Hamilton · March 2026
Hamilton Market Report — March 2026
$722,960
Average price ▲ $3,705
1792
Active listings ▲ 181
45
Avg. days on market ▼ 5
Every figure in this report is drawn from ITSO / Cornerstone Association of REALTORS® MLS® data for the Hamilton service area, current as of April 2, 2026. It’s the same source data REALTORS® use, presented in plain language.
Key takeaways
- Hamilton’s average sale price was $722,960 in March 2026, down 8.7% year-over-year — one of the steepest declines in this report series so far.
- Single-family sales fell 10.8% year-over-year to 280 homes, while townhouse and condo sales actually rose 11.3% to 168 — a reversal of the pattern that would show up later in the spring, when single-family demand recovered and condo demand fell back.
- Townhouse and condo median price fell 9.6% year-over-year to $578,750, the sharpest price decline of any metric here; single-family median price fell 8.0% to $722,500.
- Days on market jumped across the board: single-family homes took 39 days to sell (+34.5% year-over-year), and condos/townhouses took 55 days (+19.6%).
- Hamilton’s housing affordability index improved for both segments — single-family to 59 (+11.3%) and condo/townhouse to 74 (+13.8%) — a rare bright spot for buyers in an otherwise soft month.
March 2026 at a glance
Hamilton’s average sale price was $722,960 in March, down 8.7% from a year earlier and the softest reading of the past several months. Sales across all property types totalled 448, down 3.7% from 465 a year earlier, while new listings fell a steeper 7.9% to 1,072. Sellers received 97.2% of their asking price on average, down from 98.4% a year earlier. The median sale price across all property types was $659,900, down 7.7% from $715,000 a year earlier.
Where prices have actually moved: single-family vs. condo/townhouse
The city-wide figures mask a real divergence between property types — one that points in the opposite direction from what later months in this data set would show. Single-family sales fell sharply, down 10.8% year-over-year to 280, even as new listings in that segment also pulled back (down 7.2%). Townhouses and condos saw the opposite: sales actually grew, up 11.3% to 168, even as new listings in that segment fell 9.1% — demand outpacing a shrinking supply of new listings in that one segment, for now.
| March 2026 | Single Family | Townhouse / Condo | All Residential |
|---|---|---|---|
| Median price | $722,500 (−8.0% YoY) | $578,750 (−9.6% YoY) | $659,900 (−7.7% YoY) |
| Average price | $809,456 (−7.5% YoY) | $578,800 (−6.4% YoY) | $722,960 (−8.7% YoY) |
| New listings | 692 (−7.2% YoY) | 380 (−9.1% YoY) | 1,072 (−7.9% YoY) |
| Sales | 280 (−10.8% YoY) | 168 (+11.3% YoY) | 448 (−3.7% YoY) |
| Days on market | 39 (+34.5% YoY) | 55 (+19.6% YoY) | 45 (+32.4% YoY) |
| Months of supply | 3.5 (−2.8% YoY) | 4.9 (+11.4% YoY) | 3.9 (0.0% YoY) |
Months of supply tells a more balanced story than sales alone: single-family sits at 3.5 months, still closer to seller-favourable territory, while condos and townhouses have climbed to 4.9 — a meaningfully looser reading, even with sales in that segment actually up year-over-year, because new listings and inventory pulled back even faster.
Curious how specific pockets of the city compare? See our neighbourhood guides for Westdale, known for character single-family homes; Crown Point, popular with first-time buyers and investors; and Binbrook, Hamilton’s newer-build suburban segment.
Year-to-date: how the first three months of 2026 compare to 2025
A single month can be noisy. Looking at the full three-month stretch from January through March gives a steadier read on where 2026 actually stands against 2025.
| YTD (Jan–Mar) | Single Family | Townhouse / Condo | All Residential |
|---|---|---|---|
| Sales | 715 (−15.0%) | 394 (−3.0%) | 1,109 (−11.1%) |
| Average price | $806,404 (−5.7%) | $577,607 (−5.2%) | $725,118 (−6.4%) |
| New listings | 1,646 (−16.1%) | 959 (−12.0%) | 2,605 (−14.7%) |
| Days on market | 46 (+21.1%) | 56 (+16.7%) | 50 (+19.0%) |
The year-to-date numbers confirm a broadly soft start to 2026: sales and new listings are both down across every segment, average price is softer everywhere, and homes are taking noticeably longer to sell than they did over the same stretch in 2025 — even with the single-family/condo sales split flipping from month to month.
The nine-month price trend
Looking at the city’s combined average price month by month tells a more textured story than any single comparison. Prices started this window at $773,964 in July, slid through the fall, and bottomed in December at $662,209 — typical seasonal softness, exaggerated by thin sales volume. They’ve climbed back since, but March’s $722,960 is still well below where the window began, and the steepest year-over-year decline of any month shown here.
Demand and supply: sales, new listings, and inventory
New listings fell faster than sales did in March — down 7.9% year-over-year against a 3.7% sales decline — which is part of why overall months of supply held flat at 3.9, unchanged from a year ago, even as the pace of transactions slowed. Active inventory at the end of March stood at 1,792 homes, down 5.4% from a year earlier.
