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Featured local agent — Markham, IL
Sarah Mitchell
Compass Real Estate · Markham, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Markham, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$139,000median sale price
How is the Markham, IL housing market right now?
The median home sale price in Markham, IL is $139,000, down 15.8% year-over-year. Homes sell in an average of 85 days with 90 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Markham a buyer's or seller's market?
Markham, IL is currently a buyer's market, based on 10.0 months of supply and homes selling in about 85 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
85
Average pace
Active listings
90
10.0 months supply
Sale-to-list
97.5%
Below asking
What does the Markham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $139,000 |
| Median list price | $169,900 |
| Year-over-year price change | -15.8% |
| Average days on market | 85 days |
| Active inventory | 90 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 97.5% |
| Median price per sq ft | $140/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 37 |
| Listings with a price cut | 14.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Markham by property type?
How the Markham, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $139,000 | $140/sq ft | 9 | 85 days |
| Townhouse | $176,000 | $126/sq ft | 1 | 137 days |
Source: Redfin · Updated monthly
The Markham housing market is currently classified as a buyer's market with a median sale price of $139,000. Prices have fallen 15.8% compared to last year, with homes spending an average of 85 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Markham
There are currently 90 homes listed for sale in Markham, Illinois. The median listing price is $170K.
Active listings
90
Homes on market
Median list price
$170K
Avg. days on market
85
Days until sale
New this week
37
Newly listed
Who lives in Markham?
Population
11,434
Median income
$52,364/yr
Median age
33.7 years
Owner-occupied
72.0%
College grads
15.6%
Avg commute
34.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Markham?
Zillow home value
$159,150
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Markham?
Markham is a community of approximately 11K residents with a median age of 33.7 years.The median household income is $52,364, which represents a working-class community with solid middle-income opportunities. 15.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Markham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Markham?
5 schools tracked · 1,670 students
The largest public schools serving Markham, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Prairie-Hills Junior High School
Grades 6-8 · 820 students
Barack H Obama Learning Academy
Grades PK-8 · 443 students
Markham Park Elem School
Grades PK-5 · 290 students
Prairie-Hills STEAM Academy
Grades PK-4 · 105 students
Primary Learning Center
Grades PK · 12 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Markham, IL?
Want a head-to-head view? Compare Markham side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Markham?
The median home sale price in Markham is $139,000, down 15.8% from last year.
How long do homes stay on market in Markham?
Homes typically spend 85 days on market before going under contract.
What is the median income in Markham?
The median household income is $52,364 per year.
Is Markham a buyer's or seller's market?
With 10.0 months of supply, Markham is currently a buyer's market.
What is the Zillow home value estimate for Markham?
The Zillow Home Value Index (ZHVI) for Markham is $159,150, representing the typical home value in the area.
How much does a single-family home cost in Markham?
The median single-family home price in Markham, IL is $139,000 (about $140 per square foot).
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