Hamilton Real Estate Statistics

Hamilton real estate average sold price in the last 30 days (November 21 - December 20) was $795,950, which is $54,207 (6.8%) higher than the average price of $741,743 in the previous 30 day period (October 22 - November 20), and $39,329 (4.9%) up from the same period 1 year ago ($756,621). Hamilton real estate prices over the last 30 days are also $990 (0.1%) higher than the average selling price of $794,960 over the past year.

Hamilton average sold price for homes was $867,196 in the last 30 days (November 21 - December 20), which is $72,267 (8.3%) up from the average home price of $794,929 in the previous 30 day period (October 22 - November 20), and $54,318 (6.3%) higher than the same period 1 year ago ($812,878). In the last 30 days Hamilton the average home price was $2,411 (0.3%) lower than the average selling price of $869,607 over the last 12 months.

Average Hamilton condo sold price over the last 30 days (November 21 - December 20) was $552,839. During this period it was $58,646 (10.6%) up from the average price of condo of $494,193 during the previous 30 days (October 22 - November 20), and $109,811 (19.9%) higher compared to the same period 1 year ago ($443,028). In the last 30 days Hamilton the average condo price was $80,416 (14.5%) higher than the average selling price of $472,423 over the last year.

Average sold price of Hamilton townhouse was $667,372 in the last 30 days (November 21 - December 20), down $9,304 (1.4%) from the average townhome price of $676,676 over the previous 30 days (October 22 - November 20), and $29,843 (4.5%) lower than during to the same period 1 year ago ($697,215). Over the last 30 days the average townhouse price in Hamilton was $21,093 (3.2%) lower compared to the average selling price of $688,465 over the last 12 months.

Average selling price for Hamilton real estate was $795,950 in the last 30 days (November 21 - December 20), which is collectively $22,400 (2.6%) lower than the average asking price of $856,130. This represents a decline of $5,962 (36.3%) compared to $16,438 (1.8%) Sold-Under-Asking price from the previous 30 day period (October 22 - November 20).

The maximum Sold Over/Under Asking ratio in Hamilton during the last 12 months was recorded in May, 2024 with an average of $10,981 under the asking price, while the minimum occurring in December, 2023 with $29,067 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Hamilton was 77.0% with 469 properties sold and 955 new properties listed in the past 30 days (November 21 - December 20). This represents an increase from 70.7% recorded during the previous 30 day period (October 22 - November 20), and a decrease from 77.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Hamilton was 119.4% recorded in August and the lowest was in September at 41.3%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 469 properties that were successfully sold in Hamilton in the last 30 days (November 21 - December 20) was 40 days, which is 6 days more than 34 days average in the previous 30 day period (October 22 - November 20) and 10 days longer than during the same period a year ago (30 days).

There were 681 delisted properties in Hamilton, those that got either Expired, Suspended or Terminated over the last 30 days (November 21 - December 20) with an average of 67 days on the market. This is 1 days longer than the average of 66 days during the previous 30 day period (October 22 - November 20) and 3 days more compared to the same period last year average of 64 days on the market.

681 Hamilton properties that didn't sell stayed on the market 67.5% longer than 469 that sucessfully sold over the last 30 days - 40 days when sold vs 67 days when delisted respectively.

Average Days on the Market in Hamilton over the past 12 months for properties that have sold was 32.1 days, with 64.0 days for those properties that did not sell.

609 new properties were listed on the market in Hamilton in the last 30 days (November 21 - December 20). During the same time 469 properties were sold and 681 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 541 properties (or 88.8%).

During the previous 30 day period (October 22 - November 20) there were 955 new properties listed, 675 sold and 858 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 1,155 new properties listed, the slowest - December with 247 new listings and a yearly average of 856 new listings per month.

There were a total of 414 homes listed during the last 30 days (November 21 - December 20), which is 68.0% of all properties listed in Hamilton. This is a 34.3% decline compared with a previous 30 day period (October 22 - November 20) and 38.9% up from the same period a year ago. Over the past year an average of 572 homes are were listed per month.

83 condo units were listed in the last 30 days (November 21 - December 20) in Hamilton, which represents 13.6% of all new listings. This is down 29.7% from the prior 30 day period (October 22 - November 20) and 76.6% more compared to the same period last year. There were 116 condos listed per month on average during the last 12 months.

112 townhomes were listed over the last 30 days (November 21 - December 20) in Hamilton, which is 18.4% of all new real estate inventory. This is a 45.9% less than during the previous 30 day period (October 22 - November 20) and 45.5% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 168 a month.

There were a total of 327 homes sold during the last 30 days (November 21 - December 20), which is 69.7% of all properties sold in Hamilton. This is a 29.5% decline compared with a previous 30 day period (October 22 - November 20) and 42.2% up from the same period a year ago. Over the past year an average of 386 homes are were sold per month.

44 condo units were sold in the last 30 days (November 21 - December 20) in Hamilton, which represents 9.4% of all sold properties. This is down 26.7% from the prior 30 day period (October 22 - November 20) and 57.1% more compared to the same period last year. There were 55 condos sold per month on average during the last 12 months.

98 townhomes were sold over the last 30 days (November 21 - December 20) in Hamilton, which is 20.9% of all sold real estate. This is a 35.1% less than during the previous 30 day period (October 22 - November 20) and 40.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 113 a month.