The average semi-detached home and townhouse were on the market for 11 days. The average sold price of semi-detached homes and townhouses in Hamilton was $825,474, up 21.5% year-over-year. The average days on market for detached homes is 11 days, up from 10 days seen back in April 2021. Looking at the performance of property types in Hamilton, the average sold price of detached homes in Hamilton increased by 24% year-over-year to $1,060,334 for April 2022. Niagara North is the only market area within Hamilton-Burlington to see a month-over-month increase in average home sold prices.

This means that the average home in Haldimand County sold for $186,474 less in just one month.ДЇor Grimsby, West Lincoln, and Smithville, the average price in Niagara North is up by 18% year-over-year to $1,080,94 for a 5% monthly increase.

Prices in Haldimand County, which includes Caledonia, Cayuga, Dunnville, and Hagersville, are up by 17% year-over-year to $794,095, but down 19% compared to last monthвЂ™s average price of $980,569. The average sale price in Burlington for April 2022 was $1,228,723, up 16% from last year but down 6% from last monthвЂ™s average price of $1,305,593 in March 2022. Soaring home prices when compared to last year, but a substantial dip when compared to last month, can also be found when looking at the surrounding region. It also makes Hamilton one of the hottest real estate markets in Ontario, surpassing the annual home price growth seen in cities such as Toronto and Ottawa. This means that the average Hamilton home price has increased by 21%, or $162,412, over the past year. ThatвЂ™s a considerable decrease of 5% compared to March 2022вЂ™s average home price of $1,003,193, yet it remains significantly higher than last yearвЂ™s average price of $786,737. After surging above $1 million in February and March, the average home price in Hamilton dipped to $949,149 for April 2022. The average home price in HamiltonвЂ™s housing market fell back below the $1 million mark in April 2022 as a slowdown in home sales makes itself known. Check Canada Mortgage Rates From 40+ Lenders

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