Hamilton Real Estate Market Update – May 2025
The Cornerstone Association of REALTORS® (Cornerstone) has released its May 2025 real estate statistics, highlighting continued shifts in the Hamilton-Burlington housing market. While the number of homes sold increased month-over-month, overall activity remains subdued compared to typical May levels. Caution among buyers and sellers continues amid economic uncertainty, and as inventory levels rise, home prices are feeling the pressure.
This real estate market report for Hamilton in May 2025 will cover the following:
- Hamilton Real Estate Market Update – May 2025: Key insights for buyers, sellers, and investors navigating today’s evolving conditions.
- Sales, Listings, and Inventory: Data organized by property type and region.
- Sales, Regional, and Inventory Breakdown – Cornerstone Real Estate Market Area
Real estate sales across the Cornerstone market area including Hamilton, Burlington, Haldimand County, and Niagara North, reached a total of 908 units in May 2025. This marks a 13% increase from April, but still represents a 14% decline from May 2024 and is 37% below typical seasonal sales levels, according to Cornerstone.
A total of 2,319 new listings were added in May, keeping the sales-to-new listings ratio at 40%, a level that reflects rising inventory. The months of supply increased to 4.1, the highest May level recorded since 1998.
Home prices continue to respond to increased supply and softer demand. The unadjusted benchmark price across the region fell to $783,100, nearly 10% lower than May of last year. Burlington experienced the most significant monthly and year-over-year price declines.
Coming Up: A Detailed Look at Hamilton’s Housing Market
The next section of this blog breaks down property-specific data across Hamilton, including residential sales, inventory levels, and benchmark prices by property type and neighbourhood.
Hamilton Residential Real Estate – Price, Sales & Market Conditions
In May 2025, 568 residential properties were sold in Hamilton, up 11% from April, but still 13.1% lower year-over-year and 35% below typical May levels, according to the Cornerstone Association of REALTORS®.
While a few areas showed slight year-over-year gains, year-to-date sales declined across all sub-areas. The smallest drops were in Hamilton East and Dundas, while Hamilton West posted the largest year-to-date decrease.
Inventory and Listing Activity
There were 1,449 new listings in May, a marginal increase of 0.6% year-over-year. With slower sales, the sales-to-new listings ratio remained at 39%, leading to a build-up in inventory.
Total active listings climbed to 2,356 units, up 27.8% year-over-year, and the months of supply rose to 4.1, the highest level seen in recent years. Conditions varied by area:
- Tightest markets: Hamilton East and Dundas (under 3 months of supply)
- Looser markets: Hamilton Centre, Hamilton West, Flamborough, and Stoney Creek (each over 5 months of supply)
Pricing Trends and Buyer Conditions
The average residential sale price in Hamilton was $777,786, a 4.5% decrease from May 2024. The unadjusted benchmark price also fell, coming in 8% lower year-over-year.
As supply continues to rise and buyers proceed cautiously, downward pressure on prices is expected to persist. Properties are also spending more time on the market, with the average days on market at 30.8 days, up 35.7% year-over-year—creating more favourable conditions for buyers.
Looking Ahead: Property Type Breakdown
This concludes our analysis of Hamilton’s overall residential market performance for May 2025. In the next section, we’ll examine how specific property types, such as detached, semi-detached, row homes, and apartments are performing across the city.
Property Type Breakdown – Hamilton Real Estate Market, May 2025
The Cornerstone Association of REALTORS® reports continued declines in year-to-date sales across all residential property types in Hamilton. Apartments remain the most impacted segment, with sales down nearly 30% and prices experiencing the sharpest year-over-year declines.
Price adjustments have become more common across all housing categories as supply builds and demand remains cautious. While detached homes remain the highest-priced property type, benchmark and average prices have softened across the board.
Breakdown by Property Type:
The following data offers a comprehensive look at Hamilton real estate statistics for May 2025, including year-over-year changes in sales, new listings, inventory, and average prices.
Stay informed on how each property type is performing and plan your next move with confidence.
Detached Homes
- Sales: 397 (↓ 9.8% YoY)
- New Listings: 975 (↑ 5.1%)
- Inventory: 1,483 (↑ 31.6%)
- Average Price: $850,635 (↓ 6.0%)
Semi-Detached Homes
- Sales: 23 (↓ 34.3%)
- New Listings: 56 (↓ 9.7%)
- Inventory: 92 (↑ 50.8%)
- Average Price: $679,343 (↑ 2.5%)
Townhomes (Row Houses)
- Sales: 97 (↓ 13.4%)
- New Listings: 254 (↓ 6.3%)
- Inventory: 398 (↑ 31.4%)
- Average Price: $681,917 (↓ 3.8%)
Apartments & Condos
- Sales: 50 (↓ 20.6%)
- New Listings: 149 (↓ 13.4%)
- Inventory: 357 (↑ 5.6%)
- Average Price: $438,054 (↓ 9.9%)
Takeaways and Market Statistics – May 2025
The data confirms that sales have declined across all property types, while inventory levels have grown, offering more options for buyers but increasing competition for sellers.
