Search Markham homes for sale with Ontario expert, Nicole Digalakis.
Markham is a thriving city located in Southern Ontario, Canada, situated about 30 kilometers northeast of downtown Toronto. As the 16th most populous city in Canada and the 4th largest in the Greater Toronto Area, Markham had a population of 338,503 as of the 2021 census. Known as "Canada's high-tech capital," the city is home to numerous corporate headquarters and over a thousand high-tech and life science companies. Markham is renowned for its cultural diversity, with 72.3% of its population belonging to visible minority groups, making it one of the most diverse cities in Canada. The city offers a blend of urban amenities and suburban living, with excellent job opportunities, particularly in the technology sector, as well as access to parks, trails, and cultural attractions
Markham, ON Housing Market Trends
As of July 2024, Markham homes for sale have seen a median list price of $1,192,957, reflecting a slight increase from the previous month. However, the median price per square foot dropped significantly to $612, compared to $880 in June, indicating potential shifts in the types of properties being listed or market adjustments. With 361 active listings reported in January 2024, the market remains active and competitive. Homes for sale in Markham continue to sell relatively quickly, with the average days on market fluctuating between 10 and 23 days earlier in the year.
The Markham real estate market remains highly competitive, with homes for sale in Markham often selling above asking price. In February 2024, properties sold for an average of 6% above the listed price, a trend that has persisted through 2023 and into 2024, reflecting strong buyer demand. Over the past decade, the average sale price for homes and condos in Markham has surged by 93.4%, highlighting the area’s long-term growth and resilience in property values. With its steady appreciation, Markham continues to be a sought-after location for real estate investment.
The Markham real estate market offers a diverse range of property types, including detached and semi-detached houses, townhouses, and condos, catering to a variety of preferences and budgets. Newer homes across these categories often command higher prices due to modern amenities and energy-efficient designs. With Markham's population projected to reach 611,800 by 2051, demand for homes for sale in Markham is likely to remain strong. As Canada's high-tech capital and with its close proximity to Toronto, Markham continues to attract homebuyers and investors alike. The market remains robust, with properties selling quickly and often above asking price.
For detailed, up-to-date information on buying/selling a house in Markham, including legal considerations and market trends, you can talk to us.
Markham offers a diverse range of property types for buyers, including detached houses, semi-detached homes, townhouses, and condos. Whether you're looking for a family-friendly detached home with a spacious yard or a more affordable condo option, the Markham homes for sale cater to various preferences and budgets. Additionally, newer homes with modern designs and energy-efficient features tend to command higher prices but offer excellent long-term value.
When purchasing a home in Markham, it’s important to consider factors such as proximity to schools, public transit, and local amenities like shopping centers and parks. Since homes for sale in Markham often sell quickly and above asking price due to the competitive market, buyers should be prepared to act swiftly and may benefit from having mortgage pre-approval in place. It’s also advisable to work with a local real estate agent who is familiar with the area to help navigate the process.
Yes, Markham homes for sale present excellent investment opportunities due to the city’s growing population and its status as Canada’s high-tech capital. With proximity to Toronto and strong demand for housing, real estate in Markham is a solid long-term investment. Whether you're looking to rent out a property or hold it for future appreciation, Markham’s vibrant economy and diverse housing options make it an attractive choice for investors.
When selling a property in Markham, it’s important to price your home competitively. Given that many homes for sale in Markham sell quickly and often above asking price, working with a knowledgeable real estate agent can help you determine a strategic list price based on recent comparable sales and the unique features of your home. Highlighting modern amenities, updated interiors, and proximity to desirable locations like schools and transit can help you maximize your property’s value.
Preparing your home for sale in Markham involves making it as appealing as possible to potential buyers. Start by decluttering and deep cleaning all areas of the house. Small updates, such as fresh paint or minor repairs, can make a big difference in the presentation. Since Markham homes for sale often feature modern designs, ensuring your home has an up-to-date and move-in-ready feel can attract more buyers. Consider staging to showcase the property’s best features and make it stand out in a competitive market.
The time it takes to sell a home in Markham can vary, but homes for sale in Markham generally sell relatively quickly due to the competitive nature of the market. In 2024, the average days on market have ranged between 10 to 23 days, depending on the property type and time of year. Working with an experienced real estate agent and preparing your home for sale can help ensure a smooth and timely transaction, especially in such a fast-paced market.
Compared to other areas in the Greater Toronto Area (GTA), Markham offers a unique combination of modern suburban living and access to green spaces and cultural amenities. While cities like Toronto and Mississauga might offer more urban living experiences, Markham is known for its family-friendly neighborhoods, excellent schools, and community-focused lifestyle. The housing prices in Markham are generally competitive with other suburban areas in the GTA, offering a range of housing options from more affordable townhouses and condos to luxury estates.
If you have any questions or are interested in exploring the homes for sale in Markham, don’t hesitate to reach out! I’m here to guide you through every step of the process, whether you're looking to buy your first home or invest in this vibrant market. Contact me today, and let’s find the perfect property for you in Markham!
Neighborhood Guide
Discover the Best of Markham, ON!
Curious about what each neighborhood in Markham has to offer? Check out our comprehensive Markham neighborhood guide to explore the unique communities, amenities, and lifestyle options available throughout the city. Whether you're looking for family-friendly areas, vibrant urban spots, or peaceful suburban settings, our guide will help you find the perfect place to call home. Dive in and start exploring today!
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At Digalakis Real Estate, you are much more than just a business opportunity. Whether you're a first-time homebuyer or a senior seller, the team is fully committed to you, your successes, your satisfaction, and ensuring you never have to take on this life-changing chapter alone.
