Residential Real Estate Market Report March 2025

​The Hamilton Real Estate Market in March 2025 marked the lowest level of sales for that month since 2009, with only 701 total sales. Looking at the first quarter of 2025, the sales reached 1,854, which is 27% lower than last year's levels. Housing activity is being impacted by the continued uncertainty about tariffs. It has definitely slowed sales throughout this first quarter. Accompanying the pullback in sales was a significant increase in new listings. The sales-to-new listings ratio now sits at 40%, which is the top end of a Buyers' Market, a 2% decrease from last month. This will give buyers more options, and with the increased inventory levels, it will give them more time with properties sitting longer on the market.

The overall year-to-date Average Residential Price (including all property types throughout the Hamilton-Burlington areas) decreased by 3.2% since this time last year. (For specific area average prices, please see the chart below). With new listings increasing by 4.5% year over year, the inventory of properties currently available for sale increased by 31%. This gives us 4.2 months of supply, notably higher than levels typically reported in March.

March 2025 had 1,758 Total Residential Listings come through the Hamilton Real Estate Board. Hamilton had 1,111 of those, up 4.4% from March 2024, and Burlington's share was 357 up 5.9% from the same month last year.

The overall average price for residential properties increased this month from last month ($812,600) to $876,520. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 444 down 29.1% from March 2024, with an average price of $788,968 down 4.8% from the same month last year, however, slightly up from last month, which was $764,837. Burlington had 155 Sales, which is down 33.8% from last year, with an average price of $1,194,928, which is up 4.1% from March 2024 and also up from last month's average of $1,065,534. For ALL Year-To-Date Average Prices, please see the charts below.

The end-of-month listing inventory, which is a good indication of the type of market currently being experienced, now sits at 1,887 Active Residential Listings, up 39.5% over March 2024, giving Hamilton 4.25 months of supply compared to 4.3 months supply last month. Burlington has 513 Active Residential Listings up 35.4% over the same month last year, giving it 3.31 months of supply compared to 4.55 last month. Overall, the number of Active Listings Available in the entire area covered by The Hamilton Burlington Real Estate Board (now part of Cornerstone) at the end of the month now sits at 2,913 properties for sale, which is 4.16 months supply, compared to 2,222 and 2.15 months of supply one year ago in March 2024, and 2,599 properties for sale with 4.5 months of supply last month in February 2025. The average days on the market is up from this month last year, sitting at 35, however, down slightly from last month (37 days) to sell a home in Hamilton. In Burlington, it is also up from last year, sitting at 26, however, slightly up from last month (24 days).

The Hamilton-Burlington Area is now experiencing the Balanced Market Status, where the ratio of Homes Sold to Homes Listed falls between 40% and 60%, currently sitting at the 40% (4 homes sold for every 10 listed). This is right on the edge of a Buyers' Market, where the ratio is below 40%.

Year-to-date Average Prices For Hamilton

The map below shows the current Year-To-Date Average Residential Prices. When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. If you are thinking of selling your house or condominium, get the most up-to-date. Here are a few other areas that are not listed on the map below.

Burlington - $1,130,582 - Up

Flamborough - $1,217,852 - Down

Waterdown - $1,022,707 - Down

Grimsby - $814,850 - Down

Caledonia - $771,788 - Up

Cayuga - $840,769 - Up

Dunnville - $569,638 - Up

Note that the “Average Sale Price" is based on the total dollar volume of all properties sold through the RAHB MLS® System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value.” What that means is, that not every house or condo has increased in price by the same percentage. It is really important to talk to an experienced local REALTOR® to see EXACTLY what is happening in your particular neighbourhood. It is also important to find out what you can do to your house to get the highest amount possible when you are ready to sell!

In this Market, it is important that you know about the houses getting listed immediately! Click Here to get set up on a Instant Listings Notification Search, otherwise, you will only know about listings once they are reported to the public sites. If you wait till you see it on Realtor.ca or other sites, it's too late, and is probably already SOLD!

MLS® Property Listings March 2025

Note: Numbers of sales represent sales reports on properties listed on the Multiple Listing Service (MLS®) of the REALTORS® Association of Hamilton-Burlington. The average price is calculated by dividing the total dollar volume of sales (not shown) by the number of sales in that month.