Just seven months after new valuations were set for Hamilton homes,some are already fetching up to $205,000 above those figures.

Hamilton City council revealed an average increase of 21.4 per cent on Capital Valuations in November last year, compared with the last time they were set in 2012.

Real Estate Institute figures for March show the median house sale price in Hamilton rose to $472,000 from $350,000 year on year.