Thursday, April 10, 2025
Erin
Local Hamilton Market Statistics General Real Estate Advice Real Estate Trends
Hamilton Real Estate Market Update – March 2025
The Cornerstone Association of REALTORS® has released its March 2025 housing report, and while ongoing tariffs and trade tensions have influenced the market, there are still positive developments worth noting. Most notably, inventory is up and home prices are trending down — giving buyers more options and more time to make decisions.
This report offers a clear breakdown of current market conditions in Hamilton and surrounding areas. Here’s what we cover:
- Sales, Listings, and Inventory: Data by property type, area, and sub-area.
- Market Trends and Outlook: Insights for buyers, sellers, and investors heading into the spring market.
Sales and Inventory Overview – Hamilton and Surrounding Areas
According to Cornerstone’s data, home sales declined across Hamilton, Burlington, Haldimand County, and Niagara North. Only 701 properties were sold in March — the lowest number for that month since 2009. Year-to-date, sales totaled 1,854 units, marking a 27% drop compared to the same period in 2024.
Hamilton, Burlington, and Niagara North all posted double-digit declines in home sales. Haldimand County saw a smaller dip year-over-year. Despite slower activity, new listings increased, which kept the sales-to-new-listings ratio at 40%. This shift improved inventory levels and pushed months of supply to four — higher than usual for March.
Cornerstone noted:
“Rising supply choice combined with easing demand weighed on home prices across all property types. In March, the unadjusted total residential benchmark price was $811,000, dipping one per cent compared to February and five per cent below levels reported last March.”
Looking Ahead: Hamilton Real Estate Trends
In the next section, we’ll dive deeper into the Hamilton housing market, including detailed insights into home prices, sales activity, and inventory by neighbourhood and property type. Stay tuned for a closer look at what’s shaping the real estate landscape in March 2025 and beyond.
Hamilton Residential Real Estate – Sales and Prices
In March 2025, Hamilton recorded 444 residential property sales, a sharp 29.1% decline year-over-year. According to the Cornerstone Association of REALTORS®, this marks the third consecutive month of slower sales compared to the same period in 2024.
The average price of a residential property in Hamilton dropped to $788,968, down 4.8% from last year.
Slower Start to the Year
By the end of Q1 2025, there were 1,218 residential sales in the Hamilton area — a 21% decline year-over-year and the slowest start to the year since 2010.
While sales fell across all sub-areas within the Hamilton real estate market, Hamilton East stood out by maintaining sales levels similar to last year. As Cornerstone noted:
“All areas experienced exceptionally low sales compared to longer-term trends.”
New Listings and Benchmark Prices
New listings saw a modest increase, with 1,111 homes listed in March, up 4.4% year-over-year. The sales-to-new-listings ratio remained low at 40%, boosting inventory to 1,887 units — a 39.5% increase. This pushed the months of supply to 4.25, nearly doubling from last year (+96.6%).
Cornerstone summarized the pricing impact:
“More choice prevented the typical seasonal boost in prices. The unadjusted benchmark price in March was $754,900, over four percent lower than last year. Seasonally adjusted prices have trended down for four consecutive months.”
Hamilton Real Estate Market – Key Metrics (March 2025)
- Home Sales: 444 residential units sold (↓ 29.1% YoY)
- New Listings: 1,111 homes listed (↑ 4.4% YoY)
- Inventory: 1,887 active listings (↑ 39.5%)
- Months of Supply: 4.25 months (↑ 96.6% YoY)
- Average Price: $788,968 (↓ 4.8% YoY)
- Benchmark Price: $754,900 (↓ 4% YoY)
Next Up: Property Type Comparison
This wraps up our review of Hamilton’s residential market activity and home prices for March 2025. We’ve looked at pricing trends, inventory levels, and how sales performance compares to previous years.
In the next section, we’ll break down sales by property type including detached, semi-detached, townhomes, and condos to see how each segment is performing across the Hamilton housing market.
Property Type Breakdown – Hamilton Real Estate Market
In March, benchmark prices across the Hamilton housing market declined across all property types. The steepest drop came from the condo and apartment segment, which saw a significant year-over-year decrease.
According to the Cornerstone Association of REALTORS®, detached homes saw a 3% decline in price compared to March 2024. However, on a seasonally adjusted basis, prices posted a modest gain from February.
Let’s break down the numbers by property type:
Detached Homes
- Sales: 297 (↓ 27% YoY)
- Inventory: 1,156 (↑ 36.7%)
- New Listings: 712 (↑ 9.2%)
- Average Price: $875,327 (↓ 5.8%)
Semi-Detached Homes
- Sales: 19 (↓ 36.7%)
- Inventory: 77 (↑ 79.1%)
- New Listings: 53 (↑ 23.3%)
- Average Price: $691,237 (↓ 0.8%)
Townhomes (Row Houses)
- Sales: 86 (↓ 29.5%)
- Inventory: 315 (↑ 48.6%)
- New Listings: 195 (↓ 10.6%)
- Average Price: $680,260 (↓ 4.4%)
Apartments & Condos
- Sales: 40 (↓ 38.5%)
- Inventory: 325 (↑ 33.2%)
- New Listings: 147 (↑ 0.7%)
- Average Price: $447,720 (↓ 8.6%)
Market Takeaways by Property Type
Across the board, home sales were down, while inventory levels rose significantly. This shift has led to more options for buyers, but continued pricing pressure especially in the condo and townhome markets. Detached homes still command the highest average price, though they too have seen price softening year-over-year.
Comparing year-over-year trends helps us understand market shifts, but monthly changes also matter. For a side-by-side look with last month’s data, check out our February 2025 Hamilton real estate report.
Next Up: Regional Summary
Now that we’ve covered property types, we’ll zoom in on regional real estate trends across Hamilton and surrounding areas. Up next is the Regional Summary, where we break down key stats by city and sub-market.
Regional Summary – Hamilton Real Estate Market
March 2025 brought sales declines across every region in the Hamilton real estate market, with Glanbrook seeing the sharpest drop — down 46.3% with just 29 homes sold.
The average home price also fell in most regions, with the exception of Dundas and Waterdown, which posted modest year-over-year gains of 3.1% and 1.0%, respectively.
Regional Breakdown – Key Market Trends
Dundas
- Sales: 28 (↓ 28.2% YoY)
- New Listings: 55 (↑ 52.8%)
- Inventory: 67 (↑ 81.1%)
- Average Price: $971,486 (↑ 3.1%)
Waterdown
- Sales: 25 (↓ 24.2% YoY)
- New Listings: 56 (↑ 5.7%)
- Inventory: 91 (↑ 68.5%)
- Average Price: $958,756 (↑ 1.0%)
Inventory Growth Across the Board
While most regions saw fewer sales, inventory levels increased significantly throughout Hamilton. This contributed to higher months of supply, giving buyers more leverage and greater choice.
New listing activity varied by area, with some regions experiencing gains and others seeing slight pullbacks. The result is a more balanced and competitive housing market, especially for those actively searching this spring.
Next Up: Hamilton Home Prices by District
In the next section, we’ll take a look at the Average Residential Price Map, which breaks down the Hamilton real estate market by sub-area. This map gives a detailed view of how prices varied across neighbourhoods in March 2025, helping buyers and sellers understand localized trends.
