Jun 2026
Average Price
$791,536
When buyer demand is high, homes tend to sell faster, and the number of available listings stays relatively limited. On the other hand, when demand eases, properties remain on the market longer, and the supply of homes gradually builds. The Newmarket housing market has followed this exact pattern throughout the past decade. Between 2016 and early 2017, and again from mid-2020 to early 2022, sales activity was exceptionally strong in Newmarket, while inventory levels stayed comparatively limited. Since the pandemic period, however, sales activity has been more moderate than during those peak years, leading to a larger supply of homes.
With low interest rates and favourable economic conditions supporting buyers, housing demand remained healthy, and sales in Newmarket real estate continued to gain momentum. Inventory was also steadily building, with active listings typically ranging from 300 to 750 homes.
The introduction of higher interest rates and tighter mortgage qualification criteria changed market conditions considerably. Home sales eased to between 60 and 140 units. Meanwhile, inventory stayed elevated for an extended period, with active listings frequently sitting between 500 and 950 homes.
Following a short-lived slowdown in spring 2020, sales activity accelerated sharply, with transactions ranging from 100 to more than 280 units. March 2021 marked the strongest month of the decade, recording 283 sales. Inventory also steadily increased throughout this period and generally remained between 300 and 650 active listings.
During this stretch, houses for sale generated a high level of demand across all property types, with more buyers searching for larger homes with more living space. Within the townhouse category, freehold townhouses remained the preferred choice for many buyers. Condo apartment sales, meanwhile, remained relatively modest throughout this period.
Housing market trends in Newmarket show that sales activity gradually eased from the exceptionally busy conditions experienced earlier. Most months recorded between 60 and 150 transactions. At the same time, inventory remained relatively limited through much of 2022 and the early part of 2023.
Active listings have continued to rise steadily, typically ranging from 300 to 700 homes, while sales have generally remained between 50 and 100 properties. Shifting our focus to 2026, sales have been increasing consistently month to month so far this year. With favourable developments such as the HST rebate now supporting the market, sales are expected to rise steadily over time.
Absorption rates typically sat between 60% and 85%, a clear sign that homes were selling at a rapid pace compared to the amount of inventory available on the market.
The market began to gradually cool in Newmarket real estate, with absorption rates generally falling within the 30% to 60% range. Toward the end of 2019, however, market activity began to pick up.
Market conditions quickly swung back in favour of sellers. Absorption rates regularly ranged from 50% to 100%, highlighting strong demand and a highly active market environment.
The ratio of sales to new listings remained mostly between 40% and 75% in the Newmarket housing market during this stretch.
Currently, the market continues to move at a slower pace, with buyers generally holding the advantage. In these slower market conditions, sellers should be careful to avoid common mistakes, while buyers should be careful not to make decisions they may regret later.
Source: Based on analysis of historical information made available from respective real estate boards.
Detached homes remained the most commonly sold property type, with 8,615 transactions completed and an average sale price of $1.1M.
Sales of semi-detached homes reached 1,685, while the average sale price stood at roughly $787.05K.
A total of 1,660 freehold townhouses were sold, with buyers paying an average of approximately $818.29K.
Condo townhouses recorded 749 sales, with the average price reaching approximately $696.49K.
Condo apartments accounted for 671 transactions in the Newmarket housing market, with the average price coming in at $532.03K.
Newmarket has long been one of York Region’s resilient housing markets, delivering relatively steady long-term growth. Over the past decade, home prices in Newmarket have increased by 37.87%. In the short term, however, the picture looks quite different as prices continue to rebalance across the broader Ontario market, including in Newmarket. So, what’s driving this shift? During the pandemic, record-low interest rates, the rise of remote work, and strong household savings fuelled strong buyer demand and pushed prices higher in Newmarket. Then, as the market moved beyond the pandemic period, higher interest rates and other affordability pressures began weighing on buying activity. As housing demand softened, house prices in Newmarket gradually moved lower. Currently, Newmarket home prices are down 10.03% year-over-year, and they have edged up slightly by 1.15% over the past five years. Long story short, Newmarket, already one of the more affordable housing markets in the Greater Toronto Area, now offers buyers even more room in their budgets than before. Newmarket homes are also taking longer to sell, opening the door to more opportunities for buyers.
With interest rates sitting near historic lows and economic conditions remaining favourable, buyer demand was exceptionally strong. Homes were changing hands very quickly, typically selling within 10 to 20 days. This surge in purchasing activity put upward pressure on prices, which climbed from roughly $600K to almost $810K.
The pace of the market began to ease as higher interest rates and stricter mortgage qualification requirements made homeownership less affordable. During this stretch, Newmarket house prices stabilised largely within the $600K to $710K range. Properties remained available for longer periods compared to the previous phase.
The housing market shifted gears as the remote work trend gained momentum, encouraging buyers to look beyond downtown cores and toward suburban communities and smaller areas. Combined with record-low interest rates, this trend fuelled a strong wave of demand in Newmarket. Prices rose sharply from around $640K to more than $1.1M. Homes were also selling at an exceptionally fast pace, often within just 6 to 20 days.
Once interest rates began moving higher, market conditions started to change. Prices gradually fell from above $1.1M in March 2022 to approximately $850K by the end of the year. Meanwhile, homes continued to sell relatively quickly, with most transactions occurring within 11 to 23 days.
As highlighted by Newmarket real estate trends, prices generally remained within the $850K to $1M range throughout this period. Meanwhile, homes sold at a steadier pace, usually between 15 and 35 days.
Prices have gradually trended lower overall, falling from about $950K at the beginning of 2025 to roughly $830K in 2026. Homes have also been spending more time on the market, frequently taking between 20 and 45 days to sell.
The strong price growth in the broader housing market in Newmarket has also carried over to the rental sector. Over the past decade, rental prices in Newmarket have increased by 45.20%. However, the short-term rental price trends are showing a slight downward movement in Newmarket. As of May 2026, rents are down 5.87% year-over-year, and they are showing a slight increase of 2.53% compared to five years ago.
The Newmarket rental market remained relatively steady, with average rents typically falling between $1,550 and $1,800 throughout most months. Leasing activity, meanwhile, was consistent, with leased units generally ranging from 40 to 80.
As reflected in the Newmarket real estate market trends, rental rates continued to edge higher while leasing activity became increasingly active.
The rental market gained further momentum during this timeframe. Rents typically ranged from $1,900 to $2,400, with a noticeable increase occurring by 2021. At the same time, leasing activity remained somewhat more moderate compared with previous years.
Rental prices continued to climb while leasing activity stayed fairly stable overall. Rental prices were generally between $2,300 and $2,700, and monthly leased unit counts usually fell within the 50 to 80 range.
As shown by recent trends in Newmarket real estate, rental rates have remained at historically high levels while leasing activity has picked up considerably. July 2024 recorded the highest average rent of the decade at $2,806. At the same time, August 2025 marked the busiest leasing month of the decade, with 113 units leased.