Notable Trends:
- Apartments: Continue to face the steepest declines in both sales and pricing, with average prices down nearly 10%.
- Detached Homes: Still the highest-priced segment, though prices have softened.
- Semi-Detached & Row Homes: Sales declined significantly, but average prices remained relatively stable, with semi-detached homes showing a slight year-over-year increase.
These shifts suggest a more balanced market, where buyers benefit from greater selection while sellers must be strategic with pricing and presentation.
Coming Up: Regional Summary
Next, we’ll shift focus to the regional real estate activity within Hamilton and its surrounding areas. The following section provides a detailed look at local market conditions across sub-areas including Hamilton East, West, Centre, Stoney Creek, and Flamborough.
Regional Summary – May 2025
In May 2025, inventory levels continued to climb across the Hamilton real estate market. Hamilton Centre, Hamilton West, Flamborough, and Stoney Creek all reported over five months of supply, indicating softer market conditions and a shift toward greater buyer opportunity in these areas.
Despite the increase in supply, average home prices responded differently depending on the area. Of the highlighted communities, Hamilton West was the only one to record a year-over-year price increase, while the remaining three areas experienced year-over-year price declines.
Cornerstone’s analysis attributes this trend to a combination of slower sales and steady new listing activity, which has caused available inventory to grow. These conditions are now influencing pricing expectations at the local level.
Key Metrics by Area – May 2025
Hamilton Centre
- Sales: 64 (↓ 22.0% YoY)
- New Listings: 184 (↓ 4.7%)
- Inventory: 337 (↑ 33.7%)
- Months of Supply: 5.27
- Average Price: $523,192 (↓ 6.5%)
Hamilton West
- Sales: 48 (↓ 21.3%)
- New Listings: 150 (↑ 6.4%)
- Inventory: 241 (↑ 25.5%)
- Months of Supply: 5.02
- Average Price: $760,240 (↑ 5.5%)
Flamborough
- Sales: 24 (no change YoY)
- New Listings: 75 (↑ 13.6%)
- Inventory: 142 (↑ 7.6%)
- Months of Supply: 5.92
- Average Price: $1,240,104 (↑ 0.9%)
Stoney Creek
- Sales: 61 (↓ 35.1%)
- New Listings: 231 (↓ 3.8%)
- Inventory: 392 (↑ 19.9%)
- Months of Supply: 6.43
- Average Price: $849,702 (↓ 2.2%)
Hamilton Real Estate Statistics – Analysis
The growing inventory in these regions is a clear reflection of shifting buyer and seller dynamics. Although Flamborough and Stoney Creek have exceeded six months of supply, average price movement remains relatively stable, with Flamborough recording a modest increase.
Hamilton West’s 5.5% price growth stands out, despite lower sales and rising inventory, suggesting that demand may be holding firmer in this sub-area compared to others.
Final Thoughts & What’s Next
Up next, Nicolas von Bredow, spokesperson for the Hamilton-Burlington region at the Cornerstone Association of REALTORS®, shares key insights on market trends and what to expect in the months ahead.
We’ll also provide details on how to connect with a trusted sales representative at Judy Marsales Real Estate Brokerage if you're thinking about making a move in today’s changing market.
Summary & Expert Insights – Hamilton Real Estate Market
The Hamilton-Burlington real estate market saw 908 homes sold in May 2025, up 13% from April, but still 14% below last year and 37% under typical May levels. While activity improved month-over-month, buyers and sellers continue to approach the market with caution.
2,319 new listings were added, keeping the sales-to-new listings ratio at 40% and pushing inventory higher. The region now has a 4.1-month supply, the highest for May since 1998.
Cornerstone spokesperson Nicolas von Bredow commented on the market:
“Buyers and sellers alike continue to adopt a cautious stance toward the market due to ongoing economic uncertainty and instability... With fewer sales and an increase in supply, the unadjusted benchmark price has decreased from the previous month and is nearly ten per cent lower than last year’s levels.”
As uncertainty lingers, there's optimism that post-election focus on housing may help restore confidence and affordability in the coming months.
What This Means for You
With more inventory and softening prices, buyers may find greater flexibility and opportunity right now. Sellers, on the other hand, should work with a knowledgeable REALTOR® to position their homes competitively in this shifting market.
Thinking about buying or selling? Judy Marsales Real Estate Brokerage is here to help, reach out today to connect with one of our trusted sales representatives.
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