want to know what your home would sell for in this market? Get your free home evaluation.
Common questions about pricing your home
Is Markham a buyer's market or a seller's market right now?
As of late October 2026, Markham is a balanced market, with about 5.5 months of inventory and homes selling at about 99% of list price in roughly 30 days.
Should I price my home high to leave room to negotiate?
Not in a balanced market. Overpriced homes tend to sit, and after a few weeks buyers start to wonder what is wrong. Pricing correctly from recent sold comparables usually gets you a better final number.
How do I find out what my home is worth?
Ask for a comparative market analysis based on recent sold homes near you, not list prices. I prepare one for free and walk you through every number. Request a free home evaluation.
Written by Robert Lin
Sales Representative serving Thornhill, Markham, Vaughan, Richmond Hill, North York, Scarborough, Toronto. Questions about your situation? Send me a message or call 647-965-7834.
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