Hamilton, often hailed for its vibrant culture and proximity to natural beauty, is home to a thriving real estate market. Current Hamilton MLS® stats indicate an average house price of $1,032,457 and 1217 new listings in the last 28 days. As of today, Hamilton housing data shows median days on the market for a home is 15 days.
1. Listings on Market:
The Hamilton real estate marketv offers an abundance of housing options, spanning homes, townhomes, and condos.
Hamilton presently boasts an impressive 1,510 homes listed on the market, providing an extensive array of choices for residents and newcomers. These homes embody a blend of character and contemporary living.
For those who favour townhome living, Hamilton presents 336 listings, showcasing the allure of this housing style for those who value convenience and community living. Condos offer 332 options for those seeking a more compact and maintenance-free lifestyle.
2. Average Listings Price Last month:
The average listing prices for homes, townhomes, and condos over the past three months provide insights into the affordability and investment potential of these properties:
The average listing price for homes in the last three months stands at $1.1 million, reflecting the enduring appeal of Hamilton’s residential offerings.
Notably, townhomes have experienced a modest 0.49% increase in the average listing price during the same period, indicating a steady market.
Condos maintain their affordability in Hamilton, with an average listing price of $568.4 thousand in the past three months.
3. Change in Average Listing Price:
Understanding the change in average listing prices unveils subtle market dynamics:
Over the past three months, there has been no change in the average listing price for homes, reflecting market stability.
Townhomes have seen a slight 0.49% increase in the average listing price, indicating a measured and steady demand.
Condos have maintained their pricing, showcasing the consistency in this housing category.
4. Average SOLD Price Last month:
The average sold price for homes, townhomes, and condos in the past three months reflects actual transaction values:
Homes in Hamilton have seen an average selling price of $1 million in the last three months, demonstrating the competitiveness of the market. The average sold price for townhomes in the past three months is $815.2 thousand, indicating steady demand for this housing category.
The condo market in Hamilton has experienced a 4.1% increase in the average sold price, suggesting a growing market.
5. Change in Average SOLD Price:
Analyzing the change in the average sold price provides insights into market dynamics:
The change in the average sold price for homes reflects a notable 5.05% increase, signifying robust demand and appreciation in property values. Townhomes have witnessed a 1.72% increase in the average sold price, showcasing the attractiveness of this segment to buyers. The condo market has experienced a 4.1% increase in the average sold price, reflecting a dynamic market.
Inventory & SOLD Statistics:
In the past 60 days, the Hamilton real estate market has displayed vitality, with key statistics as follows:
There were 2,762 new home listings, with 889 homes sold during this period. The average days on the market for homes stood at 18 days, and the selling-to-listing price ratio was an impressive 100.24%. These figures underscore the competitiveness and robustness of Hamilton’s home market.
Hamilton recorded 762 new townhome listings and 277 townhomes sold in the last 60 days. With an average days on the market of 15 days and a selling-to-listing price ratio of 100.67%, this housing segment showcases efficiency and compelling pricing dynamics.
For condos, there were 453 new listings and 123 condos sold in the last 60 days. The average days on the market for condos was 25 days, and the selling-to-listing price ratio was a solid 99.7%. Condos remain a strong and enduring component of Hamilton’s real estate landscape.
