October 2025

October 2025 added another data point to what is shaping up as Hamilton’s slowest real estate year since 2010. Sales declined again year over year, inventory remained elevated, and prices continued their correction from the 2022 peak. But October also contained some signals worth paying attention to — particularly in the data on new listings, which are beginning to trend down in a way that could meaningfully affect conditions heading into 2026.

Here is a straight read of what happened in Hamilton in October 2025.

October 2025 at a Glance — The Key Numbers

Hamilton recorded 463 residential sales in October 2025, a decline of 17.3% from October 2024. New listings came in at 1,170 — down 3.3% year over year — while total inventory sat at 2,461 active listings, up 13.1% from the same month last year. The sales-to-new-listings ratio was 40%, and months of supply reached 5.32 — up 36.9% year over year and clearly in buyer’s market territory.

The average residential sale price in October was $781,277, down 4.5% from October 2024. The median sale price was $695,000, down 4.3%. Homes sat on the market for an average of 39 days — up 7.8% year over year. The unadjusted benchmark price fell to $700,100 — down over 8% from last year and the lowest reading since before the pandemic surge.

Year to date through October, Hamilton has recorded 4,894 total residential sales — down 8.3% from the same period in 2024, and among the lowest levels reported in over a decade.

October 2025 by Property Type

The correction continued unevenly across property categories in October, with non-detached segments continuing to face the greatest pressure.

Detached homes recorded 323 sales — down 14.3% year over year. The average price was $856,325, down 5.7%, and the median was $735,000, down 7%. The benchmark price for detached homes came in at $765,900, down 7% year over year. Days on market averaged 36 days and months of supply sat at 4.76 — still elevated but the tightest reading of any residential category in October.

Semi-detached homes saw 22 sales — down 12% year over year — with an average price of $704,444 and a benchmark of $695,500, down 5% year over year.

Row homes recorded 78 sales — down 28.4% — with an average of $661,371 and a benchmark of $610,400, down 5% year over year. Months of supply at 5.62 reflects significant buyer leverage in this segment.

Apartment-style condos continued to face the steepest corrections. With 38 sales in October — down 17.4% — and a benchmark price of $402,900, down 14% year over year, the condo segment remains the most challenged category in Hamilton’s market. Months of supply at 9.34 is nearly double the balanced market threshold, meaning buyers in this segment have considerable negotiating room.

Benchmark Prices by Property Type — October 2025

The benchmark price data gives the clearest apples-to-apples view of where values sit for a typical home in each category.

Detached homes: $765,900, down 7% year over year.

Semi-detached homes: $695,500, down 5% year over year.

Row homes: $610,400, down 5% year over year.

Apartments and condos: $402,900, down 14% year over year.

The apartment benchmark decline of 14% is the steepest of any category and has been the consistent story throughout 2025. For context, the year-to-date average benchmark across all property types reflects a market that has now returned to approximately 2021 price levels — erasing most of the gains from the 2021–2022 run-up.

What the Numbers Look Like by Neighbourhood

October’s data varied considerably across Hamilton’s districts, and the city-wide average tells only part of the story.

Dundas stands out as the most balanced market in October — 24 sales, a sales-to-new-listings ratio of 63%, and just 3.17 months of supply. The average price was $1,203,257, up 23.4% year over year — though Dundas’s thin volume makes monthly averages volatile. The full-year average of $1,003,585 is the more reliable figure and reflects Dundas’s consistent strength as one of Hamilton’s most sought-after areas.

Hamilton Mountain was the highest-volume district with 136 sales — essentially flat year over year, down just 1.4% — with an average price of $685,888. The Mountain’s months of supply at 3.96 is the second-tightest reading of any district, suggesting relatively balanced conditions for detached homes in this area.

Ancaster averaged $1,183,000 on 38 sales — down 25.5% in volume year over year, with months of supply at 6.55. The full-year Ancaster average of $1,154,624 is down 3% from 2024, reflecting modest but consistent correction at the upper end of Hamilton’s market.

Stoney Creek recorded 57 sales — down 25% — with an average of $800,220 and months of supply at 7.16. The full-year Stoney Creek average of $808,166 is down 2.8% year over year.

Hamilton Centre averaged $521,420 on 52 sales, with months of supply at 6.17. Hamilton East averaged $609,478 on 56 sales — relatively stable year over year in price terms, down just 1.4%. Waterdown averaged $890,015 on 26 sales, down 9% year over year.

What This Means for Hamilton Buyers

For buyers, October 2025 continues to represent conditions that have not been this favourable since before the 2020 pandemic surge. Months of supply at 5.32 overall — and approaching 10 months in the apartment segment — means buyers have time, options, and negotiating leverage that simply did not exist two or three years ago.

The $600,000 to $799,999 bracket dominated October sales volume, consistent with where most Hamilton detached and semi-detached inventory is concentrated. The under-$400,000 segment also saw notable activity, reflecting the continued softness in the condo and apartment market bringing entry-level pricing down.

The key question for buyers watching the October data is timing. New listings fell 3.3% year over year in October — the beginning of a trend that, if it continues through the winter, will tighten the supply picture heading into spring 2026. Buyers who have been waiting for the absolute bottom should be aware that supply is beginning to contract even as prices continue to adjust.

Browse current MLS listings across Hamilton, Ancaster, Stoney Creek, and Burlington to see what is available at current price levels.

What This Means for Hamilton Sellers

For sellers, October reinforces what has been the consistent message throughout 2025: accurate pricing from day one is the most important factor in achieving a successful sale. With 39 average days on market and months of supply above 5, buyers are not under pressure and they have alternatives. Homes that entered October priced above current comparable sales sat, accumulated days on market, and typically sold for less than they would have at the right price.

The detached segment in Dundas and on the Mountain showed relative resilience — months of supply under 4 in both areas suggests there is real demand for well-priced properties in these locations. Sellers in Hamilton Centre, Stoney Creek, or the condo segment face a more challenging environment and need to be especially realistic about current comparable sales data rather than pricing against what similar homes sold for in 2023 or 2024.

The first step is knowing your real number based on current market conditions. Frank’s free home evaluation gives you that — no obligation, no pressure.

Looking Ahead — What October Sets Up for the Final Quarter

October’s data sets the stage for the final two months of 2025. The combination of declining new listings, elevated but not growing inventory, and persistent buyer caution suggests the market is approaching a point of equilibrium — not a recovery, but a stabilisation of the correction that has been underway since late 2022.

The signals to watch through November and December: whether months of supply begins to meaningfully decline as listings thin seasonally; whether the apartment segment finds any support given its elevated inventory levels; and whether the rate environment provides any additional relief to buyers who have been sitting on the sidelines.

For anyone thinking about buying or selling in Hamilton before year-end or positioning for a spring 2026 transaction, October’s data makes one thing clear — local knowledge and accurate pricing matter more now than at any point in the past several years.

Frank Lombardo covers Hamilton, Ancaster, Stoney Creek, Burlington and the surrounding area. If you have questions about what October’s numbers mean for your specific neighbourhood or property, reach out directly.

Call or text: 905-730-2747