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HomeNewsMarkham home prices surge 5.9 per cent to $1.28 million (October 2022)

Markham home prices surge 5.9 per cent to $1.28 million (October 2022)

The latest real estate figures for this region. R.J.

The typical worth for a house in Markham was $1.28 million in October 2022, in response to the Toronto Regional Actual Property Board. That’s up 5.9 per cent or $71,331 from September 2022 however down 8 per cent or $111,619 in comparison with October 2021.

There have been 245 residence gross sales in Markham after a mean of 18 days in the marketplace and 404 energetic listings on the finish of October. Gross sales have been down 49 per cent and energetic listings have been up 29.9 per cent in comparison with a 12 months in the past.

Indifferent homes averaged $1.74 million, up 1.9 per cent or $33,181 month-over-month however down 7.7 per cent or $145,368 year-over-year. There have been 96 indifferent home gross sales and after a mean of 16 days in the marketplace and 196 energetic listings on the finish of the month.

Semi-detached homes averaged $1.19 million, up 1.8 per cent or $21,565 month-over-month however down 7 per cent or $89,954 year-over-year. There have been 17 semi-detached home gross sales after a mean of 18 days in the marketplace and 16 energetic listings on the finish of the month.

You are reading: Markham home prices surge 5.9 per cent to $1.28 million (October 2022)

Hooked up homes averaged $1.2 million, up 4.9 per cent or $56,035 month-over-month however down 6.8 per cent or $87,037 year-over-year. There have been 57 hooked up home gross sales after a mean of 14 days in the marketplace and 25 energetic listings on the finish of the month.

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Townhouse-style condos averaged $828,740, down 10.2 per cent or $94,187 month-over-month and down 9.6 per cent or $87,718 year-over-year. There have been 20 townhouse-style apartment gross sales after a mean of 21 days in the marketplace and 41 energetic listings on the finish of the month.

Residence-style condos averaged $720,649, up 4.3 per cent or $29,863 month-over-month and up 4.6 per cent or $31,808 year-over-year. There have been 49 apartment-style apartment gross sales after a mean of 24 days in the marketplace and 118 energetic listings on the finish of the month.

In comparison with October 2012, the typical sale worth for all homes and condos in Markham has elevated 109.4 per cent, together with a $947,155 acquire for indifferent homes, a $704,333 acquire for semi-detached homes, a $793,634 acquire for hooked up homes, a $481,210 acquire for townhouse-style condos and a $254,733 acquire for apartment-style condos.

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Discover the most recent residence costs for 73 hyperlocal housing markets within the GTA

About this story

This story was routinely generated utilizing knowledge collected and maintained by the Toronto Regional Actual Property Board

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