
Hamilton – Burlington Real Estate Market Statistics for September 2024
The Cornerstone Association of REALTORS® (Cornerstone) has released its September 2024 real estate market statistics, providing a comprehensive look at the latest trends and developments in the region. This report covers the entire Cornerstone area, with a special emphasis on the Hamilton real estate market, offering valuable insights for buyers, sellers, and investors alike.
According to the report, Hamilton-Burlington saw an increase in total sales in September 2024 compared to the same period last year. However, despite this uptick, the broader long-term trends continue to show weaker performance. Year-to-date, sales have decreased by four percent compared to 2023, and they are 28 percent lower than the historical average for the area.
The report also highlighted an increase in new listings and overall inventory levels. As a result, the months of supply remained stable at around five months, contributing to ongoing buyer’s market conditions. This balanced market has also played a role in stabilizing residential property prices.
“In September, the unadjusted benchmark price was $831,500, down over last month and over two per cent lower than levels reported in the previous year. Prices have been trending down over the past four months and have offset the gains reported earlier this year, leaving the average year-to-date benchmark price one per cent below 2023 levels. So far this year, benchmark prices have eased across all property types, but the most significant adjustment has occurred for apartment-style homes.” – Cornerstone
The next section of the report will focus on a detailed analysis of Hamilton's Residential Activity and Prices. This data will provide an even clearer picture of the local real estate market as it stood in September 2024, helping buyers and sellers navigate the evolving market landscape.
Hamilton Residential Activity and Prices

The Residential Activity and Prices chart for September 2024 highlights several key trends in the Hamilton real estate market. According to the Cornerstone Association of REALTORS® (Cornerstone), 459 residential homes were sold in Hamilton during September, representing a 17.3 percent increase compared to the same period last year.
New Listings and Inventory Growth
The market also saw a surge in new listings, with 1,471 new homes listed for sale — a 14.3 percent increase year-over-year. This boost in supply contributed to a significant rise in inventory levels, which grew by 38.7 percent, totaling 2,471 units. As a result, the months of supply reached 5.4 months, up 18.2 percent from the previous year. These statistics reflect a more balanced market, offering more options for buyers while giving sellers insight into current competition.
Average Prices and Market Insights
In September, the average price of a residential property in Hamilton was $816,579, marking a 4.7 percent increase year-over-year. However, while the average price saw growth, market conditions indicate a stabilization in home prices due to the growing inventory.
As Cornerstone reported, "Higher supply levels compared to sales continued to weigh on home prices this month, although the pace of declines is showing signs of easing. In September, the unadjusted benchmark price was $774,000, slightly lower than last month and over 2% lower than 2023 levels."
These figures offer valuable insights into the market, helping both buyers and sellers make more informed decisions as they navigate the evolving Hamilton real estate market. With a thorough understanding of Hamilton's residential activity and pricing, the next section of this report will delve into a comparison of property types, analyzing their performance during September 2024.
Property Type Comparison for September 2024

This section of the report provides a detailed comparison of different property types in the Hamilton real estate market, focusing on sales trends, new listings, average prices, and inventory levels. The Property Type Comparison chart above visually breaks down how each property type performed in September 2024, giving you a clear snapshot of market dynamics.
Sales Growth Driven by Detached and Row Homes
According to the Cornerstone Association of REALTORS® (Cornerstone), sales growth in September was primarily fueled by improvements in the detached and row home sectors. Additionally, there was an increase in new listings for detached homes, row houses, and apartment-style properties. However, the most significant gains in new listings were seen in the apartment-style property category.
