LondonHousing market

London

London Housing Market Report

Balanced Market

All types - for the month of April

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.

29

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*

1,778 active

New

1,044(-4.04% YoY)

Relisted

32(-53.62% YoY)

Compared to number of active, same period, in 2024: 1,317, in 2023: 757, in 2022: 697

Total Sold Listings*

422 sold

Median Sold Price

$583,750

Avg Days on Market

29 days

Median Bidding

-$9,994

Compared to number of sold, same period, in 2024: 499, in 2023: 512, in 2022: 621

*Data is for the month of April

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

Home with brick exterior material, street for 27 Tetherwood Blvd, London North Ontario N5X 3W2

$•••,•••

27 Tetherwood Blvd, London North

Detached3+243000-3500 sq ft

Listed by THRIVE REALTY GROUP INC.

Home with brick exterior material, street for 146 Burnside Dr, London East Ontario N5V 1B6

Re-listed 3 hours ago

$•••,•••

146 Burnside Dr, London East

Detached321100-1500 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Home with brick exterior material, street for 232 Bernard Ave, London East Ontario N6A 2M8

Re-listed 5 hours ago

$•••,•••

232 Bernard Ave, London East

Detached632000-2500 sq ft

Listed by BLUE FOREST REALTY INC.

Home with brick exterior material, street for 215 East Rivertrace Walk, London North Ontario N6G 5L1

7 hours on market

215 East Rivertrace Walk, London North

Detached443000-3500 sq ft

Listed by SUTTON GROUP - SELECT REALTY

Home with brick exterior material, street for 1479 Sandpiper Dr, London North Ontario N5X 0E6

8 hours on market

1479 Sandpiper Dr, London North

Detached342000-2500 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Home with brick exterior material, street for 1570 RICHMOND St #48, London North Ontario N6G 4W2

8 hours on market

1570 RICHMOND St #48, London North

Condo2+131200-1399 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

Unknown for 470 Second St #32, London East Ontario N5V 3X4

9 hours on market

470 Second St #32, London East

Condo3+121000-1199 sq ft

Listed by IPRO REALTY LTD.

Home with brick exterior material, street for 458 Eagletrace Dr, London North Ontario N6G 0E7

Re-listed 10 hours ago

$•••,•••

458 Eagletrace Dr, London North

Detached6+153500-5000 sq ft

Listed by RE/MAX CENTRE CITY REALTY INC.

Indoor foyer for 1584 Ernest Ave #210, London South Ontario N6E 1X9

10 hours on market

1584 Ernest Ave #210, London South

Condo21700-799 sq ft

Listed by SUTTON GROUP - SELECT REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 731 Deveron Cres #314, London South Ontario N5Z 4X6

11 hours on market

731 Deveron Cres #314, London South

Condo11600-699 sq ft

Listed by STREETCITY REALTY INC.

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.

Unknown for 905 Fontaine Rd, London North Ontario N6M 1K9

Sold for $745,000

$15K above asking

905 Fontaine Rd, London North

Detached431500-2000 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

Home with brick exterior material, street for 122 Sherwood Forest Sq #2, London North Ontario N6G 5G8

Sold for $542,500

$17K below asking

122 Sherwood Forest Sq #2, London North

Condo231000-1199 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

Unknown for 306 GRASSLANDS Way, London North Ontario N5X 0E2

Sold for $965,000

$25K below asking

306 GRASSLANDS Way, London North

Detached432000-2500 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 1729 ALDERSBROOK Rd, London North Ontario N6G 3B7

Sold for $670,000

$30K below asking

1729 ALDERSBROOK Rd, London North

Detached3+121100-1500 sq ft

Listed by EXP REALTY

trreb/IMG-X12095755_26.jpg

Sold for $352,000

725 Deveron Cres #217, London South

Condo321000-1199 sq ft

Listed by REVEL REALTY INC.

Home with vinyl exterior material, street for 1191 Melsandra Ave, London East Ontario N5Y 4P1

Sold for $415,000

$40K above asking

1191 Melsandra Ave, London East

Detached311100-1500 sq ft

Listed by RE/MAX ADVANTAGE REALTY LTD.

Unknown for 3867 PETALPATH Way, London South Ontario N6P 1H5

Sold for $1,230,000

$70K below asking

3867 PETALPATH Way, London South

Townhouse5+262500-3000 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.

Home with brick exterior material, street for 191 Estella Rd, London South Ontario N6J 2G9

Sold for $630,000

191 Estella Rd, London South

Detached32700-1100 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Home with brick exterior material, street for 107 Ardsley Cres, London North Ontario N6G 3W6

Sold for $560,000

$20K below asking

107 Ardsley Cres, London North

Detached3+231100-1500 sq ft

Listed by MAVERICK REAL ESTATE INC.

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