Gibson
Gibson

Gibson Housing Market Report

Buyer's Market

All types - for the month of March

Buyer's market Seller's market

6

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

26

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

34

New

16(+45.45% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 12, in 2023: 8, in 2022: 7

Total Sold Listings*

6

Median Sold Price

$580,000

Avg Days on Market

26 days

Median Bidding

-$5,400

Compared to number of sold, same period, in 2024: 9, in 2023: 8, in 2022: 9

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Gibson - All types

Sold vs Active vs New vs Relisted - Gibson - All types

Sold Price Distribution - Gibson - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Gibson - All types

Property type distribution based on data from the last 3 months.

Median Price - Gibson - All types

Population and Demographics

Overview

Total population 7422
Average household income $86,536

Age (%)

20 to 34
26%
0 to 19
23%
35 to 49
20%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
51%
Single person
40%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
81%
Spanish
3%
Arabic
2%
Portuguese
2%
Somali
2%
Vietnamese
2%
Others
2%
French
1%
Italian
1%

House tenancy (%)

Renters
60%
Owners
40%

Top 2 Schools in Gibson

Cathedral High School30 Wentworth St N, L8L 8H5, Hamilton, ON
3.2/10
Public•9-12
Cathy Wever Elementary Public School160 Wentworth Street North, L8L 5V7, Hamilton, ON
2.8/10
Public•JK-8

Transportation

Car Friendly

3/5

Some arteries nearby, but traffic congestion and parking problems are likely

Pedestrian Friendly

4/5

All day-to-day needs are within walking distance

Transit Friendly

3/5

Transit is available for most trips

Shopping, Food and Nightlife

Cafes

3/5

Some cafés within walking distance

Groceries

4/5

At least one grocery store within a few minutes' walk

Nightlife

2/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

3/5

Variety of restaurants within walking distance