Benchmark Prices and Sales by Property Type
Below is a summary list that outlines key statistics for each property type in September 2024:
Detached
- Benchmark Price → $838,300 (-1%)
- Average Price → $911,410 (+5.8%)
- New Listings → 990 (+12.9%)
- Sales → 307 (+18.5%)
Semi-Detached
- Benchmark Price → $741,300 (-2%)
- Average Price → $678,917 (+10.8%)
- New Listings → 62 (-3.1%)
- Sales → 18 (-28.0%)
Row
- Benchmark Price → $658,900 (-2%)
- Average Price → $666,675 (-6.7%)
- New Listings → 251 (+13.1%)
- Sales → 97 (+56.5%)
Apartment
- Benchmark Price → $462,800 (-6%)
- Average Price → $489,711 (-2.8%)
- New Listings → 178 (+29.9%)
- Sales → 37 (-11.9%)
Take note of the percentages provided alongside each statistic, which indicate whether there was an increase or decrease compared to the same period in 2023. As Cornerstone pointed out, "Overall, higher supply levels compared to sales continue to put downward pressure on home prices across all property types. Year-over-year price declines ranged from just over 1 percent in the detached home sector to over 6 percent in the apartment condominium sector, with apartment-style homes facing the most significant levels of over-supply."
This concludes the Property Type Comparison section of the report. In the next section, we’ll dive into the Regional Summary for the Hamilton real estate market, offering insights into average prices, number of sales, and more. We’ll also focus on the regions that had the greatest impact on the market in September 2024.
Regional Summary for the Hamilton Real Estate Market Area

The Regional Summary chart provides a thorough analysis of various areas within the Hamilton real estate market. This in-depth breakdown, compiled by the Cornerstone Association of REALTORS® (Cornerstone), reveals important trends across different neighbourhoods. Let’s dive into the key findings for September 2024.
Sales Growth Across Multiple Regions
Cornerstone reported improvements in the number of sales across most regions within Hamilton. Notably, Hamilton East, Flamborough, Dundas, and Ancaster were the only areas that experienced year-to-date sales growth. The following sections provide a detailed breakdown of these areas, highlighting the significant trends that shaped their market performance. Additionally, new listings saw improvements across nearly all areas, which contributed to a lower sales-to-new-listings ratio and increased inventory levels throughout the market.
Hamilton East
In Hamilton East, there were 60 sales in September 2024, a 25 percent increase from the previous year. This region also saw 160 new listings, reflecting a 24 percent increase year-over-year. Hamilton East was one of the few areas to report growth in year-to-date sales. The average price of a residential property in this region was $606,358, a modest 1.2 percent increase year-over-year. Inventory levels surged by 64.5 percent compared to the previous year, further balancing the market for buyers.
Flamborough
Flamborough reported the highest average residential property price at $1,343,778, reflecting a significant 50 percent increase from the same period last year. This sharp rise in the average price highlights Flamborough's standout performance within the region. The area saw 18 sales, an 28.6 percent increase year-over-year. The number of new listings also rose, with 70 listings, representing a 34.6 percent increase. Inventory experienced substantial growth as well, up 41.1 percent to 158 units, reflecting the broader trend of increasing supply across the market.
Dundas
In Dundas, there were 18 sales, a 5.9 percent increase from the previous year. Dundas was one of the few areas to report year-to-date sales growth, making it a standout in the report. The average price of a residential property in Dundas saw a slight decline of 7.9 percent, bringing the average to $1,001,822. The number of new listings increased by 26.8 percent with a total of 52 listings, and inventory also grew significantly, up 70.2 percent to 80 units in September 2024.
Ancaster
The real estate market in Ancaster reported 41 sales in September, a substantial 57.7 percent increase compared to the same period last year. Ancaster's strong performance contributed notably to the overall year-to-date growth in sales. The number of new listings was 133, marking a 7.3 percent increase year-over-year. Inventory rose as well, with 228 units, reflecting a 16.3 percent increase from the previous year. The average price of a residential property in Ancaster decreased slightly by 7.5 percent, making the average home price $999,168.
Summary of Regional Trends
"Sales activity improved across most locations within the Hamilton region, but the only areas to report year-to-date sales growth were Hamilton East, Flamborough, Dundas, and Ancaster. Meanwhile, new listings improved across nearly every district compared to last year, keeping sales-to-new listings ratios low in every area and driving year-over-year inventory gains." – Cornerstone
This section of the report highlights the regions that saw the most significant year-to-date sales growth in September 2024. Each area provided unique insights into the local real estate market, reflecting both opportunities and challenges for buyers and sellers.
