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.
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- 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.
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