Hamilton Real Estate Statistics

Hamilton Real Estate Price Trend
Hamilton real estate average sold price in the last 30 days (January 4 - February 2) was $773,372, which is $14,724 (1.9%) higher than the average price of $758,648 in the previous 30 day period (December 5 - January 3), and $234,592 (30.3%) down from the same period 1 year ago ($1,007,964). Hamilton real estate prices over the last 30 days are also $85,530 (11.1%) lower than the average selling price of $858,902 over the past year.
Hamilton average sold price for homes was $818,086 in the last 30 days (January 4 - February 2), which is $15,301 (1.9%) up from the average home price of $802,785 in the previous 30 day period (December 5 - January 3), and $305,566 (37.4%) lower than the same period 1 year ago ($1,123,652). In the last 30 days Hamilton the average home price was $102,671 (12.6%) lower than the average selling price of $920,757 over the last 12 months.
Average Hamilton condo sold price over the last 30 days (January 4 - February 2) was $538,836. During this period it was $54,555 (10.1%) up from the average price of condo of $484,281 during the previous 30 days (December 5 - January 3), and $21,589 (4.0%) lower compared to the same period 1 year ago ($560,425). In the last 30 days Hamilton the average condo price was $13,012 (2.4%) lower than the average selling price of $551,848 over the last year.
Average sold price of Hamilton townhouse was $719,828 in the last 30 days (January 4 - February 2), up $38,464 (5.3%) from the average townhome price of $681,364 over the previous 30 days (December 5 - January 3), and $180,582 (25.1%) lower than during to the same period 1 year ago ($900,410). Over the last 30 days the average townhouse price in Hamilton was $37,791 (5.2%) lower compared to the average selling price of $757,619 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Hamilton real estate was $773,372 in the last 30 days (January 4 - February 2), which is collectively $28,623 (3.2%) lower than the average asking price of $892,274. This represents an increase of $1,269 (4.2%) compared to $29,892 (3.5%) Sold-Under-Asking price from the previous 30 day period (December 5 - January 3).
The maximum Sold Over/Under Asking ratio in Hamilton during the last 12 months was recorded in February, 2022 with an average of $179,317 over the asking price, while the minimum occurring in October, 2022 with $32,247 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 66.4% with 328 properties sold and 255 new properties listed in the past 30 days (January 4 - February 2). This represents a decrease from 90.6% recorded during the previous 30 day period (December 5 - January 3), and a decrease from 115.8% compared to the same period one year ago.
Over the the last year the highest SNLR in Hamilton was 98.7% recorded in February and the lowest was in July at 51.9%. 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 328 properties that were successfully sold in Hamilton in the last 30 days (January 4 - February 2) was 34 days, which is 2 days less than 36 days average in the previous 30 day period (December 5 - January 3) and 23 days longer than during the same period a year ago (11 days).
There were 341 delisted properties in Hamilton, those that got either Expired, Suspended or Terminated over the last 30 days (January 4 - February 2) with an average of 74 days on the market. This is 7 days longer than the average of 67 days during the previous 30 day period (December 5 - January 3) and 21 days more compared to the same period last year average of 53 days on the market.
341 Hamilton properties that didn't sell stayed on the market 117.6% longer than 328 that sucessfully sold over the last 30 days - 34 days when sold vs 74 days when delisted respectively.
Average Days on the Market in Hamilton over the past 12 months for properties that have sold was 21.0 days, with 42.5 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
494 new properties were listed on the market in Hamilton in the last 30 days (January 4 - February 2). During the same time 328 properties were sold and 341 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 175 properties (or 35.4%).
During the previous 30 day period (December 5 - January 3) there were 255 new properties listed, 231 sold and 395 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 1,013 new properties listed, the slowest - December with 287 new listings and a yearly average of 711 new listings per month.
New Real Estate Listings by Property Type
There were a total of 342 homes listed during the last 30 days (January 4 - February 2), which is 69.2% of all properties listed in Hamilton. This is a 94.3% increase compared with a previous 30 day period (December 5 - January 3) and 31.5% up from the same period a year ago. Over the past year an average of 510 homes are were listed per month.
69 condo units were listed in the last 30 days (January 4 - February 2) in Hamilton, which represents 14.0% of all new listings. This is up 122.6% from the prior 30 day period (December 5 - January 3) and 53.3% more compared to the same period last year. There were 62 condos listed per month on average during the last 12 months.
83 townhomes were listed over the last 30 days (January 4 - February 2) in Hamilton, which is 16.8% of all new real estate inventory. This is a 72.9% more than during the previous 30 day period (December 5 - January 3) and 31.7% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 139 a month.
Real Estate Sales by Property Type
There were a total of 234 homes sold during the last 30 days (January 4 - February 2), which is 71.3% of all properties sold in Hamilton. This is a 35.3% increase compared with a previous 30 day period (December 5 - January 3) and 19.0% down from the same period a year ago. Over the past year an average of 360 homes are were sold per month.
30 condo units were sold in the last 30 days (January 4 - February 2) in Hamilton, which represents 9.1% of all sold properties. This is up 87.5% from the prior 30 day period (December 5 - January 3) and 45.5% less compared to the same period last year. There were 42 condos sold per month on average during the last 12 months.
64 townhomes were sold over the last 30 days (January 4 - February 2) in Hamilton, which is 19.5% of all sold real estate. This is a 52.4% more than during the previous 30 day period (December 5 - January 3) and 22.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 95 a month.
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