In the next section, we will explore the Average Residential Price by District using the map below, offering an even closer look at how different areas of the Hamilton real estate market performed.
Average Residential Price by District

The Average Residential Price by District map offers a deeper dive into the Hamilton real estate market, allowing for a closer look at property prices across various sub-areas. Building on our earlier analysis of Hamilton East, Flamborough, Dundas, and Ancaster, this section continues to explore these regions in greater depth, providing a clear snapshot of property values and year-over-year price changes.
The map is divided into sub-areas, each representing different sections of the Hamilton real estate market. Below, we’ve broken down the average residential prices for the areas discussed in the previous sections. Pay close attention to the percentage changes next to each price, which indicate the year-over-year increase or decrease.
Hamilton East
In Hamilton East, the average residential property price in September 2024 was $606,358, marking a 1.2 percent increase compared to the previous year. The area saw a total of 160 new listings and 60 sales. Hamilton East is further divided into sub-areas, and their average prices are listed below, along with their respective year-over-year percentage changes.
- Area 23 → $517,104 (-7%)
- Area 24 → $592,167 (-13%)
- Area 27 → $619,769 (-10%)
- Area 28 → $717,828 (+27%)
Flamborough, Dundas, and Ancaster
The regions of Flamborough, Dundas, and Ancaster each have a single average price, despite being divided into sub-areas. Dundas and Ancaster consist of one sub-area each (areas 41 and 42, respectively), while Flamborough includes multiple sub-areas (areas 40, 43, 44, and 45). However, the map shows a single average price for each of these regions. Below are the average residential prices for these areas, along with the corresponding year-over-year percentage changes.
- Flamborough → $1,343,778 (+50%)
- Dundas → $1,001,822 (-7.9%)
- Ancaster → $999,168 (-7.5%)
This concludes our analysis of the Average Residential Price by District. You can refer to the map for a closer look at specific areas you’re interested in. If you find the information overwhelming or need personalized guidance, we encourage you to reach out to a sales representative at Judy Marsales Real Estate Brokerage for expert advice and assistance.
Next, we’ll move on to the Summary of Statistics for the Hamilton Real Estate Market, where we’ll provide a comprehensive overview of key market metrics, including sales, listings, and pricing trends for September 2024.
Summary of Statistics For the Hamilton Real Estate Market
The Hamilton-Burlington real estate market saw a notable increase in sales compared to the previous year. However, long-term trends for September 2024 still reflected lower-than-average performance, unable to fully offset the earlier slowdown seen throughout the year. According to the Cornerstone Association of REALTORS® (Cornerstone), year-to-date sales have decreased by four percent, while sales remained 28 percent below long-term trends.
Market Trends and Buyer Optimism
As reported by Cornerstone, "Further rate cuts, recent price declines, and improving supply choices helped bring more buyers back to the market this month." While these changes have not yet caused a drastic market shift, there are signs of a potential trend reversal. Buyer optimism is on the rise, and as interest rates continue to drop, this momentum is expected to build.
"Buyer optimism is returning and will likely increase as interest rates continue to decrease,” said Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area.
Ready to Take the Next Step?
If you’d like to learn more about these market trends or are considering taking the next step toward homeownership, we encourage you to reach out to a sales representative at Judy Marsales Real Estate Brokerage. Whether you're buying your first home or searching for your next property, our sales representatives are here to guide you every step of the way.
Contact a Sales Representative at Judy Marsales Real Estate Brokerage
This comprehensive real estate report provided valuable insights into the September 2024 market trends for the Hamilton and the entire Cornerstone real estate market areas. Whether you're looking to understand local property values, buy your first home, or find your next home, we hope this report serves as an essential resource for navigating the current real estate landscape with confidence.
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