Guides / Sellers

How to Price Your Home in Markham's Balanced Market (Fall 2026)

By Robert Lin, real estate agent · October 2026

Quick answer

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

  1. 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.
  2. 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.
  3. 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.

Written by Robert Lin

Real estate agent serving Thornhill, Markham, Vaughan, Richmond Hill, North York. Questions about your situation? Send me a message or call 647-965-7834.

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