Condos for Sale in Newmarket
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 Newmarket this band: $475K · 79 active · avg 40 days on market.
Median List Price
$475K
Active Listings
79
Avg Days on Market
40 days
YoY Change
-9.1%
6-Month Median Price Trend
Dec
$467K
Jan
$467K
Feb
$467K
Mar
$467K
Apr
$466K
May
$467K
What is the average condo price in Newmarket in 2026?
The benchmark price for a condo in Newmarket in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 79 active listings, moving in an average of 40 days on market. Prices are down 9.1% year-over-year.
Is Newmarket a buyer's or seller's market right now?
Newmarket is currently a buyer's market for condos in this band. Listings are sitting 40 days on average and prices are 9.1% lower year-over-year. Buyers have negotiating leverage on price, closing date, and condition periods.
Families helped in Newmarket
33+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“Rolled three high-interest credit cards into the mortgage. Cash flow up $640/month. Done in 3 weeks.”
What $475K gets you in Newmarket.
Condos in Newmarket 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 40 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$470K
$470K
$471K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these condos are clustered in Newmarket.
Keep exploring Newmarket.
Other property types
Newmarket Condo FAQ
What is the median price for condos in Newmarket under $500k?
As of 2026-05-01, the median list price for condos in Newmarket priced under $500k sits at approximately $475K based on active MLS inventory.
How many condos are currently for sale in Newmarket in this price range?
There are roughly 79 active condos for sale in Newmarket priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in Newmarket?
Condos in Newmarket priced under $500k are averaging 40 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Newmarket condo prices going up or down?
Year-over-year median condo prices in Newmarket (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 Newmarket?
On a $475K purchase with 20% down, you'd carry a mortgage of about $380K. At today's variable rates (~5.45% qualifying), that's roughly $NaN / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
See every active condo in Newmarket under $500k.
79 active listings · median $475K. A licensed Newmarket advisor sends the live list within 1 business hour.
Condos in Newmarket Under $500K
Median $475K · 79 active
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.