Hamilton · April 2026
Hamilton Market Report — April 2026
$782,148
Average price ▲ $59,188
2074
Active listings ▲ 282
35
Avg. days on market ▼ 10
Every figure in this report is drawn from ITSO / Cornerstone Association of REALTORS® MLS® data for the Hamilton service area, current as of May 2, 2026. It’s the same source data REALTORS® use, presented in plain language.
Key takeaways
- Hamilton’s average sale price was $782,148 in April 2026, down 1.7% year-over-year, but a sharp jump from March’s $722,960 as spring activity picked up.
- Single-family sales rose 0.8% year-over-year to 359 homes — one of the few metrics in this report moving in sellers’ favour — while townhouse and condo sales fell 22.3% to 139, the steepest decline of any figure here.
- Single-family median price fell 5.1% year-over-year to $745,000; condo and townhouse median price fell 3.2% to $600,000.
- Townhouse and condo months of supply climbed to 5.8 (+13.7% year-over-year), solidly buyer-favourable, while single-family held essentially steady at 4.1 months (−2.4%).
- Hamilton’s housing affordability index improved for both segments — single-family to 58 (+9.4%) and condo/townhouse to 72 (+7.5%) — one of the only bright spots for buyers in an otherwise softer market.
April 2026 at a glance
Hamilton’s average sale price was $782,148 in April, down 1.7% from a year earlier, though that figure jumped considerably from March’s $722,960 as the spring market got underway. Sales across all property types totalled 498, down 6.9% from 535 a year earlier, while new listings fell a more modest 4.5% to 1,288. Sellers received 97.3% of their asking price on average, just under last year’s 98.0%. The median sale price across all property types was $700,000, down 3.4% from $724,900 a year earlier.
Where prices have actually moved: single-family vs. condo/townhouse
The city-wide figures mask a real divergence between property types. Single-family sales actually grew year-over-year, up 0.8% to 359 — even as new listings in that segment fell 2.8%, a combination that kept single-family months of supply essentially flat. Townhouses and condos saw the opposite: sales fell sharply, down 22.3% to 139, even though new listings in that segment also declined (down 7.5%) — demand pulled back faster than supply did, pushing months of supply up to 5.8.
| April 2026 | Single Family | Townhouse / Condo | All Residential |
|---|---|---|---|
| Median price | $745,000 (−5.1% YoY) | $600,000 (−3.2% YoY) | $700,000 (−3.4% YoY) |
| Average price | $860,131 (−2.5% YoY) | $581,302 (−6.7% YoY) | $782,148 (−1.7% YoY) |
| New listings | 858 (−2.8% YoY) | 430 (−7.5% YoY) | 1,288 (−4.5% YoY) |
| Sales | 359 (+0.8% YoY) | 139 (−22.3% YoY) | 498 (−6.9% YoY) |
| Days on market | 33 (+13.8% YoY) | 41 (0.0% YoY) | 35 (+6.1% YoY) |
| Months of supply | 4.1 (−2.4% YoY) | 5.8 (+13.7% YoY) | 4.6 (+2.2% YoY) |
The gap shows up clearest in months of supply: single-family sits at 4.1 months, a balanced market by most measures, while condos and townhouses have drifted to 5.8 — a meaningfully more buyer-favourable reading, and one of the highest in this data set for that segment.
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 four months of 2026 compare to 2025
A single month can be noisy. Looking at the full four-month stretch from January through April gives a steadier read on where 2026 actually stands against 2025.
| YTD (Jan–Apr) | Single Family | Townhouse / Condo | All Residential |
|---|---|---|---|
| Sales | 1,079 (−9.9%) | 533 (−8.9%) | 1,612 (−9.5%) |
| Average price | $822,484 (−4.7%) | $578,380 (−5.7%) | $741,722 (−5.1%) |
| New listings | 2,512 (−11.7%) | 1,393 (−10.4%) | 3,905 (−11.3%) |
| Days on market | 42 (+16.7%) | 52 (+13.0%) | 45 (+15.4%) |
The year-to-date numbers tell a more consistently soft story than April alone: sales and new listings are both down across every segment, average price is softer everywhere, and homes are taking noticeably longer to sell across the board than they did over the same stretch in 2025 — even though single-family sales bounced back in April itself.
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 dipped through the fall and bottomed in December at $662,209 — typical seasonal softness, exaggerated this year by thin sales volume — before climbing back through the winter and into a sharp spring rebound that landed at $782,148 in April. That April figure is actually the highest in this nine-month window, a reminder that month-to-month swings in a market this size often say as much about which specific homes closed as about a shift in underlying value.
