Hamilton Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Hamilton Housing Inventory

Hamilton vs. Greater Hamilton

About this Report

With Zolo's real estate market trends, you'll get real-time data on Hamilton's housing market. Get real estate facts on average house price, housing inventory, and average days on market. Our home price data is constantly updated. This report analyzes sales history between July 23 - August 20 and measures it against the same period last year. In addition to all these real estate statistics, at the bottom of our report is a list of all cities, ranked based on their home sold price, price growth, days on market, and turnover. With all this content, you'll be empowered with both a comprehensive view of the local Hamilton housing market and a glimpse of the metro area as a whole. All this information is intended to give you a thorough understanding of both the local Hamilton and the Greater Hamilton area, so that ultimately, you'll be able to make a well-informed decision about where you'd like to live. As well, using other helpful MLS stats like the MLS Home Price Index will give you more context on the housing market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."