Markham Real Estate Market Trends 2025: Prices, Inventory & What Buyers Should Know

The Markham real estate market continues to attract attention in 2025 as one of the most dynamic housing markets in the Greater Toronto Area (GTA). After years of rapid appreciation, the market is now showing signs of cautious stabilization with opportunities for both buyers and sellers. If you’re planning a move this year, here’s what you need to know about prices, inventory, and the factors shaping Markham’s housing market.

Home Prices in 2025

In 2025, the average home price in Markham sits around $1.24 million. While this represents only a modest increase compared to recent years, it reflects a more balanced market.

Detached Homes remain the most expensive option, driven by demand from families seeking larger lots and more privacy.

Townhouses offer a mid-range price point, appealing to young families and upsizers.

Condos are still the most affordable entry into the market, especially attractive for first-time buyers and investors.

Neighborhoods like Unionville, Wismer, and Berczy Village continue to command premium prices due to their schools, amenities, and strong community appeal. Meanwhile, emerging areas such as Cornell and Greensborough provide more budget-friendly opportunities without sacrificing lifestyle.

Inventory Levels: More Options for Buyers

One of the biggest shifts in 2025 is the growth in inventory. After years of tight supply, buyers now have more choice across different property types.

Balanced Conditions: While bidding wars still occur in hot neighborhoods, the market isn’t as frenzied as it was a few years ago.

New Developments: Ongoing condo and townhouse projects are helping ease supply pressures, particularly for entry-level buyers.

Resale Market: Sellers are adjusting expectations, creating opportunities for savvy buyers willing to negotiate.

Interest Rates & Market Uncertainty

Rising interest rates remain a major factor shaping the market. Higher borrowing costs mean affordability is tighter, making mortgage pre-approval a must for serious buyers.

Economic uncertainties, including job market shifts and global trends, are also influencing buyer behavior. Many are approaching purchases with caution, seeking long-term value and stability.

What Buyers Should Do in 2025

To succeed in Markham’s market this year, buyers should:

Get Pre-Approved: Know your budget before making an offer.

Act Decisively: Well-priced homes in desirable neighborhoods still sell quickly.

Work with a Local Expert: Markham’s neighborhoods vary greatly in pricing and amenities professional guidance is key.

Think Long-Term: Focus on areas with strong schools, transit, and future growth potential for lasting value.

Final Thoughts

Markham’s 2025 real estate market offers a healthier balance than in previous years, with more inventory and steadier price growth. While affordability challenges remain, buyers who prepare carefully and understand neighborhood dynamics can find excellent opportunities.

Whether you’re searching for a condo, townhouse, or detached home, staying informed about market trends will help you make confident decisions in this evolving landscape.