ColborneHousing market

Colborne

Colborne Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

7

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.

56

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*

7 active

New

2(+100.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 4, in 2023: 0, in 2022: 0

Total Sold Listings*

1 sold

Median Sold Price

$670,000

Avg Days on Market

56 days

Median Bidding

-$29,900

Compared to number of sold, same period, in 2024: 0, in 2023: 1, in 2022: 0

*Data is for the month of March

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

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

Sold Price Distribution - Colborne - All types

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

Property Type Distribution - Colborne - All types

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

Median Price - Colborne - All types

Just listed - Colborne

Home with brick exterior material, street for 24 Peel St, Hamilton Ontario L9H 2Z9

37 days on market

Up to15K Cashback

24 Peel St, Hamilton

Detached332000-2500 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 397 King St #207, Hamilton Ontario L9H 1W9

78 days on market

Up to3K Cashback

397 King St #207, Hamilton

Condo11700-799 sq ft

Listed by Coldwell Banker Community Professionals, Brokerage

Unknown for 397 King St #205, Dundas Ontario L9H 1W9

90 days on market

$•••,•••

Up to7K Cashback

397 King St #205, Dundas

Condo11903 sq ft

Listed by RE/MAX Escarpment Realty Inc.

Just sold - Colborne

Home with vinyl exterior material, street for 55 Brydale Crt, Dundas Ontario L9H 7R9

Sold 5 days ago

Sold for $1,499,950

55 Brydale Crt, Dundas

Detached44+13028 sq ft

Listed by Com/Choice Realty

Living room with furniture, unknown for 23 Brock St, Hamilton Ontario L9H 3A6

Sold 16 days ago

Sold for $775,000

$126K above asking

23 Brock St, Hamilton

Semi-Detached221100-1500 sq ft

Listed by RIGHT AT HOME REALTY

Unknown for 2 Bond St, Hamilton Ontario L9H 3A8

Sold 35 days ago

Sold for $670,000

$30K below asking

2 Bond St, Hamilton

Detached2+22700-1100 sq ft

Listed by Century 21 Miller Real Estate Ltd.

Population and Demographics

Overview

Total population 512

Average household income $159,556

Age (%)

50 to 64

26%

0 to 19

22%

65 and plus

21%

35 to 49

17%

20 to 34

15%

Household composition (%)

Single family

68%

Single person

28%

Multi person

4%

Multi family

0%

Mother tongue (%)

English

93%

Others

6%

Mandarin

1%

House tenancy (%)

Owners

79%

Renters

21%

Transportation

Car Friendly

4/5

Arteries nearby, but traffic congestion and parking problems are possible

Pedestrian Friendly

3/5

Few day-to-day needs are within walking distance

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

3/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

2/5

Some restaurants within walking distance