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Hamilton Housing Market Report

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Market Report Summary for July 2025
Updated August 12th, 2025
  • In July 2025, Hamilton's average home price decreased by 2.3% year-over-year, with the average sold price now at $767,654 for July 2025.
  • The benchmark price for a home in the Hamilton-Burlington region was $763,700 in July 2025, a decrease of 9.5% compared to July 2024 and a 1.6% decrease from last month.
  • Detached home average price decreased by 2.9% year-over-year to $848k.
  • Semi-detached average price decreased by 9% year-over-year to $626k.
  • Townhouse average price decreased by 4.9% year-over-year to $644k.
  • Condo apartment average price decreased by 1.1% year-over-year to $426k.
  • September 5, 2025 Update: Today’s Lowest mortgage rates in Hamilton is 3.99% for 3-Year Fixed.

Hamilton Housing Market Overview

Data for July 2025
Avg. Sold Price:$767,654
All Property Types:$767,654
Detached:$848,186
Semi-Detached:$625,776
Townhouse:$644,194
Condo Apartment:$426,439
Transactions (Buy/Sell):529
All Property Types:529
Detached:372
Semi-Detached:29
Townhouse:82
Condo Apartment:44
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Hamilton Housing Market: Price Movements for July 2025

Benchmark*

Home Price

$763,700

-1.6%

1-Month Change

-9.5%

1-Year Change

Average

Home Price

$767,654

-6.6%

1-Month Change

-2.3%

1-Year Change

Median

Home Price

$690,000

-5.8%

1-Month Change

-3.4%

1-Year Change

Note: The MLS HPI benchmark price represents the value of a ‘typical’ home in the area.

*The benchmark price is for the entire Hamilton-Burlington region, including Hamilton, Burlington, Haldimand County and Niagara North.

Hamilton Market Condition
Balanced
This Month’s SNLR: 42%
An SNLR between 40% and 60% indicates a balanced market.

Home prices in Hamilton’s housing market showed no signs of recovery as they continued their downward trend in July 2025. The City of Hamilton’s average home price decreased by 2.3% from July last year to $767,654. The average home price declined sharply by 6.6% on a monthly basis. According to long-term statistics, the city's average home price has risen by roughly 22% over the past five years.

The Hamilton-Burlington area's MLS benchmark price, which is the price of a typical property, witnessed a much steeper annual decline of 9.5% year over year.

wahi map

The average home prices in the different regions of Hamilton-Burlington were as follows:

  • Hamilton - $767,654
  • Burlington - $1,116,820
  • Haldimand - $659,655
  • Niagara North - $760,190

The total number of sales in Hamilton was 529, while in the Hamilton-Burlington area, it was 886. Meanwhile, 1,257 properties were newly listed in Hamilton, and there were 1,945 new listings in the entire Hamilton-Burlington area.

The sales-to-new listings ratio in Hamilton was 42%, indicating balanced market conditions. At the end of July, there were 2,506 homes in inventory with 4.7 months of supply. The average days on the market were 37.9 days.

Home Prices in Hamilton

Hamilton Housing Market Statistics for All Property Types in July 2025

Average Sold Price and MLS HPI Benchmark Price

Note: MLS Benchmark displayed is for Hamilton-Burlington

Total Transactions

Best 5-Year Fixed Mortgage Rates in Hamilton
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Market Overview for Detached Homes in July 2025

Average Sold Price

New Listings

Market Overview for Semi-Detached in July 2025

Average Sold Price

New Listings

Market Overview for Townhouse in July 2025

Average Sold Price

New Listings

Market Overview for Condo Apartments in July 2025

Average Sold Price

New Listings

Hamilton-Burlington Breakdown by Region for July 2025

Glossary and Definitions

MLS® HPI: The MLS® Home Price Index (HPI) is an index by the Canadian Real Estate Association (CREA) that tracks the prices of homes in a neighborhood. It allows Canadians to quickly compare home prices across Canada and between periods of time without having to account for specific features of a property. Unlike market prices, which can fluctuate from month to month based on seasonal dynamics, the HPI provides a stable view tracks trends across a longer period of time. The HPI is reviewed every year in May to adjust for changes in the real estate marketplace.

MLS® HPI Benchmark Price: The MLS® Home Price Index (HPI) Benchmark Price is the HPI translated into a real-world price number.

Strata Insurance: Strata insurance is insurance used by a strata like a condominium to covers damages to common areas and assets and liability to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. The insurance can cover:

  • Buildings and structures associated with the strata including common areas such as the roof, parking garages, driveways, gyms, pools, etc.
  • Liability for any property damage or bodily injury suffered on strata property
  • Any fixtures that are part of the "standard unit" or original construction of each unit

Strata insurance does not usually include personal items and appliances that are part of a condo unit. It also does not cover the damages made by individual unit owners, such as in the case of water damage caused by a unit owner. These are usually covered by personal condo insurance.

Property types

Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.

Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.

Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.

Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.

Plexes are multi-story buildings with two to four individual units, usually one on each floor. They are a mainstay in Montreal and other cities in Quebec. Each unit is usually individually accessible via an external entrance with higher floors connected by staircases.

Property Classes

Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.

Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.

Leasehold: Leasehold describes the situation where different entities own the land and the structure built on the land. Owner of the buildings has leased the land and pay rent to their landlord while owning the building on the land.

Housing Markets Across Canada

Data sourced from the RAHB and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
  • Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
  • The trademarks MLS®, Multiple Listing Service®, and associated logos are owned by CREA and identify services provided by its members.