Red Hill
Red Hill

Red Hill Housing Market Report

Balanced Market

All types - for the month of March

Buyer's market Seller's market

4

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 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

44

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*

17

New

8(-11.11% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 9, in 2023: 4, in 2022: 1

Total Sold Listings*

4

Median Sold Price

$602,500

Avg Days on Market

44 days

Median Bidding

-$12,450

Compared to number of sold, same period, in 2024: 5, in 2023: 5, in 2022: 10

*Data is for the month of March

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

Sold vs Active vs New vs Relisted - Red Hill - All types

Sold Price Distribution - Red Hill - All types

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

Property Type Distribution - Red Hill - All types

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

Median Price - Red Hill - All types

Just listed - Red Hill

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Just sold - Red Hill

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Population and Demographics

Overview

Total population 2037
Average household income $94,398

Age (%)

65 and plus
23%
0 to 19
22%
20 to 34
20%
50 to 64
19%
35 to 49
17%

Household composition (%)

Single family
65%
Single person
31%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
75%
Serbian
5%
Italian
3%
Croatian
3%
Polish
2%
Spanish
2%
Arabic
2%
Others
1%
Urdu
1%
French
1%

House tenancy (%)

Owners
61%
Renters
39%

Top 2 Schools in Red Hill

Elizabeth Bagshaw School350 Albright Road, L8K 5J4, Hamilton, ON
4.1/10
Public•JK-8
St. Luke Catholic Elementary School345 Albright Rd, L8K 6N3, Hamilton, ON
3.7/10
Public•JK-8

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Transit Friendly

2/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

1/5

Few or no cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance