
Hamilton Real Estate Statistics for April 2023
The REALTORS® Association of Hamilton-Burlington (RAHB), released their April 2023 real estate statistics in a detailed report. According to RAHB, there were a total of 1,102 sales of residential properties within the entire RAHB real estate market area. There were a total of 1,566 new listings in April 2023.
“This marks the first time since early 2022 that the sales-to-new listings ratio pushed above 70 per cent. The increase in sales placed a strain on the pace of inventory growth, causing supply levels to trend down compared to earlier in the year.”
In this blog post, we’ll review the real estate statistics as they relate to Hamilton real estate market and surrounding areas for April 2023. You’ll notice that there are various charts and graphs that illustrate the real estate trends and see how they compared year-over-year. These help us to better understand the real estate statistics.
Hamilton Real Estate Statistics

It was reported by RAHB that there were a total of 644 sales of residential properties within the Hamilton real estate market. That makes this an 18.2 per cent decrease when compared to the previous year. There was also a decrease in the number of new listings with a total of 930 reported in April 2023, with a 36.6 per cent decrease.
The sales-to-new listing ratio had an increase of 69 per cent which in turn helped to keep the inventory levels stable, there were a total of 1,022 units in April 2023. However, inventory remained 20 per cent lower than what we would usually expect in April. RAHB reported that the average price of a residential property was $806,809, this was a decrease of 14.3 per cent year-over-year.
“In April the unadjusted benchmark price reached $803,000, which is a significant improvement over January when the benchmark price sat at $754,000. While prices are nearly 16 per cent lower than the high levels seen last year, they are still much higher than pre-pandemic prices.”
Regional Summary for April 2023

The above chart, Regional Summary, allows us to see what each area within the Hamilton real estate market is doing. We’re able to see how many sales were recorded, the average price of a residential property was and how many new listings there were. The chart also allows us to see whether these numbers have increased or decreased and compare them to the previous year.
The area that had the greatest number of sales was Hamilton Mountain, with a total of 152 sales. This was a decrease of only 16.9 per cent compared to the previous year. There were a total of 195 new listings, which was a decrease of 44.3 per cent compared to the same time last year. When it came to the average price of a residential property, it was reported that it was $782,286 in April 2023. This was a decrease of 11.4 per cent compared to the previous year.
Stoney Creek reported the second highest number of residential property sales in April 2023, with a total of 96. This was a decrease of 22 per cent compared to the previous year. There were a total of 134 new listings in this area, which was a decline of 53.6 per cent year-over-year. The average price of a residential property in Stoney Creek was reported to have been $822,416, only a 20.8 per cent decrease compared to the same period last year.
The final area that we’ll review is Hamilton Centre, with the third greatest number of residential property sales, a reported 81 sales. This was a 29.6 per cent decrease when compared to the same period last year. There were also a reported 138 new listings in April 2023, this was a decrease of 31.3 per cent compared the previous year. The Hamilton Centre had an average residential property sale price of $566,988, only a 15.3 per cent decrease compared to the same period last year.
“Sales activity improved compared to last year in the areas of Ancaster and Glanbrook. Interestingly, Glanbrook is the only area that has seen sales rise above long-term trends and has not seen the same pullback in new listings. Hamilton Mountain is the only area that has seen conditions not only tighten from earlier in the year, but from levels reported last year.”
Average Residential Price by District