Average Residential Price by District – Hamilton Real Estate Market
The map above highlights the average residential prices across Hamilton’s sub-areas, offering a hyper-local view of how real estate values vary throughout the region. In this report, we’ve placed a special focus on Dundas and Waterdown, and we continue that here to provide more clarity for buyers, investors, and market watchers interested in these specific communities.
Spotlight on Dundas and Waterdown
These two communities correspond to Sub-Areas 41 and 46 within the Hamilton housing market.
Dundas (Sub-Area 41)
- Sales: 28 homes sold in March
- Average Price: $971,486
- Year-over-Year Change: ↑ 3.1%
Dundas saw a moderate boost in home prices compared to March 2024, despite a broader slowdown in sales. The area continues to maintain strong buyer interest thanks to its small-town feel and community amenities.
Waterdown (Sub-Area 46)
- Sales: 25 homes sold in March
- Average Price: $958,756
- Year-over-Year Change: ↑ 1.0%
Waterdown real estate also posted a slight gain in prices year-over-year. While sales volume was down, values held steady — a sign of consistent demand in this popular market pocket.
Across most sub-areas in Hamilton, home sales declined, but these two regions bucked the trend when it came to price resilience.
Next: Final Thoughts and What’s Ahead
You’ve almost reached the end of our Hamilton real estate market update for March 2025. Up next, we’ll hear from Nicolas von Bredow, spokesperson for the Hamilton-Burlington region at the Cornerstone Association of REALTORS®. He’ll share expert insights on the current market climate and what to expect moving forward.
We’ll also show you how to connect with a sales representative from Judy Marsales Real Estate Brokerage if you're ready to take the next step.
Summary & Expert Insight – Hamilton Real Estate Market
The Hamilton real estate market faced continued shifts in March, as global trade tensions — particularly tariffs and counter-tariffs — put pressure on buyer and seller activity. According to the Cornerstone Association of REALTORS®:
“Continued uncertainty about tariffs and retaliatory tariffs is impacting housing activity.”
While sales slowed, price drops opened new opportunities for buyers.
In total, 701 homes were sold across Hamilton, Burlington, Haldimand County, and Niagara North — the lowest March figure since 2009. Cumulatively, the first quarter recorded 1,854 sales, a 27% drop year-over-year.
Expert Perspective from Cornerstone
Nicolas von Bredow, spokesperson for the Hamilton-Burlington region, shared this comment:
“These challenges have slowed sales throughout the first quarter. However, softening prices and higher inventory levels are giving buyers in the market added time and options.”
Looking to Buy? We’re Here to Help
Buying a home doesn’t have to be overwhelming — especially when you’ve got a local expert by your side. With over 37 years of real estate experience in Hamilton and surrounding communities, Judy Marsales Real Estate Brokerage is here to help you navigate the market with confidence.
Whether you’re a first-time buyer or seasoned investor, our sales representatives offer:
- Personalized guidance
- In-depth local knowledge
- Access to the latest listings and market data
Stay Connected With Us
Follow us on Facebook and Instagram for:
- Local real estate updates
- New listings
- Community highlights
We’re here to keep you informed and inspired!
Contact our Offices
For personalized assistance, reach out to one of our three Hamilton locations:
More Tools & Resources
Looking to make your next move in Hamilton’s evolving real estate market? Get expert advice, real-time insights, and personalized support from the brokerage that knows this city best!
Monday, March 17, 2025
Erin
Local Hamilton Market Statistics General Real Estate Advice Real Estate Trends
Hamilton Real Estate Market Update: February 2025
The Hamilton real estate market saw a 35% decline in sales in February 2025, marking the lowest sales total for the month since 2009. This trend affected both Hamilton and Burlington, according to the Cornerstone Association of REALTORS® (Cornerstone).
Market Trends in Hamilton-Burlington
New listings in the Hamilton-Burlington market fell 9%, aligning with long-term trends. Sales slowed across all regions, with Burlington seeing the most significant drop.
Cornerstone noted that it's too early to tell whether Burlington's decline was a one-time event, especially since the market there has remained relatively stable in recent years. As stated in their report:
“Despite these fluctuations, the market is showing signs of stabilizing and adjusting to long-term trends.”
New Listings and Inventory Statistics
While sales dropped sharply, new listings declined at a more modest rate. Inventory rebounded 28% year-over-year, reaching 2,599 units, the highest February total since 2013.
Cornerstone attributed this inventory growth to increased supply:
“This also led to an increase in months of supply, which reached 4.5 months. This is nearly double the supply seen at this time last year and the second-highest February total on record.”
The decline in sales impacted home prices, with the regional benchmark price recorded at $812,600, reflecting a 3% year-over-year drop. Price decreases were observed across all property types, with semi-detached and row houses experiencing the steepest declines.
What This Report Covers
This report focuses specifically on the Hamilton real estate market and provides insights on:
- Sales Trends: A breakdown of sales by property type and overall market performance.
- Inventory & Listings: How new listings are shaping the market in 2025.
- Market Trends & Predictions: What buyers, sellers, and investors should expect moving forward.
What’s Next: Hamilton Residential Activity & Prices
With February’s slower sales, how has the market responded in terms of residential activity and pricing? The next section of this report will cover key price trends and buyer behavior, providing valuable insights for homeowners, investors, and potential buyers.
Hamilton Residential Activity and Prices: February 2025
In February 2025, the Hamilton real estate market experienced a 25% decline in sales, with only 388 transactions recorded, according to the Cornerstone Association of REALTORS® (Cornerstone). Despite this drop, new listings saw a modest 0.9% increase, reaching 909 listings, exceeding long-term averages.
With sales decreasing and new listings slightly increasing, inventory levels surged by 38%, making February’s supply higher than usual for this time of year.
Hamilton Real Estate Market: Key Metrics
- Home Sales: 388 sales, reflecting a 24.7% year-over-year decrease.
- New Listings: 909 new listings, a minor 0.4% decrease compared to February 2024.
- Average Price: $764,838, marking a 1.8% decline year-over-year.
Inventory Growth in Hamilton
With rising inventory and declining sales, months of supply jumped to 4.3 months, an 83% increase, making it the third-highest February supply on record. Cornerstone further noted:
“This increase in inventory also contributed to a nearly 4% decline in the total residential benchmark price, dropping to $749,400.”
Looking Ahead: Property-Specific Trends
This section provided an overview of Hamilton’s real estate market performance, but what about specific property types? In the next section, we’ll break down sales, new listings, and average prices by property type, offering deeper insights for buyers, sellers, and investors.
Property Type Comparison: Hamilton Real Estate Market
The Hamilton real estate market saw declining sales across most property types in February 2025, with semi-detached homes as the exception, maintaining stable performance, according to the Cornerstone Association of REALTORS® (Cornerstone).
New listings followed a similar pattern, with detached homes seeing a decline, while semi-detached, row, and apartment properties experienced increases. Inventory levels also rose significantly, with Cornerstone reporting:
“Months of supply saw notable increases across all sectors compared to 2024. The apartment sector reached ten months of supply, moving further into a buyer’s market.”
Key Insights: Property Type Statistics
Detached Homes
- Sales: 15.7% decline year-over-year, totaling 578 new listings, a 3.2% drop.
- New Listings: 578 new listings–a decrease of 3.2%.
- Average Price: $838,645, reflecting a 3.6% decrease from the previous year.
Semi-Detached Homes
- Sales: 27.8% increase, with 23 transactions recorded in February.
- New Listings: 39 total, marking a 50% year-over-year increase.
- Average Price: $693,174, up 15.1% compared to February 2024.