Demand and supply: sales, new listings, and inventory
New listings fell faster than sales did this April — down 4.5% year-over-year against a 6.9% sales decline — a combination that nudged overall months of supply up slightly to 4.6, from 4.5 a year ago. Active inventory at the end of April stood at 2,074 homes, down 4.0% from a year earlier.
The charts below tell different stories by segment. Single-family inventory fell 4.9% year-over-year to 1,283 active listings, broadly tracking the pullback in single-family new listings, while condo and townhouse inventory declined more modestly, down 2.5% to 791 — even as sales in that segment fell much faster, which is exactly why the condo segment’s months of supply has climbed even as its raw inventory count has actually shrunk.
How long homes are taking to sell
Days on market eased from March’s 45 days to 35 in April, typical of the spring pickup in activity, but that’s still 6.1% slower than the 33 days it took a year earlier. The year-to-date average of 45 days is running 15.4% ahead of the same period in 2025. Single-family homes are moving notably faster (33 days) than condos and townhouses (41 days), and the single-family figure is up the most year-over-year (+13.8%) of any segment — a sign that even resilient single-family demand is taking somewhat longer to convert into a closed sale than it did last spring.
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 April. Single-family’s index dropped 10.4% year-over-year to 163, and condos and townhouses fell a similar 10.2% to 149. Both segments moving down together — rather than diverging the way sales volume did — 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 58 from 53 a year earlier, and the year-to-date reading of 60 is up 13.2% from 53 over the same four months of 2025. Condos and townhouses saw an even larger gain, climbing to 72 from 67 (+7.5%), with a year-to-date reading of 74, up 12.1%. 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 mixed report.
The national backdrop
Hamilton’s mixed picture is playing out against a national market that was largely flat in April. The Canadian Real Estate Association reported that home sales nationally slipped just 0.1% month-over-month, though they remained down 2.3% year-over-year — a trend CREA attributed to global economic uncertainty and a mid-month rise in fixed mortgage rates driven by higher inflation expectations. New listings fell 0.2% nationally month-over-month, marking the lowest level for new supply since mid-2024. Heading into April, there were 167,524 properties listed for sale on Canadian MLS® Systems, up 1% from a year earlier but 10.6% below the long-term average for the time of year, representing roughly a five-month supply at the current sales pace. The national Composite MLS® Home Price Index dipped just 0.4% month-over-month — prices were broadly stable, consistent with the gradual rather than sharp softening Hamilton’s own numbers show.
What this means if you’re buying or selling
If you’re selling a detached or semi-detached home, April’s numbers are encouraging: sales grew year-over-year even as new listings pulled back, and months of supply barely budged. Pricing in line with recent, comparable sales should still attract real competition. If you’re selling a condo or townhouse, the picture is tougher — sales fell more than a fifth year-over-year, and a 5.8-month supply means pricing needs to reflect where the market is today, not where it was 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 buying a condo or townhouse, April offered the most room to negotiate of any segment in this report — more supply, sellers receiving a smaller share of asking price, and prices down across every measure. Single-family buyers face more competition given the rebound in sales, but improved affordability and a longer average time on market than a year ago still suggest more breathing room than this market offered through its peak years. 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 added supply and softer pricing against its income potential 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 1.7% in April 2026 versus April 2025, and the median price was down 3.4%. That said, April’s average price was actually the highest of the past nine months, up sharply from March, as spring activity picked up.
Is Hamilton a buyer’s market or a seller’s market right now?
It depends on the segment. Single-family homes, at 4.1 months of supply, are close to balanced — generally considered a buyer’s market starts above 5 to 6 months. Condos and townhouses, at 5.8 months of supply, have moved clearly toward buyer-favourable territory.
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 4.6 sits in between — a genuinely mixed market, with single-family closer to balanced and condos/townhouses closer to buyer-favourable. For more terms like this, see our real estate terms glossary.
How does Hamilton’s market compare to the rest of Canada?
Hamilton’s mixed performance is broadly in line with a largely flat national picture. CREA reported Canadian home sales down just 0.1% month-over-month in April (down 2.3% year-over-year), with the national home price index essentially flat — Hamilton’s segment-by-segment divergence is more pronounced than the national trend, but not out of step with it.
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 May 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 March 2026 and how the market continued into May 2026.
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