East LondonHousing market

East London

East London 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.

19

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*

40 active

New

24(-7.69% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 28, in 2023: 17, in 2022: 10

Total Sold Listings*

6 sold

Median Sold Price

$472,450

Avg Days on Market

19 days

Median Bidding

-$12,400

Compared to number of sold, same period, in 2024: 12, in 2023: 9, in 2022: 17

*Data is for the month of March

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

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

Sold Price Distribution - East London - All types

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

Property Type Distribution - East London - All types

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

Median Price - East London - All types

Just listed - East London

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853 Queens Ave, London East

Detached311100-1500 sq ft

Listed by SHRINE REALTY BROKERAGE LTD.

Home with brick exterior material, street for 453 Quebec St, London Ontario N5W 3Y4

7 hours on market

453 Quebec St, London

Townhouse2+121100-1500 sq ft

Listed by REAL BROKER ONTARIO LTD

Home with vinyl exterior material, street for 1181 Florence St, London East Ontario N5W 2N2

1 day on market

1181 Florence St, London East

Detached2+12700-1100 sq ft

Listed by ROYAL LEPAGE TERREQUITY REALTY

Unknown for 57 Stevenson Ave, London Ontario N5W 1Y4

Re-listed 1 day ago

$•••,•••

57 Stevenson Ave, London

Detached2+32700-1100 sq ft

Listed by THE REALTY FIRM INC.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 870 Queens Ave, London East Ontario N5W 3H6

1 day on market

870 Queens Ave, London East

Townhouse641500-2000 sq ft

Listed by THE AGENCY REAL ESTATE

Contemporary bathroom, ceramic/tile floor for 895 Princess Ave, London Ontario N5W 3M7

Re-listed 2 days ago

$•••,•••

895 Princess Ave, London

Detached221100-1500 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 666 Queens Ave, London Ontario N5W 3H1

2 days on market

666 Queens Ave, London

Townhouse32700-1100 sq ft

Listed by PRIME REAL ESTATE BROKERAGE

Unknown for 971 Elias St, London East Ontario N5W 3P5

5 days on market

971 Elias St, London East

Detached31700-1100 sq ft

Listed by PC275 REALTY INC.

Home with brick exterior material, street for 413 Burbrook Pl, London East Ontario N5W 4B5

7 days on market

$•••,•••

413 Burbrook Pl, London East

Detached321100-1500 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Home with brick exterior material, street for 951 LORNE Ave, London East Ontario N5W 3L2

7 days on market

951 LORNE Ave, London East

Detached321100-1500 sq ft

Listed by KELLER WILLIAMS LIFESTYLES

Just sold - East London

Home with brick exterior material, street for 669 LORNE Ave, London East Ontario N5W 3K4

Sold 19 hours ago

Sold for $450,000

$49K below asking

669 LORNE Ave, London East

Detached531500-2000 sq ft

Listed by RE/MAX REALTY SPECIALISTS INC.

Unknown for 1306 Brydges St, London Ontario N5W 2C4

Sold 3 days ago

Sold for $315,000

$5K above asking

1306 Brydges St, London

Detached22700-1100 sq ft

Listed by ROYAL LEPAGE TRIUS REALTY BROKERAGE

Unknown for 885 Dufferin Ave, London East Ontario N5W 3K3

Sold 5 days ago

Sold for $405,000

$5K above asking

885 Dufferin Ave, London East

Detached21700-1100 sq ft

Listed by RE/MAX ICON REALTY

Stairs for 740 Queens Ave, London Ontario N5W 3H5

Sold 6 days ago

Sold for $575,000

740 Queens Ave, London

Detached432500-3000 sq ft

Listed by RE/MAX CENTRE CITY REALTY INC.

Unknown for 80 Eastman Ave, London Ontario N5W 2M4

Sold 7 days ago

Sold for $465,000

$14K below asking

80 Eastman Ave, London

Detached2+12700-1100 sq ft

Listed by CENTURY 21 FIRST CANADIAN CORP

Unknown for 629 Elias St, London Ontario N5W 3N5

Sold 7 days ago

Sold for $355,000

629 Elias St, London

Detached21700-1100 sq ft

Listed by LONDON LIVING REAL ESTATE LTD.

Home with brick exterior material, street for 693 Elias St, London Ontario N5W 3N8

Sold 8 days ago

Sold for $451,000

$51K above asking

693 Elias St, London

Detached31700-1100 sq ft

Listed by HOUSESIGMA INC.

Standard kitchen, wood/laminate floor for 1237 Wilton Ave, London Ontario N5W 2H1

Sold 13 days ago

Sold for $485,000

$15K below asking

1237 Wilton Ave, London

Detached22700-1100 sq ft

Listed by THE AGENCY REAL ESTATE

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 1185 King St, London Ontario N5W 2X9

Sold 20 days ago

Sold for $390,000

$10K below asking

1185 King St, London

Detached32700-1100 sq ft

Listed by SUTTON GROUP - SELECT REALTY

Home with brick exterior material, street for 846 Lorne Ave, London Ontario N5W 3K8

Sold 23 days ago

Sold for $500,000

$19K below asking

846 Lorne Ave, London

Detached331100-1500 sq ft

Listed by ROYAL LEPAGE TRILAND REALTY

Population and Demographics

Overview

Total population 10542

Average household income $82,222

Age (%)

20 to 34

31%

50 to 64

22%

35 to 49

19%

0 to 19

16%

65 and plus

13%

Household composition (%)

Single person

45%

Single family

45%

Multi person

10%

Multi family

0%

Mother tongue (%)

English

87%

Others

5%

Spanish

3%

Portuguese

1%

French

1%

House tenancy (%)

Renters

55%

Owners

45%

Top 1 School in East London

Académie de la Tamise1260 Dundas rue, N5W 5P2, London, ON

5.8/10

Public•JK-6

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

3/5

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

Some cafés within walking distance

Groceries

4/5

At least one grocery store within a 15-minute walk

Nightlife

2/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

3/5

Some restaurants within walking distance