Stoney Creek Market Report — May 2026

Every figure in this report is drawn from ITSO / Cornerstone Association of REALTORS® MLS® data for the Stoney Creek service area, current as of June 2026. Stoney Creek doesn’t have its own standalone MLS® Home Price Index benchmark — that figure rolls into Hamilton’s broader calculation — so this report relies on median and average sale price, sales volume, days on market, and months of supply, the metrics Cornerstone/ITSO tracks at the community level.

Key takeaways

• Stoney Creek’s median sale price was $707,500 in May 2026, down 8.4% year-over-year; the average was $773,150, down 4.7%.
• Sales jumped 36.4% year-over-year to 60 homes — up from 44 a year earlier — one of the strongest gains anywhere in the Hamilton market this spring, even as prices softened.
• Total dollar volume rose 30.0% to $46.39 million, confirming the sales surge reflects genuine added demand rather than a statistical blip.
• Median price per square foot fell to $387, down 18.9% year-over-year — a steeper drop than the headline price, suggesting May’s sales skewed toward smaller and mid-range homes rather than the premium segment.
• New listings fell 23.4% to 141, leaving roughly 5.6 months of supply — buyer-favourable territory, but tightening as sales volume climbs and fewer new listings arrive to replace them.

May 2026 at a glance

Stoney Creek’s median sold price was $707,500 in May, down 8.4% from a year earlier, while the average came in at $773,150, down 4.7%. The gap between the two suggests a handful of higher-priced sales pulled the average up relative to the more representative median. Sixty homes sold during the month — up 36.4% from 44 a year ago — and buyers paid a median of 96.8% of the original asking price, down just 0.4 points from a year earlier. Lower prices brought buyers back in volume.

Lower prices, higher volume

The price softening and the sales surge are connected. Buyers who had been waiting on the sidelines found their entry point as prices gave ground, and the per-square-foot numbers make the value shift clearer than the headline price does: at $387 per square foot, the median is down 18.9% year-over-year — nearly four times the percentage decline in the median sale price itself. That gap typically means the mix of homes that sold shifted toward smaller or mid-range properties rather than the higher end of the market. Combined with a 30.0% jump in total dollar volume to $46.39 million, the data points to genuinely higher transaction activity, not just a handful of large, skewed sales.

A market in transition: April vs. May

May’s numbers represent a meaningfully softer pricing picture than April, when the year-over-year decline was a much smaller 2.6% for the median and 1.9% for the average. The price correction deepened through the month. Homes also took longer to sell than they did in April, when the average was 32 days and the median 22 — both up notably to May’s 40-day average and 25-day median. Read together, the two months show a market where price discovery is still working itself out, with sellers adjusting expectations more in May than they had through the spring so far.

Supply and demand

On the supply side, 141 new listings came to market in May, down 23.4% from a year earlier — a meaningfully thinner pipeline than the spring typically brings. With roughly 336 homes active at any given time against a pace of 60 sales per month, Stoney Creek sits at about 5.6 months of supply, generally considered buyer-favourable (the threshold is usually placed above 4 to 5 months). The sales-to-new-listings ratio of roughly 42% sits at the lower edge of a balanced market. Taken together — rising sales, a shrinking listings pipeline — the conditions suggest the balance could shift toward sellers over the summer if the trend holds, even though buyers still have the advantage today.

How long homes are taking to sell

Homes sold in a median of 25 days and an average of 40 days in May, both slower than April’s 22-day median and 32-day average. Year-over-year, the slowdown is more pronounced: the median is up 8.7% and the average up 33.3% from a year ago. The gap between the median and the average — homes typically selling faster than the average suggests — is a sign that well-priced listings are still moving quickly, while overpriced ones are the ones dragging the average up.

The national backdrop

Stoney Creek’s mixed signals are playing out against a national market that just turned a corner. The Canadian Real Estate Association reported that home sales nationally edged up 0.7% month-over-month in May — the first increase in six months — though they remained down 4% year-over-year on a non-seasonally adjusted basis, a trend CREA attributed to higher mortgage rates and continued global economic uncertainty. New listings rose 4.1% nationally, bringing total Canadian inventory to 187,647 properties, still 6.1% below the long-term average for the time of year. The national Composite MLS® Home Price Index dipped just 0.1% month-over-month, its smallest decline since October 2025. Stoney Creek’s sharper local price softening, paired with a much stronger sales gain than the national 4% year-over-year decline, suggests local conditions — not the broader market — are the main story this month.

What this means if you’re buying or selling

If you’re buying, May’s numbers are working in your favour: the median price per square foot is down nearly 19% year-over-year, and with 5.6 months of supply you have enough inventory to compare neighbourhoods without rushing. Sellers are still accepting close to their asking price on average, so there’s room to negotiate but not a dramatic amount. Get pre-approved before you start touring — homes selling in a median of 25 days don’t leave much room to shop for financing after the fact. If you’re working through the process for the first time, our key steps to buying a house walks through what to expect.

If you’re selling, the sales-volume story is genuinely encouraging — 36.4% more transactions closed than a year ago — but that demand has been met by sellers giving ground on price. Price competitively relative to recent comparables rather than to where the market sat a year ago; days on market stretched to 40 in May, and overpriced listings are the ones sitting. See our guide on how to prepare your home for sale for what tends to move the needle most. Investors weighing the per-square-foot discount against Stoney Creek’s rental demand from Toronto-bound commuters may also want our essential steps for buying an investment property.

Frequently asked questions

About this report

Stoney Creek doesn’t have its own standalone MLS® Home Price Index benchmark — unlike Hamilton and Burlington as a whole, its data rolls into Hamilton’s city-wide calculation. The figures in this report instead come from ITSO Monthly Indicators data tracked at the community level by the Cornerstone Association of REALTORS®, current as of June 2026. Months-of-supply and active-listings figures are derived from reported sales volume and supply ratios. Percent changes are calculated using rounded figures and may not sum exactly.

Curious how these numbers apply to a specific property, or want a closer look at activity on your street? Get in touch for a no-obligation conversation, browse current Stoney Creek listings, or get a free home value estimate. Stoney Creek Mountain’s newer-build townhomes and the lakeside pocket near Confederation Park each move differently than the community-wide average — see our Stoney Creek Mountain and Stoney Creek Lakefront neighbourhood guides for more detail. New reports are published monthly — see the full archive on the market reports page.

Looking just outside Stoney Creek? See how the corridor’s other markets are doing in the Hamilton and Burlington market reports.