Hamilton Real Estate Listings & Homes for Sale

As of November 2024, Hamilton's housing market exhibited a balanced state, with an average home price of $817,900, marking a 1.7% year-over-year increase. etached homes averaged $892,800, up 3.5%, while townhouses reached $694,900, a 1.7% rise. Conversely, condo prices declined by 5.1% to $519,000. The market's sales-to-new-listings ratio stood at 58%, indicating equilibrium between buyers and sellers. Notably, the average home price remained approximately 22% below the February 2022 peak, reflecting the market's adjustment from previous highs.

Hamilton's real estate market has been notably competitive. In June 2023, homes sold twice as fast compared to six months prior, averaging 19 days on the market. Despite a 19% decrease in sales from the previous year, the average house price reached $831,540, indicating sustained buyer interest. The sales-to-new-listings ratio (SNLR) stood at 54% in November 2024, suggesting a balanced market. However, the average number of days on the market increased to 40.1 days from 36.5 days in the previous month, reflecting a slight shift towards more favorable conditions for buyers.

Hamilton, Ontario, presents a compelling choice for homebuyers due to its strategic location, affordable housing market, and vibrant cultural scene. Situated near major highways and public transit, the city offers convenient access to Toronto and other neighboring areas, making it ideal for commuters. Hamilton's real estate market is relatively affordable compared to larger cities, providing a range of housing options that cater to diverse budgets. Additionally, the city boasts a rich cultural heritage, with numerous museums, art galleries, and a thriving food scene, enhancing the quality of life for its residents.