Blog > What Are Markham Detached Homes Selling For? The $1.44M Benchmark Explained
What Are Markham Detached Homes Selling For? The $1.44M Benchmark Explained
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In September 2026, the MLS HPI benchmark for a single-family detached home in Markham was $1,441,700, down 5.61% from a year earlier. Actual detached sales averaged $1,534,139, with a median of $1,381,500, across 108 sales. Detached homes sold for about 98% of asking after 31 days on average. The benchmark describes a typical detached home, while the average is pulled up by larger and luxury homes.
Ask three people what a Markham detached home costs, and you may hear three different numbers. One quotes the benchmark. One quotes the average. One quotes what their neighbour got last spring. All three can be right, and that is exactly why buyers and sellers get confused.
Here is what Markham detached homes sold for in September 2026, and what each number really means.
Michael John Lau is one of Markham's top real estate agents, with 430+ homes sold, a 5.0 rating across 81 Google reviews, and eXp ICON Agent awards in 2024 and 2025. Detached homes are the heart of his business, and he prices them street by street, because city averages can hide big differences between neighbourhoods.
| Detached, Sept 2026 | Markham | Richmond Hill |
|---|---|---|
| MLS HPI benchmark | $1,441,700 | $1,514,400 |
| Year-over-year change | -5.61% | -6.51% |
| Sales | 108 | 84 |
| Average price | $1,534,139 | $1,580,643 |
| Median price | $1,381,500 | $1,438,500 |
| New listings | 292 | 321 |
| Active listings | 462 | 551 |
| Sale-to-list price | 98% | 97% |
| Average days on market | 31 | 31 |
Key takeaways
- MLS HPI benchmark for Markham detached: $1,441,700, down 5.61% year over year.
- Average detached sale price: $1,534,139. Median: $1,381,500. Sales: 108.
- Detached homes sold at about 98% of asking in 31 days on average.
- 462 active detached listings works out to about 4.3 months of supply.
- Richmond Hill's detached benchmark was $1,514,400, down 6.51%.
Benchmark, average or median: which number should you use?
- MLS HPI benchmark ($1,441,700): the estimated price of a typical detached home with standard features. It is the best number for tracking trends over time because it is not skewed by which homes happened to sell.
- Average ($1,534,139): total sales value divided by the number of sales. A few luxury sales can pull it up.
- Median ($1,381,500): the middle sale. Half sold for more, half for less.
For your own home, none of these is the answer. Your street, lot, size, age and condition matter far more.
Are Markham detached prices going up or down?
Down from last year, steady month to month. The detached benchmark was $1,447,800 in August and $1,441,700 in September, a small dip. Compared with September 2025, it was down 5.61%, which puts last year's benchmark at about $1,527,400.
Supply is moderate. With 462 active listings and 108 sales in September, Markham had about 4.3 months of detached supply. That is balanced territory, where well-priced homes sell and overpriced homes wait.
Prices vary a lot by neighbourhood
A detached home in Cornell or Box Grove and a detached home in Angus Glen or Cachet can differ by more than a million dollars. Lot size, school boundaries, ravine or park frontage and age of the home all play a role.
See recent sales by area on the home values pages for Unionville, Cachet, Berczy Village, Cornell and Wismer.
What this means for detached buyers
Buyers have more choice than in recent years and are paying about 98% of asking on average. That leaves room to negotiate on homes that have been listed for a while, while the best-presented homes on popular streets can still attract competition.
Learn how buyer representation with Michael works.
What this means for detached sellers
Pricing is everything in a balanced market. Homes priced close to what recent comparable sales support tend to sell in about a month. Homes priced above the market tend to sit and then need a price change.
A recent example: at 59 Smoothwater Terrace, early offers came in short, the strategy was adjusted using real feedback, and the detached home sold for $150,000 over asking.
Start with a free home evaluation in Markham.
General information only, not financial, legal or tax advice. Figures are from the sources listed and may change.
Frequently asked questions
How much is a detached house in Markham?
In September 2026, the Markham detached MLS HPI benchmark was $1,441,700. Actual detached sales averaged $1,534,139 with a median of $1,381,500.
Are detached home prices falling in Markham?
The detached benchmark was down 5.61% from September 2025, and down slightly from $1,447,800 in August 2026.
What is the MLS HPI benchmark price?
It is the estimated price of a typical home with standard features in an area. It tracks price trends without being skewed by the mix of homes that sold in a given month.
How fast do detached homes sell in Markham?
In September 2026, Markham detached homes sold in 31 days on average, at about 98% of the asking price.
Is Markham or Richmond Hill more expensive for detached homes?
In September 2026, Richmond Hill's detached benchmark was $1,514,400 versus $1,441,700 in Markham. Prices vary widely by neighbourhood in both cities.
How do I find out what my detached home is worth?
Look at recent sales on your street and in your immediate area, adjusted for size, lot and condition. A free home evaluation can give you a street-level estimate.
Talk to a Markham REALTOR® who knows these streets
Curious what your detached home would sell for today? Michael John Lau can pull the recent sales on your street and give you a clear, honest number.
Call (416) 700-0286Free home evaluationKeep reading
Sources
- TRREB Market Watch, September 2026
- TRREB MLS® HPI Public Tables, September 2026
- TRREB news release, October 6, 2026
Information is accurate to the best of our knowledge as of October 23, 2026 and may change. Not intended to solicit buyers or sellers currently under contract.
