Hamilton & Burlington Real Estate Market Update – March 2025
As of March 2025, the real estate markets in Hamilton and Burlington, Ontario, are showing distinct trends shaped by economic factors, supply levels, and buyer demand. Whether you’re looking to buy, sell, or invest, understanding the market dynamics in these two neighbouring cities is crucial.
Burlington & Hamilton: Market Trends Across Property Types
The urban and suburban markets of Burlington and Hamilton are experiencing notable trends across various property types:
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Detached Homes: In January 2025, the average price in the Hamilton-Burlington area was approximately $931,408, reflecting a 2.3% year-over-year increase. However, sales of detached homes declined by 12.6% compared to the previous year, indicating a more cautious buyer approach. canadianrealestatemagazine.ca
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Townhouses/Row Houses: This segment saw a slight decrease in sales by 4.4%, with an average price around $709,738, marking a marginal 0.8% decrease from the previous year. The modest price adjustment suggests a balanced demand-supply scenario. canadianrealestatemagazine.ca
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Condos/Apartments: Sales experienced an 18.5% decline, with average prices at $558,432, a 0.9% decrease year-over-year. The higher inventory levels in this segment offer buyers a broader selection and potential negotiation leverage. judymarsales.com+2canadianrealestatemagazine.ca+2cornerstone.inc+2
Hamilton Real Estate Market Trends
Home Prices: A Market Correction?
In January 2025, the average home price in Hamilton was $757,071, reflecting a 4.8% decrease compared to the same time last year. This dip suggests a period of market cooling, likely influenced by increased inventory levels and more cautious buyers.
However, the benchmark price for a home in the Hamilton-Burlington region was $819,500, which is actually a 0.8% increase year-over-year and a 2.6% increase month-over-month. This indicates that while average selling prices have dipped, overall property values continue to hold strong.
Sales & Inventory Levels: A Shift Towards Balance
- Home sales in January 2025: 369 properties sold (-3.7% YoY)
- New listings: 920 (+35.3% YoY)
- Sales-to-new-listings ratio (SNLR): 40% (down from 90% last month)
With a significant increase in new listings and a moderate decline in sales, Hamilton is shifting towards a more balanced market. An SNLR between 40% and 60% suggests that neither buyers nor sellers have a strong advantage, creating more negotiation opportunities for both sides.
Burlington Real Estate Market Trends
Home Prices: Continued Growth & High Demand
Unlike Hamilton, Burlington’s housing market remains strong, with the average home price hitting $1,105,285 in January 2025—a 14% increase compared to January 2024. This substantial price appreciation signals high demand and a more competitive market for buyers.
In the 28-day period leading up to March 1, 2025:
- Average house price: $1,051,418
- New listings: 744
- Median days on market: 25 days
These figures suggest that despite a rise in new listings, demand remains strong enough to keep prices elevated.
Is Burlington Still a Seller’s Market?
Yes—Burlington’s rising home prices and relatively low time on market indicate a seller’s market. Homeowners looking to sell may benefit from high buyer demand, while buyers should be prepared for competitive bidding scenarios.
Hamilton vs. Burlington: What’s the Market Outlook?
| Market Factor | Hamilton | Burlington |
|---|---|---|
| Average Home Price (Jan 2025) | $757,071 (-4.8% YoY) | $1,105,285 (+14% YoY) |
| Benchmark Price | $819,500 (+0.8% YoY) | Higher than Hamilton |
| New Listings Growth | +35.3% YoY | Increased supply but still competitive |
| Market Type | Balanced Market | Seller’s Market |
| Average Days on Market | Higher than Burlington | 25 days |
Key Takeaways
- Hamilton is shifting toward a buyer-friendly market, with price adjustments and increased inventory creating more opportunities for negotiation.
- Burlington remains a competitive seller’s market, with prices continuing to climb due to strong demand.
- Buyers in Hamilton may have more leverage, while sellers in Burlington can still expect high offers.
What’s Next? Factors Impacting the Market
Several economic and policy factors could shape the real estate markets in Hamilton and Burlington throughout 2025:
1. Interest Rates & Mortgage Affordability
With potential interest rate adjustments from the Bank of Canada, buyers may either rush to secure lower rates or hold off on purchasing, depending on economic conditions.
2. U.S. Tariffs & Their Impact on Construction Costs
Recent tariffs imposed by the U.S. on Canadian imports could lead to higher building material costs, potentially affecting new home construction and renovation costs.
3. Population Growth & Housing Supply
Both cities continue to attract newcomers, increasing housing demand. However, supply levels—especially in Burlington—remain tight, which could sustain higher home prices.
Thinking of Buying or Selling?
If you’re considering selling your home, now might be an excellent time to maximize your return—especially in Burlington’s strong seller’s market.
If you’re a buyer in Hamilton, the market balance and price corrections could offer great opportunities to purchase a home at a more affordable price.
👉 Thinking about selling? Visit my seller’s page for expert guidance on getting the most value for your home.
Final Thoughts
Both Hamilton and Burlington offer unique real estate opportunities in 2025. While Hamilton is experiencing a market correction, Burlington continues to see price growth. Whether you’re buying or selling, staying informed about local trends is key to making the best decision for your real estate goals.
Would you like a personalized market update or home evaluation? Let’s chat! 📩
Stephanie@therealtydeal.com