MARKET INSIGHTS

burlington market report

JANUARY 2025 MARKET INSIGHT REPORT: RESIDENTIAL

Just a reminder of the parameters we use when assembling these stats:

Freehold properties only, meaning both the land and the structure on it is owned outright with no space co-owned or co-managed with owners of adjacent homes. We do review Burlington condo apartments in a separate section. Price ranges – in order to avoid outlier sales that skew the numbers too significantly, we restrict our price ranges, shown in parentheses after the city name.

Below you will find the Market Insight Report for residential properties for Burlington, Oakville, Hamilton, and Greater Hamilton. The market has continued to change this month as you will see in this report.

The market is changing, let’s talk! Contact us at any time.

If you are thinking about selling, we offer a helpful FREE Seller’s Guide to help you get the most out of your biggest investment – your home.

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Burlington

The average price for a freehold property during the month of January was $1,419,508, up over $160,000 from December ($1,251,731), and up over $250,000 from January 2024, when the average price was $1,161,040. An important note here - there were a number of areas in Burlington which saw some very big sales that are driving that average up. For instance, the average price paid in Roseland was nearly $3.5 million due to 2 sales in that range. If we remove Roseland, the average drops to $1,263,000. Units sold (61) were down 18.7% compared to January 2024 (75). Days on market were at 73 (up from 53 in December) and properties sold for 96% of the listed price, on average. There were 157 active listings at the end of January, up 7% from the 147 listings at the end of December.

Click here to view the Burlington sales and inventory spreadsheet

Oakville

The average price for a freehold property during the month of January was $1,630,186, down approximately $22,000 from December ($1,652,143) and down just over $50,000 from January 2024, when the average price was $1,681,674. Units sold (86) were down 9.5% compared to January 2024 (95). Days on market were at 33 (down from 39 in December) and properties sold for 97% of the listed price, on average. There were 446 active listings at the end of January, up 16% from the 385 listings at the end of December.

Click here to view the Oakville sales and inventory spreadsheet

Hamilton

The average price for a freehold property during the month of January was $679,429, down approximately $13,000 from December ($692,987) and down 1.1% from January 2024, when the average price was $687,005. Sales (163) were down 13.3% as compared to January 2024 (188). Days on market were at 72 (compared to 56 in December) and properties sold for 97% of the listed price, on average. There were 527 active listings at the end of January, up 5% from the 500 listings at the end of December.

Click here to view the Hamilton sales and inventory spreadsheet

Greater Hamilton

The average price for a freehold property during the month of January was $962,310, up approximately $6000 from December ($956,148) and down just under $65,000 from January 2024, when the average price was $1,026,136. Sales (126) were up 6.8% compared to January 2024 (118). Days on market were at 76 (up from 80 in December), and properties sold for 97% of the listed price, on average. Inventory levels from December to January were as such: Dundas up 4% (from 24 to 25), Ancaster down 9% (from 81 to 74), Waterdown up 23% (from 22 to 27), Flamborough up 5% (from 41 to 43), Stoney Creek up 6% (from 126 to 133), and Glanbrook up 17% (from 58 to 68).

Click here to view the Greater Hamilton sales and inventory spreadsheet

Burlington Condos

The average price of a condo in Burlington during the month of January was $685,000, up $47,000 from December ($638,000) and up $34,000 from January 2024 ($651,000). The price per square foot was $660, down from January 2024 at $687. Sales were up 13.3% from January 2024. Days on market were 101 (up 260% from January 2024 at 28, up from 95 in December 2024), and condos sold for 97% of the listing price on average. There were 128 active listings at the end of January, up 4% from the 123 listings at the end of December.

Click here to view the Burlington Condo sales and inventory spreadsheet


What This All Means

It is a bit early yet to draw any conclusions from this data. We’ll need a couple of months of listings and sales to really understand the trajectory of the market. We narrowly avoided a trade war this week, so that is a major factor as well. It still remains an excellent time to buy and sell, with interest rates being at a 2 year low and expected to drop a lot further this year. We’ll be back next month with some more information. February is typically when the market really starts to get moving, so it should be interesting for sure!

If you would like a call with us to understand this changing market and where it’s going and what to expect please don’t hesitate to request a call here, otherwise reach out and we would be happy to chat with you anytime.