Row Homes (Townhouses)
- Sales: 67 total, representing a 42.7% year-over-year decline.
- New Listings: 153 total, a 0.7% increase.
- Average Price: $658,805, down 8% year-over-year.
Apartments/Condos
- Sales: 30 total, a 49.2% decrease from the previous year.
- New Listings: 137 total, up 11.4%.
- Average Price: $397,241, reflecting a 15.3% decline.
According to Cornerstone, rising inventory directly impacted pricing:
“While the rise in inventory contributed to price declines, the apartment sector saw the most significant year-over-year drop, at 6.5 per cent. Despite these shifts, the market offers opportunities, particularly as buyers gain more options and leverage.”
What’s Next? Regional Summary for Hamilton
Now that we’ve analyzed property type trends, we’ll shift our focus to Hamilton’s regional market performance in February 2025. In the next section, we’ll break down key statistics and trends shaping the city’s real estate landscape.
Regional Summary: Hamilton Real Estate Market – February 2025
The Hamilton real estate market saw declining sales across all regions in February 2025, with figures falling below long-term trends. However, months of supply increased in most areas, with Flamborough as the only exception. Notably, Ancaster recorded the highest supply at 8.6 months.
Regional Breakdown: Key Market Trends
Here we’ll break down the areas that had the best performance in terms of sales, while also taking a look at new listings and average prices. Helping us to gain a better understanding of the real estate market. Below is the breakdown:
Hamilton Mountain
- Sales: 94 total, a 17.5% year-over-year decrease.
- New Listings: 198 total, down 2.5% year-over-year.
- Inventory: 329 homes, reflecting a 59.7% increase.
- Average Price: $739,336, up 1.3% year-over-year.
Stoney Creek
- Sales: 59 total, a 33.7% year-over-year decline.
- New Listings: 148 total, unchanged from last year.
- Inventory: 262 homes, up 23%.
- Average Price: $763,384, a 5.6% decrease year-over-year.
Despite its sales decline, Hamilton Mountain remained the top-performing area, in terms of sales. Stoney Creek ranked second, with one of the highest new listing counts in the area. Both regions also saw some of the highest inventory levels in February.
Moving Forward: Average Residential Price by District
Next, we’ll analyze Hamilton’s residential prices by district, offering a closer look at property values in different sub-markets. This breakdown will help buyers, sellers, and investors better understand local price trends within the Hamilton real estate market.
Average Residential Price by District: February 2025
This report has examined key real estate trends in the Hamilton housing market, and now we’re diving deeper into sub-areas within Hamilton Mountain and Stoney Creek. These smaller districts provide a closer look at price trends, helping buyers and sellers understand local market variations.
Hamilton Mountain: Sales & Prices by Sub-Area
Hamilton Mountain led in total sales, with 94 transactions, despite a 17.5% year-over-year decline. The average home price increased slightly, rising 1.3% to $739,336. Below is a breakdown of sub-area pricing trends:
- Sub-Area 15: $858,719 (+10% YoY)
- Sub-Area 16: $787,613 (-4% YoY)
- Sub-Area 17: $613,269 (-7% YoY)
- Sub-Area 18: $703,786 (-6% YoY)
- Sub-Area 25: $742,286 (+12% YoY)
- Sub-Area 26: $831,125 (+25% YoY)
Stoney Creek: Sales & Prices by Sub-Area
Stoney Creek recorded 59 total sales, a 33.7% drop year-over-year. The average home price was $763,384, reflecting a 5.6% decrease. Below is the sub-area breakdown:
- Sub-Area 50: $878,427 (+2% YoY)
- Sub-Area 51: $710,126 (-7% YoY)
- Sub-Area 52: $696,250 (+3% YoY)
Coming Up: Hamilton Market Summary & Next Steps
This concludes our in-depth look at Hamilton’s sub-area price trends. In the final section of this report, we’ll summarize key statistics and provide details on how you can connect with a sales representative at Judy Marsales Real Estate Brokerage.
Summary of Statistics for the Hamilton Real Estate Market
The Hamilton real estate market in February 2025 experienced notable shifts, with sales declining 35% year-over-year across Hamilton and Burlington—the lowest February total since 2009. While new listings dipped 9%, inventory levels rose significantly, reaching the highest levels recorded for February in over a decade.
Key market trends included:
- Sales Decline: All property types saw sales drops except for semi-detached homes, which posted a 27.8% increase.
- Price Adjustments: The regional benchmark price fell 3%, with apartments/condos seeing the most significant price drop at 15.3%.
- Inventory Growth: Months of supply nearly doubled year-over-year, reaching 4.5 months, giving buyers more options and leverage.
- Regional Highlights: Hamilton Mountain remained the top-performing area in sales, while Stoney Creek had one of the highest new listing counts.
Despite the slower sales pace, market conditions indicate a shift toward balance, allowing buyers and sellers to make more strategic and informed decisions.
Nicolas von Bredow, spokesperson for Cornerstone, commented:
“Although the market looks different than what we have experienced the past few years, inventory and benchmark prices reflect a more stable market that is in alignment with long-term trends. Buyers and sellers are able to make more thoughtful decisions, which presents a real opportunity to find a great property.”
With greater inventory, stabilized pricing, and increased negotiating power, now is a great time to explore buying or selling opportunities. The experienced sales representatives at Judy Marsales Real Estate Brokerage are here to provide expert guidance and help you make the right move.
Finding Your Dream Home: Contact a Sales Representative
Finding the ideal home can be challenging, but our dedicated real estate professionals are here to guide you every step of the way. With market expertise and a deep understanding of your needs, our sales representatives will help you make informed decisions and secure the best property for you.
This comprehensive February 2025 market report has provided valuable insights, including:
- Market Trends & Pricing: Sales performance, price fluctuations, and inventory growth.
- Property Type Breakdown: How different property types are performing and what it means for buyers and sellers.
- Future Outlook: What to expect in the coming months and how to strategically buy or sell in Hamilton’s evolving market.
Questions? We Have the Answers!
Navigating the real estate market can be complex, but Judy Marsales Real Estate Brokerage is here to assist. Our sales representatives provide expert guidance, local insights, and personalized support to help you move forward with confidence.
Stay Connected: Market Updates & Community Insights
Stay updated with the latest Hamilton real estate trends, market insights, and new listings by following us on Facebook and Instagram. Connect with us to celebrate our community and stay ahead in the market!
Contact Our Office
For personalized assistance, reach out to one of our three Hamilton locations:
More Resources to Explore
- What’s My Home Worth? Use our complimentary home value calculator to get an accurate estimate based on current market trends.
February 2025 marked a shifting Hamilton real estate market, with rising inventory and new opportunities—connect with Judy Marsale Real Estate Brokerage to make your next move!
Friday, February 14, 2025
Erin
Local Hamilton Market Statistics Real Estate Trends
Hamilton Real Estate Market Update: January 2025
The Hamilton-Burlington real estate market started 2025 with notable shifts, as reported by the Cornerstone Association of REALTORS® (Cornerstone). This update provides a comprehensive analysis of January 2025 real estate trends, offering valuable insights for homebuyers, sellers, and investors. While covering the broader Hamilton-Burlington region, our primary focus remains on Hamilton’s evolving housing market.
Market Trends: Sales, Listings & Inventory
January saw a decline in home sales, new listings, and inventory, keeping activity below historical averages. While most areas experienced a slowdown, Haldimand County showed modest improvement compared to last year. In contrast, Burlington faced a steeper drop in sales than Hamilton, underscoring variations in local market conditions.