The above map, Average Residential Price by District, illustrates the different areas within the Hamilton real estate market. We’re able to see what each sub area's average price was for a residential property. Then we’re able to compare that price year-over-year and see whether it’s had an increase or decrease. Let’s take a look at the areas that reported the greatest number of sales and get a closer look at what the average price was for a property.
Hamilton Mountain reported the greatest number of sales of residential properties, with a total of 152 sales. This was a decrease of only 16.9 per cent compared to the previous year. The average price of a residential property in this area was $782,286, this was a decrease of 11.4 per cent compared to the same period last year. Now let’s take a look at the sub areas (15, 16, 17, 18, 25, 26) and see if they had decreases or increases in their average residential sales price.
15 → $796,646, -20%
16 → $807,532, 0%
17 → $716,344, -11%
18 → $891,201, -6%
25 → $727,908 -17%
26 → $691,180 -21%
Stoney Creek was the area that reported the second highest number of sales in April 2023. This area had a total of 96 sales of residential properties, this was a 22.6 per cent decrease compared to the previous year. The average price of a residential property in Stoney Creek was $822,410, this was a 20.8 per cent decrease compared to the previous year. Let’s now take a closer look at the sub (50, 51, 52) areas that make up Stoney Creek and see whether they increased or decreased when it came to the average sale price.
50 → $850,407, -16%
51 → $773,116, -26%
52 → $1,949,900 +58%
The last area we’ll review is Hamilton Centre, which had the third highest number of residential property sales. It as reported that Hamilton Centre had a total of 81 sales and an average residential property price of $566,988, which was a decrease of 15.3 per cent compared to the same time last year. We can now take a look at the sub areas (13, 14, 20, 21, 22) and see what their average sales price was and whether they saw an increase or decrease.
13 → $607,000, -9%
14 → $510,104, -21%
20 → $597,500, -8%
21 → $456,000, -16%
22 → $727,908, -17%
There are many other sub areas that you can take a look at on this map, maybe you’ll even find your nieghbourbood! It’s always interesting to see how the numbers have changed and then compare them to the previous year. Next we’ll review our final chart, Property Type Comparison to see how each different property did in April 2023.
Property Type Comparison

In our final chart, Property Type Comparison, we’ll review each property type and compare their average sale price, new listings and property sales total to the previous year. These statistics are compared to April 2022.
According to the REALTORS® Association of Hamilton-Burlington (RAHB), there were a total of 408 sales of detached homes in April 2023. This was a decrease of 28 per cent compared to the same period last year. The average sale price of this type of property was $901,044, which was a decrease of 13 per cent compared to the previous year. It was also reported that there were a total of 605 new listings of detached homes, this was a decrease of 38 per cent compared to the same time last year.
When it came to the number of semi detached homes sold in April 2023, there were a total of 29 sales. This was a decrease of 23 per cent compared to the previous year. The average price of a semi detached property was $640,421, this was a decrease of 25.1 per cent when compared to the previous year. It was also reported that there were a total of 34 new listings of this type of property, which was a decrease of 50.7 per cent compared to the same period last year.
Row style properties had a total of 139 sales reported in April 2023 by RAHB, this was a decrease of 0.7 per cent compared to the previous year. The average sale price of this type of property was reported to have been $718,353. This sale price was a small decrease of 12.8 per cent compared to the previous year. There were also a total of 172 new listings reported in April by RAHB, which was a decrease of 36.3 per cent compared to April 2022.
The final property type that we’ll review from the above chart is the apartment-style properties. There were a total of 67 sales with an average sale price of $497,248, which was a decrease of 13.5 per cent compared to the previous year. This type of property had a total of 117 new listings, which was a decrease of 14 per cent compared the same time last year.
Summary of Statistics for the Hamilton Real Estate Market
In this blog post we reviewed the real estate statistics for the Hamilton and surrounding areas. According to RAHB, there were a total of 1,102 sales of residential properties within the entire RAHB real estate market area. There were a total of 1,566 new listings in April 2023, marking the first time since early 2022 that we saw the sales-to-new-listing ratio above 70 per cent.
“The gains in lending rates impacted sales across the RAHB market area, but we also saw a shift come from existing homeowners who were also reluctant to sell their home. In April, new listings coming onto the market were much lower than levels traditionally seen at this time of year, keeping inventories relatively low in our market, and placing upward pressure on home prices.” – Nicolas von Bredow, RAHB President.
There were a lot of real estate statistics that were reviewed in this blog post and you might have some questions about them. We’ve made sure to include some additional materials supplied by RAHB that might help to answer some of these questions.
For More Information About These Statistics
For a more indepth review of these statistics? Please refer to the Hamilton Real Estate Statistics for April 2023.
Contact a Realtor at Judy Marsales Brokerage
There were a lot of real estate statistics reviewed in this blog and sometimes this means there are even more questions to be asked and answered. In this case, please feel free to contact one of our sales representatives at one of our three Hamilton area real estate offices and they will be more than happy to help answer any questions you may have.
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