Detached Homes for Sale in Newmarket
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 Newmarket this band: $475K · 52 active · avg 13 days on market.
52 active · median $475K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Detached Homes in Newmarket Under $500K
52 active · median $475K
Median List Price
$475K
Active Listings
52
Avg Days on Market
13 days
YoY Change
-6.8%
6-Month Median Price Trend
Dec
$477K
Jan
$473K
Feb
$461K
Mar
$460K
Apr
$486K
May
$466K
What is the average detached price in Newmarket in 2026?
The benchmark price for a detached in Newmarket in 2026 is approximately $475K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 52 active listings, moving in an average of 13 days on market. Prices are down 6.8% year-over-year.
Is Newmarket a buyer's or seller's market right now?
Newmarket is currently a balanced market for detacheds in this band. Inventory is turning over in 13 days with prices down 6.8% year-over-year. Neither side has decisive leverage right now.
Families helped in Newmarket
34+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
“Switched at renewal and saved $187/month with no closing costs. I should have called them at year three.”
What $475K gets you in Newmarket.
Detacheds in Newmarket 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 13 days.
Typical Size
1,800–3,500 sqft
Bedroom Range
3–5 bedrooms
Ownership Style
freehold
Sample comparables in this band.
$500K
$487K
$465K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these detached homes are clustered in Newmarket.
Keep exploring Newmarket.
Other price ranges
Other property types
Newmarket Detached FAQ
What is the median price for detached homes in Newmarket under $500k?
As of 2026-05-01, the median list price for detached homes in Newmarket priced under $500k sits at approximately $475K based on active MLS inventory.
How many detached homes are currently for sale in Newmarket in this price range?
There are roughly 52 active detached homes for sale in Newmarket priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do detached homes stay on the market in Newmarket?
Detached Homes in Newmarket priced under $500k are averaging 13 days on market. That signals a seller-leaning market — buyers should expect competition and pre-approved offers.
Are Newmarket detached prices going up or down?
Year-over-year median detached prices in Newmarket (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 Newmarket?
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 — 52 active, median $475K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Newmarket advisor within 1 business hour.
Detached Homes in Newmarket Under $500K
Median $475K · 52 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.