Hamilton Real Estate Statistics

Hamilton Real Estate Price Trend
Hamilton real estate average sold price in the last 30 days (April 19 - May 18) was $470,000, which is $1,470,000 (312.8 %) lower than the average price of $1,940,000 in the previous 30 day period (March 20 - April 18), and $342,554 (72.9 %) down from the same period 1 year ago ($812,554). Hamilton real estate prices over the last 30 days are also $633,133 (134.7 %) lower than the average selling price of $1,103,133 over the past year.
Sold Price Above/Below Asking ($)
Average selling price for Hamilton real estate was $470,000 in the last 30 days (April 19 - May 18), which is collectively $0 (0.0 %) higher than the average asking price of $946,678. This represents a decline of $6,700 (100.0 %) compared to $6,700 (0.7 %) Sold-Over-Asking price from the previous 30 day period (March 20 - April 18).
The maximum Sold Over/Under Asking ratio in Hamilton during the last 12 months was recorded in May, 2021 with an average of $45,661 over the asking price, while the minimum occurring in March, 2022 with $163,975 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 0.2 % with 2 properties sold and 893 new properties listed in the past 30 days (April 19 - May 18). This represents a decrease from 0.3 % recorded during the previous 30 day period (March 20 - April 18), and a decrease from 114.2 % compared to the same period one year ago.
Over the the last year the highest SNLR in Hamilton was 153.7 % recorded in July and the lowest was in March at 0.2 %. 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 2 properties that were successfully sold in Hamilton in the last 30 days (April 19 - May 18) was 58 days, which is 63 days less than 121 days average in the previous 30 day period (March 20 - April 18) and 48 days longer than during the same period a year ago (10 days).
There were 1 delisted properties in Hamilton, those that got either Expired, Suspended or Terminated over the last 30 days (April 19 - May 18) with an average of 237 days on the market. This is 237 days longer than the average of 0 days during the previous 30 day period (March 20 - April 18) and 213 days more compared to the same period last year average of 24 days on the market.
1 Hamilton properties that didn't sell stayed on the market 308.6 % longer than 2 that sucessfully sold over the last 30 days - 58 days when sold vs 237 days when delisted respectively.
Average Days on the Market in Hamilton over the past 12 months for properties that have sold was 53.6 days, with 81.0 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1,053 new properties were listed on the market in Hamilton in the last 30 days (April 19 - May 18). During the same time 2 properties were sold and 1 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1050 properties (or 99.7 %).
During the previous 30 day period (March 20 - April 18) there were 893 new properties listed, 3 sold and 0 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 993 new properties listed, the slowest - December with 245 new listings and a yearly average of 584 new listings per month.
New Real Estate Listings by Property Type
There were a total of 722 homes listed during the last 30 days (April 19 - May 18), which is 68.6 % of all properties listed in Hamilton. This is a 18.0 % increase compared with a previous 30 day period (March 20 - April 18) and 18.6 % up from the same period a year ago. Over the past year an average of 419 homes are were listed per month.
86 condo units were listed in the last 30 days (April 19 - May 18) in Hamilton, which represents 8.2 % of all new listings. This is up 7.5 % from the prior 30 day period (March 20 - April 18) and 53.6 % more compared to the same period last year. There were 50 condos listed per month on average during the last 12 months.
245 townhomes were listed over the last 30 days (April 19 - May 18) in Hamilton, which is 23.3 % of all new real estate inventory. This is a 21.9 % more than during the previous 30 day period (March 20 - April 18) and 48.5 % increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 115 a month.
Real Estate Sales by Property Type
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