Despite interest rate cuts by the Bank of Canada, mortgage rates remained relatively unchanged, limiting their impact on buyer demand. According to Cornerstone, this cautious market start reflects low consumer confidence and ongoing economic uncertainty.
A key trend to watch is the rising number of new listings, which is outpacing sales and driving the sales-to-new-listings ratio down to 40%—the lowest January level since 2011. This increase in supply has pushed available housing inventory above four months, giving buyers more options.
Even with more homes on the market, benchmark prices have remained stable. The regional benchmark price for January 2025 reached $819,500, marking a 1% increase year-over-year. While detached, semi-detached, and row houses saw price growth, apartment prices declined, signaling a shift in buyer preferences.
Looking Ahead: Hamilton’s Housing Market in 2025
With shifting inventory levels, steady prices, and evolving buyer preferences, Hamilton’s real estate market is entering a dynamic phase. Understanding these trends is crucial for making informed decisions, whether you’re buying, selling, or investing. In the next section, we’ll take a closer look at Hamilton’s January 2025 residential market, breaking down sales activity, price movements, and key factors shaping the months ahead. Stay tuned as we explore the data and uncover what it means for you.
Hamilton Residential Activity and Prices – January 2025
In this section, we analyze Hamilton’s residential real estate activity and pricing trends for January 2025. The market started the year on a slower note, with home sales declining by 9% year-over-year and sitting 17% below the 10-year average.
However, new listings surged by 35%, contributing to a sales-to-new-listings ratio of 40%. This increase in supply drove inventory levels up to 1,497 units—the highest for this time of year since 2013. As a result, months of supply remained steady at four months, marking the sixth consecutive month at this level.
Hamilton Real Estate Market Statistics: The Breakdown
- Home Sales: A total of 396 sales were reported in Hamilton in January 2025, reflecting a decline of 8.9% year-over-year.
- New Listings: Hamilton saw 920 new listings, a 35.3% increase compared to the previous year.
- Average Price: The average price of a residential property in Hamilton declined 4.3% year-over-year, settling at $757,071.
Real Estate Trends in January 2025
The rise in inventory influenced home prices, leading to a modest decline in some areas. The unadjusted benchmark price stood at $754,200, showing a slight improvement compared to January 2024.
According to Cornerstone, price trends varied by property type:
“Year-over-year, prices are down nearly one percent, driven primarily by a 5.6% decline in the apartment condo sector, where prices have adjusted due to a surplus of supply. January reported 6.5 months of supply.”
What’s Next? A Look at Different Property Types
How did different property types perform in January 2025? In the next section, we’ll analyze detached homes, semi-detached homes, townhouses, and condos, breaking down new listings, sales, inventory levels, and average prices.
Stay with us as we provide buyers, sellers, and investors with a detailed market breakdown to help navigate the evolving Hamilton real estate landscape.
Property Type Comparison: Hamilton Real Estate Market – January 2025
January 2025 brought mixed results across all property types in the Hamilton real estate market. An increase in inventory, combined with a sales-to-new-listings ratio of 40%, contributed to downward pressure on prices. This was most noticeable in the apartment/condo sector, where the unadjusted benchmark price declined by 5.6% compared to January 2024.
Hamilton Real Estate Market: Regional Snapshot
While detached homes and apartments saw slower sales, some areas—such as Dundas, Stoney Creek, and Glanbrook—experienced stronger activity. Meanwhile, other regions reflected growing inventory levels:
- Hamilton Centre, Hamilton West, and Flamborough reported over five months of supply, indicating a shift toward a buyer-friendly market.
- The apartment/condo sector is officially in a buyer’s market, with 6.5 months of supply, giving buyers more options and negotiating power.
- Detached homes in the million-dollar range saw an increase in months of supply, providing greater selection for high-end buyers.
Key Insights: Property Type Statistics
Detached Homes
- Sales: 242 total, a 13.9% decrease year-over-year.
- Average Price: $782,500, a 0.4% increase compared to last year.
- New Listings: 598, reflecting a 41% increase year-over-year.
Semi-Detached Homes
- Sales: 16 total, unchanged from the previous year.
- Average Price: $649,209, down 13% year-over-year.
- New Listings: 50, a 100% increase compared to last year.
Row Homes (Townhouses)
- Sales: 73, an increase of 17.2% year-over-year.
- Average Price: $677,501, up 0.6% from last year.
- New Listings: 148, a 24.4% increase year-over-year.
Apartments/Condos
- Sales: 37 total – a 14% decline year-over-year
- Average Price: $455,014, down 5% year-over-year.
- New Listings: 120, a 12.1% increase compared to last year.
- Market Condition: A buyer’s market with 6.5 months of supply.
Looking Ahead: Regional Market Summary
As Hamilton’s real estate market continues to evolve, regional trends play a key role in shaping supply, demand, and pricing. In the next section, we’ll take a closer look at the regional breakdown, analyzing key areas highlighted in the Cornerstone report. Stay with us as we uncover local market shifts and what they mean for buyers, sellers, and investors moving forward.
Regional Summary: Hamilton Real Estate Market – January 2025
The Regional Summary provides a comprehensive view of the Hamilton real estate market in January 2025. According to the Cornerstone report, sales slowed across most of the Hamilton region, but certain areas—Dundas, Stoney Creek, and Glanbrook—performed above long-term trends, demonstrating stronger market activity.
Higher Months of Supply in Key Areas
Certain regions, including Hamilton Centre, Hamilton West, and Flamborough, reported higher months of supply, reflecting an increase in available inventory. However, as the year progresses, there remains potential for market shifts.
To gain deeper insights, we’ll now break down the key areas where market conditions varied significantly, focusing on sales, new listings, inventory, and pricing trends.
Regional Breakdown: Key Market Trends
While many areas saw a slowdown in sales, Dundas, Stoney Creek, and Glanbrook stood out with year-over-year growth. Below is a detailed breakdown of key real estate statistics for these regions:
Dundas
- Sales: 15 (+36.4% YoY)
- New Listings: 44 (+69.2% YoY)
- Inventory: 54 (+50% YoY)
- Average Price: $880,414 (-14.9% YoY)
Stoney Creek
- Sales: 67 (+17.5% YoY)
- New Listings: 146 (+33.9% YoY)
- Inventory: 225 (+9.2% YoY)
- Average Price: $818,405 (-10.4% YoY)
Glanbrook
- Sales: 26 (+18.2% YoY)
- New Listings: 49 (+4.3% YoY)
- Inventory: 87 (+24.3% YoY)
- Average Price: $776,910 (-4.2% YoY)
Coming Up Next: A Closer Look at Average Prices
While this concludes our regional summary, the next section will take a closer look at average home prices across different areas. By analyzing pricing trends on a map, we can provide a more detailed breakdown of each region’s market performance. Stay tuned for deeper insights into Hamilton’s evolving real estate landscape..
Average Residential Price by District: January 2025
Throughout this report, we’ve explored key real estate trends within the Hamilton housing market. The above map provides a visual representation of price trends, helping us better understand average residential property values across different neighborhoods and districts.
In this section, we’ll continue our focus on Dundas, Stoney Creek, and Glanbrook, breaking down their sub-areas and average home prices to provide deeper insights into local market conditions.
