Condos for Sale in Markham
Under $500K
Low-maintenance vertical living with amenity-rich buildings and walkable transit-friendly addresses. Ideal for first-time buyers, investors, and downsizers. Median list price in Markham this band: $475K · 6 active · avg 22 days on market.
6 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Condos in Markham Under $500K
6 active · median $475K
Median List Price
$475K
Active Listings
6
Avg Days on Market
22 days
YoY Change
-9.1%
6-Month Median Price Trend
Dec
$489K
Jan
$469K
Feb
$462K
Mar
$460K
Apr
$467K
May
$471K
What is the average condo price in Markham in 2026?
The benchmark price for a condo in Markham in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 6 active listings, moving in an average of 22 days on market. Prices are down 9.1% year-over-year.
Is Markham a buyer's or seller's market right now?
Markham is currently a balanced market for condos in this band. Inventory is turning over in 22 days with prices down 9.1% 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.
Condos in Markham priced under $500k are tracking against a CREA MLS® HPI benchmark of $539K for the greater toronto area. Within this band the median list comes in near $475K — down 9.1% year-over-year. Active inventory is moving in roughly 22 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$498K
$461K
$488K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these condos are clustered in Markham.
Keep exploring Markham.
Other property types
Markham Condo FAQ
What is the median price for condos in Markham under $500k?
As of 2026-05-01, the median list price for condos in Markham priced under $500k sits at approximately $475K based on active MLS inventory.
How many condos are currently for sale in Markham in this price range?
There are roughly 6 active condos for sale in Markham priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in Markham?
Condos in Markham priced under $500k are averaging 22 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Markham condo prices going up or down?
Year-over-year median condo prices in Markham (this band) are down 9.1%. Six-month trend data is available on this page.
What mortgage do I need to buy a condo 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 — 6 active, median $475K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Markham advisor within 1 business hour.
Condos in Markham Under $500K
Median $475K · 6 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.