Hamilton Real Estate Statistics

Hamilton Real Estate Price Trend
Hamilton real estate average sold price in the last 30 days (August 22 - September 20) was $805,326, which is $22,171 (2.8 %) higher than the average price of $783,155 in the previous 30 day period (July 23 - August 21), and $141,864 (17.6 %) up from the same period 1 year ago ($663,462). Hamilton real estate prices over the last 30 days are also $55,835 (6.9 %) higher than the average selling price of $749,491 over the past year.
Hamilton average sold price for homes was $860,716 in the last 30 days (August 22 - September 20), which is $16,306 (1.9 %) up from the average home price of $844,410 in the previous 30 day period (July 23 - August 21), and $134,686 (15.6 %) higher than the same period 1 year ago ($726,030). In the last 30 days Hamilton the average home price was $54,931 (6.4 %) higher than the average selling price of $805,785 over the last 12 months.
Average Hamilton condo sold price over the last 30 days (August 22 - September 20) was $518,380. During this period it was $55,762 (10.8 %) up from the average price of condo of $462,618 during the previous 30 days (July 23 - August 21), and $105,216 (20.3 %) higher compared to the same period 1 year ago ($413,164). In the last 30 days Hamilton the average condo price was $60,833 (11.7 %) higher than the average selling price of $457,547 over the last year.
Average sold price of Hamilton townhouse was $721,817 in the last 30 days (August 22 - September 20), down $7,114 (1.0 %) from the average townhome price of $728,931 over the previous 30 days (July 23 - August 21), and $132,674 (18.4 %) higher than during to the same period 1 year ago ($589,143). Over the last 30 days the average townhouse price in Hamilton was $57,960 (8.0 %) higher compared to the average selling price of $663,857 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Hamilton real estate was $805,326 in the last 30 days (August 22 - September 20), which is collectively $40,757 (4.9 %) higher than the average asking price of $830,030. This represents an increase of $7,713 (23.3 %) compared to $33,044 (4.2 %) Sold-Over-Asking price from the previous 30 day period (July 23 - August 21).
The maximum Sold Over/Under Asking ratio in Hamilton during the last 12 months was recorded in March, 2021 with an average of $77,897 over the asking price, while the minimum occurring in September, 2020 with $10,334 above 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 127.2 % with 576 properties sold and 463 new properties listed in the past 30 days (August 22 - September 20). This represents a decrease from 128.9 % recorded during the previous 30 day period (July 23 - August 21), and an increase from 98.3 % compared to the same period one year ago.
Over the the last year the highest SNLR in Hamilton was 191.4 % recorded in December and the lowest was in April at 102.5 %. 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 576 properties that were successfully sold in Hamilton in the last 30 days (August 22 - September 20) was 13 days, which is 3 days less than 16 days average in the previous 30 day period (July 23 - August 21) and 6 days shorter than during the same period a year ago (19 days).
There were 178 delisted properties in Hamilton, those that got either Expired, Suspended or Terminated over the last 30 days (August 22 - September 20) with an average of 41 days on the market. This is 3 days shorter than the average of 44 days during the previous 30 day period (July 23 - August 21) and 7 days less compared to the same period last year average of 48 days on the market.
178 Hamilton properties that didn't sell stayed on the market 215.4 % longer than 576 that sucessfully sold over the last 30 days - 13 days when sold vs 41 days when delisted respectively.
Average Days on the Market in Hamilton over the past 12 months for properties that have sold was 14.5 days, with 41.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
453 new properties were listed on the market in Hamilton in the last 30 days (August 22 - September 20). During the same time 576 properties were sold and 178 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 301 properties (or 66.4 %).
During the previous 30 day period (July 23 - August 21) there were 463 new properties listed, 597 sold and 175 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 873 new properties listed, the slowest - December with 209 new listings and a yearly average of 546 new listings per month.
New Real Estate Listings by Property Type
There were a total of 327 homes listed during the last 30 days (August 22 - September 20), which is 72.2 % of all properties listed in Hamilton. This is a 0.3 % increase compared with a previous 30 day period (July 23 - August 21) and 15.7 % down from the same period a year ago. Over the past year an average of 397 homes are were listed per month.
39 condo units were listed in the last 30 days (August 22 - September 20) in Hamilton, which represents 8.6 % of all new listings. This is down 9.3 % from the prior 30 day period (July 23 - August 21) and 27.8 % less compared to the same period last year. There were 47 condos listed per month on average during the last 12 months.
87 townhomes were listed over the last 30 days (August 22 - September 20) in Hamilton, which is 19.2 % of all new real estate inventory. This is a 7.4 % less than during the previous 30 day period (July 23 - August 21) and 11.2 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 102 a month.
Real Estate Sales by Property Type
There were a total of 421 homes sold during the last 30 days (August 22 - September 20), which is 73.1 % of all properties sold in Hamilton. This is a 0.0 % decline compared with a previous 30 day period (July 23 - August 21) and 20.3 % up from the same period a year ago. Over the past year an average of 467 homes are were sold per month.
51 condo units were sold in the last 30 days (August 22 - September 20) in Hamilton, which represents 8.9 % of all sold properties. This is down 16.4 % from the prior 30 day period (July 23 - August 21) and 6.2 % more compared to the same period last year. There were 52 condos sold per month on average during the last 12 months.
104 townhomes were sold over the last 30 days (August 22 - September 20) in Hamilton, which is 18.1 % of all sold real estate. This is a 9.6 % less than during the previous 30 day period (July 23 - August 21) and 21.8 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 127 a month.
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