Dundas & Glanbrook: Price Trends
Since Dundas and Glanbrook each consist of one primary sub-area, we’ve combined them into a single analysis.
- Dundas (Sub-Area 41) – The average home price was $880,414, reflecting a 14.9% decline year-over-year.
- Glanbrook (Sub-Area 53) – The average home price stood at $776,910, a 4.2% decrease compared to the previous year.
Stoney Creek: Market Breakdown
Unlike other areas, Stoney Creek saw strong sales activity, with 67 total sales in January 2025. The average home price in this region was $818,405, reflecting a moderate 10.4% decline year-over-year. Below is a breakdown of home prices by sub-area:
- Sub-Area 50: $914,255 (+6% YoY)
- Sub-Area 51: $745,243 (-22% YoY)
- Sub-Area 52: $830,000 (+26% YoY)
What’s Next? Summary of Key Market Statistics
This concludes our in-depth analysis of average residential prices across Hamilton’s real estate market. In the next section, we’ll summarize the key statistics from the Cornerstone report and highlight how a sales representative from Judy Marsales Real Estate Brokerage can help turn your home buying or selling goals into reality.
Summary of Statistics for the Hamilton Real Estate Market Area
The Cornerstone Association of REALTORS® (Cornerstone) reported a decline in home sales, new listings, and inventory for January, keeping numbers below long-term trends. This slowdown was observed in most areas of the region, with the exception of Haldimand County, which showed a modest improvement compared to the previous year. Burlington, on the other hand, experienced a more pronounced drop in sales than Hamilton, underscoring the variations in local market conditions.
Despite the Bank of Canada's interest rate cuts, mortgage lending rates remained relatively stable, minimizing their influence on buyer demand. And it was reported that the regional benchmark price for January 2025 reached $819,500 – a 1% increase year-over-year.
“While we are seeing some short-term challenges in the market, the rise in inventory and the slight increase in benchmark prices reflect a market that remains adaptable, as we move further into 2025, we remain optimistic. Buyers and sellers are taking a more measured approach, but the strength of our housing market, particularly in areas like Haldimand County, shows there are opportunities in every corner of the region.” – Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area
Navigate the Real Estate Market: Contact a Sales Representative
Navigating the intricacies of the real estate market can be daunting, but our team of highly trained sales representatives and brokers are here to guide you through the process. They possess the expertise and dedication to understand your unique needs and preferences, ensuring that you find the perfect home tailored to your needs.
Our comprehensive report on the January 2025 Hamilton real estate market provided valuable insights to help you:
- Explore property prices
- Consider your next move in the Hamilton real estate market
- Provides a comprehensive analysis of January 2025 Hamilton real estate trends
For more expert advice and to assist you in your real estate journey, contact us today.
Do You Have More Questions?
We’re here to help! At Judy Marsales Real Estate Brokerage we’re committed to helping you navigate the Hamilton real estate market with confidence.
Let’s Stay Connected!
Don’t miss out on our market updates, new listings and more by following us on Facebook and Instagram. Where we do our best to stay up to date with the latest real estate trends and celebrate the vibrant Hamilton community.
Contact Our Offices: Three Locaitons in Hamilton
For personalized assistance, contact one of our offices:
Explore More Resources
- What’s My Home Worth? → Try out our free calculator a try and to get an accurate estimate of your home’s value based on the latest market conditions.
- Hamilton Real Estate Statistics → Take a deep dive into the January 2025 Hamilton Real Estate Report for a detailed analysis of the trends shaping our region.
Discover the difference working with Judy Marsales Real Estate Brokerage!
Thursday, January 9, 2025
Erin
Local Hamilton Market Statistics Real Estate Trends
Hamilton Real Estate Market Update: December 2024
The Cornerstone Association of REALTORS® (Cornerstone) has released its latest report, providing important insights into the Hamilton-Burlington real estate market. This report will provide a comprehensive analysis of the real estate market statistics for December 2024, offering buyers, sellers and investors valuable information. This report will have a strong focus on the Hamilton real estate market.
Important Highlights of the 2024 Real Estate Market
The report released by Cornerstone stated that in 2024 the higher interest rates and economic uncertainty weighed on the real estate market. Due to this, sales slowed during the spring and “nearly offset the improvements that occurred later in the year as interest rates eased. Sales in 2024 totaled 10,210, slightly above the levels seen in 2023 but 26 per cent below long-term trends.”
Sales and Inventory in 2024
Cornerstone reported that in the 2024 real estate market there were a total of 10,210 sales, as we mentioned above, of residential real estate. This was a decrease of 26 percent and lower than the long-term trends, but also similar to what we saw in 2023. It was reported that inventory levels saw gains in 2024 due to so many new listings available. With over 3,000 units recorded during the 2024 real estate market, “supply improved across all property types and most price ranges, including lower-priced products.”
The report also mentioned that a good amount of supply is something that we’ve seen since 2023 and has had an effect on home prices. However, the price adjustment needs to be considered as the declines over the last few years have been in relation to the pandemic high.
“Even with a nearly one per cent decline in 2024, on an annual basis, the average benchmark price is still consistent with levels seen in 2021 and nine per cent higher than the 2020 average annual benchmark price of $651,425.”
Looking Ahead: The Hamilton Real Estate Market
Join us as we dive deeper into the December 2024 Hamilton residential market, analysing sales trends, inventory levels, and property price movements. The goal of our report is to provide buyers, sellers and investors with actionable insights into the real estate market. When we understand past trends we can see opportunities and plan for the future.
Hamilton Residential Market Activity and Prices
It was reported that in 2024 the Hamilton real estate market saw sales levels comparable to the levels we saw last year. There were a total of 6,166 sales reported in 2024, which was the third consecutive year where sales have been below the long-term trends for the area.
Easing Sales and Inventory Gains
The easing sales were overall met with a gain in inventory, the rise in new listings compared to the sales caused there to be an improvement in inventory. This rise in supply then weighed on the price of residential properties. “However, the annual decline of nearly one per cent was far less than declines reported in 2023, and prices are still much higher than they were pre-pandemic.”
Inventory Levels: The total number of units reported in December 2024 saw an increase of 13.5 percent year-over-year with a total of 1,400 units.
Hamilton Real Estate Market Statistics: The Breakdown
- Sales: There were a reported 344 sales of residential properties within the Hamilton real estate market in December 2024. This was a 10.6 percent increase when compared to the same period last year.
- New Listings: In December there were a total of 344 new listings, this was a modest gain of 22.3 percent year-over-year.
- Average Price: The average price of a residential property in the Hamilton market was $772,705 – this was a very small increase of 2.3 percent year-over-year.
Real Estate Trends in December 2024
It’s clear that we can see there were modest increases in the average price of a residential property in the Hamilton real estate market. And with these decreases in inventory only being one percent less than what we saw in the previous year, prices remain higher than pre-pandemic levels. Coupled with the typical decrease in sales that we see this time of year.
Looking Ahead: Different Property Prices
Moving forward in our analysis of December 2024 real estate statistics, we’ll review the different property types within the Hamilton real estate market. This breakdown of the statistics for detached home, condominiums, semi detached homes and row houses, will help us have a clearer understanding of these nuances. And by understanding these nuances we can better assist buyers, sellers and investors in their real estate journey.
Property Type Comparison: Hamilton Real Estate Market in December 2024
Cornerstone reported that detached and row properties had the greatest number of sales reported for the majority of the area. However, there were gains in row property sales but this was not enough to offset the sales declines that were seen in other sectors.
