Detached Homes for Sale in Markham
Under $500K
Fully freehold land + structure. Highest long-term appreciation, full renovation flexibility, and the strongest move-up buyer demand in the Ontario market. Median list price in Markham this band: $475K · 74 active · avg 34 days on market.
74 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Detached Homes in Markham Under $500K
74 active · median $475K
Median List Price
$475K
Active Listings
74
Avg Days on Market
34 days
YoY Change
-6.8%
6-Month Median Price Trend
Dec
$488K
Jan
$468K
Feb
$470K
Mar
$480K
Apr
$473K
May
$460K
What is the average detached price in Markham in 2026?
The benchmark price for a detached in Markham in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 74 active listings, moving in an average of 34 days on market. Prices are down 6.8% year-over-year.
Is Markham a buyer's or seller's market right now?
Markham is currently a balanced market for detacheds in this band. Inventory is turning over in 34 days with prices down 6.8% year-over-year. Neither side has decisive leverage right now.
Families helped in Markham
86+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“We got conditional approval the same evening we called. Saved us from losing the home in a multi-offer.”
What $475K gets you in Markham.
Detacheds in Markham priced under $500k are tracking against a CREA MLS® HPI benchmark of $1158K for the greater toronto area. Within this band the median list comes in near $475K — down 6.8% year-over-year. Active inventory is moving in roughly 34 days.
Typical Size
1,800–3,500 sqft
Bedroom Range
3–5 bedrooms
Ownership Style
freehold
Sample comparables in this band.
$460K
$462K
$453K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these detached homes are clustered in Markham.
Keep exploring Markham.
Other price ranges
Other property types
Markham Detached FAQ
What is the median price for detached homes in Markham under $500k?
As of 2026-05-01, the median list price for detached homes in Markham priced under $500k sits at approximately $475K based on active MLS inventory.
How many detached homes are currently for sale in Markham in this price range?
There are roughly 74 active detached homes for sale in Markham priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do detached homes stay on the market in Markham?
Detached Homes in Markham priced under $500k are averaging 34 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Markham detached prices going up or down?
Year-over-year median detached prices in Markham (this band) are down 6.8%. Six-month trend data is available on this page.
What mortgage do I need to buy a detached at this price in Markham?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $2,322 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 74 active, median $475K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Markham advisor within 1 business hour.
Detached Homes in Markham Under $500K
Median $475K · 74 active · 3.95% 5-yr fixed
Get pre-approved for a $380K mortgage.
Based on $475K median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.