LondonHousing market

London

London 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.

31

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*

1,600 active

New

935(+6.13% YoY)

Relisted

24(+20.00% YoY)

Compared to number of active, same period, in 2024: 1,008, in 2023: 769, in 2022: 453

Total Sold Listings*

372 sold

Median Sold Price

$595,000

Avg Days on Market

31 days

Median Bidding

-$9,900

Compared to number of sold, same period, in 2024: 492, in 2023: 492, in 2022: 760

*Data is for the month of March

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

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

Sold Price Distribution - London - All types

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

Property Type Distribution - London - All types

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

Median Price - London - All types

Just listed - London

Unknown for 1165 Melsandra Ave, London Ontario N5Y 4N8

$•••,•••

1165 Melsandra Ave, London

Detached3+121500-2000 sq ft

Listed by SUTTON GROUP - SELECT REALTY

Unknown for Lot 33 Virtue Dr, London Ontario N6P 0H7

Lot 33 Virtue Dr, London

Detached442500-3000 sq ft

Listed by THRIVE REALTY GROUP INC.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 3200 Singleton Ave #50, London South Ontario N6L 0C7

3200 Singleton Ave #50, London South

Condo11700-799 sq ft

Listed by EXP REALTY

Just sold - London

A pic from exterior of the house or condo, the street view for 237 Montebello Dr, London Ontario N5W 1S4

Sold for $660,000

$19K below asking

237 Montebello Dr, London

Detached3+23- sq ft

Listed by RE/MAX Real Estate Centre Inc.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 1415 Commissioners Rd #4, London Ontario N6K 1E2

Sold for $460,000

$20K below asking

1415 Commissioners Rd #4, London

Condo321000-1199 sq ft

Listed by COLDWELL BANKER POWER REALTY

Home with brick exterior material, street for 2 CADEAU Terr #51, London Ontario N6K 4K7

Sold for $700,000

$20K above asking

2 CADEAU Terr #51, London

Condo2+231600-1799 sq ft

Listed by COLDWELL BANKER POWER REALTY

Population and Demographics

Overview

Total population 420646

Average household income $111,382

Age (%)

20 to 34

23%

0 to 19

22%

50 to 64

19%

35 to 49

19%

65 and plus

18%

Household composition (%)

Single family

61%

Single person

33%

Multi person

6%

Multi family

0%

Mother tongue (%)

English

79%

Others

7%

Arabic

4%

Spanish

3%

Mandarin

2%

Portuguese

1%

French

1%

House tenancy (%)

Owners

58%

Renters

42%

Top 5 Schools in London

Orchard Park Public School50 Wychwood Park, N6G 1R6, London, ON

10/10

Public•JK-8

Masonville Public School25 Hillview Blvd, N6G 3A7, London, ON

9.2/10

Public•JK-8

London Central Secondary School509 Waterloo St, N6B 2P8, London, ON

9.2/10

Public•9-12

Jack Chambers Public School1650 Hastings Dr, N5X 3E3, London, ON

9.1/10

Public•JK-8

John Dearness Public School555 Sanatorium Rd, N6H 3W6, London, ON

9/10

Public•JK-8

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large 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

2/5

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