In the apartment-style property sector, it was reported that there was a pullback in sales relative to the inventory levels. This caused the months of supply to average almost six months in 2024. “The excess supply drove almost four per cent annual price declines for apartment-style homes, the only sector to report a relatively significant decline.”
Key Insights: Property Type Statistics
By reviewing the above chart we can see a full list of each property type and their important key trends in December 2024. Now let’s look at the most significant statistics numbers below:
- Detached Properties: The average price was $854,803, this was a very slight increase of 5.0% year-over-year. This property type also had a slight increase in sales of 1.9%, the most compared to any other property type, with a total of 220 sales.
- Semi-Detached: This property type an increase in inventory year-over-year of 60.5% and a total of 61 units. When it came to new listings there was an increase of 76.9% and a total of 23. The average price was $650,681, a decline of -0.6%.
- Row-Homes: This property type had the smallest increase of only 1.0% and an average price of $683,269. Row properties had the second greatest increase in sales at 42.6% year-over-year with a total of 77 sales.
- Apartment-Style: This property type had the greatest increase in terms of sales with an increase of 55% and a total of 31. As mentioned above, apartment-style properties reported a pullback in sales relative to their inventory, which was a total of 239 and an increase of 28.5% compared to the previous year. The average price was $475,201, a small increase of 4.7%.
What’s Next? Regional Summary of Statistics for Hamilton
Now that we’ve had a review of the different property types in the Hamilton real estate market area, we can dive deeper into the region and find out how each area performed in December 2024. We’ll learn more about how sales, new listings and prices varied across the entire Hamilton region.
Regional Summary: Hamilton Real Estate Market in December 2024
The above chart, Regional Summary, offers us an overview of the entire Hamilton real estate market. Providing key information about each area in regards to sales, average prices, inventory, new listings and more.
Sales: Below Long-Term Trends
It was reported by Cornerstone that sales were below long-term trends across all regions within the Hamilton market. In the city of Hamilton there was an increase in sales in Hamilton East and Hamilton Mountain. This caused the months of supply to average below three months in those areas.
“While this is higher than last year, it is lower than the approximately four months reported in Hamilton Centre and Hamilton West. Meanwhile, activity outside the city improved across all areas except Stoney Creek and Glanbrook, which reported a modest decline in sales.”
Regional Breakdown of Key Areas: Sales, Listings, Prices and Inventory
Let’s take a closer look at Hamilton East and Hamilton Mountain, since these are the two areas mentioned in the Cornerstone report that had the most significant sales. Below we have broken down the key statistics for these areas.
Hamilton East:
- Sales: 33 (-10.8% YoY)
- New Listings: 45 (+51.2% YoY)
- Inventory: 136 (+9.7% YoY)
- Average Price: $600,033 (-5.1% YoY)
Hamilton Mountain:
- Sales: 89 (+21.9% YoY)
- New Listings: 88 (+29.4% YoY)
- Inventory: 285 (+39.7% YoY)
- Average Price: $712,540 (+0.5% YoY)
Summary of Regional Trends
Hamilton Mountain continues to be the region with the greatest number of sales, new listings and inventory. Hamilton East contributed with this pickup in sales in December 2024, while Hamilton Centre and Hamilton West remained lower than four months in terms of sales. Areas such as Stoney Creek and Glanbrook saw a modest decline in sales as other areas saw improvements.
Up Next: Dive Deeper into Average Prices
In the next section of this report we’ll take a closer look at the average prices within the Hamilton real estate market. The focus in this section is on Hamilton Mountain and Hamilton East, their sub areas will help us get a better understanding of the average prices.
Average Residential Price by District
In this report we have been gaining information and digesting real estate statistics within the Hamilton real estate area. The above map allows us to dive deeper and gain more knowledge about the average price of a residential property.
Our focus in the report has been Hamilton East and Hamilton Mountain, we'll continue that focus in this section. Below is a breakdown of both of these regions and their respective sub areas average prices.
Hamilton East
In Hamilton East there were a total of 33 sales of residential properties and an average price of $600,033. The average price of a residential property in this area saw a decline of 5.1 percent year-over-year. The sub areas that comprise Hamilton East are; 23, 24, 27 and 28.
- Area 23 → $561,215 (+8%)
- Area 24 → $557,900 (-13%
- Area 27 → $564,933 (-20%)
- Area 28 → $668,417 (+2%)
We can see that two areas saw a decrease in their average price and two had slight increases in December 2024.
Hamilton Mountain
Hamilton Mountain reported the greatest number of sales, this remains very typical of this area no matter the time of year. In December there were a total of 89 sales and an average price of $712,540. This area comprises the sub areas; 15, 16, 17, 18, 25 and 26. See the breakdown below.
- Area 15 → $696,167 (-11%)
- Area 16 → $714,000 (-4%)
- Area 17 → $639,285 (0%)
- Area 18 → $796,250 (+4%)
- Area 25 → $661,100 (-1%)
- Area 26 → $743,790 (+25%)
We can see there were very small declines in prices in areas such as 15, 16 and 25 and other areas had slight increases. This was great news for sellers as they got to take advantage of a price increase.
Summary of Price Trends
Keeping focus with the two real estate regions in this section we can see that there were some increases in the average price, but overall there were more decreases. These decreases however, were very small.
Looking Ahead: Get in Contact with Judy Marsales Real Estate Brokerage
This concludes our analysis of the December 2024 Hamilton real estate statistics, highlighting pricing trends and key insights across districts. In the last few sections of this report we’ll summarize our findings and help you get in touch with a sales representative at Judy Marsales Real Estate Brokerage.
Summary of Statistics for the Hamilton Real Estate Market Area
The Cornerstone Association of REALTORS® (Cornerstone), reported the higher interest rates and economic uncertainty weighed on the real estate market in 2024. The result was that sales slowed during the spring and almost offset improvement later in the year as the interest rates eased.
“As interest rates have begun to trend downward, some homebuyers are taking advantage of the opportunity to enter the market while there is still a good selection of homes available. Although the pace of return has been gradual, the improving rates have sparked renewed interest, and many potential purchasers are starting to feel more confident in making their move,” – Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area.
Key 2024 Real Estate Statistics: Hamilton-Burlington Market
It’s also important to note that there were a total of 10,210 residential sales, 26 percent lower than the long-term trends but also similar to what we saw in 2023. There were also inventory levels that saw gains in 2024 and the annual benchmark price was $651,425 – nine per cent higher than the 2020 average annually.
Navigate the Market: Contact a Sales Representative
Navigating the real estate market can be challenging, that’s where our professional and highly trained sales representatives and brokers come in. They’ll work with you to find the right home that fits your needs.
Our comprehensive report on the December 2024 Hamilton real estate market was able to help you:
- Explore property prices
- Consider your next move in the real estate market
- Have a deeper understanding of the different property types available
For more expert advice and to assist you in your real estate journey, contact us today.
We Know You Might Have Questions!
If you’re feeling overwhelmed and need some help understanding the market we’re here to help. At Judy Marsales Real Estate Brokerage we’re committed to helping you navigate the Hamilton real estate market with confidence.
Stay Connected for Real Estate Insights
Let’s make sure we stay connected, you can follow us on Facebook and Instagram. Where we do our best to stay up to date with the latest real estate trends and celebrate the vibrant Hamilton community.
