Hamilton City Real Estate Market
Hamilton, a city blending a rich industrial past with cultural vibrancy, offers a dynamic real estate landscape. Hamilton MLS® current statistics indicate an average house price of $1 Million and 1217 new listings in the last 28 days. Recent Hamilton housing real estate market data shows median days on the market for a home is 15 days.
Listings on the Market:
The city currently boasts an impressive 1510 homes on the market, ensuring a diverse array of housing options for prospective residents. Among these, 336 townhomes add a suburban touch to Hamilton real estate market spectrum, catering to those seeking a more communal living experience. Additionally, the city features 332 condos, providing a blend of modern urban living and convenient accessibility.
Average Listing Price in February:
Understanding the financial aspects is crucial for anyone entering the real estate market. Hamilton’s homes command an average listing price of $1.1M, indicative of the city’s growing prominence in the real estate landscape. For those interested in townhomes, the average listing price stands at $783.3K, offering an attractive option for potential buyers. Similarly, condos present a more accessible entry point into the market, with an average listing price of $568.4K.
Change in Average Listing Price:
Stability is a cornerstone of a healthy real estate market, and Hamilton exhibits just that. The average listing price for homes has shown no significant change, reflecting a balanced market. Townhomes, experiencing a modest 0.49% increase in the average listing price, indicate a steady and sustainable demand. Condos, with no change in their average listing price, showcase equilibrium in this segment of the market.
Average SOLD Price in February:
The average SOLD price for homes over the last three months is $1M, representing a notable 5.05% increase. This increase not only reflects the city’s recognition as a valuable real estate market but also signals the potential for a return on investment. Townhomes, with an average SOLD price of $815.2K, demonstrate sustained desirability. Condos, with an average SOLD price of $553.1K, showcase a 4.1% increase, further attesting to their attractiveness as an investment option.
Change in Average SOLD Price:
The 5.05% increase in average SOLD prices for homes underscores the city’s appeal to both residents and investors alike. Townhomes and condos, with 1.72% and 4.1% increases, respectively, highlight the evolving nature of Hamilton’s housing values. This evolving landscape provides a dynamic market, catering to various preferences and financial capacities.
Inventory & SOLD Statistics:
The last 60 days have seen robust real estate activity in Hamilton. The city witnessed an influx of 2762 new listings, indicating a dynamic and responsive market. Simultaneously, 889 homes were sold during this period, showcasing a healthy transaction volume.
Townhomes have played a significant role in this activity, contributing 762 new listings and witnessing the sale of 277 homes. The impressive 100.67% selling-to-listing price ratio in this segment indicates a buoyant market with high demand and favourable selling conditions.
Condos, with 453 new listings and 123 homes sold, reveal a nuanced interplay between supply and demand. The 99.7% selling-to-listing price ratio signifies a well-balanced market, where properties are selling close to their listed prices.
