Hamilton Real Estate Statistics

Hamilton real estate average sold price in the last 30 days (March 27 - April 25) was $867,551, which is $53,967 (6.2%) higher than the average price of $813,584 in the previous 30 day period (February 26 - March 26), and $30,651 (3.5%) up from the same period 1 year ago ($836,900). Hamilton real estate prices over the last 30 days are also $68,861 (7.9%) higher than the average selling price of $798,690 over the past year.

Hamilton average sold price for homes was $963,170 in the last 30 days (March 27 - April 25), which is $80,596 (8.4%) up from the average home price of $882,574 in the previous 30 day period (February 26 - March 26), and $46,432 (4.8%) higher than the same period 1 year ago ($916,738). In the last 30 days Hamilton the average home price was $92,729 (9.6%) higher than the average selling price of $870,441 over the last 12 months.

Average Hamilton condo sold price over the last 30 days (March 27 - April 25) was $455,759. During this period it was $5,753 (1.3%) down from the average price of condo of $461,512 during the previous 30 days (February 26 - March 26), and $43,660 (9.6%) lower compared to the same period 1 year ago ($499,419). In the last 30 days Hamilton the average condo price was $18,677 (4.1%) lower than the average selling price of $474,436 over the last year.

Average sold price of Hamilton townhouse was $713,147 in the last 30 days (March 27 - April 25), up $5,676 (0.8%) from the average townhome price of $707,471 over the previous 30 days (February 26 - March 26), and $18,678 (2.6%) lower than during to the same period 1 year ago ($731,825). Over the last 30 days the average townhouse price in Hamilton was $8,477 (1.2%) higher compared to the average selling price of $704,670 over the last 12 months.

Average selling price for Hamilton real estate was $867,551 in the last 30 days (March 27 - April 25), which is collectively $12,499 (1.3%) lower than the average asking price of $957,260. This represents an increase of $950 (7.1%) compared to $13,449 (1.5%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Hamilton during the last 12 months was recorded in June, 2023 with an average of $7,697 over 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 71.9% with 702 properties sold and 906 new properties listed in the past 30 days (March 27 - April 25). This represents an increase from 62.0% recorded during the previous 30 day period (February 26 - March 26), and a decrease from 90.4% compared to the same period one year ago.

Over the the last year the highest SNLR in Hamilton was 112.6% recorded in December and the lowest was in September at 38.8%. 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 702 properties that were successfully sold in Hamilton in the last 30 days (March 27 - April 25) was 26 days, which is 1 days less than 27 days average in the previous 30 day period (February 26 - March 26) and 3 days longer than during the same period a year ago (23 days).

There were 544 delisted properties in Hamilton, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 58 days on the market. This is 7 days shorter than the average of 65 days during the previous 30 day period (February 26 - March 26) and 2 days more compared to the same period last year average of 56 days on the market.

544 Hamilton properties that didn't sell stayed on the market 123.1% longer than 702 that sucessfully sold over the last 30 days - 26 days when sold vs 58 days when delisted respectively.

Average Days on the Market in Hamilton over the past 12 months for properties that have sold was 26.3 days, with 55.2 days for those properties that did not sell.

977 new properties were listed on the market in Hamilton in the last 30 days (March 27 - April 25). During the same time 702 properties were sold and 544 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 269 properties (or 27.5%).

During the previous 30 day period (February 26 - March 26) there were 906 new properties listed, 562 sold and 370 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 937 new properties listed, the slowest - December with 247 new listings and a yearly average of 732 new listings per month.

There were a total of 645 homes listed during the last 30 days (March 27 - April 25), which is 66.0% of all properties listed in Hamilton. This is a 9.1% increase compared with a previous 30 day period (February 26 - March 26) and 41.1% up from the same period a year ago. Over the past year an average of 502 homes are were listed per month.

138 condo units were listed in the last 30 days (March 27 - April 25) in Hamilton, which represents 14.1% of all new listings. This is up 12.2% from the prior 30 day period (February 26 - March 26) and 46.8% more compared to the same period last year. There were 85 condos listed per month on average during the last 12 months.

194 townhomes were listed over the last 30 days (March 27 - April 25) in Hamilton, which is 19.9% of all new real estate inventory. This is a 1.0% more than during the previous 30 day period (February 26 - March 26) and 52.8% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 145 a month.

There were a total of 485 homes sold during the last 30 days (March 27 - April 25), which is 69.1% of all properties sold in Hamilton. This is a 18.9% increase compared with a previous 30 day period (February 26 - March 26) and 14.1% up from the same period a year ago. Over the past year an average of 340 homes are were sold per month.

50 condo units were sold in the last 30 days (March 27 - April 25) in Hamilton, which represents 7.1% of all sold properties. This is up 4.2% from the prior 30 day period (February 26 - March 26) and 18.0% less compared to the same period last year. There were 47 condos sold per month on average during the last 12 months.

167 townhomes were sold over the last 30 days (March 27 - April 25) in Hamilton, which is 23.8% of all sold real estate. This is a 57.5% more than during the previous 30 day period (February 26 - March 26) and 31.5% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 98 a month.