Contact Our Offices
For personalized assistance, contact one of our offices:
Explore More Tools and Resources
- What’s My Home Worth? → Give our free calculator a try and to get an accurate estimate of your home’s value based on the latest market conditions.
- Hamilton Real Estate Statistics → Dive deeper into the December 2024 Hamilton Real Estate Report for a comprehensive analysis of the trends shaping our region.
Discover the difference working with Judy Marsales Real Estate Brokerage!
Thursday, December 12, 2024
Erin
Local Hamilton Market Statistics Real Estate Trends
Hamilton-Burlington Real Estate Market Update: November 2024
The Cornerstone Association of REALTORS® (Cornerstone) has released its latest report, providing valuable insights into the Hamilton-Burlington real estate market. This comprehensive analysis highlights key real estate trends in November 2024, offering essential information for home buyers, sellers, and real estate investors looking to navigate the current market with confidence.
Key Highlights of the November 2024 Real Estate Market
According to the report, the market experienced a seasonal slowdown, with declines in sales, new listings, and inventory levels compared to October. This aligns with typical seasonal trends. However, there was a noteworthy year-over-year increase in sales across all regions, with Haldimand County standing out as the only area to surpass long-term sales trends.
Benchmark Price Insights and Listing Trends
- The unadjusted benchmark price in November 2024 was $818,000, maintaining stability compared to October and showing an almost 2% increase from the same time last year.
- While prices last year experienced steeper declines, this year's trends indicate a more balanced market. Year-to-date prices are less than 1% lower than 2023 levels, suggesting greater market resilience.
- New listings saw a decline compared to both the previous month and November 2023. Despite fewer listings, the supply remains steady, with four months of inventory—a higher level than in recent years.
Looking Ahead: Hamilton Residential Market Focus
In the following sections, we’ll dive deeper into the Hamilton residential market, examining sales trends, inventory levels, and property price movements. Our goal is to provide actionable insights to help buyers and sellers make informed decisions. By understanding past trends, market participants can identify opportunities and plan for future market conditions.
Hamilton Residential Market Activity and Prices
The Hamilton real estate market showed a typical seasonal slowdown in November 2024, with downward trends in new listings, sales, inventory, and prices. However, there were notable patterns that offer valuable insights for buyers, sellers, and investors alike.
Sales Activity and Long-Term Trends
Sales in November marked the third consecutive month of increases compared to earlier in the year. However, the 460 recorded sales were still 30 percent below long-term trends. While this indicates a slower market overall, it aligns with typical seasonal behavior as activity moderates toward year-end.
Inventory Levels and Benchmark Prices
- Inventory Levels: November 2024 recorded the highest inventory for this time of year since 2011, with 1,998 units available. Elevated inventory helped sustain a months-of-supply rate of over four months, signaling a more balanced market.
- Benchmark Price: The unadjusted benchmark price was $763,400, a slight dip compared to October but 2% higher than November 2023. Year-to-date, benchmark prices are down by nearly 1% compared to last year, reflecting a softening market.
New Listings, Sales, and Residential Prices in Detail
- New Listings: Increased by 7.7% year-over-year, with 460 new properties hitting the market in November.
- Sales: November sales totaled 849 units, a modest 7.6% decrease from the same month last year.
- Average Residential Price: Saw a year-over-year increase of 3.3%, reaching $787,348, reflecting resilience despite seasonal adjustments.
Key Market Insights: Hamilton Real Estate Trends
The Hamilton real estate market is showing mixed signals, with some metrics experiencing slight increases while others align with typical seasonal trends:
- Inventory levels posted the most significant rise at 16.4%, reflecting 1,998 available units.
- Sales, new listings, and average residential prices are consistent with expected seasonal fluctuations, showing a market that remains steady despite broader challenges.
Looking Ahead: Property-Specific Trends
As we move forward in this report, we’ll explore the performance of different property types, examining sales, new listings, and price trends in more detail. By breaking down statistics for detached homes, condominiums, and other property types, we aim to provide a clearer picture of the Hamilton real estate market. Understanding these nuances can help buyers and sellers make informed decisions as they navigate their next steps.
Property Type Comparison: Hamilton Real Estate in November 2024
A closer look at Hamilton’s real estate market reveals key trends across different property types, offering deeper insights into the overall market dynamics. By examining detached homes, semi-detached homes, row-style homes, and apartment condominiums, we can uncover opportunities and patterns unique to each category.
Row-Style Homes Lead Sales Growth
According to the Cornerstone Association of REALTORS®, row-style homes reported the most significant sales gains in November 2024, contributing to a year-to-date sales increase of 2%. While sales improved across most property types, rising inventory levels kept the months of supply elevated. This balance has moderated price growth, but all major property types experienced benchmark price increases compared to last year:
- Detached and semi-detached homes reported over 3% price gains.
- Row-style homes showed more modest price increases, reflecting a more stable segment of the market.
Key Statistics by Property Type: November 2024
Here’s a breakdown of sales, prices, inventory, and listings for each property type:
Detached:
- Median Price → $787,500 (+5%)
- Benchmark Price → $827,100 (+3%)
- Average Price → $882,004 (+4.1%)
- New Listings → 545 (-10.4%)
- Inventory → 1,235 (+6.8%)
- Sales → 294 (+6.1%)
Semi-Detached:
- Median Price → $637,000 (+2.1%)
- Benchmark Price → $732,500 (+4%)
- Average Price → $663,786 (+5.6%)
- New Listings → 37 (+2.8%)
- Inventory → 83 (+45.6%)
- Sales → 21 (-8.7%)
Row:
- Median Price → $685,000 (-0.7%)
- Benchmark Price → $641,800 (+1%)
- Average Price → $693,939 (+2.7%)
- New Listings → 164 (-3.0%)
- Inventory → 345 (+35.3%)
- Sales → 94 (+25.3%)
Apartment:
- Median Price → $442,450 (+3.8%)
- Benchmark Price → $459,400 (-5%)
- Average Price → $472,626 (-1.2%)
- New Listings → 96 (-4.0%)
- Inventory → 322 (+34.7%)
- Sales → 50 (+4.2%)
Note: The percentages indicate year-over-year changes, comparing November 2024 with the same period in 2023. Positive percentages indicate an increase, while negative ones reflect a decrease.
Market Trends and Key Observations
- Apartments experienced the steepest price decline, with a benchmark price 5% lower than last year. They also had the highest months-of-supply levels in 2024, indicating slower market absorption.
- Detached homes maintained strong price growth, with increases across median, benchmark, and average prices.
- Row-style homes saw the highest year-over-year sales growth (+25.3%), reflecting their appeal among buyers seeking affordability and space.
What’s Next? Regional Insights on Hamilton Real Estate
This concludes our analysis of property type-specific trends in November 2024. In the next section, we’ll focus on the Regional Summary, diving into detailed statistics for Hamilton. Learn more about how sales, prices, and new listings vary across different neighbourhoods and regions, offering insights for buyers and sellers seeking location-specific opportunities.
Regional Summary: Hamilton Real Estate Market in November 2024
The Hamilton Regional Summary offers a detailed breakdown of sales, new listings, inventory, and average prices across key areas. By analyzing each region, we gain insights into how Hamilton’s real estate market is performing and evolving. Let’s explore the highlights for Hamilton Centre, Flamborough, Dundas, and Stoney Creek to better understand the trends shaping the market in November 2024.
