Markham average housing price was up in Oct 2022

Markham average housing price was up in Oct 2022

Markham average housing price was up in Oct 2022

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Markham average housing price was up in Oct 2022!

Freehold Attached Market

The freehold attached houses' average price, including townhouses and semi-detached houses, was up 4.3% from the previous month, down 6.3% from the same month previous year. The average time to sell this type of home is around 13 Days. The current month of inventory of Attached houses in Markham is about 0.6. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was up 2.2% from the previous month, down 10.7% from the same month last year. Approximately 57.8% of total freehold units sold in Markham last month are Detached houses. If you plan to buy a detached home in Markham, you will need to spend an average of $1.7M. The current month of inventory of detached dwellings in Markham is around 2.17. The new listings were down 3.3% from the previous month, and down 39.3% from the same month last year.

Condo Market

The condo market is a Balanced Market. It takes an average of 24 days to sell a condo unit in Markham. The average price was up 5.6% from the previous month, up 4.5% from the same month last year. The new listings were down 5.0% from the previous month, and down 29.9% from the same month last year.

If you plan to move to Markham or you want to learn more about real estate investment opportunities in Markham, please contact Markham real estate agent Realtor Alan Zheng at 647-877-9311.