The charts below tell different stories by segment. Single-family inventory fell 4.8% year-over-year to 1,109 active listings, while condo and townhouse inventory declined more sharply, down 6.4% to 683 — even as condo and townhouse sales grew, which is exactly why that segment’s months of supply still climbed: demand and supply both shrank, but supply (new listings especially) shrank faster.
How long homes are taking to sell
Days on market jumped sharply in March across both segments. Single-family homes took 39 days to sell, up 34.5% from 29 days a year earlier — the largest year-over-year increase of any metric in this report. Condos and townhouses took 55 days, up 19.6% from 46. The year-to-date average of 50 days is running 19.0% ahead of the same period in 2025, a clear sign that buyers are taking more time to commit than they did a year ago, regardless of which segment is technically “winning” on sales volume that month.
Home values are still adjusting
The ShowingTime Housing Value Index, which adjusts for seasonality and segment mix to track real underlying value rather than the raw sale price of whatever happened to sell in a given month, fell across the board in March. Single-family’s index dropped 12.1% year-over-year to 160, and condos and townhouses fell 8.0% to 150. Both segments moving down together — even with sales volume splitting in opposite directions between them — is a useful confirmation that the price softness in this report reflects a genuine shift in underlying value, not just a change in which homes happened to close.
Affordability moved the other way
One number bucking the broader slowdown: Hamilton’s affordability improved for both segments. The single-family affordability index rose to 59 from 53 a year earlier, and the year-to-date reading of 59 is up 9.3% from 54 over the same three months of 2025. Condos and townhouses saw an even larger gain, climbing to 74 from 65 (+13.8%), with a year-to-date reading of 73, up 9.0%. A higher reading means a typical household qualifies more comfortably for a median-priced home under current rates and incomes than it did a year ago — a genuinely encouraging data point inside an otherwise soft report.
The national backdrop
Hamilton’s softness in March tracked a broader national pullback. The Canadian Real Estate Association reported that home sales nationally slipped 1.3% month-over-month and 8.1% year-over-year — a steeper national decline than Hamilton’s own 3.7% drop. RBC Assistant Chief Economist Robert Hogue noted that sales activity was slower in Ontario and British Columbia specifically, while other regions, including parts of Alberta and Quebec, were showing early signs of moderation as well. The national MLS® Home Price Index dipped 0.6% month-over-month and was down 4.8% year-over-year on a non-seasonally adjusted basis. New listings fell 3.9% nationally from the previous month, leaving 151,850 properties listed on Canadian MLS® Systems heading into March — roughly a five-month supply at the current sales pace.
What this means if you’re buying or selling
If you’re selling a detached or semi-detached home, March’s numbers call for realistic pricing: sales fell more than 10% year-over-year and days on market jumped by over a third, so competing on price and presentation matters more than it did a year ago. See our guide on how to prepare your home for sale for what tends to move the needle most. If you’re selling a condo or townhouse, the sales growth in that segment is a genuinely encouraging sign, even with a softer median price — buyers are still showing up, just at a lower price point than last year.
If you’re buying, March offered real room to negotiate in both segments: prices down, days on market up, and sellers receiving a smaller share of their asking price across the board. Improved affordability in both segments adds to the case for buyers who’ve been waiting on the sidelines. If you’re working through the process for the first time, our key steps to buying a house walks through what to expect. Investors weighing the condo segment’s renewed sales activity against its softer pricing may also want our essential steps for buying an investment property.
Frequently asked questions
Are home prices dropping in Hamilton in 2026?
Yes, on a year-over-year basis. The average sale price across all property types was down 8.7% in March 2026 versus March 2025, and the median price was down 7.7% — among the steepest declines in this report series. Condo and townhouse median price fell even more sharply, down 9.6%.
Is Hamilton a buyer’s market or a seller’s market right now?
It depends on the segment. Single-family homes, at 3.5 months of supply, are still relatively tight — closer to seller-favourable than balanced. Condos and townhouses, at 4.9 months of supply, are closer to a genuinely balanced market.
What is “months of supply” and why does it matter?
Months of supply is the number of months it would take to sell all current inventory at the current pace of sales. Lower numbers (roughly under 4) favour sellers; higher numbers (roughly above 6) favour buyers. Hamilton’s overall reading of 3.9 sits in seller-favourable territory, even though days on market and prices both moved against sellers this month. For more terms like this, see our real estate terms glossary.
How does Hamilton’s market compare to the rest of Canada?
Hamilton’s sales decline was actually milder than the national trend in March. CREA reported Canadian home sales down 8.1% year-over-year, more than double Hamilton’s 3.7% decline, with the national home price index down 4.8% year-over-year — Hamilton’s price softness is real, but its sales volume held up better than the country as a whole.
About this report
Figures in this report come from ITSO Monthly Indicators data for the Hamilton service area, compiled by the Cornerstone Association of REALTORS® and ShowingTime Plus, LLC, current as of April 2, 2026. “Single Family” includes detached and semi-detached homes; “Townhouse/Condo” includes townhouse, condo, and semi-detached-style attached properties as classified by ITSO. Percent changes are calculated using rounded figures and may not sum exactly.
Curious how these numbers apply to a specific property, or want a more detailed read on a particular Hamilton neighbourhood? Get in touch for a no-obligation conversation, browse current Hamilton-area listings, or get a free home value estimate. New reports are published monthly — see the full archive on the market reports page, including how the market continued into April 2026.
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