Residential Real Estate Market Report May 2025

The Hamilton Real Estate Market in May 2025 shows that continued economic uncertainty and instability has both sellers and buyers remaining cautious. Weak sales plus increasing inventory shows an increase in the months of supply (the inventory available for sale) now sitting at 4.1 months, the highest in May since 1998.  There were 908 Sales across the Hamilton, Burlington, Haldimand County, and Niagara North areas. This is 13% higher than April, however, 14% lower than May 2024.

The overall Average Residential Price in May (including all property types throughout the Hamilton-Burlington-Haldimand-Niagara North areas) decreased by 5% since this time last year, to $852,483. The year-to-date average is now $850,318, down from last year but up from last month. Please take a look at the following chart for specific area year-to-date average prices.

May 2025 had 2,319 Total Residential Listings come through the Hamilton Real Estate Board. Hamilton had 1,449 of those, up 0.6% from May 2024, and Burlington’s share was 503 up 0.8% from the same month last year.

The overall average price for residential properties decreased again month over month from $861,196 to $852,483. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 568, down 13.1% from May 2024, with an average price of $777,786, down 4.5% from the same month last year, and also down from last month, which was $791,384. Burlington had 196 Sales, which is down 19.3% from last year, with an average price of $1,134,994, which is down 2.6% from May 2024, and also down from last month’s average of $1,178,724. For 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 2,356 Active Residential Listings up 27.8% over May 2024, giving Hamilton 4.15 months of supply compared to 4.16 months supply last month. Burlington has 722 Active Residential Listings up 32.5% over the same month last year, giving it 3.68 months of supply compared to 4.07 last month. Overall, the number of Active Listings Available in the entire area covered by The Hamilton Burlington Real Estate Board at the end of the month now sits at 3,740 properties for sale, which is 4.12 months supply, compared to 3,018 and 2.85 months of supply one year ago in May 2024, and 3,333 properties for sale with 4.14 months of supply last month in April 2025. The average days on the market is up from this month last year, sitting at 31, however, down slightly from last month (33 days), to sell a home in Hamilton. In Burlington it is also up from last year sitting at 29, which is higher than last month (25 days).

The Hamilton-Burlington Area is still experiencing a the Buyers Market Status, where the ratio of Homes Sold to Homes Listed falls below 40%, currently sitting at the 39% (4 homes sold for every 10 listed).

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 – $1,143,110 – Down

Flamborough – $1,219,819 – Up

Waterdown – $999,755 – Down

Grimsby – $868,213 – Up

Caledonia – $756,772 – Down

Cayuga – $871,760 – Up

Dunnville – $614,789 – 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 the 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 May 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.