🏡 What Is the Average Price of a House in Markham? (2025 Market Breakdown)

As the Top Realtor in Markham, Michael John Lau has guided countless clients through the city’s dynamic housing market. With unmatched knowledge, professional guidance, and a reputation for excellence, Michael helps buyers and sellers make informed real estate decisions. Learn more at www.callmikelau.com

What Is the Average Price of a House in Markham? A Complete 2025 Guide

The Markham real estate market continues to be one of the most competitive and sought-after in the Greater Toronto Area. As more families, professionals, and investors target Markham for its schools, safety, community amenities, and strong property values, understanding the average home price in Markham is crucial especially if you’re planning to buy or sell.

Below is a comprehensive, SEO-optimized breakdown of current average prices across Markham neighborhoods, the factors influencing pricing, and what buyers and sellers should expect in 2025.

🏠 Average Home Prices in Markham (2025 Overview)

While prices vary based on neighborhood, property type, and market conditions, Markham consistently ranks among the top-performing housing markets in Ontario. On average:

• Detached homes in Markham typically range from $1.55M - $2.1M+
• Semi-detached homes average $1.2M - $1.4M
• Townhouses generally range from $950K - $1.2M
• Condominiums average $650K - $850K

These averages shift depending on specific districts such as Unionville, Cornell, Wismer, Greensborough, and Berczy Village areas where demand often outpaces supply.

📍 Average Price by Markham Neighborhood

1. Unionville

Unionville remains one of the most desirable neighborhoods in Markham.

• Detached: $1.9M - $2.5M+
• Townhomes: $1.2M - $1.5M
• Condos: $750K - $950K

2. Berczy Village

Known for top-ranking schools and family-friendly streets.

• Detached: $1.7M - $2M
• Semi-detached: $1.3M - $1.45M
• Townhomes: $1M - $1.25M

3. Wismer

A hotspot for families and newcomers due to excellent walkability and parks.

• Detached: $1.6M - $1.9M
• Townhomes: $950K - $1.15M
• Condos: $600K - $750K

4. Cornell

A modern, master-planned community offering great value.

• Detached: $1.45M - $1.7M
• Townhomes: $900K - $1.1M
• Condos: $600K - $700K

5. Greensborough

One of the fastest-growing areas for first-time buyers and upsizers.

• Detached: $1.5M - $1.8M
• Townhomes: $950K - $1.15M
• Condos: $580K - $700K

📊 What Drives Home Prices in Markham?

Markham’s market strength comes from several key factors:

✔ Highly ranked schools

Neighborhoods like Unionville, Wismer, and Berczy consistently attract families looking for the best education options.

✔ Community safety & family-oriented environment

Markham remains one of Ontario’s safest regions.

✔ Tech & business growth

Markham is known as Canada’s High-Tech Capital, home to over 1,500 tech companies.

✔ Limited housing supply

Demand frequently exceeds supply, sustaining high property values.

✔ Transit expansion

The upcoming Yonge North Subway Extension is already impacting buyer interest and long-term value.

🧭 Is Now a Good Time to Buy or Sell in Markham?

📌 For Buyers

Markham continues to offer long-term stability, strong appreciation, and some of the most desirable family neighborhoods in the GTA. With interest rate shifts expected in 2025, pre-approved buyers may find better opportunities early in the year.

📌 For Sellers

Quality listings in Markham’s top neighborhoods continue to sell quickly especially detached homes and townhomes. With low inventory, sellers remain in a strong position.

🔑 Work with a Trusted Markham Real Estate Expert

Whether you're buying your first home, upgrading, downsizing, or investing, having a top-performing realtor with deep local expertise can make a massive difference.

Michael John Lau guides clients through every step with strategy, clarity, and unmatched knowledge of the Markham and Unionville real estate market.

👉 Visit www.callmikelau.com to get started today.
Your move begins with the right realtor and Michael is here to help you make it happen.