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.”
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