$12,000,000
Community
Thornhill Real Estate
Markham, York
61Active
194Sold
438Leased
14Buildings
Thornhill Market
Updated Aug 22, 2026
Condos
Median sale price
$550K
Median PSF (est.)▼ 23.7%
$625/sqft
Price trend
Sold last 90 days
17
Active listings
30
Months of inventory
4.3
Avg days on market
40
Sale-to-list ratio
97.58%
Absorption rate
23.3%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 69.64% · End-user: 30.36% (from 17 sales, 39 leases)
Price reductions (90d)
Price-reduction rate: 11.76%
Avg reduction: $30,500 (4.87%)
Monthly reduction trend
2024-08: 25.0% (4 listings) · avg $40,000
2024-09: 0.0% (4 listings)
2024-10: 11.1% (9 listings) · avg $30,000
2024-11: 20.0% (5 listings) · avg $39,000
2024-12: 25.0% (8 listings) · avg $10,500
2025-01: 0.0% (4 listings)
2025-02: 0.0% (3 listings)
2025-04: 50.0% (4 listings) · avg $62,500
2025-05: 20.0% (5 listings) · avg $10,000
2025-07: 0.0% (3 listings)
2025-08: 25.0% (4 listings) · avg $20,000
2025-09: 25.0% (8 listings) · avg $89,500
2025-10: 36.4% (11 listings) · avg $69,997
2025-11: 25.0% (4 listings) · avg $50,000
2025-12: 25.0% (4 listings) · avg $90,000
2026-01: 33.3% (6 listings) · avg $92,550
2026-02: 33.3% (3 listings) · avg $21,000
2026-03: 25.0% (4 listings) · avg $25,100
2026-04: 100.0% (3 listings) · avg $73,333
2026-05: 20.0% (5 listings) · avg $40,800
2026-06: 0.0% (6 listings)
2026-07: 0.0% (4 listings)
2026-08: 40.0% (5 listings) · avg $30,500
Re-entries (past 12 months)
Re-entries: 0 · rate 0.00%
Median PSF (est.) vs parent area
Median PSF: $625 — -4.45% vs municipality avg ($655)[discount]
Supply vs demand by unit type (90d)
Sample: 30 active listings · 17 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 4 active / 3 sold · mismatch -4.32%
2br: 13 active / 6 sold · mismatch +8.04%
3br: 13 active / 8 sold · mismatch -3.73%
Concession pattern by unit type (90d)
1br (24 sales) — 79.17% closed with concessions, avg 2.66% below ask
2br (44 sales) — 88.64% closed with concessions, avg 4.49% below ask
3br (52 sales) — 84.62% closed with concessions, avg 3.89% below ask
Seasonality (annual pattern)
Historically strongest months: May, Sep, Dec
Historically weakest months: Oct, Feb, Mar
Annual averages: DOM 43.6d · sale-to-list 97.58% (n=120)
Monthly detail
Jan · 10 sales · DOM 47.2d · STL 97.86%
Feb · 6 sales · DOM 54.7d · STL 97.72%
Mar · 6 sales · DOM 66.2d · STL 98.68%
Apr · 7 sales · DOM 41.4d · STL 104.77%
May · 10 sales · DOM 25.7d · STL 98.85%
Jun · 8 sales · DOM 37.4d · STL 95.35%
Jul · 7 sales · DOM 49.6d · STL 95.94%
Aug · 13 sales · DOM 35.9d · STL 98.48%
Sep · 12 sales · DOM 33.5d · STL 96.64%
Oct · 20 sales · DOM 54.2d · STL 95.10%
Nov · 9 sales · DOM 52.6d · STL 99.47%
Dec · 12 sales · DOM 34.7d · STL 96.60%
Homes
Median sale price
$1.5M
Median PSF (est.)▲ 56.4%
$1323/sqft
Sold last 90 days
5
Active listings
23
Months of inventory
23.0
Avg days on market
62
Sale-to-list ratio
96.19%
Absorption rate
4.3%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 66.67% · End-user: 33.33% (from 5 sales, 10 leases)
Price reductions (90d)
Price-reduction rate: 20.00%
Avg reduction: $76,000 (5.53%)
Monthly reduction trend
2024-10: 0.0% (6 listings)
2025-06: 0.0% (3 listings)
2026-05: 0.0% (4 listings)
Re-entries (past 12 months)
Re-entries: 1 of 35 sold · rate 2.86%
Avg price change: -$85,000 (-5.06%)
Median PSF (est.) vs parent area
Median PSF: $1,323 — +108.26% vs municipality avg ($635)[premium]
Seasonality (annual pattern)
Historically strongest months: Aug, Mar, Apr
Historically weakest months: Dec, Feb, Nov
Annual averages: DOM 49.7d · sale-to-list 96.19% (n=35)
Monthly detail
Jan · 3 sales · DOM 64.3d · STL 93.08%
Feb · 2 sales · DOM 104.5d · STL 92.37%
Mar · 4 sales · DOM 15.8d · STL 97.93%
Apr · 2 sales · DOM 16.0d · STL 99.03%
May · 6 sales · DOM 62.3d · STL 97.08%
Jun · 4 sales · DOM 18.3d · STL 98.14%
Jul · 2 sales · DOM 61.5d · STL 95.27%
Aug · 2 sales · DOM 15.5d · STL 91.46%
Oct · 7 sales · DOM 47.3d · STL 97.83%
Nov · 1 sales · DOM 105.0d · STL 93.39%
Dec · 2 sales · DOM 103.5d · STL 93.18%
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About Thornhill Real Estate
Explore 61 active listings in Thornhill, located in Markham. Browse 14 condo buildings, compare 42 properties for sale and 19 for lease, and find your next home with detailed market data and price estimates.
Thornhill has seen 632 completed transactions recently, with 194 sold and 438 leased properties providing rich comparable data for accurate valuations.
Buildings in Thornhill
- 16 A Elgin16 A Elgin Street, Markham
- 16 B Elgin16 B Elgin Street, Markham
- 320 John320 John Street, Markham
- Crystal Place Condos7451 Yonge Street, Markham
- North Gate Condominiums16A Elgin Street, Markham
- Northgage Condos16 Elgin Street, Markham
- Northgate Condos16B Elgin Street, Markham
- The Thornhill Condos7950 Bathurst Street N, Markham
- The Vanguard Condos1 Grandview Avenue, Markham
- Thornhill Summit Condos7811 Yonge Street, Markham
- Thornlea Place Condominium Residences180 DUDLEY Avenue, Markham
- Vista Condos7 North Park Road W, Markham
- World on Yonge Condos7171 Yonge Street, Markham
- World on Yonge Condos7165 Yonge Street, Markham
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