Year-Over-Year Sales Growth: Key Insights
Sales growth in Hamilton’s real estate market varied significantly across regions in November. While many areas reported stronger year-over-year sales, others like Hamilton Centre, Flamborough, and Dundas saw a slowdown. Notably, Hamilton Centre continues to face challenges, with months of supply exceeding five months, second only to Stoney Creek.
Regional Breakdown: Sales, Listings, Prices, and Inventory
Hamilton Centre
Despite challenges, Hamilton Centre showed slight improvements in inventory and average price year-over-year.
- New Listings: 137 (+17.1% YoY)
- Sales: 57 (-19.7% YoY)
- Inventory: 308 (+25.7% YoY)
- Average Price: $525,044 (+4.8% YoY)
While sales decreased, the region experienced significant inventory growth, suggesting better availability for buyers moving forward.
Flamborough
Known for its premium properties, Flamborough continued to lead with the highest average residential price despite declines in other areas.
- New Listings: 31 (-41.5% YoY)
- Sales: 14 (-17.6% YoY)
- Inventory: 135 (+15.4% YoY)
- Average Price: $1,169,071 (-21.6% YoY)
The drop in new listings and sales reflects broader market cooling, but inventory growth may indicate opportunities for buyers.
Dundas
Demand remains strong in this sought-after area, as inventory levels saw a significant increase.
- New Listings: 27 (-12.9% YoY)
- Sales: 17 (-22.7% YoY)
- Inventory: 76 (+38.2% YoY)
- Average Price: $849,588 (-7.8% YoY)
While average prices dipped slightly, rising inventory may provide better options for buyers seeking properties in Dundas.
Stoney Creek
Among the regions, Stoney Creek showed resilience with positive sales growth and a notable price increase.
- New Listings: 129 (-21.8% YoY)
- Sales: 59 (+3.5% YoY)
- Inventory: 330 (+0.9% YoY)
- Average Price: $856,549 (+15.0% YoY)
The region maintained steady inventory and achieved year-over-year price growth, making it a standout area in Hamilton’s real estate market.
Summary of Regional Trends
The November 2024 Hamilton real estate market exhibited mixed trends across its districts:
- Hamilton Centre saw the largest pullback in sales, though inventory rose significantly, offering new opportunities for buyers.
- Flamborough maintained its status as a high-value market despite declines in sales and average price.
- Dundas experienced steady demand, with rising inventory levels reflecting strong buyer interest.
- Stoney Creek stood out with positive sales growth and significant price appreciation, demonstrating resilience amidst broader market challenges.
What’s Next? Exploring Average Property Prices Across Hamilton
With these regional insights in mind, our next section delves into average property prices across Hamilton’s districts, providing a closer look at how pricing trends vary and what they mean for buyers and sellers.
Average Residential Price by District
The Average Residential Price by District map provides a detailed look at the Hamilton real estate market, breaking it down into sub-areas for a comprehensive understanding of residential property prices in November 2024. By examining Hamilton Centre, Stoney Creek, Flamborough, and Dundas, we gain deeper insights into pricing trends and regional dynamics.
Hamilton Centre: Mixed Price Trends Across Sub-Areas
In Hamilton Centre, there were 57 sales in November 2024, a year-over-year decrease of 19.7 percent. Despite this, the average residential price rose by 4.8 percent, reaching $525,044. Sub-areas within Hamilton Centre showed a majority of increases with one decrease:
- Area 13 → $493,286 (-16%)
- Area 14 → $583,400 (+17%)
- Area 20 → $504,726 (0%)
- Area 21 → $475,143 (+12%)
- Area 22 → $697,817 (+17%)
While some sub-areas like Area 13 saw declines, others, such as Area 14 and Area 22, reported significant price gains, reflecting the diverse appeal of Hamilton Centre.
Stoney Creek: Consistent Growth
Stoney Creek stood out for its average residential price of $856,549, a 15 percent increase year-over-year. This region, along with Hamilton Centre, reported months of supply exceeding five months, indicating a more balanced market. Sub-area pricing showed a strong upward trend:
- Area 50 → $815,550 (+4%)
- Area 51 → $898,962 (+27%)
- Area 52 → Data unavailable at the time of this report.
The price growth in Area 51 underscores the strong demand for properties in Stoney Creek.
Flamborough and Dundas: High-Value Markets
Flamborough
Known for its high property values, Flamborough maintained the highest average residential price at $1,169,071, despite a 21.6 percent decrease year-over-year. This region comprises sub-areas 40, 43, 44, and 45, with a single average price reported.
Dundas
The average price in Dundas was $849,588, reflecting a modest decline of 7.8 percent year-over-year. This sought-after region consists of sub-area 41, where rising inventory continues to indicate strong buyer interest.
Summary of Residential Pricing Trends
In November 2024, the Hamilton real estate market exhibited diverse pricing trends:
- Hamilton Centre showed modest overall price growth, with some sub-areas experiencing significant gains.
- Stoney Creek saw consistent year-over-year price increases, particularly in Area 51.
- Flamborough retained its status as the leader in average residential prices, even with a notable decline.
- Dundas remained a high-value area with relatively stable prices and growing inventory.
While increases and decreases were observed across regions, the shifts were largely moderate, showcasing a steady market in the face of seasonal trends.
What’s Next? Contact a Real Estate Expert
This concludes our analysis of November 2024 Hamilton real estate statistics, highlighting pricing trends and key insights across districts. For personalized advice or to explore current opportunities in the market, connect with a trusted sales representative at Judy Marsales Real Estate Brokerage.
Summary of Statistics for the Hamilton Real Estate Market Area
The Cornerstone Association of REALTORS® (Cornerstone), reported seasonal declines in sales, new listings, and inventory levels across the entire Cornerstone real estate area in November 2024. These trends are typical for this time of year, but the report also noted a modest year-over-year sales increase, indicating resilience in the market.
Market Outlook: 2025 Expectations
According to Nicolas von Bredow, spokesperson for the Hamilton-Burlington real estate market, recent policy changes and interest rate cuts are expected to incentivize buyers as we head into 2025:
“Many potential purchasers defer purchasing decisions this time of year until the new year. With recent interest rate cuts, we expect buyers will be incentivized to enter the market in 2025. The recent easing of mortgage restrictions and Bank of Canada cuts are making purchasing more attainable for hopeful buyers.”
Ready to Navigate the Market? Let Judy Marsales Real Estate Brokerage Help
This November 2024 market report provided valuable insights into trends shaping the Hamilton real estate market. Whether you're:
- Exploring property values
- Planning to buy your first home
- Considering your next real estate investment
Our team is here to guide you with expert advice tailored to your needs.
Have Questions? Reach Out Today
If you have any questions about the market or want to explore how our services can support your goals, don’t hesitate to contact us. At Judy Marsales Real Estate Brokerage, we’re committed to helping you navigate the Hamilton real estate market with confidence.
Stay Connected for Real Estate Insights
Follow us on Facebook and Instagram to stay updated on the latest:
- Market trends
- New listings
Join our online community to stay ahead in the Hamilton real estate market.
Contact Our Offices
For personalized assistance, contact one of our offices:
Explore More Tools and Resources
- What’s My Home Worth? → Use our free calculator to get an accurate estimate of your home’s value based on the latest market conditions.
- Hamilton Real Estate Statistics → Dive deeper into the November 2024 Hamilton Real Estate Report for a comprehensive analysis of the trends shaping our region.
At Judy Marsales Real Estate Brokerage, we’re dedicated to equipping you with the knowledge and resources you need to make informed real estate decisions.