Hamilton Real Estate Statistics

Hamilton Real Estate Price Trend
Hamilton real estate average sold price in the last 30 days (November 14 - December 13) was $760,090, which is $27,155 (3.6%) lower than the average price of $787,245 in the previous 30 day period (October 15 - November 13), and $899 (0.1%) down from the same period 1 year ago ($760,989). Hamilton real estate prices over the last 30 days are also $34,870 (4.6%) lower than the average selling price of $794,960 over the past year.
Hamilton average sold price for homes was $816,437 in the last 30 days (November 14 - December 13), which is $55,458 (6.8%) down from the average home price of $871,895 in the previous 30 day period (October 15 - November 13), and $5,773 (0.7%) lower than the same period 1 year ago ($822,210). In the last 30 days Hamilton the average home price was $53,170 (6.5%) 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 14 - December 13) was $554,144. During this period it was $68,648 (12.4%) up from the average price of condo of $485,496 during the previous 30 days (October 15 - November 13), and $120,120 (21.7%) higher compared to the same period 1 year ago ($434,024). In the last 30 days Hamilton the average condo price was $81,721 (14.7%) higher than the average selling price of $472,423 over the last year.
Average sold price of Hamilton townhouse was $654,667 in the last 30 days (November 14 - December 13), down $30,599 (4.7%) from the average townhome price of $685,266 over the previous 30 days (October 15 - November 13), and $32,062 (4.9%) lower than during to the same period 1 year ago ($686,729). Over the last 30 days the average townhouse price in Hamilton was $33,798 (5.2%) lower compared to the average selling price of $688,465 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Hamilton real estate was $760,090 in the last 30 days (November 14 - December 13), which is collectively $19,579 (2.3%) lower than the average asking price of $849,890. This represents a decline of $979 (5.3%) compared to $18,600 (2.0%) Sold-Under-Asking price from the previous 30 day period (October 15 - November 13).
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
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 62.4% with 564 properties sold and 770 new properties listed in the past 30 days (November 14 - December 13). This represents a decrease from 73.9% recorded during the previous 30 day period (October 15 - November 13), and a decrease from 68.2% 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 564 properties that were successfully sold in Hamilton in the last 30 days (November 14 - December 13) was 37 days, which is 1 days more than 36 days average in the previous 30 day period (October 15 - November 13) and 7 days longer than during the same period a year ago (30 days).
There were 711 delisted properties in Hamilton, those that got either Expired, Suspended or Terminated over the last 30 days (November 14 - December 13) with an average of 66 days on the market. This is 0 days longer than the average of 66 days during the previous 30 day period (October 15 - November 13) and 5 days more compared to the same period last year average of 61 days on the market.
711 Hamilton properties that didn't sell stayed on the market 78.4% longer than 564 that sucessfully sold over the last 30 days - 37 days when sold vs 66 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.
New Real Estate Listings vs Sold/Delisted
904 new properties were listed on the market in Hamilton in the last 30 days (November 14 - December 13). During the same time 564 properties were sold and 711 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 371 properties (or 41.0%).
During the previous 30 day period (October 15 - November 13) there were 770 new properties listed, 569 sold and 798 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.
New Real Estate Listings by Property Type
There were a total of 597 homes listed during the last 30 days (November 14 - December 13), which is 66.0% of all properties listed in Hamilton. This is a 13.5% increase compared with a previous 30 day period (October 15 - November 13) and 72.0% up from the same period a year ago. Over the past year an average of 572 homes are were listed per month.
118 condo units were listed in the last 30 days (November 14 - December 13) in Hamilton, which represents 13.1% of all new listings. This is up 24.2% from the prior 30 day period (October 15 - November 13) and 122.6% more compared to the same period last year. There were 116 condos listed per month on average during the last 12 months.
189 townhomes were listed over the last 30 days (November 14 - December 13) in Hamilton, which is 20.9% of all new real estate inventory. This is a 26.8% more than during the previous 30 day period (October 15 - November 13) and 89.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 168 a month.
Real Estate Sales by Property Type
There were a total of 398 homes sold during the last 30 days (November 14 - December 13), which is 70.6% of all properties sold in Hamilton. This is a 6.7% increase compared with a previous 30 day period (October 15 - November 13) and 65.1% up from the same period a year ago. Over the past year an average of 386 homes are were sold per month.
49 condo units were sold in the last 30 days (November 14 - December 13) in Hamilton, which represents 8.7% of all sold properties. This is down 15.5% from the prior 30 day period (October 15 - November 13) and 69.0% more compared to the same period last year. There were 55 condos sold per month on average during the last 12 months.
117 townhomes were sold over the last 30 days (November 14 - December 13) in Hamilton, which is 20.7% of all sold real estate. This is a 15.2% less than during the previous 30 day period (October 15 - November 13) and 64.8% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 113 a month.
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